Mid-Atlantic
Edens & Avant Breaks Ground on 31-Acre Mixed-Use Development in Virginia
The first phase of Mosaic is slated to open in fall 2012. It is more than two-thirds leased and includes a mix of 400,000 square feet of national and local retailers, an eight-screen arthouse cinema, 150-room boutique hotel, 60,000 square feet of Class A office space, and 114 townhomes.
BASF Takes 325,000 SF at The Green at Florham Park
The $100 million new building, on which construction will begin in July, will be home to BASF’s headquarters. Occupancy is expected by mid-2012, and Rockefeller is angling to qualify for LEED certification.
Ground Broken on $85M Film Studio in Suburban Philly
The 130,000-square-foot film and television production facility in Chester Township, Pa., will create 390 permanent jobs by its third year of operation and will serve as a new tourist destination as well.
1,000-Room Lodging Project at Fort Lee in Virginia Moves Forward with Selection of Builder
The military branch’s Morale, Welfare and Recreation Command has tapped The Korte Company to spearhead design-build responsibilities for a $120 million temporary lodging facility at Fort Lee, about 30 miles south of Richmond, Va.
WRIT Snaps Up Two Fully Leased Office Buildings near Quantico Marine Base for $68M
The Rockville, Md.-headquartered REIT acquired the fully leased assets, encompassing an aggregate 271,000 square feet of Class A space, from the developer of the business park, Fredericksburg, Va.-based Silver Cos.
D.C. Health Department Leases 150,000 SF at Premier Office Complex
The lease transaction paves the way for DOH’s consolidation of a handful of area offices.
Marina Properties Recession-Proof? CNL Lifestyle Thinks So, and Picks Up Two Chesapeake Bay-Area Assets
The Orlando-based REIT has just increased its assets in the sector with the recent acquisition of Bohemia Vista Yacht Basin and Hack’s Point Marina in Maryland’s coveted Chesapeake Bay area.
COPT Prepares to Begin Office Project Near Expanding Military Base in Northern Virginia
The Columbia, Md.-based REIT plans to begin the project, which can be developed up to 980,000 square feet, with the construction of a 240,000-square-foot office building that will accommodate impending demand from consequences of the U.S. Department of Defense’s 2005 Base Realignment and Closure process.
$190M Mixed-Use Residential Project to Be Tallest Building in Newark, N.J.
In an effort to further the revitalization of downtown Newark, N.J., a partnership involving Dranoff Properties, the New Jersey Performing Arts Center (NJPAC) and the city of Newark have revealed plans for the development of One Theater Square, a $190 million mixed-use residential project.
Perkins+Will Tapped as Master Planner for Walter Reed Campus
Global interdisciplinary design firm Perkins+Will has been selected as the master planner for the 62-acre Walter Reed Army Medical Center Campus.