Monthly Archives: March 2013

Hyatt Place Dewey Beach & The Residences at Lighthouse Cove Project Update

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For Immediate Release

March 13, 2013

 

Project Update: Hyatt Place Hotel and The Residences at Lighthouse Cove, Dewey Beach

Despite a series of nor’easter storms that have affected the entire coastal area, Dewey Beach Enterprises (DBE) is pleased to announce that construction activity remains on track for the completion of Phase 1 for the entire Lighthouse Cove resort project.  The mixed-use resort project, which includes both a Hyatt Place Hotel and luxury condominiums, known as the Residences at Lighthouse Cove, is one of the largest private sector construction projects underway in Delaware.

Among the many items of breaking news:

  • Hyatt Place Dewey Beach Hotel is now accepting “group” reservations for weddings, conferences, social  events and other group bookings. Interested parties may call 888-216-2804  or 302-864-9100 to learn more.
  • Hyatt Place Dewey Beach will  create 30 full-time positions related to hotel operations beginning this spring/summer.  Upon completion and full project  build-out, the Lighthouse Cove resort will ultimately create 600 permanent      and seasonal jobs.
  • The project is currently employing 45 full-time subcontractors, with the majority of the concrete post tension structure poured.  The fourth level structure will be completed early next week.
  • The first two levels of Hyatt Place rooms have been framed, and 50 + workers have begun HVAC, plumbing and electrical “rough-in” work. 
  • Upon completion, the Lighthouse Cove Project will have a positive economic effect on the entire region, with rising property values, year-round employment, and expanded family entertainment choices for Dewey Beach and neighboring communities throughout the country.
  • The Residences at Lighthouse  Cove will feature 16 exclusive condominium units of which 6 have already  sold. “Excitement has accelerated with condominium prospects early on thisyear,” stated Laura Henne, Sales Director for the Residences. A fully   furnished luxury condominium 3 bedroom, 3 bath unit is now open for  private tour by appointment. To schedule a private tour of the model,      please contact Laura Henne of  McWilliams|Ballard at 302-212-0002, and lhenne@mcwilliamsballard.com

A project update, including photos of ongoing construction at Dickinson Street on the Bay, including Hyatt Place Hotel features, Oceanside condominium floor plans and amenities, is provided in the attached links (www.TheResidencesDE.com) and at The Residences Facebook page: facebook.com/TheResidencesAtLighthousecovedeweybeach

 

For More Information, please contact Ryan Kennedy at 302-323-9300 Ext. 17

 

 

 

 

 

 

 

Urban Land Institute Delaware: Real Estate Outlook – March 14th with Gov. Jack Markell

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Just   Announced!  Governor Jack Markell to Keynote March 14 Delaware Real   Estate: Outlook and Opportunities    
Get the lowdown on development and   investment opportunities in the State of Delaware at this breakfast forum on   March 14th at the DuPont Country Club.  While considered a   submarket of the Delaware Valley tri-state region, the State of Delaware and   especially New Castle County is an important and independent economic engine  with strengths in entrepreneurial real estate, consumer-driven financial and   legal services, “eds & meds” and more.   Hear from keynote Governor   Jack Markell and our distinguished panel:   Robert Buccini, Co-President   of The Buccini/Pollin Group; Thomas Hanna, Vice President of Harvey   Hanna & Associates; Larry Maister, Director of Leasing &   Operations for Brandywine Realty Trust’s Delaware portfolio; and Gregory   Pettinaro, President of The Pettinaro Company; moderated by William   Russell, Principal of Wye Realty  Advisors.  Special   thanks to event sponsors: Brandywine Realty   Trust, The Buccini/Pollin Group;   Harvey Hanna & Associates, Inc.; and The Pettinaro Company.    See whose already registered and sign up before the March 11th   deadline at Delaware   Real Estate: Outlook and Opportunities.