$50M Apartment Development Proposed For Northern Riverfront Downtown

A Triangle-based developer wants to construct a $50 million, riverside apartment development in downtown Wilmington, adding to a multitude of unit counts being proposed in the area.

Raleigh-based Dewitt Carolinas Inc. announced Wednesday that it’s proposing to build a six-story, luxury apartment community on a 5-acre site in the Northern Riverfront Marina and Hotel development currently under construction along the banks of the Cape Fear River, according to a news release.

The site is currently under contract, said Chuck Schoninger, president and CEO of Wilmignton-based USA InvestCo — the firm that currently owns the property.

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