The 80-acre property consists of several parcels that have, over the years, housed an ironworks plant, an electric generation station, a chemical manufacturing company, a waste treatment plant and an illegal waste dump. The site of the future 18,500-seat major league soccer stadium—a $155 million project itself—sits just south of the Commodore Barry Bridge. According to a DEP spokesperson, the site has already been cleaned.

The developers, Wilmington, DE-based Buccini/Pollin Group have received a DEP permit that allows the company to begin preliminary construction work at the site. Development of the site hinges on the stadium, which must be completed and ready for play by April 2010.

A parcel of land south of the stadium parcel, known as the Master Plan site, will eventually house townhomes, apartments and retail space, as previously reported by GlobeSt.com. The site has not yet been cleaned and a timeline for the completion of this phase of the project has not yet been determined, to DEP's knowledge. Calls to Buccini/Pollin seeking further information were not returned as of press time.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.