The Northern Riverfront Development
Project Overview
Northern Riverfront Marina and Hotel Limited Liability Limited Partnership is an exciting project on the Cape Fear River in Downtown Wilmington, North Carolina consisting of several components – a marina, a restaurant, and a hotel (future). This Project represents the cornerstone of an overall master-planned redevelopment.
Port City Marina | Downtown Wilmington
Overview
Port City Marina (PCM) officially opened for business in mid-2015 and offers full-time professional staff. PCM is a protected, deep water, marina with state-of-the-art floating concrete wet slips. The marina covers 10 acres of water featuring 84 permanent slips and 1,500 linear feet of additional dockage for transient and permanent guests. Slips range in size from 40 to 100 feet, but can accommodate boats up to 250 feet, with a controlled depth of 10-feet within the basin, and deeper draft slips along the Cape Fear River.
The Downtown Riverwalk goes through the property – allowing guests to follow the Riverwalk along the river to restaurants, entertainment, and shopping. PCM also offers a fuel depot, parking, and concrete event pier with a bandshell. Some of the concerts hosted by PCM have been Willie Nelson, KC &The Sunshine Band, Dwight Yoakam, the Cheney Brothers Food Show, and the annual Wilmington Boat Show. In addition, many private functions, weddings, corporate parties and charity fundraisers select PCM as their preferred venue.
The marina continues to garner attention as the area around it continues to grow and develop. The marina, the location, and our world-class customer service staff continue to receive positive reviews on Active Captain, Google, and Facebook.
Location, Location, Location
The marina is situated in the heart of downtown. Boaters can walk to restaurants, check out the thriving downtown art scene, or explore the boutique shops. The marina is conveniently located just 3 miles from the Wilmington International Airport. If you want to drive – there are 3 world class beaches within 30 minutes.
Future Growth & Return on Investment
Our permit allows the addition of more slips in the future, up to 204 total. Currently, slips are only available for lease. The General Partner will determine, based on market conditions, to either commence slip sales, or maintain leasing program until initial investment period is complete. This determination will be made with priority placed on preservation of capital and maximizing profit to the Limited Partnership. Return of investment capital shall be achieved through sales of marina slips, or by selling the entire marina asset once income stabilization and EB-5 program requirements have been met.
Future Hotel Site
The second component of this Development is the construction and operation of a hotel. The Hotel will be located on a 1.26 acre site, very close to the Port City Marina and the Wilmington Convention Center. The 105,000 square foot Convention Center has a full calendar of events, and our location would be the closest hotel allowing it to capture a majority of the convention business. The future hotel will include a minimum of 120+/- rooms, a nice range of hotel amenities, retail space (to include dining and family entertainment components), and parking. The future hotel will host a well-known and respected brand-name flag and provide quality service and hospitality at competitive rates.
Marina Grill |
Introducing an eclectic mix of food, distinctive beer, exceptional cocktails, and authentic southern hospitality.
Located along the Cape Fear River in downtown Wilmington’s newest entertainment venue. Contact us at (910) 769-7974.
Wilmington, North Carolina
In the past decade, a renaissance has occurred in the Greater Wilmington area, reaffirming the storied history of the region when Wilmington was the largest city in North Carolina. People of all ages and backgrounds have been—and continue to be—drawn to the mild climate, beautiful shoreline, historic attractions, inviting business atmosphere and hometown feel of the Cape Fear Coast. In 1998, accolades about Wilmington from national magazines, newspapers and surveys began in earnest. One of the first named our city one of the 100 Best Small Art Towns in America. Since that time, Wilmington has garnered praise as one of America’s 100 Best Retirement Towns (Where to Retire magazine), the 12th best place to set up a medical practice (Modern Physician magazine), as number 36 on a Forbes magazine list of the 200 Best Places for Business and Careers, and in Oct 2006 Wilmington was listed as one of the top ten cities in the US for projected real estate appreciation in the next five years by CNN Money/Business.
