Mid Atlantic Real Estate Journal — May 31 - June 13, 2013 — A


M id A tlantic R eal E state J ournal D Commercial/residential resort include Hyatt Place hotel DBE prepares for Lighthouse Cove Dewey Beach opening ewey Beach, De — With Phase 1 con- struction underway

on one of the largest projects across the First State, Dewey Beach Enterprises (DBE) is preparing for the grand open- ing of The Lighthouse Cove Dewey Beach Resort project this summer. The Phase 1 “mixed use” commercial and residential resort structure includes the first-ever Hyatt Place Hotel in Delaware and 16 penthouse ocean view luxury condominiums, known as the Residences at Light- house Cove, located above the hotel. Delivery of both the Hyatt Place Hotel and luxury penthouse condominiums is expected this summer. Among the many items of breaking news: • The fourth and final level of the mixed-use structure, which features the 16 luxury penthouse condominiums, known as the Residences at Lighthouse Cove, was recently “topped off” and framing for the 16 condominium units has begun. • All three levels of the Hyatt Place Hotel rooms have been framed, and 50+ work- ers are currently completing HVAC, plumbing and electrical “rough-in” work within those hotel rooms. Upon completion and full project build-out, the Lighthouse Cove resort will ultimately create 600 perma- nent and seasonal jobs. • Hyatt Place Dewey Beach will create 30 full-time posi- tions related to the hotel operations beginning this summer. DBE recently hosted a pri- vate hardhat tour of the con- struction site with community leaders, local business owners and area residents. Sen. Ernie Lopez, R-Lewes, praised the project following the recent tour. “As a legislator, some- one who believes in economic growth and economic develop- ment especially during these tough times, being there in support of a project like this is something that is extremely important to me,” said Lo- pez. Speaker of the House Rep. Pete Schwartzkopf, D- Re- hoboth Beach, also attended the private hardhat tour and said, “It’s the biggest building project I know of anywhere around here in the middle of a recession. It’s going to bring people down here and going to

Hyatt Place Hotel

bring business down here.” Upon completion, the Light- house Cove Resort project will have a positive economic effect on the entire region, including seasonal and year-

round employment, increased property values, and expanded family entertainment choices for Dewey Beach and neighbor- ing communities throughout Sussex County. n

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