Emory Hill News

Downtown Wilmington Office Building Sold to Hotel Owner

March 2, 2015
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DSC_1060An 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.

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NAI Emory Hill Sells Wilmington Warehouse, to Be Converted to Apartments

March 2, 2015
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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.Photo 8


Emory Hill & Company Wins 3 ABC Awards!

November 25, 2014
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Congratulations to Emory Hill & Company for winning three 2014 ABC Delaware Awards for the Seeds of Greatness Bible Church and the Ferris School Juvenile Multi-Purpose facilty! Pictured : 1) l to r: Emory Hill’s Ken Robertson and Chris Sturm and Toren Williams of Architectural Alliance receive the Merit Award from ABC Delaware Chairman Paul Langan for Seeds of Greatness; 2) l to r: Paul Langan presents Merit Award to Emory Hill’s Frank Tier and architect Maureen Rozanski of BSA&A for Ferris School project; 3) l to r: Paul Langan presents Green Building Award to Emory Hill Construction Director Bob Liberato and Maureen Rozasnki for Ferris facility which is seeking LEED Gold certification. See More

 


Emory Hill Welcomes Joe Fonash!

August 15, 2013
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Emory Hill Real Estate Services, Inc. is pleased to announce that Joseph Fonash has joined the firm as a new commercial property manager. Before joining Emory Hill, Joe worked as a property manager for SSH Management, LLC in Philadelphia, where he managed a portfolio of commercial, residential, retail and mixed-use buildings. Prior to SSH Management, LLC, Joe started his career with Ironstone Strategic Capital Partners as a Residential Property Manager and Leasing Agent.  Joe’s responsibilities will include managing office, industrial and retail properties. He holds a Pennsylvania Real Estate License and is active in his Philadelphia neighborhood of Fishtown, working with local councilmen, businesses and developers in engaging the community with events, changes and development.  He is a graduate of Temple University where he earned a Bachelor of Arts Degree in English. Welcome Joe!

Joe Fonash

Joe Fonash

 


Emory Hill Welcomes New CFO

May 23, 2013
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Emory Hill Companies is pleased to announce that Steve Endres has joined the firm as the new Chief Financial Officer.Steve has more than 25 years of experience as a Certified Public Accountant including working for Ernst & Young in Baltimore and the past 15 years as a CFO/Controller for real estate businesses including Mid-Atlantic Properties, Inc., Nottingham Properties, Inc., and the James F. Knott Realty Group. His responsibilities will include overseeing all accounting functions of the firm, overseeing the accounting staff, working with the various department heads on budgets and operations, procurement and establishing and maintaining relationships with banking institutions and outside accountants. Steve is a graduate of the University of Baltimore where he earned his Bachelor of Science in Business Administration. He is a member of the American Institute of Certified Public Accountants.

 Steve Endres


Bob Hill Wins 2012 DCA “Dickie” Award!

October 31, 2012
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Bob Hill, President of Emory Hill & Company, was presented with the 2012 Richard P. DiSabatino Sr. Award by the Delaware Contractors Association (DCA) at its 43rd Annual Meeting at the Chase Center on the Riverfront. Known affectionately as the “Dickie Award,” the honor was established 14 years ago by the DCA Executive Committee to annually honor the individual who has worked most diligently on behalf of the DCA during the past year. “This year’s recipient has been extremely active with the association,” said Rick DiSabatino, who presented the award on behalf of the DCA.  Bob “has worked tirelessly for DCA this past year and has served with great dedication while providing valuable insight into issues affecting the industry,” and “has not only been supportive of the association, but our industry as a whole.” Bob Hill is a Past President of DCA and is actively involved on the Finance, Nominating and Government Affairs Committees, the Civic Affairs Construction Council (PAC) and regularly attends DCA Board and Executive Committee meetings.