The vacant site of the former Wachovia Building at 101 North Front Street has been sold, and a "large, upscale hotel" is among the development opportunities, the new owner said Tuesday. Matt Mattera of Hauppauge, N.Y., bought the property for $1.5 million, according to documents filed Tuesday with the New Hanover County Register of Deeds.
The site was once proposed for the View condominiums, a luxury project that went under as the real estate market collapsed here. The five-story Wachovia Building was torn down to make way for the project. BB&T, which foreclosed on the property, took bids Aug. 31, 2011.
Looking for more information on the community of Wilmington North Carolina? Learn about new homes, apartments, townhouses, and condos. Also discover senior living solutions, hotels and extended stay options around employment centers, hospitals and universities.
We will also cover the latest job opportunities from an economic development perspective. This includes new office buildings and corporate leasing activity, as well as new manufacturing plants receiving incentives for their investment in the state's economy. This website is designed to bring you the latest news from a variety of sources about growth and development in Wilmington.
We won't forget about the fun stuff like shopping centers, restaurants, and retail store openings. Sports and cultural entertainment plays a big role in your decision making when looking to relocate to a new area. North Carolina has it all, and we hope to bring it to you here, so stay tuned by subscribing to Wilmington-NC today.