Villas of Little Italy
The City of Wilmington, the Wilmington Housing Partnership and Little Italy Neighborhood Association announced the Villas of Little Italy project, a new homeownership project to strengthen and stabilize Wilmington's Little Italy community.
Eight townhouses are being developed, two are complete on the site of the former DiNardo's Crab House Restaurant near 5th and Lincoln Streets, and the rest will be on a piece of land directly across Lincoln Street from the former restaurant, once the site of another popular Little Italy establishment called Zappaterrini Bakery.
The Villas of "Little Italy" feature three bedroom, two-and-a-half bath, energy efficient homes using a brick facade design and featuring air conditioning and off-street parking.
The six homes on the east side of Lincoln Street will be surrounded by a landscaped courtyard setting. The former Dinardo's restaurant has been gutted and redesigned as two townhouses fronting the west side of Lincoln Street.
The newly constructed homes are priced to sell for up to $250,000.
Market Street Initiative
The Buccini/Pollin Group recently launched plans to develop several buildings along Market Street; making a total development commitment thus far of over $170 million.
BPG has to date acquired about 28 buildings along Market Street valued at over $29 million, noting. Market Street corridor is a crucial connector of the City's Christina Riverfront and the Central Business District - areas in which BPG has also helped develop with projects such as the one-of-a-kind River Tower at Christina Landing and 500 Delaware Avenue, Wilmington's premier office address for corporate professionals.
The Market Street initiative has a goal of creating 136 new hotel rooms, 200 new residential units, 106,388 square feet of retail space and 36,133 square feet of additional commercial space.
Some of the initial highlights of the Market Street Initiative include:
Renovation of the historic Queen Theater at 5th and Market Streets as a new live entertainment venue;
an ultra modern aloftsm by Starwood Hotels & Resorts Worldwide, Inc. in the former WSFS Bank headquarters at 9th and Market Streets;
adding an additional floor to the Happy Harry's Building at 9th and Market to create 23 new apartments;
converting the former China Palace Restaurant in the 800 block of Market Street into six apartments on the top two floors and retail space on the ground floor;
rehabbing the former 4W5 Cafe at 5th and Market Streets into a 12-apartment complex with retail on the ground floor;
and converting the former Cafe Caribe at 823 Market into four apartments with retail space at the ground level
BPG hopes to complete a majority of its Market Street redevelopment projects in about 18 to 24 months.
9th Street Fashion District
Preservation Initiatives and Will Minster of Minster Jewelers are working to redevelop 216-222 Ninth Street into a Fashion District.
The 20,000 square foot project is anchored by Minster Jewelers and is slated to become a fashion destination.
9th Street Plaza
The 300 block of Ninth Street was Preservation Initiatives' first investment in Wilmington. The mixed use project consists of nine storefronts below 4,000 square feet of small office space.
In conjunction with the 9th Street Fashion District project, the area will become a vibrant, diverse commercial district.
Justison Landing is located on the riverfront and is the largest development project in the City of Wilmington since World War II.
The upscale living will include street level retail and amentities. The Buccini-Pollin Group's $500 million Justison Landing project involves the development of five parcels of land totaling approximately 11 acres and the construction of 260 condominiums, 50 townhouses, 184 loft units, 196 apartments, 98,000 square feet of retail space, and 300,000 square feet of commercial space.
Construction began in the spring of 2006 and the progress is seen each day as the buildings are more and more complete.
The Buccini/Pollin Group
The Lippincott is a Preservation Initiatives project at 300 to 318 N. Market Street. The 50,000 square foot mixed use project contains 35,000 square feet of commercial space upstairs and 15,000 square feet of retail space at street level.
There properties were the site of Wilmington's popular Lippincott & Co. Department store in the early 20th century.
One of Wilmington's historic downtown buildings, known through the years because of the companies and organizations that occupied it, will soon become an artist loft apartment complex known as 'Shipley Lofts,' part of the new trend toward downtown living and recreation.
The property at 701 Shipley Street had been owned by Sts. Andrew and Matthew for at least 10 years until it was transferred recently to the Shipley Village Community Development Corporation, the community development arm of the Church.
When completed, Shipley Lofts will contain 23 loft apartments, each equaling 886 square feet. Each unit will have a studio/living room area, fully-equipped kitchen and bathroom. The building will also feature a first floor gallery for art shows and displays, for both residents and artists from the local community.
Visual and performing artists are the target population for the building, although occupancy is open to everyone. The monthly rent for a loft apartment is expected to range between $650 and $750.
LoMa Design District
In 2007, developers such as Preservation Initiatives, The Commonwealth Group and The Buccini/Pollin Group as well as existing businesses in the lower end of Market Street and the Wilmington Renaissance Corporation (WRC) all came together to create a concept for the area.
Since many of the businesses in the area formerly known as Ships Tavern District already had creative roots, it seemed like an organic progression to try to create a large creative community in the area.
Thus LOMA (for Lower market) was born. The idea is to connect creativity to commerce and actively recruit creative retail and individuals to live and work in the area.
The boundaries of the district are from Martin Luther King Boulevard to 6th Street.
The first group to move to LoMa to be a part of the creative design district was The Archer Group and they continue to play an integral role in the process.
The LOMA group holds information sessions with an audience of targeted prospects and showcased the area as well as shared the idea of LOMA.
LOMA was founded with a passionate pursuit of the following characteristics which we feel are critical to creating a vibrant, creative community in downtown Wilmington from 2nd Street to 6th Street.
District becomes a magnet for our region's "Creative Class" of professionals.
Density of quality design specialists brings cache to the LOMA address;
Street activity bustles day and night with outdoor dining and conversation;
All are welcome; diversity of self-expression and of ideas is encouraged; spirit of citizenship prevails.
In the spring, LOMA will welcome the eatery The Rebel and Greener Cleaner Plus, environmentally friendly dry cleaners. Also, Al's Sporting Goods will move into its new home on the street level of the Ships Tavern Garage.
The Renaissance Centre has been completed and currently houses the law firm McCarter English and soon-to-be home to AIG Insurance.
The building contains office space, a parking garage, and the renovation of historical buildings to be used for commercial, residential and office space.
The project encompasses the entire block from Fourth to Fifth Streets, King to Market Streets and is being developed by The Commonwealth Group.
The Dry Goods
The Dry Goods is a Preservation Initiatives project at 400 to 426 N. Market Street. The 25,000 square foot project will create 8,000 square feet of small office space, 13 rental apartments and 6,000 square feet of retail space.
Former home to The Wilmington Dry Goods Co., the rear portion of the buildings had to be demolished to make way for the adjacent office tower and underground parking garage. To make use of the remaining fabric; P.I. is restoring the building facades and cantilevering upper floor extensions at the neighboring Renaissance Centre parking deck.
The City, the State, and the local community are working on a plan to make significant developments to South Wilmington. The Special Area Management Plan should be complete shortly.
The first phase of the plan works on assisting the neighborhood of Southbridge and addresses issues such as economic development, land use, housing, education, community facilities, streets, traffic, public safety, environment, open space and recreation.