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Wilmington office building will be converted into hotel

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A Florida-based developer has started converting a downtown Wilmington office building into a Staybridge Suites hotel, the developer announced last week.
Driftwood Capital purchased the 11-story office building at 1220 N. Market St. for $2.9 million in March 2019. Driftwood will spend $31 million to renovate it into a hotel with 134 suite-style rooms and a contemporary look and feel, according to a press release.
They expect the hotel to open in the second quarter of 2022.
In a statement, Nelson Parker of Driftwood Capital said the project is appealing because the conversion will take a relatively short amount of time and it will fill a hole in the hotel market in downtown Wilmington as new businesses and jobs take root. The building also lies in an opportunity zone, which provide developers with lucrative tax breaks for building in disinvested communities. ....

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Governor to Nominate Eugene Young as Director of Delaware State Housing Authority (DSHA)

Director Anas Ben Addi is leaving for Chief Financial Officer position at Delaware State University. ....

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Governor to Nominate Eugene Young as Director of Delaware State Housing Authority (DSHA)

Governor to Nominate Eugene Young as Director of Delaware State Housing Authority (DSHA)
delaware.gov - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from delaware.gov Daily Mail and Mail on Sunday newspapers.

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Driftwood Capital Begins Conversion Of Downtown Wilmington Office Tower Into A Staybridge Suites Hotel – Hospitality Net

Driftwood Capital, a vertically integrated commercial real estate investment, development and lending platform specializing in hospitality, announces that it has begun construction on the $31 million conversion of an 11-story office building into a brand new Staybridge Suites hotel in downtown Wilmington, Delaware. ....

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Chillicothe Council Creates Development Districts, Protests Tax Changes

By Kevin Coleman
Dec 29, 2020
In their Monday evening session, Chillicothe Council established the first four Chillicothe Downtown Development Districts, with the hope that more will be added.
Mayor Luke Feeney said he worked with the county commissioners on this tool for economic development, and complimented Diedra Nickerson on her work to shepherd it to passage in time before the end of the year.
Feeney also mentioned he recently worked with the city school board when they asked for a decreasing rate of property tax exemption over 30 years in the legislation, since that impacts their funding.
Devon Shoemaker saw his ordinance pass to spend $8,000 for decorative sleeves for the poles of new parking meters, which Mayor Feeney said was the cheapest way to improve their appearance for the downtown. ....

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