Newark, DE to get transformational redevelopment project

College Square Shopping Center in Newark, DE, is about to receive a makeover.

Real estate investor Fusco and apartment developer CornerstoneTracy have partnered up to transform the square with retail shops, restaurants, and apartment complexes.

“[This project will] transform the College Square property into a walkable and bikeable active lifestyle center, with high-quality apartments designed for working professionals and empty-nesters,” a joint release said in a statement in Delaware Business Now. “The project looks to establish a modern, amenity-rich destination that will provide a unique sense of place.”

The residential units will mostly be studio or one-bedroom apartments in order to meet high demands.

The developments are projected to breathe new life into the square.

Photo credit: Delaware Business Now