Turner Construction and Aecom have been selected by Hollywood Park Land Company to manage the construction of a new stadium for the Los Angeles Rams football team.The new 70,000-seat stadium is the centrepiece of a 298-acre mixed-use development being constructed in Inglewood, California.The stadium will include 275 luxury suites, over 16,000 premium seats, and about 279,000sq m of usable space. In addition to its seating capacity, the venue will also offer standing room for 27,000 spectators.Turner/AECOM joint venture principal-in-charge Robert Aylesworth said: "Construction of the new stadium is expected to provide more than 3,500 on-site construction jobs in Inglewood and, in total, more than 10,000 jobs through completion."We are bringing together a team of outstanding, highly creative people from Southern California, across the United States and around the world to build this once-in-a-lifetime project."The Turner/AECOM team joins three other firms already involved in the project: Project Development, which is providing project management services; HKS Architects of Dallas, which designed the new stadium; and Wilson Meany of San Francisco, which is providing entitlement and infrastructure management services.
Magellan Midstream Partners has unveiled plans to build a new $335M high-capacity marine terminal along the Houston Ship Channel in Pasadena, Texas.The new terminal will be constructed on a recently-acquired 200-acre site and will be able to handle refined petroleum products, including various grades of gasoline and diesel fuel, and renewable fuels. The project’s initial plans include the construction of about 1M barrels of refined products and ethanol storage supported by a long-term customer commitment. It will also involve the construction of a new marine dock capable of handling Panamax-sized ships or barges with up to a 40ft draft.Furthermore, a 36-inch diameter pipeline will be constructed between the partnership's existing Galena Park, Texas terminal and the new terminal. The existing 18-inch Texas City—Pasadena pipeline will be also connected to the new facility.Magellan Midstream Partners’ CEO Michael Mears said: "Demand for refined products export capabilities from the Gulf Coast continues to grow, and Magellan is well-positioned to take advantage of these opportunities due to our extensive pipeline and terminals network."We are pleased to expand our marine storage capabilities to meet the strong industry demand for both domestic and international exports while solidifying our strategic position as a key provider of storage and transportation services in the Gulf Coast region."The new Pasadena terminal is expected to be operational in early 2019, subject to receipt of necessary permits and regulatory approval.
Design and consulting firm Arup has announced the start of construction on the Long Beach Civic Center in California.The new $520M project will include a 25,000sq m City Hall, a 22,000sq m port headquarters, a 9,000sq m main library, underground parking for 469 vehicles, a 7,000sq m civic plaza, and a revamped 4.9-acre Lincoln Park.Plans also include modern residential, retail, and hotel facilities on the current City Hall’s site.Mayor Robert Garcia said: "The new Civic Center will strengthen the connection between City Hall and the community, help revitalize the Downtown core, and generate thousands of jobs.” Arup has been acting as the city's lead advisor on the project since 2013 and has provided comprehensive services integrating financial, commercial, real estate, engineering, and cost consulting while assisting the city with the P3 procurement through the current detailed design and construction phase.The company was able to reduce the planning, entitlement, and procurement process to two years, down from the traditional three-to-five-year period.The project is scheduled to be complete in 2019.
US-based developer Next Century Partners has received $1bn in construction financing for its Century Plaza Hotel redevelopment in Los Angeles, California.The project secured a $446M senior loan from a consortium led by J.P. Morgan Chase, $120M of mezzanine financing from an investment vehicle managed by Colony Capital and $450M of EB-5 financing provided by CMB Export LLC Regional Center.The $2.5bn mixed-use development will feature two 46-storey luxury residential towers, restaurants, retail shops and a new five-star 400-room hotel.The project is expected to commence later this summer and create more than 12,300 construction and permanent jobs.
Madison’s City Council has given the go-ahead to the $170M Judge Doyle Square project in downtown Madison, USA.The redevelopment will cover two downtown blocks that currently house the Madison Municipal Building and the Government East parking garage.The project plans by Beitler Real Estate Services include construction of 354 apartments, retail and office space, and a parking facility. Work will also involve construction of a hotel with 250 rooms.The project is subject to various approvals, such as land use considerations.The project faced many set backs through the years. This started with biotechnology firm Exact Sciences scrapping plans for Judge Doyle Square headquarters. Later, the city received two updated proposals for the Judge Doyle Square project from Beitler Real Estate Services Joint Venture and Vermilion Enterprises, with Beitler finally being selected.Construction on the project is expected to commence in 2017.
