Want to ask a question? Click here

Whatever happened to the Wilmington Gateway project?

Sherry Jones
StarNews

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

User-contributed question by:
Anonymous
Anonymous

Got a comment about this post or know more about the answer? Click here to let us know!


Bookmark and Share

X
Ask a question
X

Ask a question

If you’re looking for answers about living in coastal North Carolina, you’ve come to the right place. If we don’t have the answer to your question, we’ll find out or try to find someone who does. Hey, that’s our job! So, ask your question below and we’ll do our best to find the answer. Once we do, we’ll post it in an appropriate category.





Can we use your name to credit you by name (no e-mail or other contact information) with this question when we post an answer?
Yes
Your question:

Post a comment
X

Talk to us!

Have a comment about this post or know more about the answer? Use this form to let us know. Note that all comments are moderated and must be approved before they are posted, although you may see your own comments the first time you post them.





Your comment: