Monthly Meeting May 2024 - Unlocking Opportunities: The Greater Downtown Plan and Wilmington's Real Estate Landscape"

Monthly Meeting May 2024

Meeting Topic: Unlocking Opportunities: The Greater Downtown Plan and Wilmington's Real Estate Landscape

Join us for an insightful presentation hosted by the City of Wilmington's Planning & Development Department, Brian Chambers, AICP, Assistant Director, and Travis Henley, Senior Planner, Comprehensive Planning & Urban Design. 

This month, we delve into the transformative potential of Accessory Dwelling Units (ADUs) and the concept of Missing Middle Housing. Discover how these innovative housing solutions are reshaping urban landscapes and fostering inclusive communities. Travis Henley will shed light on one of our city's most pivotal planning initiatives: The Greater Downtown Plan.

• ADUs: Unleashing the Potential: Learn about the growing trend of ADUs and their role in addressing housing shortages, enhancing property values, and promoting multigenerational living arrangements. Real estate investors can leverage the evolving ADU regulations to identify new investment opportunities within the Wilmington market.
• Navigating the New LDC: Understand the implications of the newly adopted Land Development Code (LDC) in 2021 and its impact on ADU regulations and development opportunities.
• Embracing the Missing Middle: Explore the concept of Missing Middle Housing and its significance in bridging the gap between single-family homes and high-density developments, fostering diversity in housing options. The inclusion of ADUs opens up avenues for investing in duplexes, triplexes, quadraplexes, and other multiple-dwelling configurations, catering to a broader range of tenants and market segments.
• Sustaining Progress: Discover the ongoing maintenance efforts and updates to ADU policies, including the eight amendment packages implemented to date and the current ninth package underway.
• Insights from the Greater Downtown Plan: Gain valuable insights into Wilmington's Greater Downtown Plan and how ADUs and Missing Middle Housing align with the city's vision for sustainable growth and vibrant neighborhoods.
• Engage and Empower: Engaging with local policymakers, community organizations, and fellow stakeholders allows real estate investors to stay informed about future developments, advocate for favorable regulatory changes, and foster collaboration opportunities.

We'd love to see you there! Please RSVP, so we know how much food to order! Pizza & drinks (and cookies if you arrive early enough) will be served.

~Coastal REIA Board

• Guests: $25
• Active Military & Students: FREE with ID
• Coastal REIA Members: FREE