The developers of a long-discussed mixed-use project in Southport joined BizTalk on May 19 to give an update on their plans.
In 2020, Bald Head Island Limited and East West Partners proposed a nearly 400-acre, $565-million development dubbed Project Indigo. Plans call for single-family homes, apartments, townhomes, duplexes and commercial space.
It would add onto the existing Indigo Plantation neighborhood and marina in Southport.
Earlier this year, the developers submitted a master plan and rezoning request to the city’s planning board, which is slated to meet June 16 to make its recommendation about the project. The board’s recommendation then goes to the city’s board of aldermen to weigh in on the plans, which also call for the city to annex the property that’s currently outside city lines.
Meet our Guests:
Chad Paul, CEO, Bald Head Island Limited LLC-Mitchell Family Corp
Chad Paul leads the entity that is the principal developer and resort operator of Bald Head Island, an island resort that’s 3 miles off the southern coast of Southport. Paul also currently serves as managing partner of Harbor Island Partners LLC, a private equity firm headquartered in Wilmington since 2000.
Roger Perry, Founder & President, East West Partners
Roger Perry heads up Chapel Hill-based East West Partners, which describes itself as having developed more residential real estate than anyone in North Carolina since its founding in 1983. East West developed River Place in downtown Wilmington.
WilmingtonBiz Talk is a weekly interview program on Facebook Live, which is rebroadcast on YouTube and numerous podcasting platforms. The Business Journal newsroom selects guests based on current events so our community can hear directly from newsmakers.