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Hankey Investment and Jamison Properties have broken ground on a $300m residential tower at 2900 Wilshire Blvd in Koreatown, a sub-market adjacent to downtown Los Angeles, US.
The Cresset-Diversified QOZ Fund has formed a joint venture with Hines to develop The Preston, a new residential building in downtown Houston, US.
ExxonMobil and Qatar Petroleum have decided to proceed with the development of the Golden Pass LNG (liquefied natural gas) export project in Sabine Pass, Texas.
Pembina Pipeline and its partner Kuwait’s Petrochemical Industries (PIC) will move forward with the construction of a C$4.5bn ($3.43bn) worth integrated petrochemical complex in Alberta, Canada.A final investment decision has been taken by the two companies in this regard, paving way for the construction of a propane dehydrogenation (PDH) plant and a polypropylene (PP) upgrading facility (PDH/PP Facility). The project will be owned by their joint venture Canada Kuwait Petrochemical (CKPC).The PDH/PP Facility will be constructed inside the Alberta Industrial Heartland in Sturgeon County, near the Redwater fractionation complex (RFS) owned by Pembina.Expected to be operational in mid-2023, based on receipt of environmental and regulatory approvals, the petrochemical facility will produce 550,000 tons per annum of PP.Considered to be a high-value polymer, PP is used in various finished products such as automobiles, food packaging, medical devices and home electronic appliances.The new petrochemical facility will use about 23,000 barrels per day of local propane from RFS and other regional fractionation plants as its feedstock.Pembina president and CEO Mick Dilger said: "Sanctioning of the PDH/PP Facility is the largest step taken to date by Pembina in executing its strategy to secure global market prices for customers' hydrocarbons produced in western Canada, and provides another exciting platform for future growth."Today's announcement is the culmination of many years of hard work with our partner to develop a project that is well positioned to capitalize on Alberta's abundant supply of propane and undertake value-added processing that benefits all of Pembina's stakeholders, the Province of Alberta and indeed all of Canada.”On its part, Pembina will invest C$2.5bn ($1.9bn) in the PDH/PP Facility in line with its 50% stake in CKPC. As per an agreement with PIC, the Canadian pipeline transport company will provide services under a long-term, take-or-pay arrangement from the new facilities.PIC, on the other hand, has the right to market the PP produced from the petrochemical facility as per an agreement signed with its joint venture partner in last May.Last week, Pembina approved a $382m expansion of Peace pipeline system in Alberta. Under this expansion project, the company will construct new 10 and 16inch pipelines in the Gordondale to La Glace corridor of the Canadian state in addition to six new pump stations or terminal upgrades between Fox Creek and Gordondale.
The Washington State Department of Transportation (WSDOT) has announced the opening of the new SR 99 tunnel, a two-mile, double-deck tunnel part of replacement for Seattle’s seismically vulnerable Alaskan Way Viaduct, to traffic.
American shipbuilding, ship repair and industrial service provider Vigor Industrial has signed an agreement to take over the former home of Christensen Yachts in Vancouver, Washington, to establish an aluminium fabrication facility for the US Army’s new landing craft, Maneuver Support Vessel (Light).
Cinemark Holdings, engaged in the motion picture exhibition business, has unveiled plans to construct a 14-screen theatre in the new Cottonwood Creek Market development in Waco, Texas.Set to open in the spring of 2020, the new theatre forms part of a 143-acre, master planned, mixed-use project developed by NewQuest Properties.Located at the intersection of I-35 and Loop 340/Hwy 6, the 14 auditoriums at the Cinemark Waco and XD theatre will feature advanced technology and customer-preferred amenities, including Cinemark XD auditorium and Cinemark’s Luxury Loungers.The auditoriums will include ultra-modern viewing environment with wall-to-wall screens and enhanced sound systems and 4K digital projection powered by Barco with RealD 3D capability.The theatre will also feature a lobby lounge offering expanded food and beverage options. Furthermore, seats in all auditoriums can be reserved with convenient online and kiosk ticketing.Cinemark CEO Mark Zoradi said: “We are proud to work with our long-time partner, NewQuest, to bring the Waco community the ultimate movie-going experience with our new Cinemark location coming soon to Central Texas.“With our Luxury Lounger recliners, XD auditorium and more, Cinemark will give guests the opportunity to enjoy the newest films in one of the most innovative viewing environments."NewQuest Properties co-founder and managing partner Steve Alvis said: “We are pleased to welcome Cinemark to Cottonwood Creek Market. The Cinemark theatre will anchor our entertainment wing, which will have an exciting collection of restaurants and retail in a beautifully landscaped environment.”Apart from the new Cinemark theatre, Cottonwood Creek Market will include several restaurants, entertainment and a wide range of retail shops in its 285,000ft² of space sprawling over a 63-acre site. The centre will also feature office spaces and multifamily homes.Cinemark operated 541 theatres with 6,014 screens in 41 US states, Brazil, Argentina and 13 other Latin American countries as of 30 September 2018.
