Coastal Zone reform act clears way for redevelopment of General Chemical property

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A development company will move forward with projects at the former General Chemical plant in Claymont following the signing of a bill that allows such projects under the Coastal Zone Act.

D2 Management announced that the company, through its affiliate Drawbridge Claymont, LLC, to launch the redevelopment of site, one of 14 industrial areas impacted by the legislation.

The bill signing ceremony included remarks from Keith J. Delaney, president, D2 Management; State Rep. Ed Osienski, D-Newark, who authored the bill; State Sen. Bryan Townsend, D-Newark, the bill’s lead sponsor in the Senate; andShawn Garvin, Secretary of the Department of Natural Resources and Environmental Control. (Video below courtesy of House Democratic Caucus)

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The legislation clears the way for redevelopment of 14 industrial sites.

“At D2, we’ve always known the site had great potential but we needed this legislation to attract larger industrial tenants,” saidKeith Delaney, president, D2 Management. “The passage of this bill is a transformative first step toward revitalizing Delaware’s manufacturing industry and creating many new construction and permanent jobs in the region. We thank the governor and the legislators for their tremendous vision and support.”

Originally built in 1915, the General Chemical Corporation site was expanded and modernized through 1980. The site was officially closed in November 2003. In November 2015, D2 Management, through an affiliate, acquired the entire 71 acre-plus acre Chemtrade property, which includes a freight rail road and a 750 foot pier/docking facility with four mooring dolphins.

D2 Management plans to resume the property’s use for heavy industry, with construction already underway at parts of the site.
In May 2017, D2 began construction on a 13 acre railyard for Braskem America, the largest petrochemical company in the Americas. The yard serves their plant in Marcus Hook, PA.

“We’re thrilled with the level of response we have received already from potential tenants and we will begin an aggressive marketing campaign immediately,” Delaney stated.

For more information, please visitwww.d2mgmt.net.

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