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UAE-based developer Nakheel has awarded an AED1.5bn ($408.3M) contract to Dhabi Contracting for the construction of its Al Khail Avenue retail, dining and entertainment hub in Dubai.The 186,000sq m Al Khail Avenue has more than 112,000sq m of leasable space, 70% of which is already booked. It will feature cafes and restaurants, and a 4,000-space multi-storey car park, which can be accessed directly from Al Khail Road.The developer it is also adding a 252-room hotel to the complex. The 18-storey hotel will feature an all-day restaurant, coffee shop, lounge, outdoor terrace, pool deck gymnasium and car park. It will be directly connected to Al Khail Avenue and its 350 shops, restaurants and entertainment outlets. Earthworks at the site — alongside Dubai’s Al Khail Road on the edge of the Jumeirah Village Triangle (JVT) community — finished in June 2016 and construction work is scheduled to commence in October 2016. The development is expected to be complete in the first quarter of 2019.
Hong Kong-based property developer Far East Consortium International (FEC) has received a contract from Manchester Place and The Co-op for a housing development near Victoria Station in Manchester, UK. The project will include the construction of over 600 homes across four sites at Angel Meadow Park as part of the NOMA neighbourhood.NOMA — being delivered by a partnership between The Co-Operative Group and Hermes Investment Management — is a 20-acre neighbourhood in Manchester city centre, which will include new homes, offices, hotels, and retail and leisure space. The housing units, spanning across a total area of about 9,600sq m, will be for sale and rent, and will feature a landmark tower.FEC’s managing director Chris Hoong said: "This is one of the most exciting residential opportunities not just in Manchester but in the UK. We are very honoured and excited to be working with NOMA and the City Council. “We have assembled a team with the skills to deliver a new neighbourhood of international calibre and we would like this to be the start of a long relationship with the city.”Manchester Place CEO Paul Beardmore said: "This is an important site that will help to unlock the potential of the Irk Valley and Collyhurst. We are delighted to have reached this stage and the scale of the investment conveys a strong message of confidence to the market."
Emaar Properties has unveiled new residential towers in the Opera District in Downtown Dubai.The “Act One | Act Two” residences are housed in 52- and 46-storey towers with views of the Burj Khalifa and Mohammed bin Rashid Boulevard, and located close to the Dubai Mall. The towers will feature 718 residential units as well as retail units and cafes, a health club, a spa and swimming pools.Emaar Properties’ managing director Ahmad Al Matrooshi said: “Act One | Act Two are truly a defining destination of choice for all culturally inclined as they now have the unique value proposition of living right next door to Dubai Opera.“A premium development that celebrates the vibrant cultural lifestyle of the city, the residences bring a one-of-a-kind lifestyle choice to the city.“The international launch of the project underlines the strong demand from discerning investors who cherish the inspired way of life that Act One | Act Two brings.”The residential towers will be launched internationally on a sales event in London on Wednesday, 10 August, at Harrods, followed by the Dubai launch on Thursday, 11 August, at Emaar Sales Centres.
Brookfield Multiplex has been selected as the managing contractor for a $428.3M museum project in Western Australia.The New Museum, designed by architects OMA and Hassell, will be almost four times bigger than the now-closed Western Australia Museum, which it will replace. It will feature nearly 7,000sq m of galleries, including 1,000sq m of space to stage blockbuster exhibitions.It will also feature education studios, viewing areas to see scientists and curators at work, retail space and food and beverage outlets.Premier Colin Barnett said: "The concept cannot fail to impress. It is bold and distinctive, from the vast public plaza to spacious galleries that overlook the CBD and link with important heritage buildings."West Australians will share in a once in a lifetime opportunity to create a vibrant new cultural home in the heart of Perth, and to change the way people from around the world engage with the State and our unique stories."The project will create up to 3,300 jobs, with about 1,800 workers to be employed on-site during the construction phase.Early works are expected to start in late 2016, with main construction commencing in 2017. The museum is due to open in 2020.
