Wilmington is seeing a lot of new construction when it comes to residential and commercial developments.
For the first time in almost a decade, the housing market is making a comeback.
Glen Harbeck, Director of Planning, Development and Transportation for the city of Wilmington, said he is not surprised.
“We’re coming out of the great recession and we went through about a four year period from about 2008 to 2012, when we had very little, if any development,” he said. “We’ve had pent up demand and the flood gates have kind of opened.”
Harbeck said he’s seeing the most growth in downtown, midtown and River Road.
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Weller, Frances. “Here We Grow: Wilmington’s Real Estate Explosion.” News and Weather for Wilmington, NC; WECT.com – WECT TV6-WECT.com:News, Weather & Sports Wilmington, NC. WECT TV6, 14 Mar. 2016. Web. 24 Jan. 2017.