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Water Street Deck/River Place

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Water Street Development

Project update:

Groundbreaking ceremony for Water Street Deck demolition:
WHEN:  Monday, May 8, Noon
WHERE:  Top Level of Parking Deck on Water Street

East West Partners, developers of River Place, together with officials from the City of Wilmington will gather on the top level of the Water Street Parking Deck, Monday, May 8 at Noon for the official groundbreaking of the River Place project.

  • The project is expected to be complete in mid-2019. The parking portion will open sooner, possibly late 2018

The Project will consist of the demolition of the existing Water Street Public Parking deck and construction of a multi-story mixed use development including parking, residential and retail space. In addition, it will maintain access to Bijou Park and re-connect Chestnut Street to Water Street, while providing public space at the at the foot of Chestnut Street. Some highlights include:

  • 25,633 square feet of commercial space including retail shops and restaurant and bar space, primarily on the ground floor
  • Approximately 171 residential units (for sale and/or lease)
  • 409 parking spaces, a minimum of 174 of which will be reserved for public use. The city’s cost to construct the new parking facility is estimated at $19.7 million, not to exceed $20.7 million
  • Residential units will “wrap” the parking deck on the Water Street side, masking view of the parking from Water Street
  • The facility will not exceed current zoning height restrictions of 132 feet

Video camera Watch the presentation from the June 21 Council meeting

 

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