8A — February 14 - 27, 2014 — Mid Atlantic Real Estate Journal


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reater Newark, DE is going through a revolu- tionary transformation. By Michael Smith, Greater Newark DE Greater Newark: it all adds up G

regarding, place, driving innova- tion. GreaterNewark, DE is well situated to be the place in the Mid-Atlantic mega region driv- ing innovation. Global leaders such as Air Liquide, AstraZeneca, Chris- tiana Care, DOW Chemical, DuPont, W.L. Gore, FMC, GE Aviation and Siemens Health- care Diagnostics have chosen to locate in the Greater Newark Area because of its strategic lo- cation in the Mid-Atlantic near Interstate 95, its highly educated workforce, its proximity to a top research university and its re- sponsive local government—as well as a quality of life that’s af- fordable, fun and family-friendly. These innovative companies see

Greater Newark as the place driving innovation. Along with these global lead- ers, Greater Newark’s new an- chor tenant is the University of Delaware. After Chrysler shut down their car manufacturing facility, the university purchased the 272 acre brownfield site as the new innovation opportu- nity zone for the region. To date, Bloom Energy from Sunnyville, CA has moved their East Coast operations to STAR Campus at UD. They manufacturer Bloom Energy Boxes. These boxes put natural gas through a catalytic process that outputs electricity. Bloom is trying to revolutionize energy in the United States. Along with Bloom Energy, the CollegeofHealthSciencesopened their new building on January 2nd of this year. They will have three wings of the building to promote cross-collaboration between academia, government and business. Recently, the Data Centers, LLC also signed a land- lease deal with the University of Delaware for 900,000 s/f of space. They will co-generate their own power for 100%reliability.As you can see, the new STAR Campus is bringing businesses that can work in collaborative ways with the University of Delaware and make the University the eco- nomic development driver for years to come. To go with its new innovation hub, Greater Newark, DE has a vibrant downtown. New devel- opment projects continue to pop up on Main Street that cater to a mixed use, urban crowd. The Philadelphia 76ers moved their D-League basketball teamto the University of Delaware’s Bob Carpenter Center.You canwatch the 76ers top prospects play in the Newark one week for the 7’s and then make the short drive to Philadelphia to see them star in the NBA. Greater Newark, DE isn’t just for the university students. With new, executive style restaurants like Taverna, 16 Mile Taphouse and Iron Hill Brewery, people of all ages are migrating downtown. Baby boomers and millennials alike are wanting to live, work and play in Greater Newark, DE for its location, opportunity, quality of life and cost of living/doing business. In Greater Newark, DE, the creative economy is set to take off and be the new leader in the Mid-Atlantic mega region for innovation. Place matters and Greater Newark, DE is the place that is driving innovation for the future. In Greater Newark, DE, it all adds up. n

The Greater Newark Eco- n om i c De - v e l o pm e n t Partnership h o s t e d a n event around a t h o u g h t p r o v o k i n g economic de-

Michael Smith

To participate, please call Linda Christman at 781-871-5298 x 203 or Email Lchristman@marejournal.com

velopment trend on Thursday, January 23rd at the Embassy Suites in Newark, DE. GNEDP brought in world renowned thought leader Steven Pedigo from Richard Florida’s Creative Class Group. The heart of the presentation and discussionwas

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