The Downtown Dover Partnership (DPP) executed a Memorandum of Understanding with Mosaic Development Partners JV, LLC and partner Colonial Parking, Inc., of Wilmington, intending to secure a full agreement for the redevelopment of the “old Acme site” within 90 days.
The MOU outlines that the partnership has begun discussions with Mosaic to support their Response to the Downtown Dover Site request for 120 South Governor’s Avenue. The DDP received three responses to the RFQ (Request for Qualifications).
“This MOU with Mosaic will allow for the continuation of critical discussions necessary to finalize a Project Redevelopment Agreement that will enable us to move forward with full planning of the first mixed-use development project at 120 South Governor’s Avenue,” said Ken Anderson of Capital City 360 Consulting, which serves as the Property Development Director for the DDP.
A conceptual drawing conceptualizes a mixed-use structure, including residential apartments of varying sizes, a small-scale grocer, and other amenities that would benefit residents and the local community. Greg Reaves, CEO and Co-Founder of Mosaic commented, “Our team is extremely excited to move to the next step. Please send our sincere thanks to the evaluation committee. We certainly understand the importance of this first phase of Downtown Dover.”
“Having just received the completed master plan in January, we are moving forward aggressively with priority projects recommended, including this mixed-use project, as well as some smaller, near-term arts- and transportation-related initiatives,” said DDP Executive Director Diane Laird. “Both near- and long-term wins are necessary to keep the momentum going.”
City Manager Dave Hugg indicated that Dover is currently considering proposals for reuse of the former Post office location at Legislative Ave. and Loockerman St. and that design work is beginning for downtown utility upgrades which will enable large-scale redevelopment projects to be built.
Mosaic Development Partners is headquartered in Philadelphia, PA, and Prince George County, MD.
For more information on the Capital City 2030: Transforming Downtown Dover! master plan and related contractor and redevelopment opportunities, call 302-678-2940, contact Ken Anderson at Ken@DowntownDoverPartnership.com, or visit: https://www.downtowndoverpartnership.com/
