A proposed development could bring a third fixed-base operator, along with 60,000 square feet of new hangar space to Wilmington International Airport (ILM). Ben Zucker, who owns flight school Cape Fear Coastal Aviation and ARQ Realty, is leading the development of what he expects will be a more than $30 million project. While the project was initially developed to give ...

Now under new ownership, downtown Wilmington’s Pour Taproom will reopen next week with more nonalcoholic options and a focus on events.   Justin Hamilton closed on his purchase of the business on Oct. 1 and has since been working to get the nearly 9,000-square-foot taproom ready to reopen. Hamilton, who leads Hempleton Investment Group, which includes subsidia ...

A national shopping center owner and operator has acquired a sponsor interest in a 10-property portfolio, which includes Wilmington’s University Centre. Chicago-based vertically integrated real estate company Pine Tree announced the sponsor interest acquisition in a news release Tuesday. University Centre is a nearly 525,000-square-foot shopping center at 412 S. C ...

Wilmington apartment complex The Cordelia has new owners. The 426-unit complex at 4711 Azalea Landing Drive changed hands for $117 million, according to a deed recorded Thursday. The purchase included the apartments, completed in 2024, and the surrounding 42-acre site located between New Centre Drive and Martin Luther King Jr. Parkway. Deed records show Azalea Apa ...

Riverlights restaurant Smoke on the Water is closing later this month after the building it’s occupied since 2017 was purchased by Girls with Dough LLC in a more than $1.5 million transaction that closed Tuesday. Despite Smoke on the Water’s imminent closure on Oct. 28, the restaurant plans to maintain its local presence, according to owner Diane Smith. She& ...

Cambridge Village, a 222-unit senior living facility near the Mayfaire area, has sold for $140.9 million, according to a deed recorded Wednesday.  The deed shows that Wilmington SL Property Owner L.P. purchased the facility, which spans a little over 10 acres at 75 Cavalier Drive.  The Wilmington SL Property Owner is registered to the same Connecticut addre ...

More parking could be coming to Wilmington’s Soda Pop District. Plans submitted to the city of Wilmington propose a new parking lot at the corner of Market and North 10th streets with more than 30 spaces. The plans also include stormwater, landscaping, accessibility and circulation improvements on the site. Charlotte-based real estate investment firm Cuadra Cap ...

A former PNC Bank building on Eastwood Road was demolished last week to make way for the Wilmington office of residential real estate firm Corcoran HM Properties. The Charlotte-headquartered company entered the Wilmington market in 2024 when it acquired The Property Shop International Realty. Today, the firm has around 20 local agents, said Valerie Mitchener, the compan ...

As construction wraps up on the first phase of Center Point, the development’s next phase is taking shape. Residents began moving into The Sterling, the project’s 265-unit apartment complex, in mid-September, according to Morgan Bentivegna, development manager at The Beach Company. Nearby, four shell buildings that make up the more than 32,000 square feet of ...

Fourscore Business Law has opened an office in Wilmington, its second in North Carolina. The office is located at 717 Market St. and is led by Trey Blalock, who joined Fourscore in May, according to a news release. Blalock, a former Am Law 100 partner and chief legal executive, brings close to 40 years of transactional experience advising boards, owners, investors and e ...