CSX is set to build a new $160M intermodal terminal in Edgecombe County, North Carolina.The terminal, known as Carolina Connector, will transfer containerised cargo between trains and trucks and will initially process more than 260,000 containers annually,North Carolina’s governor Pat McCrory said: “This historic project is part of our 25-year vision for transportation because it facilitates efficient and cost-effective movement of goods, which is critical for job creation and economic growth.“The Carolina Connector will be a game-changer for our state’s economy, supporting North Carolina’s agriculture, ports and position as the Southeast’s No. 1 state for manufacturing jobs.”During construction, the project is expected to create 300 short-term jobs in engineering, technical services and construction. The terminal is expected to open in 2020 and create 1,500 jobs throughout North Carolina as a result of its operations.
German science and technology company Merck Group has unveiled plans to construct a new $115M campus in Burlington, Massachusetts.The 26,000sq m facility will feature a customer collaboration laboratory and training centre, as well as office space. It will serve as a major hub for the company’s North American life science business.The firm’s 850 full-time Billerica-based life science employees will be relocated to the new campus, once completed.Merck Life Science executive board member and CEO Udit Batra said: “This new and more expansive Merck campus gives us a unique, multi-use life science hub in the United States — one that provides our employees and customers with a sustainable and collaborative working environment.“We have a long history in Massachusetts, and as a global leader in life science, we are committed to strengthening our presence in one of the most important science and technology hubs in the world.”The building is aiming to achieve LEED certification and will be complete in the second half of 2017.
Beck Construction is set to build a new $100M manufacturing, research and development facility for cosmetics company Mary Kay in Lewisville, Texas.The 44,000sq m facility — to be located on a 26.2-acre plot at the northeast corner of Denton Tap Road and Vista Ridge Mall Drive — will support Mary Kay’s future needs in producing high-quality skin care and colour cosmetics.Jacobs Engineering will provide the building design services for the project. Mary Kay’s chief supply chain officer Thomas Cho said: “This state-of-the-art facility is being specifically designed and built to meet not only today’s, but tomorrow’s, challenges to ensure the future of Mary Kay in an ever-growing and changing global marketplace.“We are very excited about our innovative vision for Mary Kay’s new US-based global manufacturing and research and development facility.”Construction work is set to begin in September 2016 with projected completion due for the first quarter of 2018.
US-based hotel development and management firm North Point Hospitality has started construction on a new $137M Marriott hotel in the USA.The company introduced the project by unveiling an original 300-pound model of the hotel, made with 63,636 Lego bricks. The development will include a 209-room AC Hotel, a 136-room Residence Inn and a 125-room SpringHill Suites.According to North Point Hospitality, guests of the three hotels will have access to all amenities within the tri-branded property, which will only have one main entrance. North Point Hospitality’s president and CEO S Jay Patel said: “This is an historic day for Nashville and the Marriott brand. We are excited to partner with Marriott to bring this tri-branded design to ‘booming’ Nashville.“Having successfully developed a dual-branded hotel in the past, the tri-branded concept was a natural progression.”The development is anticipated to open in mid-2018.
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.