The Cresset-Diversified QOZ Fund has formed a joint venture with Hines to develop The Preston, a new residential building in downtown Houston, US.
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."
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.
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.
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.
British packaging company DS Smith has broken ground on a new facility in Lebanon city of Boone County, Indiana, US.
The University of Texas at Austin (UT), US, and ArenaCo, a team comprising the Oak View Group (OVG), Live Nation, C3 Presents and Matthew McConaughey, will build a modern, 10,000-seat arena on campus that will be home to Texas Men’s and Women’s basketball games, graduations, concerts and other events.
American real estate developer Presidio Residential Capital and Coastal Community Builders have secured approval from the San Luis Obispo City Council, California, to develop San Luis Ranch, a 131-acre mixed-use community in San Luis Obispo.
Katy Boardwalk District development team has announced plans for a new lakefront destination, which will serve as a hub for entertainment, community and culture, anchored by a full-service conference centre hotel, and a 90-acre nature preserve in Katy, Texas, US.
Crow Holdings Capital-Real Estate (CHC-RE), in partnership with Rob Riner Companies, is developing a new, four-building industrial park in the South Fort Worth submarket in Dallas/Fort Worth (DFW), US.
Internet search giant Google has announced that it will invest more than $1bn (£760m) to establish a new campus in Manhattan, New York City.
McLaren Health Care and Michigan State University officials broke ground on a $450m health care campus at the University Corporate Research Park in South Lansing, Michigan, US, marking the beginning of construction on the acute care hospital portion of the project.
Ground was broken on Monroe Blocks, a mixed-use development in Detroit, Michigan, and Danish architecture company Schmidt Hammer Lassen’s first project in the US.