National
Could a Zombie Theme Park Bring Back Detroit’s Vacant Properties?
By Veronica Grecu, Associate Editor Over the last couple of years the subject of vacant properties has created a myriad of debates among Detroiters and city officials alike. Various revitalization initiatives and programs have been proposed to reduce the ‘eye soaring’ effect of these abandoned sites and breathe new life into places that once used […]
California Fast-Tracks Apple’s HQ “Spaceship” in Cupertino
By Alex Girda, Associate Editor Apple’s plans to build a cutting-edge headquarters in Cupertino have been placed on the fast track by Gov. Jerry Brown. The state’s decision will help ensure that Apple will make its announced 2015 deadline for completing the project. Sustainable features anchored the argument for shepherding the project through the California’s rigorous environmental review. Brown commented […]
City Officials Grapple With Funding Proposed Arts Venue
By Alex Girda, Associate Editor Talks regarding Mayor Ralph Becker’s proposed Utah Performing Arts Center in downtown Salt Lake City are now focused on hammering out the financing package for the $110 million project. Considered a centerpiece of an effort to re-energize Downtown Salt Lake City, the 2,500-seat venue would be capable of hosting touring […]
Windfall Group Plans New Commercial Building in Chicago’s Chinatown; New Restaurant Announced for Hard Rock Hotel Chicago
By Gabriel Circiog, Associate Editor Windfall Group USA is under contract to acquire one of the most coveted pieces of property in Chicago’s Chinatown and plans to build a 100,000-square-foot commercial building, Crain’s Cleveland Business reports. The Cleveland-based developer plans to construct the six-story commercial building on the southwest corner of Archer Street and Wentworth […]
Forestar Group Announces New Luxury Multifamily Development in Denver
By Gabriel Circiog, Associate Editor Forestar Group Inc. has partnered up with Guggenheim Real Estate LLC to develop a luxury multifamily community in Denver. Located in the southeast business corridor of the metro area within the Denver Tech Center market, the project—called 360 deg—will feature 304 units. Designed by Denver-based JG Johnson Architects, 360 deg […]
Pioneer-Endicott Buildings to be Converted into 234 Market-Rate Apartments
By Gabriel Circiog, Associate Editor The Pioneer-Endicott buildings in downtown St. Paul have been vacant for some time, but things could soon change. Local developer Rich Pakonen envisions a 234-unit market-rate apartment conversion project that would also include 31,900 square feet of commercial space, Finance & Commerce reports. The two buildings are among the oldest […]
$13.4M Wal-Mart to Replace Former Gentilly Woods Mall
By Eliza Theiss, Associate Editor Looks like New Orleans’ shortage of retail options will soon be remediated, as national retailer Wal-Mart has closed on a deal to acquire the shuttered Gentilly Woods Shopping Center from the New Orleans Redevelopment Authority (NORA), The Times Picayune reported. Wal-Mart and NORA have been in talks for the past […]
Cleveland Medical Mart Achieves Milestone in Construction Process
By Adrian Maties, Associate Editor The $465 million Medical Mart & Convention Center project under construction in Cleveland has now reached an important milestone. On Friday, June 22, the uppermost steel beam was placed on top of the building in a topping out ceremony. Dignitaries and hundreds of construction workers signed a white steel beam, […]
$120M Waterside Place Breaks Ground in Boston’s Innovation District
By Veronica Grecu, Associate Editor Nearly two years since getting the final green light from the Boston Redevelopment Authority (BRA), The Drew Company broke ground on the newest addition to the city’s emerging Innovation District, the $120 million Waterside Place located on the corner of Congress and D streets across from the Boston Convention & […]
Invest Atlanta Moves to Georgia-Pacific Tower; Parkway Also Signs New Tenants
By Georgiana Mihaila, Associate Editor Invest Atlanta, the city’s official economic development authority, will soon be leaving its Pryor Street headquarters for the Georgia-Pacific Center; the agency signed a 13-year lease with landlord GA-MET—a joint venture of Metropolitan Life Insurance Company and Georgia-Pacific LLC—for 18,701 square feet on the 29th floor of the downtown office […]