DEWEY BEACH, DE—The developers of the LighthouseCove project here have put off planned renovations to someexisting hospitality space and instead are looking to add morecondominiums and hotel space.

"We didn't know whether the hotel was going to work or not. It'sworked beautifully," says E. Thomas Harvey,president of Dewey Beach Enterprises, which owns Lighthouse Cove'sblock between Dickinson Street and Van Dyke Street. "So we're doingit a piece at a time. That's allowing us to do what we try to do onevery project of this scale, which is find the market as wego."

The company has obtained permits from Sussex County to add a newbuilding that would feature 22 additional hotel rooms on two floorsand 10 more condo units on two floors. Harvey says his intends toadd 18 condos by May 15th on the Dickinson Street side of theproperty, according to the News Journal.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.