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

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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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