An iconic Wilmington office building has been sold and will be converted to a hotel by the new owner. 1300 Market Street, a seven-story building located at the corner of 13th and Market Streets in the Wilmington Central Business District, has been purchased by Canon Patel, President of Canon Hospitality Management LLC, which is based in Newark and operates hotel and hospitality properties in Delaware and Pennsylvania.
Patel said the new hotel, which will reveal its flagship brand name in the near future, will target extended stay travelers and will have about 96 total suites to include 84 studio suites and 12 one-bedroom suites. All will have full-size upscale kitchens. The hotel will also feature a two-story 3,500 SF breakfast lounge, market pantry, about 3,000 SF of meeting and flex space, a fitness center and guest laundry facilities.
“We are thrilled to be part of the downtown Wilmington community and to contribute to the local economy by providing jobs,” Patel said. “We expect to hire about 20 full-time and 15 part-time employees, and the hotel to be open for occupancy in early 2016.”
The renovation project is already underway and will also create construction jobs according to NAI Emory Hill agents Dave Morrison, CCIM and Jonathan Hickey, who brokered the transaction. The seller was Airport Business Center V LLLP of New Castle, DE.
The 67,000 square-foot office building was originally designed by noted Wilmington architect Walter Carlson in 1951. A contiguous building on 13th Street was annexed in 1984 to enhance the asset. For many years, 1300 Market Street was best known as home to the administrative offices and retail banking operation of Beneficial Bank. In recent years, it has served as a multi-tenant office building.
A warehouse building and adjacent land at 1320 Clifford Brown Walk in downtown Wilmington have been sold and will be re-purposed into an 80-unit residential development called The Lofts at Clifford Brown Walk.
The four-story, 83,000 SF building, which sits on over two acres of riverfront land along the Brandywine River, was acquired by 1320 CBW LLC. Located next door to Howard High School of Technology, the building was formerly home to Iron Mountain, Security Archives & Storage Company, and Kaumagraph Corporation.
Sasco Realty Too, Inc. was the seller and was represented by Jon Hickey of NAI Emory Hill Real Estate Services, New Castle, DE. 132O CBW LLC is an affiliate of Chatham Bay Group, a Wilmington-based development company. The buyer’s agent was Brett DiClemente of Newmark Grubb Knight Frank.
Congratulations to Clay Hill, Principal and Property Management Director at the Emory Hill Companies, for being selected by Delaware Business Times as one of the DBT 40 (Delaware Achievers & Innovators Under 40)! To read the article, click here: http://www.delawarebusinesstimes.com/our-quest-to-find-40-under-40-2/
NAI Emory Hill is pleased to announce that Jim O’Hara III has re-joined the firm as a commercial real estate agent. Jim has more than ten years of experience in commercial real estate brokerage. He joined Jim O’Hara Realty in 2003, which then merged with NAI Emory Hill in 2008, and has been active in all facets of commercial real estate, representing retail, office and industrial tenants. He returned to NAI Emory Hill after working as an account executive for Chesapeake Insurance Advisors in New Castle.
Jim is active in the community and has been involved with educational and athletic endeavors at Salesianum School and Ursuline Academy, both nationally-recognized Catholic high schools in Wilmington. He is a member of several professional organizations including the International Council of Shopping Centers (ICSC) and Commercial Industrial Realty Council (CIRC) of Delaware.
Another new, “green” Royal Farms held its ribbon cutting last week at 58 Atlantic Avenue in Ocean View, Sussex County, DE. The store is the fifth Royal Farms to be constructed by Emory Hill & Company, which has also built stores in Glasgow, Georgetown, Bear and Dover, DE and is currently constructing a sixth store near the Philadelphia Airport at Exit 8 of Interstate 95 in Ridley Park, Delaware County, Pennsylvania, scheduled to be completed by the end of this year. Several Royal Farms stores constructed by Emory Hill have been built to LEED® standards or have received LEED® certification, and all are constructed with sustainable construction. The Ocean View Royal Farms was designed and constructed in accordance with the state-of-the-art, stringent energy and water efficiency standards set forth by the U.S. Green Building Council’s LEED® rating system. The building features low flow toilets, waterless urinals, low VOC paint, energy efficient LED lighting fixtures throughout the store, and energy efficient components within the lighted beverage and food cases.
Becky has over 20 years of commercial real estate and economic development experience and has worked in all facets of site location, business recruitment and job creation efforts. Licensed in Delaware and Maryland, Becky focuses on the sales and leasing of office, industrial and retail properties. Prior to joining NAI Emory Hill, Becky worked as an agent for Coldwell Banker Commercial Amato and in business development for the Jacksonville (Florida) Regional Chamber of Commerce’s Economic Development organization. She is a graduate of the University of Florida and University of Oklahoma Economic Development Institute.
Lorraine represents local, national and international sellers, landlords, buyers and tenants with industrial, retail, land and office properties in Delaware and specializes in helping clients with the acquisition, disposition, construction and development of commercial real estate. Prior to joining NAI Emory Hill, Lorraine worked as an agent for Coldwell Banker Commercial Amato, in business development for the architectural firm, the Breckstone Group, and she owned an interior design and decorating firm for 20 years. A Delaware native, Lorraine is a graduate of the University of Delaware and serves as the current president of Delaware Real Estate Women (DREW).
Emory Hill & Company is pleased to announce that Theodore (Tab) Book and Ed Kotsay have both joined the firm as construction project managers. Tab Book will serve as a project manager and has over 30 years of experience in the construction industry. His recent projects have included a 12,000 SF building for the Army Corp of Engineers at Dover Air Force Base (a LEED Silver Project), a 200,000 SF design/build office campus in Dover, DE, Southside Family Practice, Dynamic Physical Therapy, Wells Fargo and many more. Ed Kotsay will serve as an estimator and project manager and has more than twenty years of experience in the construction industry in both areas. Prior to joining Emory Hill, he worked for several firms in New Jersey and Pennsylvania including Keating Building Corporation, Skanska USA and Tri-State Design Construction.
At the ribbon cutting of its newest store built by Emory Hill & Company in Bear, Delaware, Royal Farms revealed its “Fryer to Fuel” program which converts chicken oil into diesel fuel, raising the bar still higher for the convenience store chain when it comes to environmentally friendly practices. Royal Farms is the state’s leading retail chain when it comes to having the most stores built to LEED standards and/or certification. Emory Hill & Company was the general contractor on the Bear store, which is seeking LEED certification as well as those in Glasgow, Georgetown and Dover which were also built to LEED standards and/or certification. Emory Hill was also recently awarded a contract to build the next store to be built in Ocean View.
Delaware Governor Jack Markell was on hand December 12 for a ribbon cutting ceremony to officially open the Department’s new Juvenile Multi-Purpose Education Facility at the Ferris School for Boys just outside Wilmington. The facility was constructed by Emory Hill & Company for the Delaware Children’s Department, which is seeking LEED Gold certification. The $5 million dollar facility was funded as a result of the Capital Budget process through the Building Delaware’s Future Now Funding. The 14,000 SF state-of-the-art building which sits on the Agency’s administrative campus near Newport will be the new educational home for youth who are committed to the Department’s Level IV Residential Cottages. The building was designed in accordance with Governor Markell’s EO 18 to design new state buildings to be LEED certified. The Department is pursuing Gold level LEED certification by mid-2014.