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THE DIGEST
DIGEST THE A ROUNDUP OF RECENT RESIDENTIAL REAL ESTATE NEWS
RENDERING C/O RIVERLIGHTS
RIVERLIGHTS ADDING MORE APARTMENTS
More apartments are in the works for Riverlights, with the newest plans adding 286 units on 17 acres. The site is within a 120-acre mixed-use portion of the 1,400-acre Wilmington community.
Argento at Riverlights is expected to contain a mix of one-, two- and three-bedroom apartments, along with amenities that include a swimming pool and dog park. The developer is Indiana-based Sterling Development.
The Argento plans were undergoing the city of Wilmington’s technical review process as of press time.
Already under construction in the master-planned community off River Road is Mosby at Riverlights, a project with 250 apartments. Both Mosby and Argento are upscale developments.
Mosby is “more dense and includes traditional neighborhood constructs,” said Nick Cassala, vice president of operations for Riverlights. The first building in the Mosby project, which is under development by Virginia-based Middleburg Communities, is expected to be finished by April, Cassala said.
For Argento, Sterling Development has had the land under contract, and would likely start construction four to six months after closing on the purchase.
Some existing Riverlights residents have expressed opposition to the apartments, saying it wasn’t what was originally envisioned, but Riverlights officials disagree.
“In developing this new section of Riverlights, with both multifamily and commercial properties, we are intentionally creating an opportunity to disperse traffic within our master plan,” Cassala said. “Our timing with this new section coordinates the apartment homes with new and necessary commercial enterprises, places like boutique fitness companies, day care operators, veterinarians, dry cleaners and the like.”
– CECE NUNN
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SOUTH COLLEGE ROAD PROJECT ADVANCES
Construction could begin this year for the development of one of the last large tracts on South College Road.
New Hanover County Commissioners in March approved the rezoning of a little over 64 acres at 5601 S. College Road from R-15, residential, to Planned Development (PD).
The PD designation allows for the potential creation of mixed-use structures with 24,000 square feet of commercial space and 40 residential units; up to 250 apartments; 50 townhomes; and 120 other homes.
The project expands the Whiskey Branch master-planned community, which began in 2018 with a residential subdivision containing single-family homes, duplexes and four-unit townhomes.
The developer is Dry Pond Partners, a Cameron Management entity.
Hill Rogers, broker in charge of Cameron Management, said in early March, “Engineering is underway; hopefully we will be ‘playing in the dirt’ later this year.”
NEW HANOVER COUNTY
TAXBASE: 2020 MILLION581$
AN INCREASE OF 20.5%
