WILMINGTON — The Riverbend development, first proposed over two years ago, is moving forward with plans for apartments, retail, and a parking deck in downtown Wilmington.
The Riverbend development will occupy the west-facing half of the block between Second and Third streets and Grace and Walnut streets. According to plans submitted to the city, the Riverbend development will be up to six stories tall, with around 110 multifamily units, including one, two, and three-bedroom layouts. There will also be 530 parking spots in a parking deck, and between 12,000 square feet of retail space.
The latest plans, submitted to the City of Wilmington last month, are slightly scaled back from plans first submitted in March of 2017, which called for an eight-story building with 29,000 square feet of retail and 120 residential units.
Developer James Kirkpatrick said the project will roll out in several construction phases if plans are approved. The parking deck and mixed-use space will be built first, followed by retail, and finally the apartment structure. According to Kirkpartrick, the parcel at the corner of Grace and Third streets – the manicured lot owned by the River Bend LLC – won’t be developed at this time.
According to architect Danny Adams, “we are tracking a first sequence of construction on the garage to begin late summer, with an overall project completion in first quarter of 2021.”
The Riverbend projected is being designed by Wilmington-based architectural firm LS3P with engineering by Wilmington-based firm Paramounte Engineering, Inc.