Adrian Maties
Cincinnati Streetcar Gets $17.4M in Additional Funding
The Cincinnati Streetcar project is back on track. Last Wednesday, City Council voted to give it a $17.4 million infusion of cash, bringing the total cost of the project to $133 million, from the original $110 million.
JBG Debuts 474-Unit M-F Project Near Rosslyn Metro; Luxury Condo Conversion in Pipeline
Arlington County officials joined the JBG Cos. on the morning of June 19 to celebrate the opening of Sedona|Slate, a modern mixed-use community in the Rosslyn area. It is the first Arlington County development slated to earn LEED Gold certification.
Tax Breaks to Promote 4 Expansion Projects in Central Ohio
Persistent Systems Inc., Zipline Logistics LLC, NEX Transport Inc. and ISS America Inc. will soon bring 135 new jobs to central Ohio. On Monday, June 24, the Ohio Tax Credit Authority approved 15 projects statewide for tax incentives. The four companies are among these 15 projects expected to create a total of 831 new jobs.
Kent State University Hotel and Conference Center Finally Open
The Kent State University Hotel and Conference Center in Kent, Ohio, officially opened its doors to the public on Friday, June 14. The project was finished on schedule and is a centerpiece of the $100 million redevelopment of downtown Kent.
The Party Source Expands into Newport
The Party Source, regarded by many as Greater Cincinnati’s authority for beer, wine, spirits, cigars, specialty foods, and party supplies, is expanding. Soapbox Cincinnati recently reported on the retailer’s 30,000-square-foot expansion project already underway.
Howard Hughes to Start Landmark Mall Remake in Spring 2014
Earlier this year, the Howard Hughes Corporation has submitted plans to the City of Alexandria for redevelopment of the portion of Landmark Mall between the existing Sears and Macy’s stores. On Monday, June 17, the Dallas-based owner, manager and developer of commercial, residential and mixed-use real estate announced it has received unanimous approval for its rezoning plans for the property.
$14M Renovation Turns Downtown Baltimore Tremont Into Embassy Suites
After undergoing extensive renovation, the new Embassy Suites Baltimore-Downtown is finally open. This is the brand’s third property in the state of Maryland.
DoubleTree by Hilton Williamsburg Debuts After $8.4M Renovation
The DoubleTree by Hilton Williamsburg hotel opened last week in Historic Williamsburg, a culture-rich area which represents Virginia’s largest tourist attraction. The hotel’s location, modern amenities and offerings are expected to boost its appeal to both leisure and business travelers.
Major Renovations Planned for 7900 Westpark Drive in Tysons Corner
Washington Real Estate Investment Trust has recently announced a major renovation plan for 7900 Westpark Drive, a Class A office complex in the hub of Tysons Corner, Virginia. It has also selected Jones Lang LaSalle to market the property.
Interest High in Baltimore Area Industrial Properties
Investors continue to exhibit confidence in the Greater Baltimore industrial market. The low unemployment, close proximity to Washington, DC and Philadelphia, and ease of access to the Port of Baltimore make the area very attractive to industrial users and investors.