Category: Residential Real Estate

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…

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…