the Editors of Commercial Property Executive
140-unit Cambria Suites Hotel Coming to Downtown Rockville
Rockville Town Square, in downtown Rockville, has added an ice-skating rink, a public library, 180,000 square feet of shops, restaurants and a grocery store in recent years.
Drury Development Plans to Break Ground on 210-Room Hotel, Restaurant Project In Brentwood
Drury Development Corp. is set to break ground on a new hotel and restaurant project in the City of Brentwood, Bola Akande City Administrator revealed.
278-Unit Multifamily Development Proposed in Dorchester
Synergy Investments, a Boston development company, has filed a letter of intent with the Boston Redevelopment Authority (BRA) and is seeking approval to create a residential community on a vacant parcel located at 25 Morrissey Boulevard in Dorchester.
New Kroger Store Launches $250M Hampton Roads Push
Kroger Co. broke ground Oct. 4 on a $25 million project in Virginia Beach that will be the grocery chain’s first Marketplace-brand store in the Hampton Roads region and the second in the state.
St. John Starts Work on 270,000 Sq. Ft. BWI Technology Park II in Anne Arundel County
St. John Properties, Inc. has started work on BWI Technology Park II, a 44-acre mixed-use business community located near BWI Airport in Anne Arundel County. This is St. John’s seventh business community developed in Anne Arundel County. The initial R&D/flex building is the company’s 100th commercial office or retail project in this jurisdiction.
Lightstone Group Gets $51M Construction Loan for Upscale Multifamily Project in Queens
Manhattan-based development company The Lightstone Group, along with its branch Lightstone Value Plus Real Estate Investment Trust (LVPR), has recently closed a $51 million construction loan with the Canadian Imperial Bank of Commerce (CIBC) and plans to use the funds to create a multifamily complex in Queens Borough’s Long Island City. Work has already stated at the site with a delivery date set for April 2014.
Tezzaron Saves Austin Research Fab
Tezzaron Semiconductor Corp. has announced it will buy the wafer fabrication plant on Montopolis Drive in southeast Austin, preventing more than 100 layoffs. Continue reading →
Miami Welcomes First LEED-certified Hotel
The 221-room Hampton Inn & Suites Miami Brickell-Downtown was recently awarded LEED Silver certification by the U.S. Green Building Council, becoming the first LEED-certified hotel within the city of Miami.
Dick’s Sporting Goods Opens 45,000-Sq.-Ft. Las Cruces Store
Dick’s Sporting Goods has opened its first Las Cruces store. Located at 200 North Telshor Blvd., the 45,000-square-foot store is located in a remodeled former Sportsman’s Warehouse, reports the New Mexico Business Weekly. This is the second store under Dick’s name in New Mexico. The company’s first store in the state was launched on Albuquerque’s Westside last year.
Historic Globe Building Embarks On $12.8 Million Redevelopment Project
On Saturday, October 6, Governor Rick Snyder announced a complex plan to revitalize one of Detroit’s gems: the historic Globe Building, formerly known as the Globe Trading Co. Building and the Detroit Dry Dock Engine Works, where young Henry Ford worked as an apprentice.