Dignity Health California Hospital Medical Center, a community hospital in Los Angeles, California, has begun construction on a $215m campus expansion and modernisation project.The project will include the construction of a new, 150,000ft² patient care tower, which will be the centrepiece of the project.The new facility will add space, privacy and advanced medical technology while improving capacity and accessibility for emergency, trauma and maternity services.The first floor of the new tower will feature larger, private, emergency and trauma bays.“The new ED will streamline triage to evaluate patients more efficiently and effectively while providing dedicated space for trauma care with six large bays,” Dignity Health said.The new tower will include an upgraded neonatal intensive care unit with private rooms and labour and delivery suites including midwifery services, apart from antepartum and postpartum services.It will also feature private rooms to accommodate multiple births, a water-birthing suite, private postpartum rooms permitting family to stay with moms and babies overnight, private triage rooms where moms-to-be can be evaluated and cared for, and separate antepartum rooms.As part of the expansion, a new paediatrics unit will be set up on the sixth floor of the existing Tibbitts Tower, an emergency mental health observation centre next to the new ED.Furthermore, the expansion will include a new multi-level parking structure with meeting and retail space on the ground floor.The $215m expansion project is being supported by Dignity Health through a loan of $165m and a capital campaign seeking local philanthropic investment of $50m.The project is expected to be completed in 2020 with occupancy in 2021.CHMC president Margaret Peterson said: “This ambitious project will help ensure that California Hospital can continue to fulfill its mission of serving our community now and for many years to come.“This expansion will also enable the hospital to attract top-level talent plus accept more medical residents, nursing students and students from other disciplines, strengthening our role as a major teaching hospital.”
US-based Caesars Entertainment has unveiled plans to open its first non-gaming hotel in the US, as part of its strategy to expand its brands and loyalty network.The hotel, dubbed Caesars Republic Scottsdale, will be located next to the region's premier luxury retail destination, Scottsdale Fashion Square. It will be a four-star hotel developed by HCW Development and operated by Aimbridge Hospitality.Featuring 266 rooms, the 11-storey glass structure will be developed at the intersection of North Goldwater and East Highland Avenue. Caesars Republic Scottsdale is set to break ground in the second half of 2019.The hotel will feature a 7,000ft² column-free ballroom with 34ft sliding glass doors which open out onto the adjacent lawn, suitable for outdoor events for up to 600 people.The ballroom is divisible into four sections and can accommodate banquets up to 500 people. It will also feature an advanced sound, internet and audio-visual system.The hotel will include a rooftop pool and bar on the seventh floor of the building. The pool, touted to be the only rooftop pool in Scottsdale, will host activities such as yoga at 9 and champagne at 11. The hotel's fitness centre will be located next to the pool.The hotel’s interior décor will feature rich textures and strong architecture, contrasting soft curves and bold accents in a chic and classy lobby.Guests can enjoy an after-work cocktail or glass of wine after a day of shopping at the first-floor bar.The guestrooms will be in a mix of kings, double queens, one and two-bedroom suites. The hotel will also feature a bridal suite, and five luxury entertainment suites on the 11th floor.The second floor will feature five breakout rooms which will accommodate up to 40 people each or can be opened for events up to 200 members. The second-floor executive board room has a seating capacity of 16 at a permanent table.Caesars Entertainment president and CEO Mark Frissora said: "Caesars Republic Scottsdale represents the introduction of a new world-class brand and further progress on our strategy to expand our non-gaming business into premier destinations."This project will be our first non-gaming asset in the United States and demonstrates the global strength of the Caesars brand. We look forward to partnering with HCW Development and Aimbridge Hospitality to create a world-class experience in one of the nation's most desirable communities."
