A Florida apartment developer has broken ground on a new
complex near the University of Delaware.
Bainbridge Cos. of Wellington, Fla., in partnership with
Pinecrest Partners, a New York real estate firm that focuses on student
housing, is constructing Bainbridge Delaware, a 220-unit community at 230 E.
Main St. in Newark, Del.
The project is on the site of a retail center in which
one of the buildings was razed to make room for the new construction. A portion
of the shopping center will remain intact and is being redeveloped.
The project is scheduled to be completed early next year.
Source: Philadelphia
Business Journal
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