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Lighthouse Cove Entering Next Phase of Redevelopment

October 7th, marked the groundbreaking for the next phase of the multi-use Lighthouse Cove Dewey Beach.

The Lighthouse Cove Development Company (LCDC) recently announced that the next phase of development of the multi-use Lighthouse Cove Resort project to commence this month, adding 27 additional bayside luxury condominium units, known as The Residences at Lighthouse Cove, expanded parking garage, a sunset Gazebo on the expanded Van Dyke public bayside beach and rooftop pool.

The Lighthouse Cove, situated on the bay side in Dewey Beach, is just one block from the Atlantic Ocean and offers beautiful views of Rehoboth Bay. As recently as 2006, the site was slated to become a gated, closed townhome community that would have forever precluded public access to Rehoboth Bay.   At that time, the Town of Dewey Beach invited our company, Dewey Beach Enterprises/Lighthouse Cove Development Company, to consider alternatives, including a mixed-use commercial-and-residential resort project that would concurrently incorporate amenities the Town had sought for decades and would align with the Town’s comprehensive plan.

Thomas Harvey, III spoke at the ground breaking, sharing, “This is an exciting time to own property in Dewey Beach,

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Register for the ‘How to Buy/Sell a Business’ Event Today!

Register for the ‘How to Buy/Sell a Business’ Event Today!

Americans are renowned for their entrepreneurial spirit and drive. That explains the plethora of family-owned businesses across this great country of ours. Family businesses make up 64% of the US gross domestic product and generate 62% of our employment.

Many of these businesses are multi-generational and often the dynamics can be a bit tricky. Getting everyone on the same page can difficult, as everyone has their own feelings about where a family business should be heading. Often, the question of whether to sell the business arises and making the right choice can be tough.

If you find yourself contemplating whether to buy or sell a family business, register today to hear about Thomas Harvey and Alan Levin’s experience with selling their family business. Listen to how the sales came about and their advice on how to make such a difficult decision. They’ll discuss things they wished they had done differently and things that you should consider before selling or buying a family-owned business.

Prior to establishing Harvey, Hanna & Associates in 1998, Mr. Harvey built, owned and managed multiple waste management companies over 25 years. Included in some of those companies were Harvey &

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Want to Find out What’s Driving Real Estate in the Diamond State?

Want to Find out What’s Driving Real Estate in the Diamond State?

 

Find out about some real significant opportunities in entrepreneurial real estate at the Urban Land Institute’s (ULI) Delaware Developers’ Forum to be held Tuesday, February 2nd at University of Delaware Arsht Hall. You’ll get a feel for what is driving real estate this year as you hear about all the new and planned development trends and investment activity taking place in Delaware’s competitive market.

Keynote Speaker, Jeffrey C. Flynn, Wilmington’s Director of the Office of Economic Development  will reveal private and public real estate investment deals worth up to $650,000 that are in the works. This area’s real estate market has largely been consumer-driven by it eclectic makeup of financial and legal services, government/politics, pharmaceuticals, “eds and meds” and more.

Louis Capano, III a Principal in Capano Management, LC Construction and LC Homes will talk about several development projects that are underway, such as the luxury apartments in Claymont, Middletown and the Avenue of the Arts on Wilmington’s riverfront. He’ll also discuss what to expect at a few commercial sites, including the redevelopment of the Brandywine Country Club located off of Shipley Road in North Wilmington.

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Dan Rattay - 2016 Broker of the Year

Congratulations to Dan Rattay – HHA 2015 Broker of the Year!

Harvey Hanna & Associates is pleased to announce that Dan Rattay , a Senior Associate at CBRE, has been selected as its ‘2015 Broker of the Year’. Rattay, a three time winner of the award, specializes in sales and lease of industrial and office properties and was instrumental in bringing CEVA Logistics to Delaware.

A donation of $3000 under Rattay’s name will benefit the Delaware KIDS Fund, a non-profit organization founded by Thomas J. Hanna, VP of HHA. Delaware KIDS Fund is an acronym for ‘Kids in Distressed Situations’ that helps at-risk children in Delaware who may face violence, abuse, family financial troubles, or other distressing situations.

Rattay negotiated the Twin Spans Business Park (TSBP) lease for CEVA Logistics, a worldwide company. CEVA Logistics is currently leasing 125,000 square feet of HHA owned warehouse, office and distribution space at 800 Ships Landing Way, located conveniently of I-95 in New Castle, Delaware. It is expected that this global company’s new location will bring more quality jobs to Delaware.

CEVA Logistics is one of the world’s leading non-asset based supply chain management companies that specializes in the design and implementation of industry-leading solutions for freight management and contract logistics.

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