PRESS RELEASE: Councilman Coby Owens Joined Community Leaders for Groundbreaking of 2923 N. Market Street Development Project
Thursday, March 19, 2026
Councilman Coby Owens Joined Community Leaders for Groundbreaking of 2923 N. Market Street Development Project
Wilmington, DE – On Thursday, March 19, 2026, Councilman Coby J. Owens joined community leaders, partners, and residents to celebrate the groundbreaking of the 2923 N. Market Street Development Project, a new mixed-use development that is expected to bring affordable housing and economic opportunity to Wilmington’s North Market Street corridor.
1st District Councilman Coby Owens joined community leaders, partners, and residents to celebrate the start of construction at 2923 N. Market Street. Photography by Nysier Judkins, Legislative Research & Policy and Communications Intern for Wilmington City Council.
The event, hosted by Jumpstart Wilmington, a program developed and launched by Cinnaire, marked an important step forward for a site that had previously remained vacant before being acquired through the Wilmington Land Bank. Councilman Owens delivered remarks as a featured speaker during the ceremony, highlighting the project’s significance for neighborhood revitalization and community investment.
1st District Councilman Coby Owens delivered remarks as a featured speaker during the ceremony of the start of construction at 2923 N. Market Street. Photography by Nysier Judkins, Legislative Research & Policy and Communications Intern for Wilmington City Council.
The development will introduce a new 7,200-square-foot mixed-use building designed to support both local business growth and housing stability. Plans for the project include two restaurant-ready commercial spaces on the first floor, creating new opportunities for small businesses and local entrepreneurs along the North Market Street corridor.
The upper floors will include four family-sized, three-bedroom apartments that will be made available to Section 8 households, helping expand access to quality affordable housing in Wilmington.
“This project represents the kind of thoughtful, community-centered investment our neighborhoods deserve,” said Councilman Owens during the ceremony. “By transforming a long-vacant parcel into a space for local businesses and family housing, we are continuing the work of strengthening the North Market Street corridor and ensuring Wilmington residents have opportunities to live, work, and thrive in their own communities.”
All zoning approvals and building permits for the project had been secured prior to the groundbreaking. The development is being supported through developer equity and financing from Cinnaire.
Once completed, the project is expected to contribute to the continued revitalization of North Market Street by increasing economic activity, expanding housing options for families, and activating a previously underutilized site.
The groundbreaking event brought together representatives from Jumpstart Wilmington, development partners, local officials, and community stakeholders to celebrate the beginning of construction and the shared vision for equitable growth in Wilmington.
About Jumpstart Wilmington
Jumpstart Wilmington is a community development initiative developed and launched by Cinnaire that focuses on revitalizing neighborhoods through strategic investment, mixed-use development, and opportunities for local entrepreneurs and residents.
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MEDIA CONTACT:
Yesenia TaverasDirector of Communications, Wilmington City CouncilOffice: (302)576-2585
Mobile: (302)757-5748Email: ytaveras@wilmingtonde.govCity Council Website: www.wilmingtoncitycouncil.com