Real Estate - Commercial

Dec 6, 2021

The group that wants to create a $500 million, mixed-use project on the riverfront across from downtown Wilmington hopes to have better luck with the New Hanover County Board of Commissioners after the county's planning panel voted down a related measure Thursday night.  The New Hanover County Planning Board recommended denial of a proposed district, Riverfront ...

Dec 3, 2021

Commercial space could crop up on farm land near Castle Hayne Road in northern New Hanover County if a recent proposal comes to fruition.  The property consists of a little over 29 acres at 312 Hermitage Road near GE's Wilmington campus. The property owner, Raleigh-based Fast Tracts Wilmington LLC, is seeking a conditional rezoning request that would allow for ...

Dec 3, 2021

New Stores, Eateries Aim To Boost Mall

By Cece Nunn, posted Dec 3, 2021

The transformation of a portion of Independence Mall continued this year, with new stores and restaurants opening recently.   While the mall at 3500 Oleander Drive in Wilmington still has vacancies inside, businesses with outside entrances and in new buildings in the parking lot have been drawing more customers to the shopping center.   “The redevelopme ...

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Vacation Time Is An Important Employee Benefit

Posted Nov 8, 2021
The United States has a bad reputation related to vacation time. Dubbed the “No Vacation Nation” by The Center for Economic and Policy Research, the average U.S. paid time off (PTO) policy pales in comparison to other countries. Furthermore, U.S. employees take less vacation, often leaving paid time off on the table at year-end. A ...read entire article
Nov 22, 2021

Zimmer Development Co. Plans Office On Mayfaire Land

By Cece Nunn, posted Nov 22, 2021

One of the original developers of Mayfaire plans to move from downtown Wilmington to a new office building behind Mayfaire Town Center. Zimmer Development Co. submitted site plans to the city of Wilmington showing a 20,000-square-foot Zimmer Development office on 5 acres on Monument Drive, the road that connects Mayfaire Town Center to the Windemere neighborhood The ...

Nov 19, 2021

Hotel On Market Street Sells For $5M

By Cece Nunn, posted Nov 19, 2021

A Market Street hotel recently changed hands for a little over $5 million. Ocean Hospitality LLC bought the Baymont by Wyndham Wilmington at 4926 Market St. from Heli Hospitality in October. One of the property's new owners said Thursday that they are in the midst of upgrading the hotel's 119 rooms. The hotel was built in 1982. Robert Hunter, first vice pr ...

Nov 18, 2021

Some office space in downtown Wilmington has been getting more attention in recent weeks, with the latest announcement coming from the city of Wilmington as it aims to buy a North Third Street building for $11 million. City officials have signed an agreement to buy 115 N. Third St., also referred to as the United Bank Building, from Harrelson Co.  The $11 millio ...

Nov 17, 2021

Developers Highlight Project Grace At Downtown Event

By Cece Nunn, posted Nov 17, 2021

The developers of a major downtown Wilmington project said Wednesday they hope to be able to announce some of its commercial uses soon and that the plan still has some moving parts. Project Grace aims to transform a 3-acre block bordered by Grace, Third, Chestnut and Second streets into a mixed-use project with public and private facilities. Wilmington-based Zimmer D ...

Nov 11, 2021

The owner of a landmark property in downtown Wilmington wants to incorporate its historical remnants into a new two-story commercial building. Stamatia “Nick” Saffo of Global Property Holdings and Saffo Contractors said Thursday that he’s restarted efforts to redevelop the former Bailey Theater property, 20 N. Front St., that his company bought in ...

Nov 8, 2021

The Wilmington-based senior managing partner for River Place's development company, Lucien Ellison, is leaving his position at the firm. East West Partners founder Roger Perry said in an email that the Chapel Hill-based company is "sorry to announce Lucien’s pending departure ...  At the same time, we are very happy and excited for Lucien, Jane, and ...

Nov 4, 2021

Two companies are joining the ILM Business Park, airport officials announced in a press conference Thursday morning.  Edgewater Ventures and CIL Capital LLC will bring a combined $120 million in investment to the New Hanover County Airport Authority's park through two separate projects. The authority board approved both leases and appointed a new director& ...

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Suzanne LaFollette-Black knows a thing or two about how to make the most of retirement years. As a gerontologist and former AARP associate s...


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