Autumn Hall is a 236 acre mixed use community on Eastwood Road in Wilmington, North Carolina. In 2005, Trask Land Company led a complex rezoning effort for the Trask family and managed the development and construction of infrastructure. At completion, the development is expected to have 300 single family homes, 200 multifamily units, up to 500,000 square feet of retail space and up to 350,000 square feet of office space. Autumn Hall’s total value at full build out is expected to approach $500 million. Autumn Hall is widely recognized as one of the highest quality new communities in the Southeast and is a great example of how Trask Land Company works with municipalities, neighbors and the environment to produce exceptional results.
- Infrastructure & Parks
Autumn Hall is currently in phase 3 of residential development, all infrastructure for phases 1-3 are complete. Preliminary planning is underway for construction of the 4th and final phase of the approved residential plan. The final phase consists of 20 residential homesites.
All six parks in phases 1 and 2 are complete. The 7th and largest, Maple Park is a part of phase 3 and was completed in 2016. An additional Park is planned to be the centerpiece for the homesites in phase 4.
As of July 2017 Autumn Hall has sold all of phase 1, 2 and 3 homesites. Phase 3B features 6 remaining Lakeview sites on Shell Bridge Lake. Phase 4 will feature 20 private, wooded, Parkview and Parkfront homesites. Homesite pricing average has been in excess of 200,000 for the past 18 months. The most recent sale in July 2017 was 235,000. A total of 26 potential sites will close out the currently approved residential plan, estimated 2018 completion.
There are currently over 100 occupied homes in Autumn Hall with an additional 10-12 under various stages of construction at any given time. The majority of the homes fall in the $650,000-900,000 price range, with 2 recent (July 2017) sales at 839,000. Custom home construction pace remains strong on both previously owned sites as well as new site sales converting to builds, with the majority of customers opting to build within 12-18 months of site purchase. Both new builder feature as well as resale home market also remains strong with lower than average days on market for price range.
- Autumn Hall is allowed 486,844 square feet for retail, 355,090 for offices, 130,000 square feet of hotel space and more than 300 single-family home.
- The MX ordinance allows for considerable flexibility going forward for commercial use.
- New Hanover Regional Medical Center is currently leasing our first commercial building at Autumn Hall. This 40,000 SF Class A medical office building will be occupied in part by Novant Health and will include surgical operating rooms for outpatient procedures. The remainder of the space will be leased to physicians for their practices.
- The latest addition to the mixed-use commercial development is Dungannon Village, located inside a residential entrance at Dungannon Boulevard in Autumn Hall, and is designed to be reminiscent of the high-end historical architecture of downtown Wilmington. A nearly 25,000-square-foot building includes a full service real estate firm, mortgage and insurance offices and destination retail opportunities, such as a coffee shop. Part of Dungannon Village’s design involves an outdoor meeting area and office suites that can open out onto porches.