January 23, 2018 Development
The Residences of Mid-Town Park is a Buccini/Pollin retail and apartment project in downtown Wilmington. Photo by Eric Crossan article by Kathy Canavan.
Things may be looking up in real estate and construction for 2018, depending on which county you’re sitting in. Here are things to watch for in the new year:
A mood of renewal
Functionally obsolete city buildings are being razed or repurposed, like 1300 Market, the Class B bank building that Cannon Patel transformed into a Courtyard Marriott.
“We’re so close to critical mass in the City of Wilmington, if not already there, it is a different place today than it was three years ago,” said Rick Kingery, vice president of Colliers International.
Much of that is thanks to Buccini/Pollin, the developers who have transformed dead space and defunct storefronts into homes for young techies, who will, in turn, draw labor-chasing employers to the city to snap up the tech talent.
“They should erect a statue to those two guys,” Kingery said of the Buccini/Pollin founders.
And, Buccini/Pollin’s historically sensitive do-over of the iconic 105-year-old Hotel du Pont is bringing a new excitement downtown. One example: Insiders are buzzing about plans to restore the old-time connection between the Dupont Theatre and the Brandywine Room so theater-goers can enter the restaurant through a long-closed elegant back entrance.
For more information on The Residences at Mid-town Park, visit their website.