Former M&T Bank demo’d in Forgotten Mile
The former M&T Bank on Route 1 in the Forgotten Mile just north of Dewey Beach is no more.
Demolition crews took down the small building July 30, as part of the first step to redevelop the property into seven luxury single-family homes.
The 0.7-acre property was purchased for $2.1 million in July 2024 by EVG - Admiral Ventures LLC of Chantilly, Va. A sign on the property says Evergreen Homes is planning to build a community called Even Tide.
According to Sussex County records, the Sussex Trust Co. purchased the property in 1983 to build a “drive-in” bank. M&T Bank took over the property about 2011.
Evergreen Homes, as EVG-UDC Ventures LLC, is also planning to build seven units at the site of the former The Dunes motel just a few hundred feet south.
Nick Roth is the news editor. He has been with the Cape Gazette since 2012, previously covering town beats in Milton and Lewes. In addition to serving on the editorial board and handling page layout, Nick is responsible for the weekly Delaware History in Photographs feature and enjoys writing stories about the Cape Region’s history. Prior to the Cape Gazette, Nick worked for the Delmarva Media Group, including the Delaware Wave, Delaware Coast Press and Salisbury Daily Times. He also contributed to The News Journal. Originally from Boyertown, Pa., Nick attended Shippensburg University in central Pennsylvania, graduating in 2007 with a bachelor’s degree in journalism. He’s won several MDDC awards during his career for both writing and photography. In his free time, he enjoys golfing, going to the beach with his family and cheering for Philadelphia sports teams.
