ATAPCO PROPERTIES ANNOUNCES ACQUISITION OF FIRST RESIDENTIAL LOT COMMUNITY IN DELAWARE

Delaware – [July 16, 2025] – Atapco Properties is proud to announce the acquisition of a 131.22-acre property in Delaware, which will become the future site of the Towne Lakes Community. The planned development will feature a thoughtfully designed mix of single-family detached and attached homes centered around a scenic freshwater lake.

The Towne Lakes Community will offer residents a high-quality lifestyle with amenities including a clubhouse, swimming pool, and fishing pier—all designed to foster a strong sense of place and community.

“We are incredibly excited to announce the acquisition of our first residential lot project in Delaware,” said Russ Powell, Chief Operating Officer of Atapco Properties. “This marks a significant milestone as we expand our footprint into the vibrant Delaware market. We look forward to contributing to the local community by delivering an exceptional neighborhood that meets the needs of today’s homebuyers. We see tremendous potential in this region and are committed to building a lasting presence here.”

Strategically located just minutes from Dupont Boulevard and directly adjacent to the Peninsula Crossing shopping center, Towne Lakes will provide future residents with convenient access to retail, services, and transportation corridors.

Site development is expected to begin in fall 2026, with the first lot deliveries anticipated by summer 2027.

 

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Atapco Properties is a wholly owned subsidiary of American Trading and Production Corporation, which was originally formed in 1931 to consolidate, expand and diversify the business activities of the Blaustein family, the founders of the American Oil Company (AMOCO). Atapco Properties is active in Maryland, Indiana, Delaware, North Carolina, Pennsylvania, and Virginia, developing state-of-the-art industrial, retail, residential, office and mixed-use projects with an emphasis on sustainability and green building standards. For more information on Atapco Properties, visit www.atapcoproperties.com.

 

Media Contact:

Sally Zabel, Marketing & Communications Manager, Atapco Properties

410-347-7258

szabel@atapco.com