Volume 95 Issue 17 | p. 9 | News of The Week
Issue Date: April 24, 2017 | Web Date: April 19, 2017

Historic DuPont Building slated for redevelopment

Chemours will occupy renewed space, and the adjacent turn-of-the-century Hotel DuPont will be preserved
Department: Business
Keywords: business, office space, DuPont, Chemours
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The Green Room in the Hotel DuPont will be preserved.
Credit: Hotel DuPont
A photo of a formal dining room with elegant tables set for dinner.
 
The Green Room in the Hotel DuPont will be preserved.
Credit: Hotel DuPont

For more than a century, an early 20th-century high-rise building in Wilmington, Del., served as the headquarters of the iconic chemical company E. I. du Pont de Nemours & Co. Now the DuPont Building and colocated Hotel DuPont have been sold to a real estate developer that plans to modernize them and turn them into a mixed office, residential, hotel, and retail complex.

DuPont, which plans to merge with Dow Chemical later this year, had bid adieu to the city of Wilmington in 2015 and moved its headquarters to nearby Chestnut Run Plaza. It handed over ownership of the 13-story hotel and DuPont Building to its fluorochemicals spin-off Chemours. DuPont continued to manage the hotel until February when it sold the business to the Buccini/Pollin Group, a Wilmington-based real estate developer.

The real estate group has now completed the purchase of the DuPont property from Chemours. It plans to refurbish 24,000 m2 of office space and lease it to back to Chemours. The chemical company will continue to use the DuPont building as its headquarters.

Buccini/Pollin plans to lease an additional 5,500 m2 of multitenant office space in the building. It also expects to carve out 180 luxury residential units from the DuPont Building, which dates to 1908.

The group promises to preserve the 1913 Italian Renaissance style Hotel DuPont, including the paneled two-and-a-half-story-high Green Room restaurant.

All told, Buccini/Pollin says it will spend $175 million on the complex redevelopment, which will also include 3,700 m2 of ground-level retail and dining space.

Maintaining Chemours’s headquarters in the DuPont Building acknowledges its legacy, CEO Mark Vergnano says. The refurbished offices will also mark Chemours’s transformation into a “world-class chemistry company” in a “world-class work environment,” he says.

 
Chemical & Engineering News
ISSN 0009-2347
Copyright © American Chemical Society
Comments
Robert Buntrock (Tue May 02 22:07:02 EDT 2017)
Ah, the Hotel DuPont. I stayed there the night before my interview in '66 when still in grad school at Princeton (but I don't remember breakfast in the Green Room). An introduction to DuPont efficiency, I had mail when I checked in. Included were multi-page DuPont brochures and a loose leaf note book with my schedule spelled out, to the minute, including pictures of those who I'd be speaking with (Roy Plunket, Mr. Teflon, was included). Impressive display of the "Uncle Dubie" culture. However, although the interviews were conducted at the Experimental Station (lunch was at a neat Colonial Restaurant in Newark DE featuring snapper soup), the job would be at the Deepwater plant in NJ across the Delaware Memorial Bridge, not an area we'd like to live in (most of the staff lived in DE). Besides, the offer was lowest among the three I got. If it would have been at the Experimental Station, I would probably have taken it but I didn't. The rest is history, a good history, I wouldn't change anything.

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