Category: Retailing and Restaurants

Exclusive: N.Y. firm acquired Concord Mall before foreclosure

WILMINGTON – While reports about the Concord Mall’s change in ownership earlier this month painted a picture of “business as usual,” the reality is a bit bleaker, according to a Delaware Business Times review of county land records and media reports. The mall wasn’t so much sold as forfeited, as its owner, Concord Mall LP…

Concord Mall sold, buyer may be N.Y. firm

WILMINGTON – The Concord Mall is changing hands after its longtime owner announced that it has been sold, according to a Friday afternoon announcement. The new owner of the shopping mall located at 4737 Concord Pike was not identified in the release, nor was a reason given for the sale by Delaware-based Allied Properties, which…

Dover Pier 1 location to close

DOVER – The U.S. 13 location of Pier 1 Imports is on the chopping block after it was removed from the company’s website of store locations this week. The home furnishings and décor retailer announced Jan. 6 that it would close up to 450 storefronts as it deals with continued poor financials. On Thursday, Jan.…

Popular Mexican restaurant Agave coming to Middletown

MIDDLETOWN – The popular Lewes-based Agave Tequila Bar and Restaurant will be trekking north to open its third location, according to its owner. The Middletown Town Council approved a major land development plan Dec. 2 that will build a nearly 10,000-square-foot restaurant near the Hedgelawn Plaza off Middletown Warwick Road, right in the heart of…

Green Room to become neo-brasserie Le Cavalier

WILMINGTON – The Hotel Du Pont’s famed Green Room restaurant will become a new French brasserie named Le Cavalier at the Green Room this spring, officials announced Jan. 15. The project is a joint venture by Buccini/Pollin Group (BPG), PM Hotel Group and chef-partner Tyler Akin, of Stock and Res Ipsa Café fame in Philadelphia.…

Ernest & Scott Taproom to close, reopen as duckpin hall Wilma’s

WILMINGTON – Ernest & Scott Taproom will close Friday, Jan. 10, and reopen in the fall as a new recreation hall known as Wilma’s, featuring a duckpin bowling alley and pinball arcade. The changes were announced Wednesday, Jan. 8, by Wilmington-based real estate developer and management firm Buccini/Pollin Group, which owns the nearly 100-year-old former…

Retail apocalypse? Much the opposite, experts say

Economic Forecast: Retail WILMINGTON – It’s no secret that the prevalence of e-commerce has disrupted the retail industry, helping to kill off longtime brands like Borders, Toys “R” Us, Payless and A.C. Moore in recent years. But that narrative of the so-called “retail apocalypse” – a term found in more than 45,000 Google News stories…