10/23/2008
Claymont Renaissance Village is "back on schedule; Model units ready by February - Delaforum.com

BACK ON SCHEDULE: An as-yet unidentified Delaware-based firm in early November will obtain building permits to begin construction of the first residential units in Renaissance Village, Robert Ruggio, executive vice president of Commonwealth Group, told the Claymont Design Review Advisory Council. He said there will be model units ready for prospective buyers to inspect by February. Despite a three-week suspension of work on the site, which Ruggio said was the result of an administrative-type delay obtaining Delaware Department of Transportation approval of street plans, the project is back on schedule, he said.

Although he acknowledged "we're all hurting" as a result of the nationwide credit crisis and several builders in the state have suspended operations, he said some types of new houses are "selling now as they were two years ago." In response to a question at its meeting on Oct. 22 from council chairman John DeCostanza, who said he wanted to dispel rumors that the project is in danger, Ruggio said, "We feel pretty good that we're at the right place at the right time." The first units at Renaissance Village are to be built at the northwest corner of the tract adjacent to Darley Road.

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