What's Happening?
Construction is scheduled to begin this fall on a new townhome community at a long-vacant site on Covil Avenue in Wilmington, North Carolina. The project, named Covil Village, will feature 65 three-bedroom townhomes on a 5.4-acre site that previously
housed Port South Village, an assisted living facility closed in 2013. Developers Frying Pan Ventures LLC, led by Andy Mitwol and Clayton Williams, have been working on the project for two years, overcoming challenges in contacting the property's owners due to its complex ownership history. The Wilmington City Council has approved rezoning the site to accommodate the high-density residential development. Construction is set to begin in September, with completion expected between March and August 2027.
Why It's Important?
The development of Covil Village is significant as it addresses the need for accessible housing in Wilmington, a city experiencing growth and demand for residential properties. The project aims to provide affordable housing options, allowing more people to enter the housing market. Additionally, the revitalization of the long-vacant site is expected to enhance the area's walkability and livability, contributing to the community's overall development. The project also reflects a broader trend of urban infill development, which utilizes existing land resources to meet housing demands without expanding into undeveloped areas.
What's Next?
Following the groundbreaking in September, the development team plans to proceed with construction in four phases, with Rolina Homes serving as the builder. Marketing and sales of the townhomes will be handled by Intracoastal Realty. The developers aim to finalize pricing to ensure the units remain accessible to potential homeowners. As construction progresses, the project will likely attract interest from local residents and potential buyers, contributing to the area's economic growth and community development.
