SALISBURY, MARYLAND – September 20, 2023 – The principals of NAI Coastal (NAI) proudly announce the firm’s partnership with 9th Street Development Company (9SDC), a Wilmington-based developer known locally for their recent acquisition of Nylon Capital in Seaford, Delaware. After standing largely vacant for nearly a decade, the shopping center and surrounding acreage are slated for large-scale redevelopment in the coming year. Principal Chris Davis and Associate Advisor Shelby Gillis will exclusively offer for lease all commercial availability within the redeveloped site.

“We are excited to collaborate with NAI Coastal in our revitalization of Nylon Capital. Their team shares in our enthusiasm for the project and that is sure to be a driving force behind the success of our partnership,” said Rob Herrera, Co-Founder of 9SDC. “In its former life, this shopping center was a true community hub – a gathering place for the residents of Seaford and beyond. We feel very confident that our plans for the site will restore its value to the Sussex County community.”

The project is characterized by its commitment to versatility and inclusion; 9SDC aims to foster a sense of unity while satisfying a variety of community needs. Upon completion, the development will span 218,000+ square feet, covering roughly 23-acres along West Stein Highway. Current plans boast a mix of adaptive reuse and new construction, creating an ideal environment for a diverse range of tenants.

“The site has been strategically designed with both institutional and recreational users in mind,” said Davis. “We are thrilled to represent such an impactful project led by developers with a genuine interest in the betterment of our Delmarva community.”

First to secure space within Nylon Capital were anchor tenants, Delaware Technical Community College (DelTech), Bright Bloom, an early education Montessori school, and The Mill. In response to community feedback, 9SDC and the NAI listing team are prioritizing the addition of a premier medical tenant and a highly requested bowling alley operator.

“Nylon Capital will not only be a place to work and learn, but also a space where fun is had and memories are made,” said Gillis. “It is the kind of project that can redefine a community with its economic and social impact, and I am honored to play a role in its establishment.”

To inquire about the remaining 50,000+ SF now available for lease, please contact Chris Davis or Shelby Gillis at chris@naicoastal.com / shelby@naicoastal.com or by calling (410) 543-5115.

About NAI Coastal

NAI Coastal is a full-service commercial brokerage headquartered at Riverview Commons, 150 West Market Street, Suite 101 in Downtown Salisbury, Maryland. The team of twelve advisors have comprehensive market knowledge and an unwavering commitment to the Delmarva region. In addition to brokerage and development, NAI Coastal rounds out their service offerings with consulting, which covers leasing, assemblage, acquisition and sale and investment advising. For more information please visit www.naicoastal.com or call 410-543-5115.