Type to search

Commercial Real Estate News Briefs

Capano breaks ground on Phase II of The Falls

Share

The Falls is a luxury apartment complex being built at the site of the former Bancroft Mill on the banks of the Brandywine Creek. | DBT PHOTO BY JACOB OWENS

WILMINGTONCapano Residential is expanding into Phase 2 of The Falls with two additional modern luxury apartment buildings located on the banks of the Brandywine Creek on the original site of the historic Bancroft Mill.

The Falls currently boasts the now completed 10,0000-square-foot indoor amenity space featuring a fitness studio, private yoga station, fireside lounge, collaborative work spaces, mezzanine lounge, library and study niches.

The first phase of The Falls brought more than 100 units to the the banks of the Brandywine Creek. | DBT PHOTO BY JACOB OWENS

The newly constructed buildings, scheduled to be completed by the end of 2022, will bring an additional 165 apartment homes to the site as well as allow for the completion of 14,000 square feet of outdoor amenity space, which will include a pool with sundeck, outdoor fireside lounge and river deck seating areas overlooking the Brandywine Creek.

“This project offers us an opportunity to transform an historic industrial site into a modern residential community. The logistical difficulties posed by the site, along with the unique challenges we face as a construction industry at this time, allow us to showcase our collaborative problem-solving skills. We look forward to working with our entire project team to see this community through to completion,” Capano Chief Development Officer Bill Krapf said in a statement announcing the start of Phase II.

While nestled in nature, The Falls is located just minutes away from the shops and restaurants of Trolley Square and the business hub of downtown Wilmington.

Get the free DBT email newsletter  

Follow the people, companies and issues that matter most to business in Delaware.

Tags:

You Might also Like

Leave a Comment

Your email address will not be published. Required fields are marked *

Limited time offer. New subscribers only.

Flash Sale! Subscribe to Delaware Business Times and save 50%.

Limited time offer. New subscribers only.