you're reading...
News and Info

Announcement from Tarabicos Grosso, LLP — Town of Whitehall

After more than 10 years of planning, researching the market, designing extensive architectural plans, developing the New Castle County SMART Code, and attending numerous public hearings, on Thursday, October 30, 2014, our client Whitehall Ventures, L.L.C. closed on the purchase of Village I of the Town of Whitehall.  Whitehall Ventures, L.L.C.  is a joint venture between the Welfare Foundation, EDiS Company, and Eastern States Development Company, Inc.

The Town of Whitehall is a new, innovative, and groundbreaking community that will consist of 7 villages and hamlets and will be the first community of its kind in New Castle County. The high-quality design standards of the community nurture highly walkable and livable spaces, while also following guidelines defined in the Village and Hamlet Chapter of the New Castle County Code.  In addition to a mix of uses that incorporates extensive retail, office, educational, and civic spaces not only within Village I, but also throughout the entirety of the Town, Whitehall features an incredibly diverse assortment of housing types including townhomes, semi-detached homes, apartments, single family homes, and live/work units.  With its combination of residential, civic, commercial, business, entertainment, and natural spaces, Whitehall restores and revitalizes the concept of a classic American small town.

The transaction on October 30th included not only the purchase related to Village I, but also a $10.5 million financing for the development and construction of Village I.  In order to commemorate this momentous occasion, participants at the closing toasted the event with a bottle of Ratafiá Praesidium wine, given to Larry Tarabicos by Mr. Richard Julian, Sr. five years ago with the intent that it be used to celebrate a very important event.  Ratafiá wine was used in ancient Italy to ratify deals or to celebrate momentous occasions.


Pictured above:  Mr. Steve Martinenza – Assistant Treasurer of Welfare Foundation, Inc.; Mr. Peter Morrow – President of Welfare Foundation, Inc.;  Larry Tarabicos – primary legal counsel for Whitehall Ventures, L.L.C.; Mr. Brian DiSabatino – President and CEO of EDiS Company; Geoffrey Grosso – legal counsel for Whitehall Ventures, L.L.C.; Mr. Richard Julian Jr. – Vice President of Eastern States Development Company, Inc.; Ms. Hughlett Kirby – Vice President at M&T Bank;  Joy Barrist – legal counsel for Welfare Foundation, Inc. and M&T Bank.

About HBA of Delaware

HBA/DE has been an integral part of the growth and economic development of the State of Delaware since 1947. HBA/DE was founded as a non-profit state affiliate of the National Association of Home Builders (NAHB) representing home builders and other businesses directly related to Delaware's Home Building Industry. Consisting of Builders, Remodelers and a group of diversified associate members, the Home Builders Association of Delaware strives to protect and preserve housing as a symbol of America.


No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

back to HBADE Website


  • Engaging and Attracting Young Professionals: A Dialogue September 22, 2017
    NAHB is hosting two virtual town hall meetings in October to explore ways to best serve and recruit young professional members.
    NAHB Now
  • Focusing on Our Future Leaders September 22, 2017
    As NAHB’s Professional Women in Building (PWB) Week draws to a close, we take a look ahead to the future and the young women who will one day help lead our industry. PWB, in partnership with NAHB Student Chapters and the Young Professionals Committee, is helping to develop the next generation of female leaders. Through mentoring […]
    NAHB Now
  • Meet the Quick Issues Index September 22, 2017
    When the NAHB leadership meets to discuss the challenges and celebrate the accomplishments of our Federation, they have a lot of information to digest: Easy access to advocacy updates, stats on budgetary trends, membership growth figures and more allow the board to continue to make informed, efficient decisions.
    NAHB Now
%d bloggers like this: