Development
$342M Financing Package Moves Plans Forward for Ritz-Carlton Resort in Puerto Rico
It may be tough to attract financing today to hotel resort ventures–especially hundreds of millions in development financing–but the Ritz-Carlton Reserve, Dorado Beach Resort & Spa project in Dorado, Puerto Rico, is an exception.
Saint Index: Americans’ Desire for Certain Neighborhood Developments Grows
Build in my backyard–please! Well, it may not be quite so dramatic, but more and more residents across the country are turning away from NIMBYism (Not in My Back Yard), according to the 2010 Saint Index survey.
U of Maryland Student Housing Project Progresses as Clark Builders Comes Aboard
Development of student housing projects across the country continues at a strong pace, and in College Park, Md., the University of Maryland has selected Arlington, Va.-based Clark Builders Group to handle construction of The Varsity, a mixed-use residential project adjacent to the school’s main entrance.
Responding to Demand, Denver-Area Children’s Hospital Kicks Off $230M Expansion
The expansion will address a demand that has been on the rise since 2007, when the hospital opened its new location at the 227-acre Anschutz Medical Campus, a recently developed education, research and patient care complex.
Christian Science Church Revitalization of Boston HQ to Include Addition of 950,000 SF
Surrounded by Boston’s Back Bay, Prudential, South End and Fenway neighborhoods, the Plaza encompasses 14.5 acres and offers 10 acres of open space that is accessible to the public. Among the property’s seven existing buildings are two centerpiece structures, the iconic Original Mother Church, built in 1894 and the Extension church, which was developed in 1906. As per the proposal, all existing buildings will remain intact.
$687M in Financing Closes for Development of Government-Leased Research Complex in Kansas City
All told, the entire complex will cost the U.S. General Services Administration, the federal government’s real estate division, nearly $4.8 billion in completion and long-term occupancy costs.
Trammell Tapped to Develop 146,971 SF N.J. MOB
The project will break ground in October and is slated for completion in May 2012. It will be physically connected to the new hospital structure and is owned by Partners Health Trust, Inc., a joint venture of Trammell and a public pension fund advised by Kennedy Associates.
VA Breaks Ground on New Orleans Hospital Designed for Future Katrinas
Five years after Hurricane Katrina, New Orleans is still reeling from the devastation wrought by the disaster, but a massive federal project aims to make a major contribution to the recovery.
NeoCon 2010: Overcoming Barriers to Green Building
All too often green building is impeded by finger-pointing and adversarial relationships between building owners and their tenants.
Feds Continue Construction Frenzy, Selecting CDM for $500M Design-Build Contract
CDM will have its hands full over the next several years. The indefinite delivery, indefinite quantity contract calls for the firm to supply design-build services for a variety of development endeavors to both USCG and the U.S. Department of Homeland Security.