About the River Place Project
The Cape Fear River is truly the lifeblood of downtown Wilmington.
Overlooking the river in a highly sought-after location, the two-story Water Street Parking Deck built in the 1960's will be developed into River Place: a 13-story mixed-use building with condominiums, apartments and a parking deck, along with nearly 32,000 square feet of retail space. To continue and accelerate the revitalization of downtown Wilmington, the city has selected East West Partners of Chapel Hill as the developer of this exciting and unique project.
Wilmington's commercial importance as a major port afforded it a critical role in opposition to the British in the years leading up to the Revolution.
In 1840, Wilmington completed construction of what was then the world's longest single line of railroad track. During the Civil War, the port was a major Confederate base and active with privately owned blockade runners delivering badly needed supplies from England. During World War II, Wilmington became the home of the North Carolina Shipbuilding Company where 243 ships were built.
As a large historic district encompassing nearly 300 blocks, downtown Wilmington exudes old-town charm mixed with modern amenities such as a state-of the-art convention center and a multitude of shopping and dining opportunities.
In the 1990's, Wilmington experienced staggering growth, ranking at one point as the second fastest growing city in the country. Known as "Hollywood East," Wilmington's film industry plays a significant role in the local economy, along with tourism, health care, pharmaceuticals, nuclear fuel, and more.