Contact Us For A Consultation
302-644-7181 Lewes
302-697-4900 Camden

Downtown Wilmington to see more real estate growth

The economic growth that downtown Wilmington has experienced with the recent real estate boom is continuing. In an announcement given by the Buccini Pollin, a real estate development group, more apartments are slated to be built along the city’s riverfront.  The new project is part of an overall plan to bring a “critical mass” to the area to further stimulate growth and make the district a “24-hour vibrant community” as described by Marty Hagemen, executive director of Downtown Visions.  

Three construction projects are slated to begin soon; a $7.5 million, four story building that will house 46 units, a $6 million, five story building that will have 28 units and a cluster of multi-story buildings that will have a total of 77 units that will cost $16 million. The projects are anticipated to house residents of mixed incomes, including teachers who will likely teach at the surrounding charter schools. Currently, about 2,000 people live in the nearby area. When the projects are completed, it is anticipated that as many as 10,000 will call the area home.

While the promise of economic vitality is certainly a benefit, the initiation of the projects are examples of the work that commercial real estate attorneys complete in securing property, obtaining approval of specific permits, defending and addressing zoning issues, and assisting with financing questions.

In the meantime, the projects are slated to begin soon, although no solid start date was given in the report provided by delawareonline.com. Nevertheless, developers and city officials believe that the respective projects represent a long term investment into the city.

Source: Delawareonline.com “New apartments coming to downtown Wilmington,” Yann Raviano, June 12, 2014

No Comments

Leave a comment
Comment Information

What Our Clients Say About Us…

My wife and I would like to take this opportunity to highly recommend the legal practice of Bonnie Benson and her very professional staff… Bonnie and her staff are organized, engaged in the client's case and they communicate effectively.

Read More
Latest Blogs
Get The Help Now

Need Answers Now? Contact Us Immediately

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

your success. our commitment. elder counsel excellence in elder law  and special needs state bar delaware association

Camden Office
306 East Camden Wyoming Avenue
Camden, DE 19934

Phone: 302-697-4900
Fax: 302-697-4901
Camden Law Office Map

Lewes Office
33718 B Wescoats Road
Lewes, DE 19958

Phone: 302-644-7181
Fax: 302-644-7182
Lewes Law Office Map

We Accept visa mastercard discover network
Review Us