Construction firm Al Futtaim Carillion has been selected as the preferred tenderer for the construction of the $1bn Reem Mall project in Abu Dhabi.The project, developed by NREC in partnership with UPAC, will deliver 186,000sq m of leasable area. It will feature about 450 stores, including 85 food and beverage outlets and a range of family-focused entertainment offerings. Reem Mall is set to discuss the contract details with Al Futtaim Carillion exclusively, with the aim of finalising an agreement for the mall’s construction.Abu Dhabi-based Dutch Foundation is currently carrying out the enabling works, which involves excavation, lateral restraint systems, and dewatering. Reem Mall’s chief operating officer Shane Eldstrom said: “The announcement marks yet another milestone for Reem Mall and comes on the back of final permission to construct received from Abu Dhabi Municipality earlier this month.“Al Futtaim Carillion was selected as the preferred tenderer due to its strong track record of delivering significant high quality projects in the region, and its team of construction experts. We look forward to successfully completing the tendering process.”Al Futtaim Carillion’s managing director Andrew Ridley-Barker said: “Al Futtaim Carillion prides itself on delivering some of the most notable projects in the region. We hope to have the process concluded shortly and deliver this important retail project to the people of Abu Dhabi.”
US-based home improvement retailer Lowe's Companies has unveiled plans to develop a new $100M direct fulfilment centre in Robertson County, Tennessee.The 102,000sq m centre will ship parcels directly to Lowe’s customers and stores nationwide.Lowe’s chief supply chain officer Brent Kirby said: “We’re continually working to make doing business with Lowe’s easier for customers.“Investing to build a new fulfilment centre — the first of its kind for Lowe’s — allows us to offer customers more products online, consolidate multiple parcel shipments and ship purchases directly to customers faster and more efficiently.“The Nashville area was chosen due to its existing large shipping hubs, access to interstate roadways and well-skilled workforce.”Scheduled to be operational by the third quarter of 2018, the facility will initially employ about 400 people, reaching 600 by 2022.
American football team Minnesota Vikings has selected the development team for its new Eagan practice facility and headquarters in Minnesota, US.The team includes Crawford Architects, which will provide design services, and Kraus-Anderson Construction Company, which will act as the construction manager of the project.The new team headquarters will feature outdoor and indoor practice fields, a 6,000-seat stadium, team meeting rooms and auditorium, a broadcast studio and media centre, and administrative offices for staff.The facility represents the first phase in an overall 200-acre planned development, which is expected to include offices, retail, residential and hospitality units and a conference centre.Vikings’ executive vice president and CFO Steve Poppen said: “We are thrilled to once again engage in a large project with a Minnesota-based construction company such as Kraus-Anderson, as they have a tremendous body of work and strong reputation within the community.“Both Crawford Architects and Kraus-Anderson have long-standing relationships with the Vikings and together give us complete confidence in designing and building this project on time for a March 2018 opening.”The project is scheduled to break ground in early August 2016. Construction work on the first phase is expected to be completed in about 20 months.
Dubai-based healthcare provider Thumbay Group has announced the construction of 6 hospitals and 12 clinics in the UAE and beyond. The healthcare facilities, part of Thumbay’s AED1.2bn ($326M) expansion plan, will be located in the UAE, Qatar, Egypt and India, as well as in other countries. The group’s healthcare and retail division vice president Akbar Moideen Thumbay has said that the group expects to build 420 new medical facilities — including hospitals, medical universities, clinics and pharmacies — over the next four years. The number of staff is also expected to increase from the current 4,000 employees to around 15,000 by 2021.
A $1.2bn mixed-use project proposal, including a 480ft tall SkySpire observation tower, has been selected by San Diego Port Authority Commission for downtown San Diego Waterfront.The project, proposed by ThrillCorp and designed by AVRP/Skyport Studios, will be part of the transformation of 70 acres of prime downtown San Diego waterfront.The SkySpire will feature gondolas that spiral around the tower as they transport guests to a top level interactive observation experience — to be designed in partnership with the Smithsonian Media.In addition, the redevelopment proposal includes an aquarium, Bayfront beaches, hotels, marinas, retail outlets, dining establishments and other entertainment.ThrillCorp’s CEO David Gust said: "We have a great set of patented products, a terrific team and a solid business plan. Selection of our team and our product in San Diego adds tremendous value potential to the company."It places our observation product in an absolute trophy location. We are on a mission to create the most unique entertainment experiences in the world and this another step along that path."The final review of the proposal is expected to be complete by October, after which the development process will begin immediately.
