Thursday, January 15, 2015

New apartment complex to rise near University of Delaware



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.

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