French tyre company Michelin has unveiled plans to construct a new €450M production plant in Mexico.The 142,000sq m plant, to be located in León, Guanajuato, will produce high-end tyres for passenger cars and light trucks. The new facility, the group’s 21st in North America and 69th across the world, is expected to manufacture four to five million tyres annually during the initial production phase, ramping up gradually.Michelin Mexico’s director Mike Boggs said: “We’re pleased to strengthen our industrial presence in Mexico, thereby being able to satisfy the needs of North American car manufacturers and motorists looking for high-quality tyres that are perfectly adapted to their usage conditions.”Construction work is set to commence in the second half of 2016 with tyres expected to come off the production line in the fourth quarter of 2018.
The University of Central Florida (UCF) has selected a team to design and construct its new $60M campus in downtown Orlando, Florida.The team — composed by SchenkelShultz Architecture, Robert A.M. Stern Architects and Skanska USA Building — will be responsible for the 15,000sq m academic building, which will be the centrepiece of the new campus.The partnership will also support the renovation of UCF’s existing Center for Emerging Media, which is home to several academic programs.SchenkelShultz Architecture’s president and chief operating officer J. Thomas Chandler said: “Our team is excited to create an innovative campus in downtown Orlando that transforms the urban city center and embraces the neighboring Parramore community.“We are ready to work as a partner to UCF and the academic and business leaders of our community to create a timeless, 21st-century academic environment.”
Tutor Perini Building Corp. has been awarded a $100M contract by The Cordish Companies for the Maryland Live! Casino expansion project in Hanover, Maryland.The scope of the work includes the construction of a new 17-storey Live! Hotel tower with 310 luxury guest rooms and an event centre next to Maryland Live! Casino at Arundel Mills.Tutor Perini’s top local executive, Peter Sukalo, said: “Tutor Perini Building Corp. has a long-standing working relationship with The Cordish Companies. “We are pleased to be building again for this owner and proud to be a part of the team expanding one of the country’s largest and most successful casinos.”Construction work is currently underway and substantial completion is expected in late-2017.
The Cordish Companies has unveiled plans for a $200M expansion project at its Maryland Live! Casino property in Hanover, Maryland.The project, to be located next to Maryland Live! Casino at Arundel Mills, will include a 17-storey Live! Hotel tower with 310 luxury guest rooms. The development will add an additional 33,000sq m of space to the gaming facility and will also involve the construction of an event centre, meeting spaces, new dining options, and a day spa/salon.Tutor Perini Building Corp. will serve as the general contractor in the project.Cordish Global Gaming Group president Robert Norton said: "Maryland Live! Casino is the premier gaming, entertainment and retail destination serving the heart of the Baltimore/Washington population."The addition of our flagship Live! Hotel is just the latest investment we are making to ensure Maryland Live! continues to be the preferred choice for visitors seeking a world-class gaming and entertainment experience."Construction work is set to start in late 2016 with its completion slated for the fourth quarter of 2017. The project is expected to create about 400 new jobs and 550 construction jobs in the region.
A consortium of lenders led by Maybank is set to provide the first syndicated shariah-compliant construction financing worth $219M for the development of a luxury residential tower in Manhattan, New York.Maybank was selected as a joint lead arranger along with Warba Bank of Kuwait for the syndication, which includes lenders Intesa Sanpaolo of Italy and an affiliate of MSD Partners.The funding includes a $174M senior construction loan and a $45M mezzanine loan, which will be used for the construction of the Tribeca condominium tower, a 43-storey building to be developed by Soho Properties and located at 45 Park Place, Manhattan. Maybank group head of global banking Amirul Feisal Wan Zahir said: “This syndication is a milestone being the first shariah-compliant construction financing in New York City, and it reaffirms our ability to offer value-creating Islamic banking solutions for global clients.“As one of Asia's leading banking groups, we have been at the forefront in financing major infrastructure and property development projects across many countries.”Construction on the 665ft-tall glass and steel tower will start in mid-2016 and is set to be complete in 2018.
