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Q&A With Kevin Kelly, Co-Managing Partner, Leon N. Weiner & Assoc.
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“This is an exciting time for Wilmington,” says Rob Buccini, cofounder of developer Buccini/Pollin Group, whose roots are in the city. “Never before in the history of Delaware has so much construction taken place.”
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It's the kind of response a developer dreams of: The Weldon, a 17-unit condominium complex under construction in Wilmington, N.C., saw its pre-sells snapped up fast and for about $100,000 more per unit than expected.
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In today's market, it's easier to sell condos or rent apartments than it is to lease office space –and multifamily developers are taking note.