By
Cece Nunn, posted
Jan 8, 2021
A rendering shows the first building planned for development at the International Logistics Park of North Carolina. (Rendering c/o Cameron Management)
Residential and commercial real estate in the Wilmington area is expected to thrive in certain areas and struggle in others this year.
Apartments
Brian Eckel, GHK Cape Fear Development partner and co-founder of Wilmington-based commercial real estate firm Cape Fear Commercial, said that the area’s growth will continue in 2021“so I see a very positive outlook for the single-family residential and multifamily sectors. The recent zoning change by the city of Wilmington will be tricky to navigate and will likely stifle many multifamily projects, unless already entitled.”