A ribbon-cutting this week marked the opening of 101 dupont place.
101 dupont place has 198 apartments on all 13 floors. Rental prices range from $1,220 for a one-bedroom to $3,700+ for a three-bedroom on the penthouse floor.
Gov. John Carney, City of Wilmington Mayor Mike Purzycki, and 4th District Council Member Michelle Harlee joined BPG executives Rob Buccini, co-president and co-founder, and Mike Hare, executive vice president of development at the ceremony.
Amenities include a rooftop deck with a barbecue grill and fireplace, a coworking space, and a fitness center with Peleton equipment. The community also features a resident lounge in the historically-preserved DuPont Company boardroom, a movie theater room, and a pet washing station.
The addition of the apartment community creates the first residential experience within the 113-year-old DuPont Building.
“Wilmington is the heart and soul of our business, and the DuPont Building is the metaphorical heart of Downtown Wilmington. It makes sense that we seized the opportunity to purchase this iconic building,” said Rob Buccini, co-founder of The Buccini/Pollin Group. “There is no better way for us to honor the rich mixed-use history of this space than to reimagine the building as a modern version of what it has always been: a lifestyle center for the City of Wilmington and the surrounding Mid-Atlantic region.”
“For the first time in history, people are now calling the DuPont Building home, and we couldn’t be prouder to make that happen for our community,” Buccini added. “Thank you to our incredible partners who helped turn our vision into a reality, including PNC Bank, Delaware State Housing Authority, Delaware State Historic Preservation Office, National Park Service, MSR Architects, BPGS Construction, and ResideBPG.”
Buccini/Pollin acquired the property in 2017 and has spent the last four years working on the building.
Including 101 dupont place, the renovations to the building totaled more than $60 Million in 2020 alone.
The iconic restaurant inside the Hotel DuPont was renovated and is now a French brasserie Le Cavalier at The Green Room.
Currie Hair Skin & Nails opened its flagship location in the building with salon and spa offerings.
The hotel side features refreshed the carpeting and wall coverings throughout guest hallways, and underutilized space on the ground floor of the Dupont Building was converted to amenity space and common area for all tenants.
A $4 million project was completed to update the infrastructure of the building to separate utilities for each of the tenants, and a security command center was built to monitor the entire building.
BPG also completed an $80 million office renovation in the DuPont Building to make way for Chemours Company and added DECO, an 8-stall food hall.
To date, BPG has brought over 1,900 units to the residential market in Wilmington and has another 500 units under development or construction.
Despite the pandemic, BPG’s residential portfolio is stabilized above 98% occupancy.
For information, visit 101dupontplace.com.