16A — January 25 - February 7, 2013 — Mid Atlantic Real Estate Journal


T he R esidences at L ighthouse C ove The mixed use redevelopment project is owned by Dewey Beach Enterprises Spectacular Hyatt Hotel-luxury condominium project underway at Dewey Beach, DE

t’s never too early to be thinking about the sum- mer – especially inDewey Beach, Delaware. Phase 1 construction is un- derway for a spectacular Hyatt Place Hotel and luxury con- dominium bayside resort in Dewey Beach, Delaware, with a Grand Opening anticipated by Memorial Day weekend 2013. Themulti-phased, multi-mil- lion dollar mixed use redevel- opment project at Lighthouse Cove (formerly Ruddertowne), one of the largest private con- struction projects underway in Delaware, will ultimately include the Hyatt Place Hotel; 105 luxury residential condo- miniums (known as the Resi- dences at Lighthouse Cove) with breathtaking views of the Atlantic Ocean and Rehoboth Bay; a 21st Century confer- ence center with banquet capability and meeting space; three award-winning bayfront restaurants; and Welcome Center with commercial retail space; and both interior and exterior parking to accommo- date year-round amenities. The mixed use redevelop- ment project is owned by Dew- ey Beach Enterprises (DBE), whose managing partner is Harvey, Hanna & Associates, Inc. DBE’s vision is help- ing this summer resort town evolve into a 21st Century destination worthy of its many amenities and consistent with the Town’s comprehensive de- velopment plan. As a unique stretch of real estate, Dewey Beach is a barrier island only two blocks wide, one mile long, and surrounded by water – the Atlantic Ocean to the east and Rehoboth Bay to the west. For families who love the water and family-friendly destina- tions, Dewey Beach marks a “way of life” for all types of recreation and relaxation, lo- cated only a short drive from New York City, Philadelphia, Wilmington, and Washington DC. “This is a legacy redevelop- ment project for Dewey Beach and the entire coastline,” said E. Thomas Harvey III, presi- dent of DBE, “and the mixed use commercial, residential, and hotel conference center will expand family-friendly tourism and year-round living for decades to come.” In a challenging economic en- vironment, the Lighthouse Cove project is currently employing 45 I

Mixed use redevelopment at Lighthouse Cove (formerly Ruddertowne). Hyatt Place Dewey Beach is currently accepting advance reservations for weddings, conferences, social events and group bookings. For additional information, visitors can call 888-216-2804.

Top Floor Plaza rendering

Interior of model unit for the Residences

Phase 1 construction

full-time subcontractors, with 50+ additional plumbing, HVAC, and electrical subcontractors on the horizon for “rough-in” work in the coming weeks. Upon completion, the Lighthouse Cove Resort complex will increase property values and revenues in Dewey Beach, provide year- round employment, and expand family-friendly entertainment in the region. A final artistic rendering depicts the project upon com- pletion, showcasing a world- renowned Hyatt Place Hotel and 21st Century luxury con- dominiums that feature stun- ning views of both theAtlantic Ocean and Rehoboth Bay. Given the scope of the proj- ect, DBE is partnering with specialists who know their re- spective trades. DBE secured a franchise agreement with Hyatt Hotels Corporation in July 2012. Headquartered in Chicago, Hyatt Hotels Corpo- ration is a widely recognized global hospitality company with a tradition of innova- tion and authentic hospitality developed over more than 50 years. The Hyatt Place Hotel at Lighthouse Cove marks the first-ever Hyatt brand in Delaware.

Meyer Jabara Hotels, an award-winning hospitality company owning and operat- ing premier hotels in 13 states, has been retained by DBE to operate the new Hyatt Place Hotel and adjacent confer- ence center. Meyer Jabara Hotels represent the brands of Marriott, Sheraton, Hil- ton, Hyatt, Holiday Inn and Crowne Plaza as well as inde- pendent boutique hotels. The HiltonWilmington/Christiana in Newark, Delaware, The Courtyard by Marriott Boston Copley Square in Boston, The Stamford Marriot Hotel and Spa and Pier 5 Hotel in Bal- timore constitute a few of the marquis names Meyer Jabara represents. Hyatt Place Dewey Beach is currently accepting advance reservations for weddings, conferences, social events and group bookings. The phase 1 luxury con- dominiums, known as The Residences at Lighthouse Cove, are being built on the 4th floor above the Hyatt Place Hotel and thereby fea- ture unparalleled Oceanside views, with 2 BR, 3-BR and 4-BR models offering balcony or terrace privacy. DBE has

Grand Opening anticipated by Memorial Day weekend 2013 standing addition to our Dela- ware coastline,” said Alan Levin, secretary, Delaware Economic Development Office (DEDO).

retained McWilliams/Ballard of Washington DC, one of the largest new homes sales and marketing firms in the nation, to assist with the marketing and sales of the phase 1 luxury condominiums. An exquisite, fully-furnished condominium model is now open for private tour by appointment, with special broker and buyer in- centives underway. “Excitement has accelerated in the New Year, said Laura Henne, sales director, and five of the anticipated twelve luxury Oceanside condomini- ums have already sold.” “This project is a tribute to the strength of Delaware tourism and will be an out-

Dewey Beach and the sur- rounding coastline offerworld- class beaches, pet-friendly beach life, unparalleled bay recreation, upscale restau- rants and nightlife, tax-free shopping, and seasonal and year-round family-friendly amenities. But while progress makes its mark, Dewey Beach retains her charm with older cottages and homes, giving the Town a character all its own and making the Dewey Beach “way of life” an inher- ently personal experience. n

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