Capano Residential is expanding into Phase 2 of The Falls with two additional apartment buildings on the banks of the Brandywine Creek on the original site of the Bancroft Mill.
The Falls currently now has a 10,0000 square foot indoor amenity space featuring fitness studio, private yoga station, fireside lounge, collaborative work spaces, mezzanine lounge, library and study niches.
The newly constructed buildings will bring an additional 165 apartments to the site as well as allow for the completion of 14,000 square feet of outdoor amenity space which will include a pool with sundeck, outdoor fireside lounge and river deck seating areas overlooking the Brandywine Creek.
Chief Development Officer Bill Krapf said, “This project offers us an opportunity to transform an historic industrial site into a modern residential community. The logistical difficulties posed by the site, along with the unique challenges we face as a construction industry at this time, allow us to showcase our collaborative problem-solving skills. We look forward to working with our entire project team to see this community through to completion.”
The Falls are near restaurants in the Trolley Square neighborhood and downtown Wilmington. The Falls is located just five minutes from 1-95 and Route 202 and 30 miles from nearby Philadelphia.
Rents rangae from about $1,650 for a studio to $3,050 for a three-bedroom unit.
Capano Residential is a privately held, real estate company headquartered near Wilmington with a portfolio of more than 6,000 multi-family apartment residences and more than 2,000 in development.
