Category: Residential Real Estate

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…

This is the fourth in a series of columns on the winning ideas at the Pete DuPont Freedom Foundation’s Reinventing Delaware 2018 competition in early December. By Joel Amin Jr.  We — Bryce Fender, Demetrius Thorn and myself — envision a future where families experiencing homelessness are provided with stable housing and intensive social services…

The Delaware State Housing Authority’s (DSHA) Strong Neighborhoods Housing Fund will distribute $3.2 million to seven projects across the state to address vacant, abandoned or foreclosed properties. The fund supports community development, addresses crime and transform neighborhoods that are experiencing blight or other forms of stress. Through the program, abandoned properties are removed, renovated or replaced and…

Michael Kelczewski of Sotheby’s International Realty drew headlines in 2018 for accepting Bitcoins as a form of payment on a $1.75 million property in Newark. Now the Delaware-based real estate broker is using block chain technology to increase transparency in the property sales process. Kelczewski is using the open-source block chain network Ethereum to post…

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…