Development
IHOP Expanding, 120,000 New SF in Works
In New York, new pancake houses will sprout up in Manhattan and Queens, including a flagship locale in Times Square. In New Jersey, IHOPs will be erected in Bergen, Essex, Morris and Union counties, and the city of Fairfield, Conn., will get new restaurants as well. The development of these traditional-style IHOP family restaurant sites is part of the company’s strategy to expand its presence to accommodate existing customers and lure new ones.
USAA Buys Land for 167,200-SF Project
Known as 1900 Wilson, the development comprises 191 Class A multi-family units totaling 149,915 square feet as well as 17,317 square feet of street-level retail.
Booming Bloomberg Plans New 500,000-SF Headquarters in London
Currently, Bloomberg makes its London home at the building where the company set up shop 23 years ago. While the space has expanded to accommodate 2,300 employees, the company is in a growth mode and in need of more elbow room.
Clark JV Kicks Off Construction of $394M Naval Hospital At Camp Pendleton
The project will occupy 70 acres and replace Camp Pendleton’s outdated existing hospital. The building will feature inpatient facilities encompassing as many as 60 beds, emergency and primary care facilities, specialty care clinics, support facilities and space to accommodate non-ambulatory patients.
Opus Launches $30M Minnesota Project
With the purchase of three land parcels in the Stadium Village area near the University of Minnesota’s East Bank Campus, The Opus Group has launched its development of Stadium Village Flats.
Land Use Approval Paves Way for 5 MSF Industrial Park in Florida’s Nassau County
Development of the industrial complex is still in the formative stages, but with land use approval in hand, TerraPointe is moving on to the next order of business. The company will develop a marketing plan and initiate talks with site selection consultants.
With BRAC Calling, Ground Breaks on $60M Office Project Near Baltimore-Area Army Base
The construction of Aberdeen Corporate Park, a 265,900 square-foot mixed-use office complex near the U.S. Army’s Aberdeen Proving Ground in Aberdeen, Md., has gotten underway.
Ground Breaks on $300M George W. Bush Presidential Center in Dallas
Designed by celebrated architect Robert A.M. Stern, the Bush Center will mark the country’s 13th presidential complex.
Gulfstream to Spread its Wings in Savannah with $500M Expansion
The company will execute its multifaceted development endeavor over a period of seven years.
Financing Closes for Chicago’s $125M Radisson Blu Aqua Hotel
Acting on behalf of Magellan Development Group L.L.C. and Carlson Hotels, commercial real estate services firm Holliday Fenoglio Fowler orchestrated $66 million in financing for the development of the upper upscale Blu Aqua Hotel in downtown Chicago’s 82-story mixed-use Aqua Tower.