Month: May 2015

Tipping point: Developers are placing multimillion dollar bets on the central business district

By Kathy Canavan After less than a year on Kirkwood Highway, Pat Gioffre moved his commercial realty business back to the city. “All the players are here,” he said. “There are a lot of successful people who are downtown on a daily basis,” Gioffre said, “whether they’re visiting their bankers, their investment advisers, their lawyers.”…

Commercial projects downstate range from hotels to a tech park

By Christi Milligan During the next 18 months, shops, hotels, restaurants, apartments and a technology park will be the outgrowth of commercial development in Delaware towns from Newark to Seaford. Dover When the City of Dover received a Downtown Development District designation grant totaling $165,000, Bill Neaton said it generated a flurry of activity. “We…

A sampling of what’s for sale in the First State

Gateway Property (former site of O’Friel’s Irish Pub) Location: Intersection of Delaware Avenue and W. Eleventh Street, Wilmington Asking price: $950,000 Size: 4,540 square feet Price per square foot: $209.25 Setting: Seated on triangular fenced tract at the corner of Delaware Avenue and W. Eleventh Street, at the northern entrance to the business district. Features:…

Hedwin to bring 154 manufacturing jobs to Newark

By Christi Milligan Hedwin Division of Zacros America Inc., maker of industrial containers and liners, will relocate its Baltimore-based operations to Newark’s Pencader Corporate Center in a move that will generate 154 local jobs. The company was awarded a Strategic Fund Performance grant and a Capital Expenditure grant of $703,505 from the Delaware Economic Development…