Statewide: Eastern region, May 2014
STATEWIDE Eastern Region
Shipping exec commands ports
HAMPSTEAD — Wilmington-based Trask Land Co. plans to develop Blake Farm, a 1,300-acre mixed-use community with 2,200 residential units along U.S. 17 near here. The first phase of the 10-year project is 300 apartments and 200 single-family houses. Building will begin in the fourth quarter, pending approval of the site plan by county commissioners.
WILMINGTON — The U.S. Department of Health and Human Services selected Pharmaceutical Product Development as one of five contract-research organizations to design clinical studies for drugs and vaccines to protect people from bioterrorism, pandemics and other public-health emergencies. Depending on government demands, the contract may be worth as much as $100 million over five years.
WILMINGTON — Raleigh-based DeWitt Carolinas will build a six-story, $50 million apartment complex downtown. Pier 33 Apartments will include 300 apartments and 32,000 square feet of street-level retail space. Construction is expected to begin this fall and last 16 months.
WILSON — William Caldwell became CEO of 294-bed Wilson Medical Center April 1. He replaces Rick Hudson, who retired when the hospital joined Brentwood, Tenn.-based Duke LifePoint Healthcare on March 1. Caldwell was chief operating officer of LewisGale Medical Center, a 506-bed hospital in Salem, Va.
RED SPRINGS — Richmond, Va.-based Tredegar Corp. will close its plant here because of decreased demand. It will lay off all 53 workers by June 30. It makes polyester films used in disposable baby diapers and other household products.