Posted Mar 23, 2023, 7:22 PM
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Join Date: Dec 2015
Location: South Philly
Posts: 1,680
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Cost of DuPont campus redevelopment in Wilmington doubles to $1B
Quote:
MRA Group's price tag to redevelop a former DuPont Corp. campus in Wilmington has doubled to $1 billion, as the scope of the 163-acre project expands due to increased demand from prospective life sciences tenants.
The Horsham developer acquired the site for $40 million in December 2021 with 14 buildings spanning 780,000 square feet. It had planned a redevelopment of the site that would cost $500 million and total 900,000 square feet, a figure that since been upped to 1.4 million. The Chestnut Run Innovation & Science Park has room to eventually span 2.1 million square feet.
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Last edited by Urbanthusiat; Mar 25, 2023 at 3:34 AM.
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