{"id":19163,"date":"2021-01-19T17:23:22","date_gmt":"2021-01-19T17:23:22","guid":{"rendered":"https:\/\/www.cdcco.com\/?page_id=19163"},"modified":"2021-08-11T19:56:54","modified_gmt":"2021-08-11T19:56:54","slug":"first-state-crossing-claymont-de","status":"publish","type":"page","link":"https:\/\/www.cdcco.com\/projects\/first-state-crossing-claymont-de\/","title":{"rendered":"First State Crossing"},"content":{"rendered":"

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Former Evraz Steel Mill<\/strong>
\nClaymont, Delaware<\/em><\/h3>\n

[\/vc_column_text][vc_empty_space height=”20″][vc_column_text]In 2015, CDC announced the purchase and environmental liability transfer of a 425-acre retired steel mill in Claymont, DE (outside Philadelphia). This transaction jumpstarted environmental remediation and demolition which has led to a large-scale development project now underway. CDC is now planning a $500 million new construction project is expected to have the largest economic development impact of any project under way in the state.<\/p>\n

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The plan includes 3.75 million square feet of new construction \u2013 office, residential, retail, and light-industrial. Additionally CDC donated 15 acres to the state for the construction of a new top tier transit center connecting the new development to Philadelphia and other neighboring metro areas.<\/p>\n

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Catalyst for Re-development: <\/em><\/strong>Estimated to bring 5,000 jobs to the local area, the \u201cFirst State Crossing\u201d development initiative is slated to break ground following environmental remediation in 2021.[\/vc_column_text][vc_empty_space height=”10″][vc_separator][vc_empty_space height=”10″][vc_column_text]<\/p>\n

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For additional information or questions about this property, please contact Steve Collins at scollins@cdcco.com<\/a>.<\/p>\n<\/div>\n<\/div>\n

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