The Former Coca-Cola bottling facility is about to reveal its brand-new look

WILMINGTON, N.C. (CAPE FEAR WEEKEND) -

Some of the businesses that will be in the newly renovated building are Pomona Shrub Co, Beach & Barn, CraftSpace, and Classic Kitchens.

According to a press release:

Parastream has completely redeveloped the former Coca-Cola bottling facility located at 921 Princess St. The building sits on more than 1.5 acres, encompassing the entire block bordered by Chestnut, Princess, Ninth, and 10th streets.

Parastream Real Estate Development and the Wilmington Chamber of Commerce will host the grand unveiling of the Bottle Works Building at 3 p.m. on Wednesday, Nov. 30.

The redevelopment of the Bottle Works Building is the first of several adaptive reuse projects Parastream is undertaking in the Soda Pop District.

The grand opening of the first phase in this large-scale redevelopment project comes just one year after Parastream Partners Sandy Thorpe and Andy Hewitt closed on 7 acres (more than three blocks) in the Soda Pop District. Thorpe and Hewitt formed Parastream Real Estate Development and purchased the property in the fall of 2021.

The updated Bottle Works Building will house multiple tenants in a mix of retail and warehouse spaces, with storefronts lining the building’s facade facing Princess Street.

Parastream rehabbed the warehouse portion of the building into an “Urban Flex” space. The Urban Flex offers tenants a chance to be in a light industrial warehouse setting in the Greater Downtown Wilmington area.

“When we closed on the properties, there was a void in warehouse space across the city, especially in the downtown area. We are glad to have tenants such as Beach and Barn and Craftspace, who fit in great with the downtown community and prefer this location over a large industrial park,” Thorpe said.

The Bottle Works Building also provides warehouse space for some of Wilmington’s premiere production companies. Parastream is delighted to offer space for companies that support the local film industry.

Monteith Construction Corp. and BMH Architects are wrapping up the initial capital improvements to the Bottle Works Building over the next couple of weeks.

“I could not be more proud of the efforts of our project team, which includes Monteith, BMH, Sims Engineering, and Woods Engineering. Through this effort, vision, and creativity, we have succeeded in restoring and preserving this unique piece of Wilmington real estate as a place where a diverse group of businesses can thrive,” Hewitt said.

Currently, the Bottle Works Building is over 70% leased. There are a few sections that are still available, including retail storefronts as well as some warehouse spaces.

With the upcoming completion of the Bottle Works Building, Parastream is now getting started on construction across the street at 1002 Princess St. This will be the future home of Bowstring Brewyard, which is expanding its brand in Wilmington from its first location in Raleigh.

Kolby Bass

Kolby Bass

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