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Development news – page 34
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BSC Razing Greensboro Parking Structure to Build Apartment CommunityDemolition is underway on the Davie Street Parking Deck in downtown Greensboro (shown). The Triad Business Journal reports the move will make way for a new luxury apartment community with restaurant and retail space.
Rolex Nears Completion of 30-Story, Namesake Office Building in Midtown ManhattanNEW YORK CITY — Luxury watchmaker Rolex is nearing completion of construction of a 30-story namesake office building in Midtown Manhattan. Designed by architect Sir David Chipperfield, The Rolex Building will be located at 665 Fifth Ave. and will span 165,000 square feet.
Representative imageLife Science Construction Falls, Deals ReboundDevelopment and new starts are declining in the life science sector, mirroring national office trends as the sector adjusts. The post Life Science Construction Falls, Deals Rebound appeared first on Commercial Property Executive.
Representative imageA More Integrated Approach to Project DeliveryGrace Yu of Suffolk Design on aligning design and construction from day one, and building her voice in a male-dominated industry. The post A More Integrated Approach to Project Delivery appeared first on Commercial Property Executive.
POAH to Invest $40M in West Side Apartment RenovationPreservation of Affordable Housing Inc. (POAH) will begin a $40 million renovation project on a West Side senior apartment building. The 94-unit Corcoran Place Apartments at 325 and 345 N. Austin Blvd.
Cottonwood Group Provides $102M to Build Salt Lake City Luxury HotelThe Domain Companies has secured $102 million in construction financing to build a 216-key IHG Hotels & Resorts’ Kimpton luxury hotel in Downtown Salt Lake City, according to a release.
Trilogy Breaks Ground on 190-Unit Build-to-Rent Project in Northeast AustinAUSTIN, TEXAS — Trilogy Investment Co., a residential developer based in metro Atlanta, has broken ground on REV3 at Walnut Creek, a 190-unit build-to-rent residential project in northeast Austin.
Spectrum Bringing 267 Apartment Units to Trinity ParkThe Spectrum Companies began construction on its latest multifamily community, Vara Trinity Park, providing 267 new residential units.
Representative imageSalt River Pima-Maricopa Indian Community, Mullin 306 Receive Approval for Costco Development in ScottsdaleSCOTTSDALE, ARIZ. — Salt River Pima-Maricopa Indian Community (SRPMIC) and Scottsdale-based Mullin 360 have received approval to develop a Costco at 4499 N. Pima Road in Scottsdale. The project will be the first-ever Costco store on tribal land in the United States.
Omega Construction Breaks Ground on 801,000 SF Distribution Center in Macon, Georgia for Bob’s Discount FurnitureMACON, GA. — Winston-Salem, N.C.-based Omega Construction has broken ground on an 801,000-square-foot warehouse and distribution facility for in Macon for Bob’s Discount Furniture.
Rental Project Breaks Ground on Long Branch’s Lower Broadway CorridorDowneaster Development and TANTUM Real Estate broke ground on The Elbie, a rental community at 305 Broadway in Long Branch, NJ.
Hanover, Northwestern Mutual Deliver 509,000 SF Industrial Park in Frederick, MarylandFREDERICK, MD. — Hanover Co. and its institutional partner Northwestern Mutual have completed construction of Frederick Airport Park, a 509,000-square-foot industrial development located in Frederick, about 44 miles northwest of Washington, D.C.
Lowe Breaks Ground on Apartments at Santa Ana’s MainplaceCommunity, civic and business leaders gathered Wednesday for the groundbreaking of The Carina, a new multifamily residential community at 2828 N. Mainplace Dr. that will bring 408 apartments to Mainplace in Santa Ana.
University of Washington Advances Renovation of Historic Music BuildingThe second phase of a $15 million arts capital campaign at the University of Washington has identified the art and music buildings as top priorities for renovation and strategic enhancements.
Creation Delivers $250M Park Algodon Industrial, Mixed-Use Development in PhoenixPHOENIX — Creation, a Phoenix-based developer, has completed construction for Park Algodon, an industrial and mixed-use development at the northwest corner of Loop 101 and Indian School Road in Phoenix.
Opus Breaks Ground on 168,486 SF Spec Industrial Project Near OmahaPAPILLION, NEB. — Opus has broken ground on Highway 370 Logistics, a 168,486-square-foot speculative industrial development located near the intersection of I-80 and Highway 370 in Papillion within metro Omaha. The 12-acre site is adjacent to an Amazon distribution hub.
Wood Partners, PGIM to Develop 357-Unit Apartment Community in Morrisville, North CarolinaMORRISVILLE, N.C. — Wood Partners and PGIM have closed on a land acquisition in Morrisville for the development of Alta Watkins, a 357-unit apartment community.
Creation, Clarion Complete $250M Phoenix Mixed-Use VentureCreation completed construction on Park Algodon, a $250 million industrial and mixed-use development at the northwest corner of Loop 101 and Indian School Road in Phoenix.
Developer Team Delivers Austin Affordable Housing CommunityHousing Trust Group along with AM Affordable Housing, completed Red Oaks, a new 70-unit, $26 million affordable housing community in the Anderson Mill neighborhood of Northwest Austin.
Developer Eyeing Hotel Near Hard Rock StadiumP3 Markets is trying to convince Miami Gardens officials to allow it to build a hotel on city-owned land near Hard Rock Stadium. On a public 3.5-acre piece of vacant land, P3 wants to build a 33,000 square foot hotel called The Beckham Hotel Miami Gardens. The S.