New Hanover commissioners invite two developers to submit $20 million Wilmington Project Grace proposals

project grace image
Wilmington city staff members demonstrated this image in early 2018 to show the Project Grace potential infill development. Two developers have since submitted their informal proposals for the proposed public-private partnership project.

New Hanover county commissioners have agreed to invite two developers to submit formal proposals for Project Grace, the proposed redevelopment of a county-owned block of buildings in downtown Wilmington.

Beth Schrader, the county’s chief budget officer, said proposals would be due in December, with public input happening by February, The Star-News reports.

The proposed project includes a redesigned library and relocating the Cape Fear Museum from its current Market Street location to the downtown block  There could also be a hotel, new retail stores, a hotel and apartments on the block.

The proposal estimates that the project would cost the county about $20 million and generate about $1 million in new annual tax revenue.

A consortium of four companies submitted an informal proposal for the initiative: Zimmer Development Company and Monteith Construction, both of Wilmington, with Little Architectural Consultants and Vines Architecture. The second proposal is from NSV Development and Armada Hoffler.


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