DeWitt to Develop Luxury Apartments in Wilmington, NC
Downtown Wilmington, N.C., will soon get a brand new addition to its in-demand pool of multi-family offerings, now that DeWitt Carolinas Inc. has revealed plans to commence development of Pier 33 Apartments this fall. DeWitt will spend $50 million to develop the 300- unit luxury apartment community , which will sit along Cape Fear River . It’s got the right location. The six-story building will sprout up overlooking the historic Pier 33 Marina , just a stone’s throw from the new 107,000-square- foot Wilmington Convention Center and within walking distance of the Cape Fear Community College , the sixth largest community college in the State of North Carolina. And it has the right offerings as, in addition to the premier apartment units , the J. Davis Architects- designed property will feature 32,000 square feet of ground- level retail space and a 700- space parking deck for residents and retail users. Pier 33 also has good timing. “Wilmington went through a period of about four ye...