120 S Governors

Progress on Redevelopment for 120 S. Governors Ave. - MOU Executed

Media Release

Dover, DE. The Downtown Dover Partnership (DDP) has executed a Memorandum of Understanding (MOU) with Mosaic Development Partners, JV, LLC of Philadelphia, Pennsylvania, including their partner Colonial Parking, Inc., of Wilmington, Delaware, with the intent of securing a full agreement for redevelopment of the “old Acme site” within 90 days.

The MOU outlines that DDP has begun exclusive discussions with Mosaic in support of their Response to the Downtown Dover Site RFQ 120-SG Redevelopment Project at 120 South Governor’s Avenue in Dover, Delaware. The DDP received three responses to the RFQ (Request for Qualifications.)

“This MOU with Mosaic will allow for the continuation of critical discussions necessary to finalize a Project Redevelopment Agreement that will enable us to move forward with full planning of the first mixed-use development project at 120 South Governor’s Avenue,” said Ken Anderson of Capital City 360 Consulting who serves as the Property Development Director for the DDP.

A conceptual drawing provided within the proposal for 120 S. Governor’s Ave. conceptualizes mixed-use including residential apartments of varying sizes, a small-scale grocery, and other amenities that would benefit residents and the local community. Greg Reaves, CEO of Mosaic commented, “Our team is extremely excited to move to the next step. Please send our sincere thanks to the evaluation committee. We certainly understand the importance of this first phase of Downtown Dover.”

Having just received the completed master plan in January, we are moving forward aggressively with priority projects recommended including this mixed-use project, as well as some smaller, near-term arts - and transportation-related initatives," said DDP Executive Director Diane Laird. "Both near- and long-term wins are necessary to keep the momentum going."

DDP Board President Todd Stonesifer enthusiastically noted that integral pieces of the puzzle are beginning to come together toward the first major redevelopment project that will begin the transformation of the Capital City.

City Manager Dave Hugg indicated that the City is currently considering proposals for reuse of the former Post office location at Legislative Ave. and Loockerman St. and that design work is beginning for downtown utility upgrades which will enable these kinds of large-scale redevelopment projects to be built.

For more information on the Capital City 2030: Transforming Downtown Dover! master plan and related contractor and redevelopment opportunities, contact Ken Anderson Ken@DowntownDoverPartnership.com, visit: https://www.downtowndoverpartnership.com/ or call 302-678-2940.

Attached image represents a conceptual drawing for 120 S. Governor's Ave.

Zoom Sessions - 120 S. Governors Ave.

Tues. July 11, 2023