The Falcon Project is a redevelopment initiative in the city of Wilmington, Delaware, USA, that aims to transform a vacant office building into a mixed-use development that includes residential, commercial, and community space.
The project is located at 701 North Market Street, which was formerly the headquarters of the MBNA Corporation. The building has been vacant since 2006 and has since become a prominent blight in downtown Wilmington.
The Falcon Project is being led by the Buccini/Pollin Group, a real estate development firm based in Wilmington. The project includes the renovation of the existing 15-story building and the construction of an adjacent 8-story building.
The renovated building will include 201 residential units, including both market-rate and affordable housing. The new building will include retail and commercial space on the first floor, with the upper floors dedicated to office space.
In addition to the residential and commercial components, the Falcon Project will also include community space, such as a community center and a public plaza. The project is expected to create hundreds of new jobs and generate millions of dollars in economic activity.
The Falcon Project is part of a broader effort to revitalize downtown Wilmington, which has struggled with high vacancy rates and economic challenges in recent years. The project is expected to be a significant catalyst for economic growth and revitalization in the city, helping to attract new businesses and residents to the area.