Development
Sheraton Hotels & Resorts to Open New-Build Hotel, Conference Center in Austin Suburb
A joint venture between Hines and The Novak Bros. will develop a 224-key Sheraton hotel and conference center in Georgetown, Texas, an upscale suburb of Austin.
Soho Properties, MHP Join Hampshire Hotels to Create New Dream Hotel at Times Square
A development team comprising Soho Properties, MHP Real Estate Services and Hampshire Hotels Management has acquired 560 Seventh Ave. in Manhattan’s Times Square, which they will replace in a $300 million project with a new Dream Hotel and 20,000 square feet of luxury retail.
4 Companies to Develop M-U Building in Tokyo’s Famed Ginza District
J. Front Retailing, Mori Building, L Real Estate and Sumitomo have entered a mutual agreement to jointly operate a retail facility that will be part of the largest mixed-use building in Ginza, Tokyo’s most famous upmarket shopping, dining and entertainment district.
Fallon Co. JV to Develop 516 KSF Office Building in Boston’s Seaport District
Fan Pier, the $3 billion, 3 million-square-foot mixed-use development in Boston’s Seaport District, gets a boost with $204 million in construction financing for its latest tower, the 516,000-square-foot building at 100 Northern Ave.
International: Georgia’s Tallest Residential Tower Rises on Black Sea Coast
Developed by locally based Tam Geo, the $80 million mixed-use Babillon Tower is rising in Batumi, a seaside resort city on the Black Sea coast and capital of Adjara, an autonomous republic in the country’s southwest region.
Starwood Hotels & Resorts to Open 17 New Properties in Latin America
Starwood Hotels & Resorts has unveiled plans to open 17 new hotels in Latin America over the next two years.
HAP Investments to Buy 1 MSF Development Site in Jersey City for $400M
HAP Investments is under contract to acquire 500 Summit Ave., a nearly one-acre lot in Jersey City, in conjunction with its planned development of the Journal Square site into HAP Tower. It comprises a 42-story apartment building, offices and retail.
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Zeckendorf JV to Build 51-Story M-F Tower in Uptown Manhattan
Zeckendorf Development has revealed plans for 520 Park Ave., a 51-story luxury condominium property that will be built in a partnership with Global Holdings and Park Sixty in Manhattan.