Category: Residential Real Estate

The Wilmington Department of Licenses and Inspections has recommended that the City adopt the revised I.C.C. (International Code Council) 2018 code series, the latest version of a set of building code standards affecting residential and commercial properties. The International Code Council, an association with 64,000 members, updates the I.C.C. building codes every three years to…

The Delaware State Housing Authority has selected 12 downtown revitalization projects in Milford, Smyrna and Wilmington to receive $5.5 million in rebates aimed at leveraging $103 million in total investment. The Downtown Development Districts (DDD) program was launched in 2014 to help draw investment to under served commercial business districts. Over the past four years,…

A redevelopment project underway in Northeast Wilmington’s Riverside neighborhood has scored the highest among five Delaware organizations applying for $10,000,000 in Low Income Housing Tax Credits (LIHTC) from the Delaware State Housing Authority. The project is a partnership between the nonprofit REACH, the Wilmington Housing Authority and developer Pennrose LLC. The group will direct $10…

Guaranteed Rate, one of the largest retail mortgage lenders in the nation, has opened a new office in Newark, Delaware with 14 loan originators. The new office expands the company’s existing presence on the East Coast, including the Washington D.C., Baltimore, Philadelphia and New Jersey markets. “It’s exciting to see such an accomplished group of…

The number of residential building permits is on the rise in Cecil County. Cecil County’s Office of Land Use and Development Services (LUDS) has already issued 160 residential building permits (which includes single family homes, apartments and townhomes) so far this year. That brings the 2019 total to 320 permits, compared to 191 the prior…

Huge multi-use project underway at Claymont steel-mill site

By Ken Mammarella Contributing Writer One of Delaware’s biggest redevelopment projects is quietly moving forward in Claymont. Plans for First State Crossing have evolved significantly since the Commercial Development Co. (CDC) of St. Louis bought the former Evraz steel mill in 2015. The latest concept includes 3.75 million square feet of new construction, breaking down…

Gov. John Carney and Delaware State Housing Authority (DSHA) Director Anas Ben Addi announced the launch of a new homeownership program for recent college graduates at an event recognizing Homeownership Month. The new program, Homes for Grads, will offer discounted rates on DSHA’s down payment assistance loans for homebuyers who have graduated college with a…

The Lighthouse Cove Development Company has completed the replenishment of a section of beach along Rehoboth Bay in Dewey Beach. The effort was part of a mixed-use project by Harvey Hanna & Associates to redevelop a stretch of waterfront into a mixed-use community with public beach access. The Lighthouse Cove development includes an ADA-compliant public Baywalk, a…

By Ken Mammarella Some important numbers were announced on June 4 for the planned revitalization of the 800 block of W. Ninth St., part of Wilmington’s Trinity Vicinity historic district. Development costs for six major renovations and three new town homes will top $2 million, with renovations expected to be completed by March and construction…

The Delaware Mortgage Bankers Association on June 6 will host a renowned economic analyst to share his research on the current residential housing market. Andres Carbacho-Burgos, PhD, is a director and head housing economist at Moody’s Analytics, a global provider of financial intelligence. He will provide insights on the local and regional market for both…