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Originally Posted by TallCoolOne
Any news on this??
A read last week that Pennrose is building a 120-unit apartment complex in Old New Castle, Delaware ... but haven't heard anything regarding this ambitious project since April.
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I was just thinking about this project the other day. About a month ago, I spoke to someone who holds a fairly high position in Pennrose. They gave me general information about the project, but nothing groundbreaking. This project is certainly going to happen at some point though. Didn't the RFP call for the developer to have sound financing in place?
This project is going to give the area surrounding Franklin Square a huge shot in the arm. This will be amplified if the city sends out an RFP to redevelop the Roundhouse.