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Historic DuPont Building slated for redevelopment
For more than a century, an early 20th-century high-rise building in Wilmington, Del., served as the headquarters of the iconic chemical firm DuPont. Now the DuPont Building and its Hotel du Pont have been sold to a real estate developer that plans to modernize them and turn them into a mixed office, residential, hotel, and retail complex. DuPont, which plans to merge with Dow Chemical later this year, bid adieu to the city of Wilmington in 2015, moving to nearby Chestnut Run Plaza. It handed over ownership of the 13-story hotel and DuPont Building to its fluorochemicals spin-off, Chemours. DuPont continued to manage the hotel until February, when it sold the management business to the Buccini/Pollin Group, a real estate developer. The real estate group has now completed the purchase of the DuPont property from Chemours. It plans to refurbish 24,000 m2 of office space and lease it to back
Chemours will occupy renewed space, and the turn-of-the-century Hotel du Pont will be preserved
10.1021/cen-09517-notw9-roomcxd-gr1
The Green Room in the Hotel du Pont will be preserved. (Credit: Hotel du Pont)
Historic DuPont Building slated for redevelopment
For more than a century, an early 20th-century high-rise building in Wilmington, Del., served as the headquarters of the iconic chemical firm DuPont. Now the DuPont Building and its Hotel du Pont have been sold to a real estate developer that plans to modernize them and turn them into a mixed office, residential, hotel, and retail complex. DuPont, which plans to merge with Dow Chemical later this year, bid adieu to the city of Wilmington in 2015, moving to nearby Chestnut Run Plaza. It handed over ownership of the 13-story hotel and DuPont Building to its fluorochemicals spin-off, Chemours. DuPont continued to manage the hotel until February, when it sold the management business to the Buccini/Pollin Group, a real estate developer. The real estate group has now completed the purchase of the DuPont property from Chemours. It plans to refurbish 24,000 m2 of office space and lease it to back
Chemours will occupy renewed space, and the turn-of-the-century Hotel du Pont will be preserved
10.1021/cen-09517-notw9-roomcxd-gr1
The Green Room in the Hotel du Pont will be preserved. (Credit: Hotel du Pont)
Historic DuPont Building slated for redevelopment
Chemical & Engineering News ; 95 ; 9
2017-04-24
Article (Journal)
Electronic Resource
Unknown
DuPont , business , investment , Chemours , office space
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