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East West Partners, Hardison Building submit residential plans to city

2 weeks ago | wilmingtonbiz.com | Cece Nunn

The company behind the downtown mixed-use project River Place and other developments in the Wilmington area has a smaller proposal in mind for property near Wrightsville Beach. East West Partners has submitted site plans to the city of Wilmington for luxury townhomes on a little over an acre at 1729 Allens Lane. The project, Villa Point, is a joint venture between East West and Hardison Building Co., said Lee Perry, co-president of East West Partners.
Investor buys more than 30 acres in Brunswick County

3 weeks ago | wilmingtonbiz.com | Cece Nunn

In the Brunswick County community of Ash, a 33.6-acre property recently sold for $495,000. Located at the corner of N.C. 130 and Waccamaw School Road Northwest, the property represented “a unique investment opportunity in Brunswick County,” according to a news release from Wilmington-based Sun Coast Partners Commercial.
Avelo launches operations base at ILM

3 weeks ago | wilmingtonbiz.com | Emma Dill

Avelo Airlines launched a base of operations at Wilmington International Airport (ILM) on Thursday, making it the first airline to establish a base at the airport. Officials from ILM and Avelo marked the launch on Thursday alongside Gov. Josh Stein and other local leaders. Avelo will have two planes based at ILM, and the company plans to hire about 50 employees from the Wilmington area.
Q&A with nCino's new CEO, Sean Desmond

3 weeks ago | wilmingtonbiz.com | Vicky Janowski

In February, Sean Desmond was appointed president, CEO and board member of Wilmington-based fintech company nCino. Desmond, who was previously nCino’s chief product officer in a role in which he oversaw about two-thirds of the company's employees, succeeded Pierre Naudé, who remained on as the board’s executive chairman. Desmond shared more details with the Business Journal about his new role and plans for the cloud-based banking software company. What drew you to take this new role?
Wawa submits plans for Oleander Drive store, gas station

3 weeks ago | wilmingtonbiz.com | Emma Dill

Plans for a Wawa convenience store and gas station are under review on Oleander Drive in Wilmington. Representatives for Wawa recently submitted plans for the approximately 6,300-square-foot store at the corner of Oleander and Englewood drives. The project is slated for a vacant 1.6-acre tract just east of Jungle Rapids Family Fun Park. Several gas station brands, including Wawa, Sheetz, 7-Eleven and Royal Farms, have announced plans in recent years to expand into the Wilmington market.
Cargo West welcomes first restaurants, with more to come

3 weeks ago | wilmingtonbiz.com | Emma Dill

The first businesses are open in the Cargo District’s food court, Cargo West, with others set to open their doors in April. Like much of the Cargo District, the restaurants in Cargo West, located at 615 S.15th St., operate out of 20-foot shipping containers with walk-up windows for ordering. Cargo District developer Leslie Smith said three restaurants are currently open, and he expects others to open next month.
Canadian firm opens local production facility while eyeing future growth

4 weeks ago | wilmingtonbiz.com | Emma Dill

Canadian company Protocase and its subsidiary 45Drives hosted an open house this week at its first Wilmington-area production facility. The 11,000-square-foot facility off U.S. 421 will assemble data storage and computer servers for 45Drives. Protocase, a Nova Scotia-based rapid manufacturing firm, announced last year that it had selected Wilmington for its first U.S. expansion.
Carolina Beach worker training startup nets success

4 weeks ago | wilmingtonbiz.com | Emma Dill

A Carolina Beach-based startup, Skillmaker.ai, can cut down the time it takes to train an auto technician from two years to just 25 days, according to the company’s founder and CEO Robin Cowie. The platform uses extended reality (XR), including immersive technologies like virtual reality and mixed reality, to train workers. Skillmaker.ai won the Council for Entrepreneurial Development (CED) Venture Connect pitch contest in the AI and Machine Learning category in Raleigh on Thursday.
Commercial real estate professionals assess county's property revaluations

1 month ago | wilmingtonbiz.com | Cece Nunn

When property tax revaluation notices started reaching mailboxes in New Hanover County earlier this month, the calls started coming into Cal Morgan’s office. “Our phone has been ringing a lot, mainly from people who obviously think their property has been over-assessed,” said Morgan, owner of Wilmington-based commercial real estate appraisal firm JC Morgan Co.Every four years, the county conducts “a comprehensive revaluation of all real property to ensure equitable taxation.
New office building planned off Market Street

1 month ago | wilmingtonbiz.com | Cece Nunn

A local mortgage broker and real estate investor hopes to create a 14,000- to 15,000-square-foot office building off Market Street. Adam Slack, senior vice president of mortgage lending for CrossCountry Mortgage, said if the project gets New Hanover County approvals, it could take two years to build. The Adam Slack Team of CrossCountry Mortgage could occupy about one-fourth of the Class A, two-story office building, Slack said.