Wilmington-based developer, The Buccini/Pollin Group, Inc. (BPG), and BPGS Construction are proud to announce the Grand Opening and Ribbon Cutting Celebration for MKT 627 and 608, two apartment buildings consisting of 74 units located on Market Street. The new units are more than doubling the portfolio of the existing MKT apartments, making the new unit total 114.
MKT 608 marks a pivotal moment for the city, as it is the first ground-up apartment community on Market Street in over 50 years. MKT 627 took over a space that was formerly vacant and once Delaware State University’s Wilmington Campus.
The two new buildings will be managed by BPG’s residential operations arm, ResideBPG. While BPG’s goal is to continue the revitalization of Wilmington’s downtown by bringing more residents to live, work and play there, ResideBPG’s mission is to provide professional management services and amenities to the residents that will allow them to live the exciting concierge-style, urban living lifestyle that residing downtown can offer. ResideBPG’ residents benefit from perks such as community-wide events, discounts to local shops, restaurants and entertainment venues, and complimentary Delaware Sports League memberships.
The MKT community under the ResideBPG umbrella was previously named The Residences at LOMA. With the new apartments coming on board and many other establishments utilizing the LOMA brand, BPG decided it was time for a fresh, new look to go along with the trendy loft-style apartments.
The additional MKT communities are walk-up style along Market Street above the commercial businesses and each contains unique historical features. The apartment count is as follows: 421 MKT -12 units, 837 MKT-6 units, 811 MKT-11 units, 823 MKT-6 units, 815 MKT-3 units, 831 MKT-2 units, 608 MKT-28 units, 627 MKT-46 units. The community offers a variety of studio, one and two bedroom floor plans, several featuring multi-level living space, exposed brick and original beams.
With floor to ceiling views of Market Street, quartz countertops, exposed elements and stainless-steel appliances the two new buildings have been well received by the community, 608 MKT has been leasing for 2 months and is already 61% occupied while 627 MKT plans to open its doors October 1st and is already 13% pre-leased. Residents are enjoying the walkable lifestyle and convenient location.
Following the speeches and the ribbon cutting, guests will be invited to tour 608 and 627 MKT for the chance to win a Mini IPad and enjoy the Tuned-IN Wilmington Block Party Masterpiece on Market featuring complimentary live performances throughout the 5th and 6th Street Blocks, a wine garden, food vendors, yard games and over 33 organizations and artist’s booths.
For more information on MKT, please call 302.893.7413 or visit www.residemkt.com. The community’s Leasing Center is open weekdays from 8:30 AM -5:30 PM.
As Market Street continues to thrive with new businesses, people of all backgrounds desire to call it home. From local empty-nesters allured by the arts and entertainment that the city has to offer to the first-time Wilmington residents new to the area, MKT invites you to become a part of the Market Street Story!