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Whatever happened to the Wilmington Gateway project?

Sherry Jones

UPDATE: That tract of land was rezoned in August 2013 to light industrial. By that time, the Gateway idea of a large residential and retail project had fallen victim to the recession and real estate slump.

In the interests of preserving historical accuracy, here’s the earlier answer, which is no longer operative:

OLD ANSWER: Plans for the Wilmington Gateway project are still moving along, but at a slower pace than originally projected, according to developer Ron Pickett.

The city of Wilmington approved plans in October 2008 to rezone 10 acres on the eastern banks of the Cape Fear River from industrial to riverfront mixed use, which would open the door for an 11-story residential and retail complex there.

Wilmington Gateway LLC’s plans include 260 condominium units, a restaurant, 40 boat slips and first-floor retail space, which might include a small food market, coffee shop and hair salon.

“We are continuing to finish up drawings and plans,” Pickett said on March 3, 2010. “With the economy in slow motion, we went into slow gear.”

He added that he’s trying to finalize refinancing, which would give him a couple of years to develop the project. But he said he hopes to break ground next year.

The rezoning approval remains in effect and runs with the land, not the project or developer, said Malissa Talbert, city spokeswoman.

If someone wants to develop the site in a way that deviates from the approved plan, they would have to go back through the public hearing process, she said.

Related link:

City rezones area south of bridge as light industrial

EARLIER: Local developer rescues Gateway development in Wilmington

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