Grand River Development, managed by Riant Capital, has unveiled plans for a $1.1bn mixed-use commercial tower in Taipei, Taiwan. The Taipei Sky Tower will be located adjacent to Taipei 101 in Taipei’s prime Xinyi District and will feature a retail podium, a luxury hotel, a lifestyle hotel and a theatre house. The 54-storey tower will measure more than 260m in height and include 93,000sq m in combined floor area. Riant Capital’s CEO Aaron Chan said: “Due to the unique location and street front exposure of the site, we are able to re-create a new whole pedestrian block comprising independently operated retail and F&B flagship/concept stores that one typically finds in major international cities such as New York, Tokyo or Hong Kong. “We believe that this pedestrian shopping experience will offer consumers an attractive alternative to the traditional department store concept and that our innovative approach will further enhance Taipei Xinyi District’s status as a premium business and retail centre in Asia.”
Abu Dhabi-based developer Aldar Properties has awarded contracts worth AED440M ($120M) to National Projects and Construction (NPC) for its Nareel Island and Al Merief communities in Abu Dhabi.Nareel Island is located on the coast in Al Bateen and is spread over two islands. It will include 148 villa plots, a lagoon, a marina, a clubhouse, open parks, private beaches, as well as pontoons and gardens. The earthworks and marine works tender packages have been awarded in October 2015. Reclamation work for the lagoon has also started, and dredging work on the southern island is complete.Al Merief project is located in Khalifa City and features 283 land plots. The villas will be located within recreational facilities and sheltered gardens, in close proximity to the community's parks, mosques, an Aldar Academies-operated school, and neighbourhood retail centre. The development’s conceptual and preliminary designs were completed in 2015.Aldar Properties’ chief development officer Talal Al Dhiyebi said: "As one of the most exclusive developments in the region, Nareel Island truly brings a new level of luxury to Abu Dhabi. Meanwhile, Al Merief is set to become a welcoming, impressive new address to a burgeoning area of the capital.“With the appointment of NPC, we are on track for the completion of both developments in 2017."Work on both projects is expected to be delivered over a 16 month-period.
Dubai South has awarded AED1bn ($272M) contracts for project developments in Dubai’s Residential District.Dubai South’s Residential District will feature 10,000 residential units, including villas, townhouses and apartments, accommodating about 35,000 residents. It will also include schools, nurseries, hospitals, retail outlets, food and beverage options, a post office, a swimming academy and a sports centre.Atkins Global, Studio International Architects and RNL Design have been selected to supervise the masterplan and product design for the mixed-use project, which will be delivered in phases. UAE-based Al Nasr is currently working on the first section of the District’s infrastructure, which will be completed by the fourth quarter of 2016. The company has also secured a contract for the construction of infrastructure in Dubai South’s Logistics District.Tristar Engineering & Construction has secured an infrastructure construction contract for the remaining areas of the first phase — scheduled to be complete by the fourth quarter of 2017.Parsons and Kele Constructions have also been awarded a contract to build the first phase of Sakany Staff Village, which will accommodate 20,000 residents by 2020.Additionally, UAE-based City Diamond Contracting has won a contract to build a multi-purpose aerospace supply chain facility in Dubai South’s Aviation District.Ahmed Al Ansari, Dubai South’s acting CEO, said: "We, at Dubai South, are excited to be working with the leading companies in the construction industry to help create a solid foundation for the future of Dubai South residents."This entirely new and incomparable model of urban living puts people first, while celebrating nature and diverse populations, which come together to form a thriving and healthy community."
