East West Partners has closed on a $35 million loan for the development of a mixed use project in downtown Wilmington, NC. The plans for the scheme, River Place, call for a 13-story building consisting of 92 condominium residences, 79 rental apartments and 32,000 square feet of retail space. The building is envisioned as the central component of a $70 million redevelopment of a municipal parking deck. Located at 200 North Water Street, common amenities including a rooftop pool, concierge services and assigned parking in the new garage. Florida-based Trez Forman Capital Group provided the funding. “We are pleased to finance construction of this incredible project backed by an experienced development company that has a track record of delivering quality real estate projects throughout the state,” said Brett Forman, President and CEO of Trez Forman.
