Nucor has announced that it will construct a modern, $1.35bn steel plate mill in Brandenburg, Kentucky, located along the Ohio River southwest of Louisville, US.
The Cordish Companies and Comcast Spectacor, a US-based sports and entertainment company, have unveiled plans to build a next-generation esports and entertainment venue at Philadelphia Sports Complex in Pennsylvania, US. With an investment of around $50m, the new esports arena will be constructed adjacent to the Xfinity Live! dining and entertainment complex in South Philadelphia. Comcast Spectacor-owned Philadelphia Fusion esports franchise, which is one of 20 international teams competing in the Overwatch League, will be the primary tenant of the arena. Featuring 60,000ft² of space, the new purpose-built esports arena will allow to seat up to 3,500 guests. Upon completion, the venue will become the largest new-construction esports arena in the Western Hemisphere. Kansas City-based architectural firm Populous has designed the Fusion Arena. Construction on the project is set to commence this summer. Comcast Spectacor chairman and CEO Dave Scott said: “Fusion Arena gives esports fans a best-in-class venue to call home and be proud of. Beyond competitive gaming, it’s a stunning facility that will host a wide array of events.” The arena will be provided with two balcony bars, club seats with USB ports, flexible loge boxes and exclusive suites. Around 10,000ft² of space will be allocated for training facility, broadcast studio and team offices. The industrial materials will be incorporated across the venue to pay tribute to Philadelphia’s manufacturing heritage. It also includes 6,000ft² public entry area, which will comprise of 2,000ft² of interactive media surface hovering 30ft above visitors. In February, the partnership also announced the construction of new class-A office tower, Pattison Place, with an investment of around $80m. The Cordish Companies principal Blake Cordis said: “Fusion Arena will set the gold standard for competitive gaming and debut on one of the country’s most exciting platforms of sports and entertainment amid Philadelphia’s professional sports teams.” Comcast Spectacor is owned by media and technology firm Comcast Corporation. The Cordish Companies develops and operates dining, entertainment and hospitality destinations across the US.
Beijing Construction Engineering Group International (BCEGI) has collaborated with real estate investment and development specialist Midia and Bolton Regeneration Limited (BRL) for the redevelopment of Crompton Place shopping centre in the UK.BRL will take the support of Bolton Council to carry out a £250m redevelopment programme, including new proposals for Crompton Place shopping centre.The partnership is planning to convert the shopping centre and surrounding area into a new retail, leisure, office and residential destination. The development also includes the opening of streetscape to provide pedestrian links to Bradshawgate.BCEGI is an equity and construction partner on the £1bn Airport City project in Manchester, as well as the preferred contractor for the new £1bn Middlewood Locks mixed use neighbourhood project in Salford.The company is also a main contractor for the The Lexington, which is a £90m, 35-storey housing project in Liverpool.BCEGI lead director Yu Dongwen said: “BCEGI is very pleased to be starting this exciting journey with our new partners at Bolton. “BCEGI is committed to the UK, particularly the Northern Powerhouse region and we look forward to working with Midia to bring forward the redevelopment plans for Bolton town center.”Crompton Place is said to be identified as one of five major intervention areas in the £1.2bn Bolton Town Centre Strategy and Regeneration Masterplan.Bolton Council has provided a £100m investment fund to better implement the strategy.Midia spokesperson said: “This is a significant milestone for the future of Bolton town centre, and we are delighted to be playing such an integral delivery role in redeveloping Crompton Place.“The partnership means that we can now move forward with our regeneration plans, whilst also creating new jobs throughout the life cycle of the build program.”Chinese state-owned Beijing Construction Engineering Group (BCEG) was established in 1953 and started to expand its operations across the globe with the creation of BCEGI.BCEGI is specialised in the development of projects through strategic partnerships and investment relationships. At present, BCEGI is carrying out its operations in countries such as the US, Canada, as well as in the UK.
