Vertical construction is underway at the Avenue North hotel, retail, and residential portion of the AstraZeneca Fairfax Campus expansion in Newark, DE.
The $350 million project on the 80-acre site will create new office space to support the growing life sciences community. It also has a mixed-use development, which will include at least 300 apartments totaling more than 450,000 square feet. To meet the needs of those new residents as well as office workers, there will be 200,000 square feet of retail stores, as well as restaurants, a fitness center and day care constructed.
A five-story, 200-room, 180,000 square foot luxury hotel and meeting facilities will be built near the entrance of the complex to meet the needs of those visiting the campus off of Route 202.
Developer Dell Dunne and Associates says the development will be the first of its kind in Delaware. No completion date has been set.