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901 Market Tower – Case Study

Once considered Wilmington’s first “skyscraper,” the original six-story masonry building at 901 North Market Street was first constructed in 1892.Subsequent additions in the early 1900s added the seventh, eighth, and ninth stories. 

Renovations to the building and a 14-story addition were added in the late 1950s, along with a metal façade over the original masonry. Over the years, it has gone by the names of The Equitable Building, The Bank of Delaware, and today it is known as Market Tower. The new renovations and upgrades have transformed the property into a contemporary mixed-used building that provides multiple retail spaces along with artfully constructed apartments in the heart of Downtown Wilmington. 

The Westover Companies purchased the property with the initial intent of renovating the building for office space. Ultimately they determined the demand for apartments in Wilmington better suited the space. Construction of the $30 million dollar re-purposing of the building into a full-service apartment complex with retail and commercial space on the first floor began in 2021. The renovation included major façade upgrades to give the building a more contemporary look while still maintaining its historical aspect. There are now 82 units total that include studio, 1-bedroom, and 2-bedroom apartments.