Last week, Harvey Hanna & Associates had the pleasure of convening with residents, officials, and other members of the Wilmington-area community to discuss our current and future plans for the former General Motors plant on Boxwood Road.
Along with representatives of the Delaware Department of Natural Resources and Environmental Control, our engineering firm Apex Engineering, and a number of area elected officials, we heard plenty of positive feedback from residents excited about our plans to create a modern business and distribution campus at the plant property. We also heard several quality-of-life concerns about the changes that would accompany its transformation.
As a local firm with deep ties to New Castle County, we remain committed to maintaining an open dialogue with residents throughout this process, and will schedule future meetings every 4 to 6 months to ensure the highest degree of transparency and public input. While a new business campus will not generate the same level of activity than the GM plant at its peak, it will have far-reaching implications across Wilmington and the rest of the region. By continuing to work together, we can help create thousands of new jobs, and a better, more prosperous future for our community.
Leading Commercial Real Estate Developer Plans to Transform Dormant GM Site Into Modern Business & Distribution Campus
Wilmington, Del. (April 16, 2018) — Harvey Hanna & Associates, Inc., a leading Delaware-based commercial real estate redevelopment firm , today announced it has submitted an exploratory plan for its redevelopment of the former General Motors plant in Wilmington, Del. into a thriving, state-of-the-art business, fulfillment and distribution campus.
The Brownfield Redevelopment plans, provided to the New Castle County Department of Land Use under its Redevelopment Ordinance, call for the demolition of the 3-million-square-foot former automobile manufacturing plant structure at 801 Boxwood Road. Under the plan, Harvey Hanna proposes the construction of a modern campus designed to attract and retain 21st century businesses and jobs, serving as a new economic engine for the region.
“As a Delaware-based firm with deep personal and professional roots in this area, Harvey Hanna knows first-hand the significance that the former General Motors plant property has to Wilmington and New Castle County,” said Thomas J. Hanna, President of Harvey Hanna & Associates. “These plans represent a critical first step in rebuilding this storied property into a modern distribution and business campus that can provide a critical source of jobs and serve as a new and lasting economic engine for the entire region.”
The concept plans call for the complete demolition of all dormant buildings on the 142-acre property, to be followed by the construction of 3 million square feet in new commercial space spread across four buildings with a lower overall footprint than the previous structure. If approved, the buildings would be constructed in multiple phases, with additional green space, improved storm water management and new landscaping buffers added to the new business and distribution campus. The plans are conceptual in nature, and must be reviewed and approved by New Castle County as well as other state regulatory agencies.
The redevelopment of the former General Motors plant – which at its peak employed more than 6,000 people – is the first step in a wider effort by Harvey Hanna to transform underutilized areas of New Castle County, specifically in and around the greater Newport area.
In addition, the firm is pursuing the development of 400,000 square feet of mixed-use commercial transit oriented development nearby the SEPTA rail station in downtown Newport, Del., where future employees at the Boxwood Road property can live, eat, shop and play. Harvey Hanna’s plans for the Newport development also include a Riverwalk trail for walking, biking and other recreation, as well as the re-opening of the Newport passenger rail station. This planned river walk is environed to interconnect with the New Castle County bicycle and pedestrian trail network that is currently under construction.
“When Harvey Hanna purchased this site last year, we always knew our immediate goal was to modernize the former plant property and provide new jobs to the hardworking residents of Delaware,” said Hanna. “However, the resulting economic impact of this transformation also holds the potential to transform the greater Newport area, and position this area for success for decades to come.”
The exploratory plan was created in conjunction with Newport, Del.-based Apex Engineering, a civil engineering firm with nearly 25 years of experience in New Castle County and the surrounding area. In partnership with Harvey Hanna, Apex will analyze and devise plans for the redevelopment, including the preparation of all preliminary and final site plans for review and approval by New Castle County. The firm will also coordinate with both the Delaware Department of Natural Resources and Environmental Control (DNREC) and the Delaware Department of Transportation (DELDOT) to ensure that all applicable environmental and infrastructural standards are met during the redevelopment.
“Apex Engineering is thrilled to begin working on the regeneration of a property that was once one of the great economic drivers in this region,” said Steve Davies, President of Apex Engineering. “We take tremendous pride in this project and are honored to have the chance to play a role in its transformation into a state-of-the-art facility that can bring thousands of jobs back to New Castle County.”
