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Colonial’s core business of providing parking management services has provided us the opportunity to own and develop a variety of real estate projects. Chief among our real estate inventory are properties operating with an interim use as surface parking lots. These strategically located properties provide the potential for a variety of office, retail and industrial real estate development. Our team is experienced in partnering with a variety of real estate professionals for development projects.
During our natural course of business, we continue to analyze our portfolio of properties for their best uses, as well as reviewing strategic acquisitions for future development.
We welcome your interest in any of the properties profiled below and will be happy to discuss how we may work together in the future.
Properties for Development
1200 N. Market Street
The 12th & Market Street property represents the assemblage of fifteen separate tax parcels. The result is an excellent development opportunity with the potential for a parking garage and major office building located in the heart of downtown Wilmington, Delaware.
|Address||1200 N. Market Street (NEC of 12th & Market Streets) Wilmington, Delaware|
|Land Area||26,217 square feet (0.60 acres)|
905-919 WASHINGTON STREET / 910-918 JEFFERSON STREET
This location offers a large assemblage (76,440 square feet), prime development site a block from the Delaware Avenue/Western Gateway into the City of Wilmington. With frontage on 10th, Washington and Jefferson Streets, this property is located a block from 500 Delaware Avenue office building and across from the Sheraton Suites Hotel. The site is an excellent development site for Class “A” Office, Hotel or Apartments with C-4 zoning and easy access to and from Interstate-95.
|Owner||Hat Square, LLC|
|Address||905-919 Washington Street / 910-918 Jefferson Street Wilmington, Delaware Bound by 10th St, Jefferson St and Washington St.|
|Land Area||76,440 square feet (1.76 acres)|
100 E 16th Street
This site offers a prime development opportunity for a complete city block (29,385 square feet) located ½ block from the Brandywine River with extraordinary views up and down the river. Ideally suited for residential development with the H. Fletcher Brown Park and St. Patrick’s Church both located right across the street.
|Owner||Winkler Associates, LP|
|Address||100 E 16th Street, Wilmington, Delaware|
|Land Area||29,385 square feet (0.67 acres)|
9th & Washington Streets
This assemblage of land is nearly 2 acres of prime downtown real estate occupying nearly a whole city block. Located on the western portion of the CBD, this property could be developed for a variety of mixed uses including office, call center, retail residential, parking or any combination.
|Address||402 W 9th Street, 804-828 Washington Street & 809-823 West Street, Wilmington, Delaware|
|Land Area||86,272 square feet (1.98 acres)|
6th & Orange Streets
Located on the Orange Street Corridor in the middle of downtown, this property has the potential for mixed use development of office, retail and residential. At the intersection of 4 other parking facilities, this may also represent the anchor for development of a downtown campus.
|Address||600 N. Orange Street, Wilmington, Delaware|
|Land Area||29,227 square feet (0.67 acres)|
5th & Orange Streets
This site represents tremendous development opportunity, with over an acre and a half of land located along the spine of western downtown Wilmington(Orange Street). Currently serving as a 174-space surface parking lot, this site offers a variety of development opportunities, including office, retail and residential.
|Address||5th & Orange Streets Wilmington, Delaware|
|Land Area||68,023 square feet (1.56 acres)|