Buccini/Pollin appears to be buying Hotel du Pont
"The Buccini/Pollin Group has bought or intends to buy the Hotel du Pont and the adjacent office building that houses Chemours, state records show."
"We have not made a decision on the hotel business at this time," Turner said.
"Buccini/Pollin, under the 1007 Market LLC, applied for state funds through the Downtown Development Districts program, which is distributed through the Delaware State Housing Authority; $1 million is the maximum an applicant can receive through that program.
Julia Mason, a spokeswoman for Buccini/Pollin, declined to comment.
Buccini/Pollin intends to completely gut the office building in a $92 million renovation, according to documents in its application. That application also shows that the Wilmington developer plans to lease 252,000 square feet on floors 4 through 13 to Chemours for 15 years."
In the investment description filed as part of its application with the state, Buccini/Pollin said it has engaged Minneapolis-based MSR Architects to build "an efficient and modern space" to serve as Chemours' world headquarters.
Other plans for the property, according to the documents, include leasing nearly 60,000 square feet of office space in the DuPont Building to new tenants and adding as much as 50,000 square feet of ground-floor retail and restaurant space along Market and 10th streets.
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---B/P Group basically owns all of downtown Wilmington, and the Riverfront.