Transurban Group has signed agreements with the Commonwealth of Virginia to invest more than $1bn to deliver four road projects along Interstate 495 and Interstate 95 in northern Virginia.Virginia Governor Ralph Northam said: “My administration is committed to creating opportunity for Virginia families and businesses in every corner of the Commonwealth, and that requires having a safe, reliable transportation network.“I am pleased to announce these four projects that will bring significant improvements to I-495 and I-95, easing congestion, enhancing safety, and driving economic growth.”The transportation projects include the extension of the 495 Express Lanes for 3.2km from the I-495 and Dulles Toll Road interchange to the vicinity of the American Legion Bridge and Maryland line.The projects include the addition of a new, reversible ramp connecting the existing 95 Express Lanes at Opitz Boulevard to provide improved access to Potomac Mills and Sentara Virginia Medical Center and construction of a new southbound Occoquan auxiliary lane on Interstate 95 in Woodbridge in order to ease the traffic congestion at the Occoquan Bridge.Work on the transportation projects is anticipated to start after securing financing in FY2021.Transurban Group CEO Scott Charlton said: “We’re pleased to work with our partners in Virginia to continue improving transport infrastructure in the Greater Washington area.“This important network enhancement, extending the 495 Express Lanes to the north, is a further example of the incremental network enhancements we are able to achieve across our networks to provide congestion relief for our customers.”“Construction commencement is timed to coincide with completion of a number of our current development projects, including the 395 Express Lanes in the Greater Washington Area, NorthConnex and stages 1B and 2 of WestConnex in Sydney as well as the Logan Enhancement Project in Brisbane.”Furthermore, the plans for the Fredericksburg Extension Project (Fred Ex), a project featuring a 10-mile extension of the 95 Express Lanes to Fredericksburg, has been finalised and is on track for commercial close later this year.
Blue Origin team and Alabama Governor Kay Ivey have broken ground on a modern rocket engine production facility in Huntsville, a city in the US state of Alabama.
Waypoint Residential, a US-based real estate investment management firm, has unveiled plans to develop a multifamily property, dubbed Walcott Jeffersonville, in Jeffersonville, Indiana.
American technical services firm Jacobs Engineering has been selected by the Delta Conveyance Design and Construction Authority (DCA) for engineering design management (EDM) services pertaining to the $17bn California WaterFix programme.
Aecom Capital, the investment wing of American engineering firm Aecom, and Combined Properties, a full-service real estate firm, have partnered with Montage Hotels & Resorts for the construction of Pendry West Hollywood and the Pendry Residences West Hollywood in the US.
The Nevada Department of Transportation (NDOT) has broken ground on the $73m next phase of the Centennial Bowl interchange in northwest Las Vegas, US.
Spanish civil and engineering construction company ACS Group has secured its first large-scale port project in North America for the design and construction of €260m container terminal extension at Vancouver Fraser Authority Port in British Columbia, Canada.
Balfour Beatty Campus Solutions, a developer and operator of infrastructure projects for the college and university market and part of Balfour Beatty Investments, has reached financial close on a public-private partnership project to develop an on-campus housing and dining community at the University of North Carolina Wilmington (UNCW), US.
Roy Anderson, a subsidiary of construction company Tutor Perini, has won a contract worth approximately $88m from the Charleston County Aviation Authority for a new five-storey, parking garage at Charleston International Airport in Charleston, South Carolina, US.
Nucor, an American company producing steel and related products, has announced plans to build a modern, $1.35bn plate mill in the US Midwest.
Great Lakes Dredge & Dock has won a $92m contract from the US Army Corps of Engineers (USACE) to deepen and widen the Corpus Christi Ship Channel (CCSC) from the Gulf of Mexico to Harbor Island, as part of the Channel Improvement Project (CIP).
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