Broadbridge LA joint venture has secured a $164.5M loan from Jamestown to redevelop the 102,000sq m Broadway Trade Center in downtown Los Angeles, California.The loan will be used to support the eight-storey building’s extensive refurbishment, which is currently in progress. Plans will also include a food marketplace, bars and restaurants, retail space, a hotel, a rooftop park and flexible office space with large floorplates.Jamestown’s president Michael Phillips said: “The Broadway Corridor is poised to make a comeback as the urban heart of Los Angeles, and we’re pleased that we can assist as a lender on this transformative redevelopment project.“We are committed to investing our resources in projects that transform spaces into true destinations through innovative mixed-use components, and we’re confident in the future of the Broadway Trade Center and the surrounding neighbourhood.”
AECOM’s unit Tishman Construction has been appointed to manage construction of an $1bn commercial office development in Manhattan, New York.The 1,401ft-tall skyscraper, called One Vanderbilt, will be located in the heart of New York’s East Midtown business district. The 58-storey building will feature 149,000sq m of Class A commercial space, a public transit hall at the base of the building connected to a 1,300sq m public plaza, and $220M of public transit improvements to the Grand Central transit hub.Upon completion, the project is expected to be the second-tallest office tower in New York City. Tishman will construct the office building, expected to achieve LEED v4 Gold certification, for New York City-based commercial property owner, SL Green Realty Corp. AECOM’s chairman and CEO Michael Burke said: “As the quintessential New York builder, we are proud that SL Green is entrusting us to build this iconic structure that will help reshape the skyline.“We are excited to extend our expertise in delivering the highest-performance buildings as part of the dramatic transformation underway in Midtown East, one of the premier business districts in the world.”Construction work is set to commence in 2016 and is expected to be complete in 2020.
Skanska in a joint venture with Gates Construction has secured a $200M contract from Lee Memorial Health System to expand and refurbish the Gulf Coast Medical Center in Fort Myers, Florida.The project will include the creation of 34,000sq m of new space and about 4,500sq m of renovations. It will also involve three additional floors, as well as many horizontal expansions. Furthermore, the development will include a parking facility which will be able to accommodate 1,300 vehicles.Work on the project will commence in June 2016 and is set to be completed in February 2021.
GE Aviation has started construction on two adjacent factories to mass-produce Silicon Carbide (SiC) materials in Huntsville, Alabama. Estimated to cost more than $200M, the two factories will be constructed on a 100-acre site. One of the plants will produce silicon carbide (SiC) ceramic fibre, while the second will use this SiC ceramic fibre to produce the unidirectional CMC tape necessary to fabricate CMC components.GE Aviation’s vice president Sanjay Correa, who leads the industrialization of advanced technologies, said: "GE Aviation is creating a fully integrated supply chain for producing CMC components in large volume, which is unique to the United States."The new factories in Alabama are vital to this strategy. We are deeply gratified by the tremendous local, state, and national support for this effort."Construction work is expected to be complete by the first half of 2018, with production set to commence on that same year. Once fully operational, the plants are anticipated to employ up to 300 people.
Pfizer has started construction on its new $200M biologics clinical manufacturing plant in Andover, Massachusetts. The 16,300sq m five-storey facility will enable the production of complex biologics and vaccines. According to Pfizer, the new facility is designed with five independent manufacturing suites to support its complex and diverse biologics research effort.The plant will implement flexible design to fully enable next generation manufacturing strategies, use the latest single-use bioreactors and disposable process technologies and provide clinical manufacturing options with the lowest cost and greatest flexibility for efficiently driving important clinical drugs to patients.Senator Barbara L’Italien said: “This five-storey building will add 75 new permanent manufacturing jobs and 200 temporary construction jobs to Pfizer’s Andover campus, already home to 1,200 employees.”The plant is expected to be operational by January 2019.
