Category: Residential 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…

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…

The U.S. Department of Energy (DOE) has awarded Insight Homes, based in Bridgeville, Delaware, this year’s Housing Innovation Award (HIA). “Housing Innovation Award winners represent the top 1% of builders across the country who successfully demonstrate they can meet the federal government’s most rigorous specifications for high-performance homes,” said Sam Rashkin, chief architect at DOE’s Building…

The Buccini/Pollin Group, Inc. (BPG) today announced the grand opening date of the The Residences at Mid-town Park. The ribbon cutting ceremony will be held this Thursday in the outdoor courtyard of the new Stitch House Brewery on Market Street. The $75 million development includes 200 apartments between two buildings and an underground parking garage…

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…

Montchanin Builders on Monday held a groundbreaking ceremony for its latest residential development in Wilmington. Mayor Mike Purzycki joined Montchanin partners Don Robitzer, Tony Ruggio and Tim Jones to commemorate the construction of 32 luxury town homes on the former site of the historic Bancroft Mills. Opened in 1831, Bancroft Mills was the largest cotton finishing mill…

A $1.75 million home at 93 Wedgewood Road in Newark — the first property in Delaware to accept Bitcoins as a form of payment — has sold, according to a Facebook post by Michael Kelczewski, a real estate broker for Sotheby’s International Realty. The house sits on a 4.2-acre property and boasts amenities such as a…

Westward shift expands beach market into Sussex County

By Pam George Special to Delaware Business Times In the 1980s, Mary Ann Benyo and her partner wanted to open a bed-and-breakfast in Lewes or Rehoboth Beach. They met with a real estate agent, who gave them a reality check. “We saw the prices of the properties, and said, ‘Oh,’” Benyo recalled. The agent suggested…

By Ken Mammarella Special to Delaware Business Times Three dates highlight the storied history of the Crooked Billet Estate in Greenville: 1682 (construction of the first home), 1777 (George Washington visited there) and 1864 (the du Ponts purchased it). This year marks another watershed year for the sprawling 28-acre property. Crooked Billet LLC, a subsidiary…