The city received several top quality proposals to redevelop the obsolete Water Street Parking Deck, which is a key riverfront property in the heart of downtown. Once underway, this project will result in a public/private revitalization partnership that will:
- Replace existing public parking, including parking for nearby businesses and growth from the site’s redevelopment;
- Provide public space and pedestrian-friendly connectivity to Front Street; and
- Include privately-owned residential and retail uses that will increase our tax base and result in more people living downtown, which will stimulate further economic development.
At their meeting on Feb. 17, the Wilmington City Council selected East West Partners to begin negotiations on a multi-use development at the site of the Water Street parking deck. There will be many additional steps before a final agreement is reached.