[TonyTone]

BPG unveils Market West campus with $150M Nemours reno


https://delawarebusinesstimes.com/news/bpg-market-west/

The mixed-use campus includes the DuPont, Nemours and Brandywine buildings along with the CityCenter and ParkBPG parking garages. Today, there are 553 apartments, several restaurants, two theaters, a hotel, a food hall, a coffee shop, retail shops, a cowork space, and 1 million square feet of offices in the three-building stretch.

“We don’t want people thinking, ‘Oh, I’m just moving into the Brandywine Building.’ We want them to feel like they’re moving into Market West – that they’re part of something bigger,” Buccini told Delaware Business Times. “When we first acquired the Nemours building [in 1999], there was no market-rate housing in downtown Wilmington. Now, what we’ve done is created this district that we want to be like one micro-market within the central business district.”

The focal point of Market West will be a rejuvenated former Nemours Building, where BPG is investing $150 million to redevelop its 450,000 square feet of office space, 16,000 square feet of existing retail, and 85 former extended-stay furnished apartments. The project will reduce the office space to 150,000 square feet and repurpose the historic building into 355 luxury apartments, expand The Mill co-working space to 75,000 square feet, introduce a new upscale restaurant, and transform the 17,000-square-foot outdoor plaza connecting the former Nemours and Brandywine buildings.