Harvey Hanna acquired the Boxwood Road property in 2017 with the goal of redeveloping its more than 3 million square feet of industrial and office space. The longtime former home of a General Motors automotive plant, the property is strategically located along the I-95 corridor and is set in one of the country’s major population base, making it an ideal setting for distribution, fulfillment and logistics users and businesses. Offering easy access to major markets including Philadelphia, New York City, Baltimore and Washington, D.C, the property is a springboard to multiple major U.S. highways, including I-95, I-295 and I-495.
The property is also equipped with full access to area rail lines, allowing distribution or fulfillment companies to both ship and receive goods from across the region, and is just minutes from the growing Port of Wilmington, which handles more than 400 ship calls and 6.8 million tons of cargo each year.
About Harvey Hanna & Associates, Inc.
Founded in 1998, Harvey Hanna & Associates, Inc. is a Newport, Delaware-based real estate development company with a significant record of success related to the acquisition, redevelopment and repopulation of underutilized properties in the Mid-Atlantic region. Led by Thom Harvey and Thomas Hanna, the company has acquired and developed more than 5.2 million square feet of space, including 2.8 million square feet of industrial space.
Harvey Hanna has deep personal and professional roots in Newport and the surrounding Delaware community, and the company’s comprehensive understanding of both the Boxwood property’s history and the Newport community has helped shape its vision for a first-class commercial campus that will become a critical economic driver for the region.
Congratulations to Albert “Bert” Root of Harvey Hanna & Associates for his recent appointment as President of the CIRC Board. Root has served on the CIRC (Commercial-Industrial Realty Council of New Castle County, Delaware) Board for the last two years as vice-president.
CIRC is a non-profit organization bringing together a group of members with similar interests in commercial and industrial real estate to network and keep current with the latest real estate and business transactions in the Delaware Valley community. CIRC meets monthly except for the months of July and August. The lunch meetings are for networking and socializing. Typically there is a guest speaker that touches on topics of mutual interest to the membership.
Root, Director of Commercial Leasing at Harvey Hanna & Associates, manages and oversees all leasing activity associated with HHA’s extensive portfolio of commercial, industrial and retail properties. He came to HHA in 2012 and has held a variety of positions in the commercial real estate industry.
In addition to his position on the CIRC Board, Root is the Golf Committee Chairman for CIRC’s annual Golf Outing held at Hartefeld National. This years’ golf outing is scheduled for Monday, June 29th.
The golf outing offers a fun-filled day of golf course challenges, barbecue lunch, on-course beverages/snacks, cash raffle, golf prizes and a dinner buffet. A portion of the proceeds goes to The Delaware KIDS Fund, a non-profit organization founded by HHA COO, Thomas J. Hanna in order to assist local area Kids in Distressed Situations.
If someone hits a hole in one on the dedicated ‘hole in one hole’, they win a 7 night stay at the luxurious Hyatt Place Hotel in Dewey Beach with over $200 in food credits for Que Pasa Mexican Restaurant and The Lighthouse!
Last week we listed ‘Five Top Reasons to do Business in Delaware’ which makes a great case for ‘start ups’ to open their business in the state of Delaware. Well here’s even more incentive, Delaware has the fastest Internet Speeds (16.2 mbps) in the nation which gives Delaware business an edge, making them more competitive than those businesses based in neighboring states!
“In terms of absolute speeds, Delaware had the fastest Internet speeds at 16.2 mbps, followed by just over 14 in Virginia; Washington. D.C. was next with speeds just below 14 mbps. The Internet was slowest in Arkansas, where average speeds were 7.5 mbps.” — Chokshi , Niraj. “These maps show the Internet is getting faster in (almost) every state.” The Washington Post., 30 Sep. 2014.
Not only does a faster internet speed make e-commerce sites more competitive, it makes businesses of all industries more productive, giving them faster access to shared project files allowing for more efficient collaboration.
The Akamai SOTI Report noted that “the global average connection speed increased 21% from the first to second quarter of the year. At 4.6 Mbps, the global average connection speed exceeded the 4 Mbps “broadband” threshold for the first time.”—Akamai SOTI
The State of Delaware is known as the “Corporate Capital of the World,” due to its incorporation of more than sixty percent of the Fortune 500 companies. There are many reasons Delaware is the perfect state to do business, such as its reputation as a ‘pro-business’ state, proximity to viable markets and accessibility to a highly educated work force.
The state has taken a wide variety of measures to help established small businesses and entrepreneurs take their business from the idea phase to start-up to expansion, making Delaware an excellent choice to start a business.
