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Category Archives: Uncategorized

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Downtown Closing Announcement

Category : Uncategorized






Eastern Carolinas Commercial Real Estate is excited to announce the recent closing on a $4.3 Million dollar sale by Partner/Broker Nicholas Silivanch and David Branton, who represented the buyer on the contract.

The purchaser plans to start construction on the apartments in the spring. The Developer who has also developed the Flats at Mayfaire, is excited to now turn his eye toward downtown. He was attracted to the site due to the new planned amphitheater and park space.The Location on the North Side of Downtown will provide great amenities to tenants.

The developer represented by ECCRE is still looking for more sites to acquire.

Please see the Greater Wilmington Business Journal Article about it by clicking here. 

Partner / Broker Nicholas Silivanch

Broker David Branton

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Save Echo Farms Movement Opens Pandoras Box

Category : Uncategorized

This is strictly Opinion as a practitioner of real estate.

A purchaser wants to purchase a piece of property – Check

A seller wants to sell the property – Check

Property is zoned appropriately – Check …. Deal moves forward.

The Save Echo Farms movement wants rezone property they are not a party to in regards to the contract between the owners of the course and the purchasers of the course.

According to the Greater Wilmington Business Journal Article their attorney has found a loophole in the typical process for rezoning. The residents around Echo Farms are requesting the city down zone a property that could imperil a contract which is a legally binding document. The problem is revealed here.

Excerpt: Henry Winters, treasurer of the Echo Farms Residents Association, said Wednesday, “We really want to work with the city and the planning department on this matter. We’re not against development per se in the city, but we certainly want to protect our golf course.”

The Bold is mine calling out the golf course portion. Well the fact is if you want to protect the golf course, perhaps you should step in to purchase and run the course? In what is becoming a national trend, most golf courses have become money pits and the third owner of the course is not even making money. (A general statement is that the original developer sells to get out, the second owner sells to get out and the third owner makes the money, due to the cheep price on purchasing the course for the third time).

Now I have no idea as to the financial state of Echo Farms but this is completely unheard of in Wilmington but it is a loop hole, and its being exploited, see excerpt.

Kitchin said state law “does not have a blanket prohibition which prevents cities or counties rezoning a property over the property owner’s objection. Whether or not it is good policy is a separate question, but state law generally leaves that decision to each local government’s own zoning rules.

“Unlike the zoning ordinances of many other local governments, which specifically limit the right to ask for a zoning map amendment (also known as a rezoning) to the planning staff or the landowner, Wilmington’s Land Development Code allows any interested party to initiate a zoning map amendment. Although ‘interested party’ doesn’t appear to be defined in the Code, I’d imagine that the neighbors take the position that they have standing to request a rezoning based on their view that they have a direct interest in how this land gets redeveloped.”

Kitchin said the issue tends to arise more frequently in rural counties where local government officials are enacting zoning rules and districts for the first time.

Many Realtors, Property Owners and Developers are taking note of this as it has the potential to become a massive issue in the sale of property in the City and County. What if a developer faces resistance and then there is a counter petition to rezone to a different zoning without the current owners consent?

This issue will effect and affect development. It affects clear title to property as it can be a cloud on title. It will affect sales prices for land if the developer needs to defend a suit or rezoning effort and hire professionals that cost a large amount of money for a uncertain result. This is truly a Pandoras Box Situation for our local real estate economy and hopefully one the city can put to rest, quickly.


For the rest of the article by CeCe Nunn at the Greater Wilmington Business Journal click here. 

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Garry Silivanch Quoted in the Wilmington Business Journal

Category : Uncategorized


Garry Silivanch Partner and Broker In Charge Eastern Carolinas Commercial Real Estate

Garry Silivanch, Partner and Broker In Charge for Eastern Carolinas Commercial Real Estate, was quoted in the Wilmington Business Journal regarding the state of the local market place.

Check out the Story by clicking here.

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Hurricane Matthew Area Reports

Category : Uncategorized

ECCRE’s team and staff fared well through the storm. Most of our clients properties did as well. To those who are affected through power outage, tree damage or other events, our thoughts and prayers are with you.

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Carolina Crossing – The Yellow Iron is moving

Category : Uncategorized


Carolina Crossing – Circle K Site


ECCRE is excited that Development is now underway at Carolina Crossing. The Development of Circle K is under way at this hard corner. Check out the pictures! Also check out the development opportunity by clicking here. We have 2.2 acres left for development, BTS, Ground Lease or sale. Stormwater has capacity for impervious surface left. 

Call us today for more info (910) 399 4602

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Mr. Phix Leases new space in Ogden Commons – Marking three locations in Wilmington Metro

Category : Uncategorized

Mr. Phix a Wilmington based cell phone and pc repair company has leased a location in Ogden Town Center. They plan to start renovations and open this fall in suite 3. Mr. Phix marks their third location and third opening with ECCRE Representing the Tenant.

Congrats Ted on your newest venture!.

Mr. Phix is also located on South College Road, just shy of the oleander drive intersection as well as in the Beau Rivage Marketplace on Carolina Beach Road.

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Snows Cut Crossing – Tenant Update

Category : Uncategorized

This past weekend Charlie Graingers, one of the fastest growing concepts in QSR opened their doors at Snows Cut Crossing! Welcome to the Center Charlie Graingers.


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Audubon Blvd Office Space Leased

Category : Uncategorized

2,998 sf of office space has been leased to a growing technology firm. ECCRE was happy to represent the landlord in the transaction and Bryce Morrison of Cape Fear Commercial Represented the tenant.

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Burn Body Boot Camp Leases 5,000 sf at Bayshore Commons

Category : Uncategorized

Unit A-2 a 5,000 square foot retail space has been leased to Burn Body Boot Camp, a fitness studio franchise. The Tenant is a franchisee of the popular Charlotte fitness company.  For more information check out the release in the Greater Wilmington Business Journal.

Click here. 

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Eastern Carolinas Commercial Real Estate Relocates

Category : Uncategorized

ECCRE has moved from 5129 Oleander Drive to 432 Landmark Drive in Wilmington. Tripling their square footage in the process.  You can read the Greater Wilmington Business Journal Article here.

Click Here