The long-awaited groundbreaking took place today for a snazzy, major new apartment development on the banks of the Brandywine River. The Reserve at Rockford Falls, as it will be known, was celebrated by builders Capano Residential and city of Wilmington officials, who heralded the new housing community at the location of the historic Bancroft Mills as a transformational effort.
The 346-unit apartment complex replaces the Bancroft site that was shuttered in 2003 — a once thriving paper mill, textile mill and dye producer.
Louis J. Capano III, the company’s CEO, said his firm reimagined the abandoned site as a community of luxury residential units with sweeping vistas of scenic Brandywine Creek. “This new community will serve as a prime example of an upscale multifamily development,” he said.
Capano said the vacant mill property will be transformed into an unrivaled residential community ideal for walking and biking. The development will offer studio and 1-, 2- and 3-bedroom apartments. Residents will have access to 7,000 square feet of amenities, including a multimedia club room with game tables, state-of-the-art fitness center, yoga studio, library, outdoor resort-style pool and rooftop deck with expansive views of Rockford Falls and Alapocas Run State Park.
“I am pleased to join today with Louis and his team as they begin this wonderful new housing project at one of the most beautiful sites in all of Wilmington,” said Wilmington Mayor Mike Purzycki. “This area is proving to be a very popular new City neighborhood. The Reserve at Rockford Falls is also part of a continuing residential renaissance for Wilmington, which is helping to strengthen the City in a variety of ways.”
In conjunction with the Delaware Department of Natural Resources and Environmental Control (DNREC), a new public pavilion, restrooms and dedicated entrance will be added to the 415-acre Alapocas Run State Park in connection with the development. The park features Rock Manor Golf Course, hiking and biking trails, and a popular rock-climbing wall.
Construction will take place in two phases, with the first 182 apartments available for occupancy in early 2020.
“We’re extremely excited about providing nearly 350 units of prime rental housing to a key Wilmington location and we know that future residents will be delighted with both our quality of construction and our attention to resident needs,” said Capano. “This is a significant development for the Wilmington area and we’re looking forward to creating a unique and unmatched residential environment that the people of Wilmington deserve.”