Here's my latest market spotlight for Architect mag:
Like many urban centers, Wilmington, Del.’s downtown started to
decline with suburban flight in the 1960s and 1970s. The dwindling
population drove small businesses out, but the corporate entities, lured
by Delaware’s business-friendly attitude (and the state’s lack of usury
laws), stayed. In the 1980s, the city became a haven for credit card
companies, including Bank of America and Chase. That boom led to bust as
Wilmington was slammed by the recent collapse of the banking industry
and the ensuing recession.
For a cool photospread and more details, click here.