Development
Liberty to Develop 205,000-SF Project
GlaxoSmithKline is in the market for a new headquarters facility in Philadelphia and Liberty Property Trust plans to deliver it. At a cost of $81 million, the REIT, along with Synterra Partners, will develop a 205,000-square-foot office building at the Navy Yard Corporate Center for the research-based pharmaceutical company.
Langtree, RL West Join Forces on $800M Project
They will be developing the 300-acre Langtree at the Lake planned community in Mooresville, N.C.
$600M Cleveland Casino Moves Forward with Land Purchase
Developed by Rock Ohio Caesars Cleveland L.L.C., the project is one of four to emerge from a constitutional amendment approved by the state’s voters in 2009.
Tishman Speyer Plans Tower in Frankfurt
The company just revealed plans to build TaunusTurm, a premier 650,000-square-foot office tower in the German city’s financial hub.
Dallas Multi-Family Project Cinches Loan
The 341-unit property is scheduled to open next year in the city’s Design District.
Joint Venture Sets Sights on Renewed Brownfield Market
Brownfield Partners L.L.C. has joined forces with EnviroFinance Group L.L.C. to launch a subsidiary focusing on brownfield redevelopment.
Ground Broken on Cleveland Center
Developed by Merchandise Mart Properties Inc., a division of Vornado Realty Trust, the $465 million Medical Mart & Convention Center has already attracted commitments from a lengthy list of convention planners as well as businesses hoping to pre-lease space.
Myriant to Build at Louisiana Port
Myriant Technologies’ new $80 million, 392,000-square-foot sustainable chemical manufacturing facility at the Port of Lake Providence will be the largest bio-based succinic acid refinery in the world.
Will Triple Five Be the Charm for Xanadu?
If Triple Five can transform New Jersey’s stalled $2 billion project from a costly white elephant into a thriving retail and destination center, the Canadian firm will pull off a feat that eluded two previous developers.
Prep Work Begins on Manhattan’s Hudson Yards
Hudson Yards is the largest single undeveloped piece of property in the borough. It is slated for a mixed-use, master-planned community consisting of 13 million square feet of commercial and residential development with 5,000 residences in nine buildings, as many as four corporate-headquarters sites, a retail complex, a 300-room hotel and a new 750-seat public school. It will also include 12 acres of public open space.