Wilmington leaders will consider a rezoning and providing gap financing Tuesday for a 120-unit workforce housing project planned for the current site of a Market Street hotel.
Blue Ridge Atlantic Development is planning the 100% workforce housing development on just over four acres at 2929 Market Street, the site of the Azalea Inn & Suites. The project, called Apex on Market, would include units priced between 30% to 80% of the area median income for a minimum of 30 years.
Officials with Blue Ridge Atlantic Development are asking city leaders to rezone the site from its current O&I, an office and institutional district, to a conditional MD-17, a high-density, multiple dwelling residential district, to allow their plans to move forward…