Development
Allen Institute for Brain Science Thinks Up New Facility in SLU; Housing Development in Portland Focuses on Social Issues
South Lake Union is a neighborhood that could carry any major city with the amount of real estate development and interest it is currently seeing. The new hotspot is hitting all of the required notes and doing so smartly. If there was any need for confirmation, the Allen Institute for Brain Science is taking over an entire block in SLU for the construction of its new facility.
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.
Prologis Adds Distribution Center to Wroclaw V Park
Prologis is expanding its presence in Poland, where it will construct a 376,000-square-foot, build-to-suit distribution center for a leading Polish retailer.
Chinese Conglomerate Acquires Part of One Nine Elms Redevelopment Project
A major component of London’s One Nine Elms redevelopment project recently traded hands, with original developer Green Property selling its site to a Chinese conglomerate for a reported $140 million.
Celebrity Chef Restaurant Confirmed for SKYE Rooftop
It’s official: one of Charlotte’s hottest future addresses had gotten even more desirable. The McDevitt Agency, acting as official broker of SKYE’s condominium component, as announced the identity of the much-expected rooftop restaurant: Fahrenheit
Micro Unit Trends: The Response
Kauri Investments Ltd. chairman James Potter and AREA Real Estate L.L.C. principal David Adelman sat down at the ULI Spring Meeting to discuss municipal, capital markets and neighborhood response to micro unit apartment projects.
Micro Unit Trends: The Emerging Tenant
Kauri Investments Ltd. chairman James Potter and AREA Real Estate L.L.C. principal David Adelman sat down at the ULI Spring Meeting to discuss the type of demand they’re seeing for micro unit apartments.
Construction to Break Ground on Salem’s New MBTA Intermodal Station
The Massachusetts Bay Transportation Authority (MBTA) announced it will close its Salem rail station for more than one year as a complex renovation project is underway. As reported by Boston.com, the MBTA Salem station parking lot will be replaced with a $37 million facility, a five-level parking garage with up to 700 spaces and a pedestrian bridge from Washington Street.
$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.