Mayor Dennis P. Williams Monday listed $367.3 million in private investment currently underway in Wilmington.
That adds up to a private investment of $694.7 million since 2013. In addition, Willams also cited $189 million of public investment since 2013, raising the combined total of public and private investment since 2013 to $883.7 million.
“These development projects are all evidence that the environment for doing business in Wilmington and developing in our city, is strong and making a significant difference in our city’s physical landscape and overall economic condition,” Williams stated. “We have made it a priority to build on those development activities, encourage further development, streamline our governmental services to enhance the development environment and emphasize that Wilmington is getting stronger and also an excellent location for investment and development.”
Williams -n who is facing a tough battle for re-election and continued questions over his management of the city – cited $269.5 million invested in market rate residential projects; $260 million in institutional projects; $90.6 million iin affordable housing projects; and $74.3 million worth in corporate investments.
Jeff Flynn, director of Economic Development, also cited the amount of investment as a positive indicator of the city’s economy. “This level of investment is a good metric for Wilmington’s improving economy. We are pleased with this level of investor confidence and are working hard to continue the trend.” said Flynn.
Projects listed by the city include:
Residences at Midtown Park ($79 million ) – a new residential complex set to replace the Midtown Parking Center in downtown, consisting of two high-rise buildings that, combined, will offer 231 luxury apartments.
2000 Pennsylvania Avenue Project ($40 million) –redevelopment of the the Galleria property into mixed-use luxury residences and commercial businesses.
Market Street Village ($30 million) – a community of luxury apartments with high-end amenities at affordable rates (mix of income restricted and market rate), with a total of 76 studio and one bedroom apartments across three properties.
Frawley Stadium Expansion ($20 million) – a renovation project that will include creating a 360-degree wrap-around concourse at the stadium.
The Flats Phase I ($15,500,000) – The beginning of a $100 million plan to redevelop the Flats neighborhood on the West side of Wilmington. More than 450 residential units will be redeveloped in seven phases over 10 or more years.
Marriott Extended Stay Hotel ($12 million) – a conversion project to redevelop the currently vacant building into a 96-room, extended stay hotel.
Sacred Heart Village II ($7 million) – a project that aims to provide housing for low-income seniors in a three-story, 26-unit building.
List of private and public investment projects from 2013 through 2016:
- Christiana Care Wilmington Hospital Expansion – $210 million
- Woodlawn Flats Phases 2 through 7 – $84.5 million
- Residences at Midtown Park – $79 million
- Amtrak Newark-Wilmington Third Rail – $71 million
- Christina River Bridge Crossing – $50 million
- Westin Hotel – $40 million
- Water Street Residences – $40 million
- Renewable Energy Biosolids Facility – $36 million
- Community Education Building – $30 million
- Market Street Village – $30 million
- South Wilmington Wetlands Park – $20 million
- Harlan Flats Phase I – $20 million
- Harlan Flats Phase II – $20 million
- 627 and 608 Market Street – $16 million
- Woodlawn Flats Phase I – $15.5 million
- Marriott Extended Stay Hotel – $12 million.
- Courthouse Square (Formerly Alico) – $10 million
- Brandywine River Raceway – $6,000,000
- Board of Trade – $4 million.
- The Lofts on Walnut Street – $3 millipon
- Creative District – $3 million
- 827 Market – $2 million
- DE Historical Society African American Heritage Museum – $2 million
- Alpha Technologies Building Acquisition – $1.8 million.
- Walnut Place – $1.6 million
- Walnut Ridge – $1.5 million
- Wilmington Skate Park – $1 million.
