Delaware SPCA, Applied Bank partner on development plan for shelter property
The Delaware SPCA has broken ground on a years-long development plan in partnership with Applied Bank.
Financing from Applied Bank will enable the shelter to provide the infrastructure necessary to lease out the road-facing portion of the SPCA’s nearly 21-acre property at 455 Stanton Christiana Road while retaining ownership of the land, according to SPCA officials.
The SPCA remains fully open during construction.
“The Delaware SPCA is proud to be able to work with a fellow Delaware institution as we enter our 145th year of serving our state’s animal welfare needs,” said Kathie Herel, president of the SPCA Board of Directors.
The development consists of three pad sites. The first to be developed will house a Royal Farms convenience store and gas pumps, expected to be completed in mid-2018. Leases for the remaining pads are in negotiation.