Category: Residential Real Estate

Delawareans looking for a piece of coastal living are leading a buying spree in Lewes. A new 423-home community called Governors, developed by Jack Lingo Asset Management with construction by the Schell Brothers, has sold 110 homes since launching sales in June 2018. Schell Brothers Community Sales Manager Adam Pettengell says the lack of residential…

Bayside, a mixed-use coastal resort community in Selbyville, was named the community of the year in the 2018 Best in American Living Awards (BALA) by the National Association of Home Builders (NAHB). Replete with a marketplace, restaurant and recreational facilities, the Fenwick Island resort also won the best mixed-use community award. “Bayside has won several…

Gov. John Carney and the Delaware State Housing Authority (DSHA) on Thursday announced that eight new downtown revitalization projects in Milford, Dover and Wilmington will receive $4.6 million in rebate funding through Delaware’s Downtown Development Districts (DDD) program. Established in May 2014, the DDD program was created to spur private capital investment in commercial business…

Brad Riedle, a Realtor with Keller Williams Realty, has been installed as the 2019 president of the 4,000-member Delaware Association of Realtors (DAR). The event took place January 11 at Victoria’s Restaurant at the Boardwalk Plaza Hotel in Rehoboth Beach, Delaware, and included the installation of the organization’s 2019 officers and directors. As president, Riedle…

The D2 Organization received Preliminary Plan Approval from the Sussex County Planning & Zoning Commission for a subdivision along New Road in Lewes, DE. The subdivision, known as Tower Hill, will include 292 single-family units on the 134-acre parcel. D2 is acquiring the property from the Groome United Methodist Church. Church officials plan to use…

In residential real estate, boomers still own the home market

By Kathy Canavan Special to Delaware Business Times When baby boomers who answered a recent national housing survey were asked when they planned to move out of their homes, 61 percent replied “never.” Boomers own 32 percent of Delaware’s owner-occupied homes. With boomers aging in place and the Gen X and millennial generations both shopping…

Quaker Hill celebrates its past and future

By Christine Facciolo Special to Delaware Business Times Bayard Marin likes to draw comparisons between himself and Founding Father John Dickinson. Both boast connections to London’s Middle Temple. Both have a scholarly interest in the concept of due process and the administration of justice. And both spend a lot of time in Quaker Hill: Marin…