Category: Commercial Real Estate

The promise and peril of Fort DuPont

By Dan Linehan Special to Delaware Business Times After more than four years of planning, construction will begin in the coming months on the first new homes at the Fort DuPont Complex in Delaware City. It’ll be the latest and most concrete sign of what developers are hoping will be a massive redevelopment project along…

Q&A: Sean Healy on construction, skyscrapers and laser scanners

Sean Healy is vice president of Healy Long & Jevin, a fourth-generation family construction business based in Wilmington that began in 1891. The company is constructing a 19-story high-rise apartment building for a private developer next to the Temple University campus in North Philadelphia. It is currently adding a new floor to the cast-in-place concrete…

Market Street revival in Wilmington picks up pace

By Christine Facciolo Special to Delaware Business Times There’s a saying: Miss a day, miss a lot. If you haven’t walked down Market Street in awhile, you may be surprised at just how quickly things can change. Downtown Wilmington has been on the upswing for years. But over the past several months, a steady clip…

By Kathy Canavan Special to Delaware Business Times Wills Elliman, senior managing director of the Wilmington office of Newmark Knight Frank, a commercial real estate advisory firm, spoke with Delaware Business Times about office vacancies, leasing for the next phase of the STAR Campus and the desirability of North Wilmington for commercial tenants. 1. The…

By Ken Mammarella  Special to Delaware Business Times The Delaware Blue Coats on Wednesday joined local officials for the groundbreaking of the 76ers Fieldhouse on the Wilmington Riverfront. The sports complex and training facility will host the Blue Coats and serve as a venue for amateur sports teams, concerts and graduation ceremonies. Michael Hare, executive…

With new construction nearing completion, The Buccini/Pollin Group has rebranded the Concord Plaza office park at 3535 Silverside Road. The formerly underused commercial property is now called The Concord, a planned mixed-use community with 341 apartments, high-end restaurants and office space. New developments include four five-story and two four-story buildings and a new 60,000-square foot office building. Phase…

The Commonwealth Group today announced plans to develop The Delaware Center for Health and Wellness, a 40,000-square-foot medical office building at 620 Churchmans Road. The project is slated for completion in August. The building will feature a energy efficient building envelope, LED lighting and high-end Class A finishes. Lead tenants include The Birth Center of…

State’s top 10 real estate deals in 2018

DuPont Country Club, a roadside attraction and two Greenville shopping centers were among the 10 priciest real estate deals in the first half of 2018, according to CBRE. Many of the out-of-state buyers and international investors who visited Delaware to size up the market asked if there were more properties available, one real estate expert…

Harvey, Hanna & Associates is holding a public meeting on June 12 to discuss its redevelopment plans for the former GM plant on Boxwood Road. The Newport-based developer has expressed a commitment to communicating with the public about the impact of the project on the community. Representatives of Harvey Hanna, Apex Engineering and the state…