UK-based property and construction consultancy Gleeds has been selected as project and cost manager on Formal Investments’ £75M commercial redevelopment in Glasgow, Scotland.The proposed development will include a 12-storey new building, incorporating 12,000sq m of Grade A office space on Bath Street, as well as the remodelling and refurbishment of a second building, formerly home to retailer BHS.Furthermore, a third premises located on Sauchiehall Street will be refurbished to include a total area of 22,000sq m.The former BHS site will be knocked down to make way for the new building, with the remaining construction set to include about 7,000sq m of office space above the existing retail offering. Under the contract, Gleeds will provide assistance in appointing additional consultants and managing the entire programme of works, once planning permissions for the project have been received.Gleeds’ director for Glasgow Brian Stevenson said: “I am delighted to be working with Formal Investments on yet another large-scale city centre development.“This scheme has the potential to completely transform both the commercial and public realms of this part of Glasgow and represents a fantastic opportunity for business across the board.”Subject to necessary approvals, work is anticipated to commence in mid-2017.
Construction firm Brookfield Multiplex has been appointed as the contractor by AMP Capital for the $600M Karrinyup Shopping Centre redevelopment in Perth, Western Australia.When completed, the project will offer space for large international and fashion retailers, food and entertainment venues and 150 housing units, in addition to the current retail offer.Karrinyup Shopping Centre is managed by AMP Capital Shopping Centres on behalf of its owner, UniSuper.AMP Capital shopping centres state development manager Scott Nugent said: “The redevelopment of Karrinyup will see the centre expand from 59,715sq m to 113,000sq m, and will surpass all other retail precincts previously delivered in Perth for its range of shops, lifestyle and entertainment options.”Brookfield Multiplex’s CEO John Flecker said: “We are excited to deliver the next phase of Karrinyup, which will reposition it to provide customers with an unprecedented retail and entertainment experience. AMP Capital has been investing in Western Australia since the late 1800s, and we look forward to investing further in the state.” The project will create 2,500 construction jobs and additional 2,500 jobs once completed.
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.
Fujairah National Construction (FNC) has won an AED700M ($191M) contract from Mag 5 Property Development (MAG 5 PD) joint venture for a housing community project in Dubai South. The MAG 5 Boulevard development will include 1,172 residential units, retail space, and food and beverage, leisure and entertainment amenities.The 74,000sq m project, located within Dubai South’s residential area ‘The Village’ and adjacent to the Expo 2010 site and Dubai Parks, will be surrounded by running and cycling tracks, playgrounds, and community and retail centres. Talal Moafaq Al Gaddah, MAG 5 PD’s chief executive, said: “FNC has an enviable portfolio for the delivery of premium real estate developments in the UAE. “We are confident in their ability to bring MAG 5 Boulevard to the market within two years and in doing so, create the ultimate quality affordable living in one of the city’s most sought-after locations, Dubai South.”The project is set to break ground this month.
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.
Specialist regeneration and development firm Urbo has submitted plans for a £175M mixed-use development project at West Bar, Sheffield.The West Bar Square project comprises 10 buildings, each with self-contained parking.The scheme, fronting Sheffield’s inner relief road, will create up to 130,000sq m of space, most of which will be office space.The application also includes plans for apartments blocks, a four-star hotel, restaurants, retail units and public spaces.The project presents a significant step forward in the regeneration of Sheffield’s Riverside Business District, which already contains major employers such as the Home Office and lawyers Irwin Mitchell.Peter Swallow, Urbo’s managing director, said: “We’re delighted to move West Bar Square to the next level. It is a very significant development for the city and will create a premier business district to attract major employers.“There has also been strong interest in private rented sector apartments with many investment funds eager to house people in a purpose-built environment.”Site assembly and clearance is already underway to enable the earliest possible start on site, subject to planning approval.
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.
Carillion has secured a contract to build the first building of Birmingham’s transformational Paradise Scheme.The UK-based company is the phase one enabling and infrastructure contractor for the £500M mixed-use project, and has now been named as the contractor for the seven-storey contemporary building. The 16,000sq m ‘One Chamberlain Square’ will include a roof terrace on the sixth floor and restaurants and retail units on the ground level. Simon Dingle, Carillion’s operations director, said: “Paradise is a crucial project for the city and Carillion is very proud to be playing such a major role in its delivery. “We are looking forward to completing the enabling works on the site and being able to bring our considerable experience to construct One Chamberlain Square.”The Paradise scheme will involve the development of commercial, civic, retail, leisure and hotel space, as well as improving pedestrian access and enhancing public realm.The project is being developed through Paradise Circus Limited Partnership (PCLP) — a private-public joint venture with Birmingham City Council.
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