The Delaware Economic Development Office (DEDO) aids entrepreneurs building a business through various state programs designed to help these start-up businesses develop successfully. DEDO has enabled the success of many small businesses through easy access to incentives, grants and the SSBCI program where businesses receive low interest loans.
Governor Markell has made it part of his agenda “to back small business at every phase of development, with great emphasis on development” –Levin, Alan. “Delaware’s entrepreneurs help drive economy.” delawareonline., 04 Oct. 2014.
Here are Five Top Reasons to do Business in Delaware:
Delaware # 1 in Economic Output Per Job – According to the U.S. Chamber of Commerce’s 2014 Enterprising States study, Delaware ranked first in the Economic Output Per Job study and fifth in the New Startup Rate study.
Delaware # 1 in Business Friendliness— CNBC’s 2014 America’s Top States for Business ranked Delaware as the most business friendly state.
Delaware #2 in Business Incubation –The Beacon Hill Institute’s 13th annual State Competitiveness Report ranked Delaware second for business incubation in 2013, thanks to programs such as the Emerging Enterprise Center (EEC) of New Castle County Chamber of Commerce (NCCCC) which creates a nurturing environment to help early stage businesses grow, develop and succeed.
The Kauffman FastTrac program ~ A combined effort between DEDO and Delaware Technical Community College, the Kauffman FastTrac program has trained over 300,00 entrepreneurs nationwide by helping them to develop business plans and guides small-business owners who want to take their enterprise to the next level.
State Small Business Credit Initiative (SSBCI) — The program is designed to enhance access to capital and lower interest rates provided to small business. The plan dedicates $12.1 million to create a new participation program between DEDO, lending institutions and their small business clients and dedicates $1 million to the Delaware Capital Access Program. .
Meanwhile, there a numerous other reasons to do business in Delaware, such as the DEMEP (Delaware Manufacturing Extension Partnership) that helps ‘forward thinking manufacturers’ to remain competitive, the DWIB (Delaware Workforce Investment Board) that offers ‘Employee Training Grants’ or the Brownfield Assistance Program which provides matching grants to owners and developers in order to encourage the redevelopment within the state.
Are you a Delaware Business that has benefited from one of these various programs? Please share with us your story so Delaware can continue to lift up businesses throughout the state and encourage growth and the entrepreneurial spirit!
Promises Made, Promises Kept at Lighthouse Cove Resort in Dewey Beach
Dewey Beach Enterprises (DBE) announced yesterday that the company is ready to move onto the next phase of construction of the Lighthouse Cove Resort located at Dickinson Street on the Bay of Dewey Beach, Delaware.
The press release cited the overwhelming success of the newly built Hyatt Place Hotel in tandem with the sales of 14 of the 16 Oceanside condominiums as a sign that the second stage of the project should begin this fall and that more details would be released later this month.
“The pricing threshold achieved to date at the Residences at Lighthouse Cove is unprecedented in Dewey Beach, in part, due to the First Class amenities that are available on site,” stated Clint Mann, Vice President of McWilliams Ballard Inc., the company managing the sales and marketing of the Residences at Lighthouse Cove.
The average purchase price for the luxury penthouse condominiums at Lighthouse Cove is $695,314, nearly 2x (twice) the market per square foot value, thereby setting a new price standard in the Dewey Beach market. The Residences at Lighthouse Cove sales attributed to 40% of all condominium sales in the local market for the 2014 season to date.
The tax revenue created from the sale of the condos and subsequent revenue streams have financially benefited the Town of Dewey Beach, along with state, county and local municipalities.
Additionally, the Lighthouse Cove resort has generated 83 full-time and seasonal jobs at the Hyatt Place Hotel; nourished more than 100 full-time and seasonal jobs at the onsite Que Pasa and Lighthouse Restaurants; and created hundreds of construction jobs of all disciplines.
“We are thrilled with our progress to date, and our expansion plans are the direct result of our success and the commitments we have honored,” stated E. Thomas Harvey, DBE president.” DBE will build upon this positive economic performance as it commences the next phase of development later this autumn,” Harvey added.
DBE promised that the creation of the Hyatt brand hotel, combined with the sale of Oceanside penthouse units, would generate a positive economic contribution to the community, because its innovative product featured an array of 21st Century lifestyle amenities. The resort redevelopment project has created hundreds of construction, seasonal, and permanent jobs; and is helping Dewey Beach transition to a family-friendly 21st Century year-round resort.
