Print
Real Estate - Commercial

Apartment Plans Move Ahead On Wooster Street

By Emma Dill, posted Apr 29, 2024
Developers have submitted plans for an 82-unit apartment complex along Wooster Street in Wilmington. (Photo by Emma Dill)
Plans for a new apartment complex are moving ahead near downtown Wilmington.

The project, which site plans refer to as Sapphire on 5th, would include 82 apartments and just over 850 square feet of commercial space. Planned for 418 Wooster St., the complex is one of several residential buildings that have popped up in the Wooster Street corridor in recent years.

Developers submitted plans for Sapphire on 5th to Wilmington leaders last week for technical review, a process that helps ensure developments meet city standards. As of Monday afternoon, the date of the project’s review wasn’t publicly available.

Rodney Williams, owner and manager of Wilmington-based firm Franklin Construction Inc., is behind the apartment plans. Williams told the Business Journal last fall that he hoped the project would tap into the increasing popularity and reach of residential development beyond the traditional bounds of Wilmington’s downtown area.

Williams purchased the project site – a 1.7-acre piece of land that’s bordered by Wooster, Fourth and Dawson Streets and Fifth Avenue – in December 2021 for $325,000, according to property records. 

The complex is set to include 61 one-bedroom units and 21 two-bedroom units across three, three-story buildings on the site. Plans also include 852 square feet of commercial space, located at the corner of Fifth Avenue and Wooster Street, along with 114 on-site parking spaces. Williams secured a variance last August from the Wilmington Board of Adjustment for the complex’s off-street parking and driveway access.

Williams told the Business Journal on Monday that he expects the project to break ground in October.

Residential growth has continued to creep along the Wooster Street corridor in recent years with complexes like The Pearl, The Mini Pearl and The Jewel, which are located across Wooster Street from Williams' proposed complex.
Ico insights

INSIGHTS

SPONSORS' CONTENT
Jordain 422430214

How to Solve Impossible Problems

Jordan Cain - APPROVE
Untitleddesign5

The Impact of a Growth Mindset

John Monahan - Vistage
Chris 16239425

‘Creative,’ An Adjective To Describe Your Accountant?!

Chris Capone - Capone & Associates

Trending News

Vantaca’s Balancing Act

Audrey Elsberry - May 17, 2024

Channel, UNC Law School Aid Wilmington Small Businesses

Audrey Elsberry - May 16, 2024

Developers Mark Opening Of $78M Apartment Project At Riverlights

Staff Reports - May 17, 2024

Two Apartment Projects Pitched For Kerr Avenue

Emma Dill - May 17, 2024

As Hurricane Season Heats Up, How Do Builders, Laws Prep Homes For Storms?

Emma Dill - May 17, 2024

In The Current Issue

Area YMCA Continues To Expand

The YMCA of Southeastern North Carolina has about 13,000 members; approximately 11,000 live in the greater New Hanover County area....


Submarine Museum Could Surface Here

​A museum would continue to support those military families and honor submarine veterans but also serve as a way to provide science and math...


Book On Business

The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2024 Power Breakfast: The Next Season