Page 6 - Zimmer Development News Today

Details are now available for the county’s newest project downtown, Project Grace. The new building on 3rd and Grace will include both the library and Cape Fear Museum, with a private development on the other side of the block.

New details released Wednesday outline the future of Project Grace, a re-development of Wilmingtons downtown library and history museum. The re-development project has been talked about for years. It was first introduced in 2016 and formally re-surfaced earlier this year when the New Hanover County Board of Commissioners adopted a Memorandum of Understanding with Zimmer Development Inc., a commercial developer. The MOU directed Zimmer Development Inc. to define the terms of Project Grace an...

Power Breakfast: The Roaring 20s Even amid the Covid-related shutdowns, the Wilmington area’s real estate market has been booming. With numerous projects recently completed, underway and in the works, we catch up with panelists at the Power Breakfast on June 16 who have been in the middle of all this activity in the residential, commercial and industrial real estate markets.     Anne Gardner, CEO, Cape Fear Realtors  Chris Norvell, Principal, Edgewater Ventures  Adam Tucker, Director of ...

While staff will recommend that the Cape Fear Museum be kept as off-site storage and research space — if a new structure is built as a component of Project Grace — it’s still unclear what will become of the museum and the nearby parking lots, all owned by New Hanover County (Port City Daily/File) NEW HANOVER COUNTY — County commissioners plan to cast votes on Monday morning that will sway the look of downtown Wilmington for years to come.  Initially brought to the table in 2018, Proje...

Amid public comments both in support of and against Project Grace, the New Hanover County Board of Commissioners approved moving forward with the project – with some amendments.  Zimmer Development Inc. presented a Memorandum of Understanding to the commissioners at their regular meeting Monday morning that detailed the foundation of Project Graces plans and the timeline for making it happen.  Adam Tucker, with Zimmer Development, explained the company doesnt yet know how all the boxes will...

WHQRs Hannah Breisinger and Ben Schachtman discuss the story. The current proposal for Project Grace, New Hanover County’s plan to redevelop the downtown library block, will cost taxpayers $90 million over 20 years in lease payments to the Zimmer Development Company. But by its own calculations, the county could save $24 million if it borrowed the money at the current low interest rates and built the project itself. The county is in a bind. Zimmer has said it will only participate if the proj...

Listen to the story here. Project Grace is New Hanover County’s redevelopment project for the downtown library block. Ahead of a vote by county commissioners, representatives of the Cape Fear Museum and the New Hanover County Library are weighing in on changes they’d like to see to the current plan. Late last week, the chairs of advisory boards for the museum and library both sent letters to the board of commissioners; the chairs have laid out a number of key changes and additions they’d ...

By Cece Nunn, posted Feb 22, 2021 A virtual community roundtable Tuesday will focus on Project Grace, a $107 million project that would transform a New Hanover County-owned block in downtown Wilmington into new public and private facilities. Wilmington Downtown Inc. President and CEO Holly Childs will share the current vision and next steps with panelists who include:   Dane Scalise, WDI Board Chair Jennifer Rigby, Chief Strategy Officer, New Hanover County Adam Tucker, Direc...

By Cece Nunn, posted Jan 28, 2021 The proposed redevelopment of the county-owned block that contains the New Hanover County Public Library main branch and other features is progressing. (File photo) A redevelopment of a county-owned block in downtown Wilmington could be on its way to becoming a reality as county officials and the developer continue to work on a potential agreement. Referred to as Project Grace, the transformation of the property bordered by Grace, Third, Chestn...