432 Frederica Road, Frederica, DE 19946

Asbury Square is a 21+/- acre retail, dining, and hospitality development project with utilities and stormwater management in place. The package notes that final site plan approval is in place and recorded, and that no off-site improvements are needed, with construction notes indicating no contributions to infrastructure. The site also includes 900'+ of direct road frontage along southbound Route 1 and exposure tied to a 4,000'+ length of Route 1.

The property is positioned on the east side of Frederica Road and the west side of Route 1, inside Frederica town limits. It sits just north of the new south Frederica interchange and is directly across Route 1 from DE Turf, Kent County’s regional sports complex. Ingress and egress are described as being from Frederica Road at a point just north of the Route 1/Frederica Road interchange.

The secured SpringHill Suites by Marriott indicates a hotel component within the overall project, with construction on an 88-room hotel expected to commence in late 2021. With its proximity to DE Turf and the interchange access serving sports complex attendees and transient travelers, the site is designed to support uses including hotels, restaurants, and convenience or fuel users. For buyers and operators, the existing site plan and in-place utilities and stormwater are intended to reduce early development requirements.