There is a lot happening when it comes to real estate in Delaware, especially in Northern New Castle County including more construction of homes, multi-family units, office buildings, warehousing, institutional facilities and even retail than we have seen in many years. Several major firms including Dow-DuPont and Incyte have announced major investment plans in Delaware locations.
Several redevelopment projects are underway in Wilmington including the mixed-use project at Concord Plaza off Rte. 202 and Silverside Rd. containing apartments, retail and a new office building. Steel is going up on The Galleria, another mixed-use project of apartments and retail in the Trolley Square area. In the center of Wilmington, the parking garage for the new Mid-Town apartment complex and a new apartment building on the Riverfront at 101 Ave. of the Arts are complete, and two new hotels are being built along with a new sports facility for the Delaware Blue Coats, A Philadelphia 76”s affiliate. Further north on Concord Pike (Rte. 202) the Astra Zeneca site, renamed Avenue North by the new owner and developer, has a great deal of potential for additional office/research facilities and residential and retail components.