Cape Fear Commercial adds construction division, led by industry veteran | WilmingtonBiz – Greater Wilmington Business Journal


A Wilmington-based mostly enterprise exact property agency has added a enchancment division, led by an enterprise veteran.

David Novotny, a specialist in enchancment operations with 20 yrs of expertise, joined Cape Fear Commercial to Carry out president of Cape Fear Construction Group, Based on a information launch.

Novotny will oversee The enchancment of choose multifamily enchancment tasks for a division That provides Cape Fear Commercial The power to Carry out a widespread contractor for its personal tasks, The discharge said.

The enchancment group will function alongside Cape Fear Commercial and ancompletely different CFC subsidiary, Cape Fear Development.

Cape Fear Commercial co-fobeneath Brian Eckel said Invoice Schoettelkotte, a companion in Cape Fear Development and Cape Fear Construction Group, “has been pushing us To Do this [create a enchancment division] for A minimal Of 5 yrs. After which As quickly as we had The prospect to work with David, The celebs aligned to be good timing.”

Novotny, previously of Charlotte-based mostly State Road, coordinated The event of The Reserve at Mayfaire, an house complicated that purchased for $76 million in 2021, and The Village at Mayfaire condominiums. 

He has coordinated pretty A pair of multifamily tasks from website work to completion, Based on The discharge, and “brings in depth expertise in all sides of horizontal and vertical enchancment, collectively with budgeting, scheduling, contracting and negotiations.” 

“The addition of enchancment providers to Cape Fear Commercial’s arsenal Shall be invaluable to the agency and its consumers,” Novotny said Inside The discharge. “With The complete course of beneath one roof, we understand vital efficiencies And might create optimum outcomes for our consumers.”

Cape Fear Commercial has 18 multifamily tasks, totaling Greater than 3,400 models, beneathway throughout the Southeast from Augusta, Georgia, to New Bern, The discharge said.

Eckel said Wednesday that Cape Fear Construction Group Is predicted to Deal with one To 2 CFC tasks a yr, starting by Specializing in The Proximity at New Bern.

The Proximity at New Bern is a 9-constructing, 252-unit enterprise with an amenity package deal, Novotny said, including that It is going to be a basic wooden-physique, three-story backyard-type multifamily group.

Cape Fear Commercial will nonetheless be using completely different native widespread contractors for tasks, collectively with for The Proximity at Carolina Seashore. 


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