Capano Management Announces Development of the Former Bancroft Mills 346-Unit Luxury Rental Apartment Development

Wilmington developer, Louis Capano III, announces the redevelopment of a 12-acre former mill complex dating from 1787 into an exclusive 346 unit apartment community. Rising above the beautiful Brandywine creek, the historic Gilpin Mill was once a paper mill, a textile mill and a Dye company closing in 2003. Developer Capano re-imagined it into a community of 346 exclusive apartments with sweeping vistas of the scenic Brandywine Creek. The community will be a prime example of a Class A multifamily development.