, a new industrial use is coming to this 400-acre site just over the border from Pennsylvania where I-95 and I-495 intersect.heavy industrial past, and prepared it to accommodate a mixed use complex of offices, residential buildings, and warehouses. In 2018, the company teamed up with the Delaware Transit Corp. to place a modernBut times have changed in the last four years.
“We did have an office [development] about three years ago that was looking pretty good, and then when COVID hit that project went on the back burner,” said Stephen Collins, executive vice president with the Commercial Development Co. “That project is now in second position, or maybe even third position, behind this industrial project.”
Collins said another industrial user is expected to buy another 300,000 square feet of the property in the next six months. Other development plans include 1,200 housing units on the site, half rental and half owner-occupied, but no residential development partners have been selected.is underway, with construction beginning last year and expected to open to users of SEPTA trains and DART buses in the fall.
Overall regional ridership in Delaware is still half what it was before the pandemic, although Claymont remains the most heavily used train station.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: PhillyDailyNews - 🏆 89. / 67 Read more »
Source: denverpost - 🏆 13. / 72 Read more »
Source: njdotcom - 🏆 282. / 63 Read more »
Source: postlocal - 🏆 327. / 59 Read more »
Source: FOX29philly - 🏆 570. / 51 Read more »
Source: nypost - 🏆 91. / 67 Read more »