February 7, 2019

Dewitt Carolinas Officially Breaks Ground for Pier 33 Luxury Apartments

February 7, 2019 – Wilmington, NC – More than 100 people gathered with Dewitt Carolinas today to celebrate the groundbreaking of Pier 33, the luxury apartment and retail complex located on the Cape Fear River in downtown Wilmington.  Elected officials, business leaders and those with a stake in downtown Wilmington’s continued growth celebrated the development of the critical five-acre site situated between PPD headquarters and the Wilmington Convention Center, along the Cape Fear Riverwalk and the Northern Riverfront Marina and near the city’s future Riverfront Park. Dewitt Carolinas anticipates welcoming the first residents of Pier 33 in Spring, 2020, with pre-leasing to begin late this year.

Heavy equipment has been in place for several weeks, grading the property and drilling foundation footings for the six-story complex.  When complete, Pier 33 will bring 286 luxury apartments, 20,000 square feet of commercial space and a 525-space parking garage to the city’s river front.

“We are delighted to be contributing in such a significant way to downtown Wilmington’s continued growth,” said Dewitt Carolinas CEO Tod Saieed. “Pier 33 will be a sought-after address for those eager to live in a luxury waterfront apartment in downtown Wilmington.” Also on hand for the event were representatives from others on the development team including Wimco/Kaufman Lynn, general contractors; JDavis Architects and Coastal Site Design, project designers; Drucker & Falk, property management and those financing the project, Pinnacle Bank and Hines Realty Income Fund LLC.

About Pier 33

The Pier 33 apartment community will offer 286 residences, including studio, one, two- and three-bedroom floor plans, each featuring premium finishes and amenities such as spacious balconies, chef-inspired kitchens with fine cabinetry, granite countertops, contemporary lighting and fixtures. Some 20,000 square feet of commercial retail space will be constructed on the first floor. The project’s exterior amenities include a resort-style pool, courtyards, a gaming lawn, outdoor grilling stations and movie screen.  A business center, fitness and yoga facilities, bike and kayak storage, pet care facilities, on-site security and a concierge are among the resident services.

About Dewitt Carolinas, Inc.

Dewitt Carolinas, Inc., is a Raleigh based full-service diversified real estate company with over 30 years of experience specializing in office/retail/multi-family development, project management, sales and leasing, and property management.  Todd Saieed and Ven Poole founded the firm in the late 1990’s with the vision of developing premium quality real estate projects in the Carolinas.  That focus continues to be reflected in the company’s reputation and portfolio. Dewitt Carolinas currently has projects underway in Beaufort, Greenville, Raleigh, Cary and Wilmington, North Carolina. For more information, visit www.dewittcarolinas.com.