Two Rezoning Applications Underway For Riverfront Projects in Wilmington

Cape Fear Development, a partner affiliate of Cape Fear Construction, has launched two rezoning applications in connection with transformational multifamily projects set for the banks of the Cape Fear River.

On a 7.4-acre site directly south of the Cape Fear Memorial Bridge, the firm has applied for a rezoning that would permit the construction of a thriving mixed-use hub — the Proximity at Dram Tree — with apartments and river access. To the south, on a 40-acre tract, the proposed Proximity at Watermark is slated to include more than 200 apartment units.

“The Proximity at Dram Tree Point is planned to be a gateway into Wilmington that every local can be proud of,” said Cape Fear Development Partner Mike Brown. “These projects will bring major improvements like increased walkability to their pockets of the city.”

As the construction affiliate of Cape Fear Development, Cape Fear Construction can greatly increase efficiency and quality control for the firm, if called upon to conduct build-out of these game-changing projects. Both projects are currently under review, with construction projected to begin in the near future.

Read more about the proposed Proximity projects in local outlets: The Wilmington Business Journal and NC Construction News.