A busy intersection off the quickly developing Carolina Beach Road could see even more activity as plans progress for a townhome and apartment complex known as Midtown Junction.
Chaucer Creek Capital, a Raleigh-based development firm, has submitted plans to the city of Wilmington for 257 units on 23 acres at 3818 Carolina Beach Road and 3930 Independence Blvd. The proposed plans are expected to be brought before Wilmington’s technical review committee in late February.
Site plans show that the complex will consist of five buildings — two four-story buildings and three two-story buildings — with a mix of one-, two- and three-bedroom units.
The two-story buildings will house 15 townhomes, while the four-story buildings will consist of 242 apartments.
The complex will also include a leasing center, 472 parking spaces, 10 EV parking spaces, 32 bicycle spaces and a bike barn.
The multifamily housing complex is expected to generate 1,774 vehicle trips per day, with 105 trips in peak morning hours and 135 trips during peak afternoon and evening hours.