Development
Opus Group Named Contractor for 165 KSF Build-to-Suit Office HQ in Colorado
Opus Development has won the bid for the 165,000-square-foot build-to-suit contract for TriZetto Group Inc.’s new $110 million global headquarters in metropolitan Denver.
Taubman Breaks Ground on Luxury 450 KSF Open-Air Mall near St. Louis
The composition of the St. Louis-area retail market will soon undergo a notable change now that Taubman Centers Inc. has broken ground on a new outlet-shopping destination, the 450,000-square-foot Taubman Prestige Outlets Chesterfield, in Chesterfield, Mo.
Hard Rock Proposes $275M Entertainment Project in Northeast Ohio
Gambling that video lottery terminals at Ohio racetracks will soon be legal, Hard Rock International and Milstein Entertainment announced a joint venture to develop a $275 million gaming and entertainment center at Northfield Park, a northeast Ohio harness-racing track.
Wood Partners, East West Partners Arrange $62M in Capital for Denver Multi-Family
The road has been paved for Wood Partners L.L.C. and East West Partners to commence construction of Alta City House, a luxury apartment project in Denver’s blossoming Union Station/Riverfront Park redevelopment, now that the developers have arranged capital from USAA Real Estate Company to move forward with the $62 million project.
Vikings Stadium Plan Receives Majority Support from City Council
By Gabriel Circiog, Associate Editor The latest Minnesota Vikings stadium plan is now backed by a majority of the Minneapolis city council, the Minneapolis / St. Paul Business Journal reports. The development was announced by Gov. Mark Dayton; Minneapolis Mayor R.T. Rybak, City Council President Barb Johnson and six other council members posted online letters […]
Lowe to Begin $70M Redevelopment of 13-Story Office Building in D.C. Suburb
Four years after acquiring the property formerly known as 1411 Jefferson Davis Highway in Crystal City, Va., Lowe Enterprises has kicked off a $70 million redevelopment of the building in an endeavor that will become the 308,000-square-foot 1400 Crystal Drive.
Victory Medical Center Breaks Ground in Northwest San Antonio
By Camelia Bulea, Associate Editor Victory Healthcare recently broke ground on a new medical center in Northwest San Antonio. The first phase includes an 84,000-square-foot acute-care hospital. Plans call for a second phase, which includes a structure similar in size to the first building, housing medical office space, according to the San Antonio Business Journal. […]
Seaport Square Adds $5 M Innovation Center
By Veronica Grecu, Associate Editor A $5 million plan for a new “Innovation Center” at the South Boston Waterfront that would provide low-cost meeting space for start-up businesses and support the high-tech industry was revealed last week by Mayor Thomas Menino. Designed by architecture firm Hacin + Associates Inc, the one-story structure will include 9,000 […]
Ramada Inn Gets Makeover, Becomes Cedar Hotel
By Eliza Theiss, Associate Editor The former Ramada Inn at 1471 Brooks Road is getting a multimillion dollar facelift from a group of Chicago investors. According to The Memphis Daily News, Cedar Street Hospitality purchased the 245-key hotel in a 2010 auction for $1.55 million. Re-branded as the Cedar Hotel under the Clarion umbrella, the […]
ULI: Industry to See Improvements Through 2014, Bolstered by Cap Markets
“Is distress in the real estate markets behind us?” was the main question on the minds of the respondents to the latest survey by the Urban Land Institute — and the consensus seemed to be a cautious “yes.”