German automaker BMW has broken ground on its new $1bn production plant in San Luis Potosí, Mexico. The new facility will build the BMW 3 Series Sedan, starting in 2019, and balance out production capacity at BMW Group Plant Rosslyn in South Africa, which will build the new BMW X3 instead of the BMW 3 Series in the future.The project will comprise a body shop, a paint shop and an assembly plant. BMW said that the new plant will feature an innovative production system and comprehensive sustainability standards.Once operational, the facility will have a production capacity of up to 150,000 units annually, creating at least 1,500 new jobs in the region.The plant will operate using 100% CO2-free power, as it will have a solar-powered network on the site.According to BMW, the plant will have the lowest water consumption per vehicle manufactured in the production network. This will be the company’s first paint shop to produce zero process wastewater, as the water needed for the painting process is reconditioned and recycled.
Plenary Properties Merced (PPM) has been selected by The University of California, Merced, as the winning bidder for its next phase of the $1.14bn campus development.PPM will design and construct the new facilities as a single, fast-track project and ensure major building systems operate effectively over the 39-year term of the contract.The new facilities will be constructed in a 219-acre site that currently supports the existing campus and its 6,700 students. The four-year project is expected to almost double the physical capacity of the campus by 2020.The project will support Merced’s environmental sustainability objectives, as the campus has been recognized as one of the greenest in the country by the US Green Building Council.Furthermore, the developer will be responsible for raising the required private financing as part of the public-private partnership.Construction is set to commence in September 2016 with the project’s first phase scheduled for delivery in 2018. The remaining facilities are scheduled to be completed in 2020. The project is expected to create over 10,000 construction jobs in the region.
WinnCompanies business unit WinnDevelopment and GDD Properties have started construction on a $200M project to redevelop the Sibley Building in downtown Rochester, New York.The project will start with the $100M phase, which includes the construction of 96 modern luxury apartment homes on the 9th–12th floors. The first phase will also include the addition of retail space on the Main Street and office space in the mid-rise, the construction of active senior living apartment homes, and a complete rehabilitation of the entire façade and windows of the building.Construction work on the top floor of the Sibley building — once home to the Tea Room of the Sibley Department Store — is in progress. Upon completion, the floor will become the headquarters of the High Tech Rochester’s Finger Lakes Business Accelerator Cooperative. WinnCompanies’ CEO Gilbert Winn said: “We are thrilled to take this leap forward in a project that will restore energy and economic development to the region’s most beloved building.“With Class A office space and luxury apartments, the new Sibley Building is transforming into the innovative center for office, retail, and housing while maintaining its historic character.”
Purdue Research Foundation has partnered with Browning Investments for the $1.2bn project to transform the west end of the Purdue University in Indiana, USA.The project, known as the Purdue Innovation District, involves the development of nearly 450 acres.Browning will be responsible for a comprehensive master planning that will include student and non-student housing, a lab, research and other collaboration spaces.It will also include office, discovery and entrepreneurial spaces, retail and public spaces, aerospace industry-focused research, and advanced manufacturing and light industrial space.The development will complement other initiatives already taking place on the west side of the campus.Purdue Innovation District director Jeff Kanable said that Indianapolis-based Browning was chosen because of its expertise in long-term development projects.Kanable added: "Browning has a strong history in funding, creating, and executing comprehensive plans for major long-term projects. We are confident in their leadership in the development of the Purdue Innovation District as well as the Research Park Aerospace District."The project is expected to commence late 2016 or early 2017 and is slated to take place over a 15-20 year period.
Nationwide Children’s Hospital has unveiled details of the second phase of its master facilities plan to expand the hospital existing campus in Ohio, USA.The centrepiece of the $730m project will include the construction of a new eight-storey behavioral health pavilion on the main hospital campus. The building, estimated to cost $158M, will eventually accommodate up to 66 inpatient beds. The facility is anticipated to break ground by the end of 2017, and open in 2020. The project will also involve the construction of a $28M parking garage, expected to be complete in mid-2020.Phase II will also include a 20,600sq m Livingston ambulatory building, a 20,400sq m research building, a Near East office building with 800 parking stalls, a data centre, and a central energy plant.In addition, the Livingston Park will be upgraded, the existing childcare centre will be renovated and 51 inpatient beds and five additional operating rooms will be added to the main hospital.The second phase of the hospital master facilities plan is slated to be complete in 2022.