The PA/NJ/DE CCIM Chapter hit the beaches of Delaware last week for some oceanside fun, sun, learning and networking. Presented were an outline and tour of the main economic drivers in the area: Meds (medical office), beds (residential, multifamily and hospitality), Suds (Tourism) and Buds (Medical Marijuana). The program included tour of new developments on Delaware’s famous “Jolly Trolley”.
Participants visited a medical center under construction in Milford where the conversation also included the expansion plans of Southern Delaware’s healthcare leader, Bayhealth since these developments will spur additional growth in the medical, office and retail sectors in addition to their positive impact on land valuations.
Another stop on the tour was Sussex County’s only Medical Marijuana outlet. Discussed were the intricacies of the of approving, financing and building new growing and dispensary facilities. Lastly, for recreation, PA/NJ/DE CCIM Chapter members and their guests got to experience a literal flavor from the 8 breweries in the areas followed by lunch at the Big Chill Surf Cantina in the Indian River. This new beachfront facility is a great showpiece of the public/private partnership between an operator providing food, drink, sundries and facilities to beachgoers on on oceanfront land owned by The Delaware State Park Commission.
The final stop on the tour was a sneak peek at the partially constructed Hyatt Place hotel with residences in Dewey Beach. The tour and day were concluded at the Dogfishead Brewery in Milton where participants were invited to sampled local produce at their farmer’s market.
A great pre-weekend day at the beach courtesy of the PA/NJ/DE CCIM Chapter!