Amy Sullivan

3 weeks ago | wilmingtonbiz.com | Emma Dill |Tully Ryan |Amy Sullivan |Chris Coudriet

Wilmington leaders adopted a first reading of the city’s budget on Tuesday, which includes thousands of dollars in funding for local economic development initiatives and incentives. The budget, which totals over $306 million, was adopted through a series of ordinances by the Wilmington City Council on Tuesday. It will come before the council for a second reading on June 17 and, if adopted, would go into effect on July 1.

1 month ago | wilmingtonbiz.com | Emma Dill |Tully Ryan |Amy Sullivan |Janet Kane

A recently completed mixed-use development in Hampstead will host a grand opening event this weekend. Oyster Creek Landing is a new project from Double Dimension LLC, the owner of Progress Point, a mixed-use retail and office development on Military Cutoff Road in Wilmington. According to a news release, Oyster Creek Landing is Double Dimension LLC’s first project in the Hampstead area. The development features ground-floor retail spaces, with professional office suites above, the release stated.

1 month ago | wilmingtonbiz.com | Emma Dill |Amy Sullivan |Rosalie Calarco |Heather McWhorter

The U.S. Army Corps of Engineers has formally recommended that a replacement of the Cape Fear Memorial Bridge have a vertical clearance of no less than 135 feet.

1 month ago | wilmingtonbiz.com | Emma Dill |Amy Sullivan |Gretchen Roberts |Jim Hundley

Following months of extensive renovation, the condos at North Pier Ocean Villas in Carolina Beach are now on the market. The property, located at 1800 Canal Drive, was the subject of bankruptcy proceedings in 2022 after its former HOA filed for Chapter 11 bankruptcy. It was purchased at auction for $8.3 million and has since undergone major renovations. “There was a lot that really needed to be done.

1 month ago | wilmingtonbiz.com | Emma Dill |Girard Newkirk |Jordan Cain |Amy Sullivan

A Missouri-based hotel developer recently purchased nearly two acres in downtown Wilmington for $6.8 million. A deed recorded Monday shows Drury Development Corp. purchased a 1.8-acre tract at 715 Nutt St., just north of the Wilmington Convention Center. According to its website, Drury Development Corp. builds Drury-branded hotels, including Drury Inn & Suites, Drury Plaza Hotel and Pear Tree Inn by Drury. A representative from Drury Development Corp. declined to comment on Tuesday.