Renovation work is nearing completion on Courthouse Square, the former Alico building .
The 160,000-square-foot building on King Street in downtown Wilmington is the longtime home of an insurance company that is now part of Met Life. Met Life continues to lease space in the building. About 110, 500 square feet is available.
Met Life acquired the life insurer and long-time Wilmington employer, which fell victim to the financial crisis of 2008 and 2009. The company still owns of the building and is paying for the makeover.
“Courthouse Square is being renovated to attract companies looking for a location next to the New Castle County Courthouse and within close proximity to the Amtrak Station,” said John Kaczowka senior vice president CBRE, leasing agent for the building. “When completed it will have many amenities including a large conference center on the 10th floor with dramatic views of the city of Wilmington, a fitness center on the lobby level and a café with outdoor seating.”
Architect is Tevebaugh Associates of Wilmington The contractor is Wohlsen Construction, which has an office in New Castle.
The Courthouse Square reflects the building’s location near the New Castle County Courthouse, home of Chancery and other courts.
The building comes with access to city-owned parking structures an advantage in the auto-driven downtown Wilmington market.
The 10-story high rise is also near the Double Tree hotel and the Lower Market Street area, which is seeing a continued turnaround. Kaczowka listed the following upgrades that are part of the $10 million project.
– New lobby that includes a two story glass atrium that will be added to the front of the building.
– All new elevators including all new mechanical components. New elevator cab finishes.
– Complete overall of the heating and air conditioning system
– Exterior façade upgrades. You can see new panels are being added to replace old panels.
– Exterior Plaza area will receive upgrades in landscaping. Exterior seating will be added along the side of the building.
– All new elevator lobbies throughout the building.
– A conference center will be added on the top floor of the building.
Regus opens new office center
Regus, has opened a new center in Newark located at 200 Continental Drive within the Christiana Corporate Center.
“Newark is the ideal location for Regus’ new space,” noted Maria Paitchel, Regus’ Regional Vice President. “The abundance of start-ups, small businesses and entrepreneurs using our space and services has created a thriving community where our customers have the opportunity to connect with other like-minded professionals and do their best work.”
In addition to a vibrant start-up scene, the area is known as a major hub for the financial, credit and insurance industries, a release noted.
Regus’ new space is minutes from 1-95. and convenient to major cities, including, Philadelphia, Baltimore and New York. The area is also connected by rail with Amtrak and SEPTA servicing the area. Regus also operates a location in Wilmington so clients have access to a downtown location.
Regus offers workspaces for businesses of any size – both large and small. Fully furnished offices, meeting rooms, business lounges and community spaces are available for any amount of time.
A receptionist, administrative team and tech support are standard services in each center. Regus’ Businessworld memberships provide access to the company’s 1,200 drop-in business lounges, offering complimentary WiFi along with coffee and tea.
