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Old Posted Dec 5, 2023, 3:06 PM
Jawnadelphia's Avatar
Jawnadelphia Jawnadelphia is offline
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Join Date: May 2014
Location: Wilmington, Delaware
Posts: 2,906
Incyte - Wilmington update

The NIMBYs seemed to have won in Alapocas - blocking Incyte's latest plans for a new building at their headquarters just outside of Wilmington city limits. The plan for a 5 story new building (see below) was hit with heavy neighborhood backlash, and an online/social media campaign.

Paywall - https://delawarebusinesstimes.com/news/incyte-axes-friends-deal/ - but the first sentence covers it,

"WILMINGTON — After fervent opposition by neighbors ahead of a likely contentious impending rezoning case, Incyte Corp. has reportedly dropped its plans to acquire the Lower School campus of the Wilmington Friends School for a major expansion. Announced last year, a five-story, 400,000-square-foot office and lab building was planned by the biopharmaceutical company..."



I don't know if this is all bad news though. Recent reports have Wilmington's downtown office-space market seeing 30% vacancies. Also, there's the Riverfront East ... waiting for tenants to fill the planned developments there.

If this rejection ends up with Incyte leasing a large amount of office space in downtown Wilmington, or building a brand-new building at Riverfront East... it might be a win-win in the end for Wilmington.
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