Details on the next phase of construction are expected later in September
If you think your business should be recognized as a rising star, why not apply for the 2014 Superstars in Business Award. This award has been given annually since 1998 in honor of and named after, Marvin S. Gilman, a small business leader in Delaware. He was president of the much respected Gilman Development Company and was inducted into the ‘National Housing Hall of Fame’.
‘The Superstars in Business award honors businesses and non-profit organizations for their outstanding achievements and model approaches to business and management.’ – DSCC
To be eligible your business must be a member of Delaware State Chamber of Commerce, have 150 employees or fewer, and been in business for at least three consecutive years. Applications are due by 12 pm on August 21, 2014.
Winners will be honored at a luncheon on November 12, 2014 in the Gold Ballroom of the Hotel DuPont.
Click Here for more Details on How to Apply and to see past recipients.
Does Your Business Need Help With Relocation?
Harvey Hanna & Associates provides many options for companies looking to gain a competitive advantage in today’s market place. From start-up entrepreneurs to fortune 500 companies, HHA assists in the establishment of a foothold on the East Coast through custom real estate development.
Delaware came in second for the 2014 ‘State New Economy Index.
Not too shabby Delaware!
According to the report, Delaware is the most Globalized of states due to the state’s business-friendly corporate law. This serves to entice both foreign and domestic companies and creates a higher-wage traded service sector.
Thanks to the high-wage traded services, along with direct foreign investment and industry investment in R&D, Delaware moved up 4 rankings since 2010.
Massachusetts has been ranked #1 since the conception of the State New Economy index. This is largely due to the state’s concentration of biotech, hardware and software firms supported by widely renowned universities, such as Harvard and MIT.
California ranked #3, largely due to its domination of venture capital (55% of all U.S. Venture Investments), Silicon Valley and high-tech clusters in the southern part of the state.
The State New Economy Index is a report that focuses on measuring the economic structure of states, unlike other reports that assess state economic performance or state economic policy. (According to ‘The Information Technology & Innovation Foundation’, a Washington, D.C. non-profit, nonpartisan think tank at group whose mission is to help policymakers better understand the nature of the new innovation economy and the publisher of the report)
This report focuses on the simple question, “To what degree does the structure of state economies match the ideal structure of the New Economy (a more global one)?”
The report uses five categories; Knowledge Jobs, Globalization, Economic Dynamism, The Digital Economy, and Innovation Capacity.
Are You UP for the Challenge? Stay Fit and Help Feed Delaware’s Youth!
Don’t miss your chance to support Delaware KIDS Fund and stay fit by joining us Saturday, August 2nd in Newport, DE for our 5th annual 5K. The Delaware KIDS Fund is an acronym for ‘Kids in Distressed Situations’ and is geared around assisting Delaware area kids that are at risk or in need for whatever reason.
The fund is a non-profit organization dedicated to providing goods and services such as; clothing, food, shelter, scholarships, educational grants, counseling and mentoring.
“There is a personal connection with any effort such as this. I’m a father of three kids myself and having been in out of various children’s hospitals, seeing those kids that are less fortunate than others; it hits home. A few years ago, we as a family decided to consolidate our giving and formalize it in the form of this Delaware KIDS Fund,” shares Thomas J. Hanna, VP of Harvey Hanna & Associates and Founder of Delaware KIDS Fund.
The Fund was established in 2008 by Thomas J. Hanna as a response to Delaware’s ‘food security crisis’, based on the premise that ‘no child of any age can flourish and grow without adequate nutrition’. The fund has grown to encompass much more since then, as it not only supplies nutrition for Delaware youth’s physical growth. It also helps to feed their minds through the mentoring program, counseling, scholarships and educational grants.
“What motivates us at DE KIDS Fund is the staff that we see day in and day out from the food bank of Delaware. They serve over 200,000 Delawareans, half of which are children under the age of 18, which is a startling fact. That’s really what generated the Delaware KIDS Fund 5K,” shares Ryan Kennedy, ‘Director of Marketing’ at Harvey Hanna & Associates.
Hundreds of runners will hit the streets of Newport on Saturday August 2nd for the 5th Annual Delaware KIDS Fund 5K presented by a slew of local sponsors and Harvey Hanna & Associates. There will be plenty of pre-race and post-race festivities including music, food, beverages and raffles under a large tent across the street from James Street Tavern in Newport.
Runners and walkers will take on what many on the 5K circuit consider one of the more challenges courses. Will YOU be there? Are YOU up for the challenge?