Tuesday, November 15, 2011

Buccini to build 116 riverside apartments

"Wilmington's Buccini/Polllin Grojup plans a new 116-unit apartment complex, "The Residences," at their Justison Landing development on the Christina River near the little city's Amtrak station. Units will lease around $1,250/one bedroom, $1,500/2 bedrooms. No public construction subsidies, the company says.

Brothers Chris and Mike Buccini stumbled with condos in the neighborhood during the recession, but after selling their inventory cheap at auction they're back with what the low-interest but tight-credit market now demands: rentals."

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