Commercial Building Sells in Downtown Wilmington

A historic storefront in downtown Wilmington has a new owner.




John Hinnant, president and CEO of Wilmington Downtown Inc., said Monday that 220 N. Front St. has been sold.

Commercial building sells in Downtown Wilmington

According to the New Hanover County Register of Deeds records, the building was sold to Karma Building, LLC for $715,000 last week.



New Elements Gallery currently occupies the space.



Hinnant said the art gallery is in the process of relocating into new space at a building near the intersection of Second and Princess streets. He said the building’s new owners plan to convert the top floor into a private residence; however, plans for the ground level of the building were not released.



Officials with Karma Building, LLC could not be reached for comment Monday afternoon.



Hinnant said having the building purchased is a good sign for downtown’s continued growth.



“It means that we can move this building off the vacant list, and onto the owner-occupied category,” Hinnant said. “Right now, downtown has an 86 percent occupancy rate.”

What's Happening in Wilmington NC and Beaches this Weekend

Until 12/31: Teacher’s Fund Raffle Tickets for sale - Intracoastal Realty Corp raffle to benefit the Teachers Fund.



Buy a ticket for $ 10.00 and win a chance to receive an Ipad 2.



Until 1/2: Downtown Holiday Tree Lighting. Riverfront Park, Downtown Wilmington



Until 1/4: Holiday Lighting of the Battleship. Downtown Wilmington



12/31: New Year’s Eve Cruise aboard Henrietta III Riverboat, Downtown Wilmington



12/31: New Year's Noon Countdown. The Children's Museum, Downtown Wilmington

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What's Happening THis Weekend in Wilmington NC and local beaches

What's Happening this Weekend in Wilmington NC

Wrightsville Beach Kite Festival is this Saturday and Sunday at Wrightsville Beach.. Enjoy all kinds of flying creatures at the beach. It is cool to see fish fly.... and huge kits flying over the beach houses.

Wanna be a star or at least an extra?  You can tryout downtown on Saturday and Sunday at the USO Center on 2nd Street. Fincannon will have extras sign up for background work for the last show to be filmed of One Tree Hill.. But don't worry there will be plenty of extra filming to come... You never know...

FUNDRAISER: 4th Annual Horseback Ride-A-Thon - Free Saturday...

Coastal Therapeutic Riding Program (CTRP)

3507 North Kerr Avenue

Wilmington, NC 28405

Website: http://www.coastalriding.org

The 4th Annual Horseback Ride-A-Thon at CTRP in Wilmington, NC, is a family-friendly event featuring music, a petting zoo, carnival games, face painting, food, and silent auction & raffle prizes from local businesses. Funds raised from this event provide riding lesson scholarships for special needs children and adults.
More Info:
Contact: Sarah Quinlan

Phone: (978) 609-3972

Email: coastalriding@gmail.com

Halloween Happenings this Weekend in Wilmington NC and local Beaches

If you are looking for something Spooky Halloween Happenings in Wilmington NC to do check out the following:

Panic Attack - with Holly wood style effects and makeup Panic attack has earned a reputation as a nightmare come to life. There are 2 haunnted house at 1290 S. 15th St with scary rooms such as Temple of Terror, Freak Farm and Sewer Escape. Tickets are $ 23 or $ 30 for a fast passs. Check it out at www.Panicattackhaunt.com

Carnival of Carnage - At New Hanover High Schools Luceum Academy - their annual haunted house fundraiser. My daughter went to this one last weekend and thought it was fun. ( She was too scared to go to Panic attack..)

This is behind the Steinmart in Hanover Center, across Oleander Drive from Independence Mall. Admissiion is $ 10. It is open all weekend.

The Ghost Ship... Haunted Battleship NC - tickets go onsale Friday and Sat nights at 6:30 and are only at the door at $10. each. The only haunted battleship on the east coast...www.battleshipnc.com

Wilmington #1 on the list of 10 cities where homes are on the market for the longest time..

The number of homes listed for sale in the largest cities in the country has fallen 20 percent in the past year, according to a report released last week by Realtor.com. While the number of homes on the market has dropped around the country, the average number of days that listed homes have been on the market has remained the same: 107 days.24/7 Wall St. has identified the 10 cities where homes are on the market for the longest time.
Cities Where Homes Will Not Sell- But think about it - there is not better time to buy.....When it comes to the housing crisis, foreclosures and home prices often dominate the headlines. Other information, however, is just as important to a complete understanding of the crisis. Chief among these is the amount of time that homes are on the market and whether the total inventory of available homes has changed. These are better indications of supply and demand than any other data.
#1 Wilmington, N.C., tops the list, with houses remaining on the market for 164 days. Compare that to a city in bad shape, like Detroit, where the number is only 65 days. Wilmington's figure is not necessarily a bad sign. A city where listed homes have been on the market for a long period may be one where many homeowners still believe there is a chance that they can make a sale. Detroit's figure is probably low because people are no longer listing their homes for sale due to a lengthy and depressed housing market.

Wilmington Neighborhoods: Whisper Creek

Whisper Creek currently is one of Wilmington's most desired family neighborhoods. It is leafy, low key, with spacious large tree lined yards. Each house has generally 1/3 to 1/2 acre lots. The houses are not new but are a combination of brick and newer siding treatments. There are a lot of kids in the neighborhood as the areas selected schools - Holly Tree, Roland Grise and Hoggard High school enjoy good school ratings. The houses range from $ 200K - 400K - just a little above the current average New Hanover County price ranges. Currently there are 7 houses for sale in the Whisper Creek subdivison ranging in price from $ 209K to $ 369K.

3 houses sold in the last year here selling for $ 95% of their listed value.

The subdivision has a lot going for it. It is :

15 minutes to Carolina Beach, 20 minutes to Wrightsville Beach

less than one mile to shopping and many take out restaurants

Very close to the area schools which are within 3 miles

has a nice city park right next to the neighborhood. The basic reason for this park was to create a pond that would be used to filter all the water from area properties before they enter Whisper Creek and then into Bradley Creek for eventual flow into the Intracoastal Waterway. This man made park has proved to be very useful to naturally cleanse the water of fertilizer and the like before it continues to the ICCW. The park has a large pond, walkway around its perimeter and 2 bridges, a covered eating area, playground and rest rooms. This hidden jewel is picturesque and very enjoyable for local residents. Let me show you some of the houses in this family friendly area!