How Wilmington's developers are revitalizing the city - Technical.ly Delaware

Civic

May 19, 2015 11:00 am

How Wilmington’s developers are revitalizing the city

There is 1.32 million square feet of vacant office space in Wilmington. Here's how a few key developers aim to change that.

Wilmington's financial district.

(Photo by Flickr user Michel G., used under a Creative Commons license)

Expensive parking options, high crime rates and vacant office spaces are but a few of the blaring blemishes on the face of downtown Wilmington. A few of the city’s major developers are trying to flip that image on its head.

Developer Paul McConnell, as the Delaware Business Times reports, wants to lure University of Delaware into the city. “Once you have the university here as an active presence, then the jobs are going to come and the kids are going to come,” McConnell told the Business Times.

Read the full story

One major change, and one that seems to be on the forefront of most developers’ agendas, is a plan to repurpose the city’s Class B office space. In particular, this is happening with the rebranding of the Hercules building as an innovation center and the Beneficial Bank building’s transition to a fancy new hotel.

Additionally, the Market Street innovation cluster is continuing to expand. Without a doubt, there’s a lot a work ahead, but the city is indeed on the rise.

-30-
JOIN THE COMMUNITY, BECOME A MEMBER
Already a member? Sign in here

Advertisement

Take a stroll down memory lane (on the Wilmington Riverfront)

There’s a construction boom happening in the Cape Region

Here’s how Wilmington fits into the Greater Philly office space market

SPONSORED

Delaware

Learn to lead digital transformation at Phorum 2019

Philadelphia

Technically Media

Technical.ly Editorial Intern

Apply Now
Malvern, PA

Vanguard

Senior Front End Engineer – CX Journey Lab

Apply Now
Kennett Square, PA

Chatham Financial

Senior Product Designer

Apply Now

#ItsTimeWilmDE campaign spotlights a diverse style of urban revitalization

Wilmington Renaissance Corp. seeks managing director

Check out the teaser for DeTv’s new series ‘Your Wilmington’

SPONSORED

Delaware

Pitch to speak at Comcast Labs Connect’s data security conference

Kennett Square, PA

Chatham Financial

Software Developer in Test

Apply Now
Kennett Square, PA

Chatham Financial

Junior Full Stack Software Developer

Apply Now
Wilmington

JP Morgan Chase

Java Full Stack Software Engineer

Apply Now

Sign-up for daily news updates from Technical.ly Delaware

Do NOT follow this link or you will be banned from the site!