York Central Partnership (YCP) has secured approval from the York Council’s planning committee for plans to transform the brownfield city centre site into a residential, cultural and commercial space.The outline planning application for York Central includes 2,500 homes, of which 20% will be affordable, and a commercial quarter that will create up to 6,500 jobs.The application is now subject to approval by Communities Secretary James Brokenshire.The YCP members, Homes England, Network Rail, National Railway Museum and City of York Council, have been collaborating for the past four years on a £155m funding package for infrastructure works to unlock the brownfield land.While Network Rail has utilised its land to enable housing and economic growth, the National Railway Museum will use its £50m masterplan to expand facilities for its visitors.Similarly, City of York’s Council has played a vital role in providing funding streams for the project and related works.Homes England and Network Rail will act as master developers for the site.The scheme, covering 45 hectares of brownfield land, is one of the largest regeneration sites in England.It will enable the expansion of the National Railway Museum; improve cycling and pedestrian access; create space for new hotels; the country’s first railway park; and a new entrance to the railway station.Furthermore, regeneration of the site is expected to help provide much-needed homes and grow the city’s economy by 20%, contributing to the Northern Powerhouse.A Strategic Board, chaired by Mary Archer of the Science Museum Group, will oversee the project to ensure delivery of the long-term vision of York Central.Board members include Homes England chairman Edward Lister, Network Rail chairman Peter Hendy, City of York Council Leader Councillor Gillies and Deputy Leader Councillor Aspden.An application for the first phase of infrastructure will be submitted later in 2019.Work is expected to commence in late 2019. Construction is expected to last 15 years.Avison Young, Allies & Morrison, Arup, Gustafson, Porter + Bowman, Turner & Townsend, DLA Piper and Savills have developed the outline planning application.
A total of 534 homes will be built in Dublin, Louth, Wicklow and Kildare under phase 1 of the first social housing public-private partnership (PPP) project in Ireland, with the signing of an agreement between Comhar Housing and the European Investment Bank (EIB), for €120m of new investment.
Western, a US-based commercial real estate development and design-build firm specialising in the aviation industry, has announced plans to develop a new Corporate Aviation Campus on 48 acres at Raleigh-Durham International Airport (RDU) in North Carolina.
German real estate company Patrizia Immobilien has secured planning permission for Edgbaston Residences, a £85m build-to-rent (BTR) scheme in Birmingham.
Enfield Council of the UK is looking for a development partner to deliver Meridian Two, a mixed-use scheme with 100% affordable housing and workspace, at its £6bn Meridian Water project.
The Mjösa Tower, the world’s tallest wooden building, has been completed in Brumunddal Norway.
Unibail-Rodamco-Westfield of France has signed an agreement with a subsidiary of Public Sector Pension Investment Board (PSP Investments) of Canada and QuadReal Property Group (QuadReal) to form Cherry Park Partnership for the development and management of a €750m (£670m) private rented sector (PRS) scheme in London.
Real estate investment and development firm The Domain Companies has announced the financing and commencement of construction on The Exchange’s first building, an $89m, mixed-use development in Salt Lake City, Utah.
German conglomerate thyssenkrupp’s plant engineering business has won an order from the Egyptian chemical and fertilizer manufacturer El Nasr Company for Intermediate Chemicals (NCIC) for the engineering, procurement and construction of a new fertilizer complex.
Leisure travel company Allegiant Travel and finance and investment firm TPG Sixth Street Partners (TSSP), in a partnership with TPG, have announced an agreement to finance the development of Sunseeker Resorts Charlotte Harbor in the Charlotte County/Punta Gorda area in southwest Florida, US.
British construction company Tolent has commenced work on Kirkstall Forge, a £400m project in Leeds that will deliver more than 1,000 new homes and 400,000ft² of offices, retail, leisure and community spaces.
UK-based property and development company Calthorpe Estates and mixed-use regeneration projects specialist U+I have secured planning permission from Birmingham City Council for the £330m New Garden Square regeneration scheme in Edgbaston.
UK-based real estate developer Court Collaboration, the City of Wolverhampton Council and the West Midlands Combined Authority (WMCA) have unveiled plans for a city living development in Wolverhampton, UK.
Stevenage Borough Council and Mace have signed a new agreement to jointly work on the long-term transformation of Stevenage Town Centre.
Finnish building services and industrial services company Caverion and Swedish construction company Skanska have been selected by the Northern Ostrobothnia Hospital District, Finland, as alliance partners for the development of B-building under the first phase of the Future Hospital OYS 2030 project.
Real estate developer Arada has announced the launch of Nest, an integrated student accommodation complex in the UAE, at the lifestyle megaproject Aljada.
The University of Manchester, which has unveiled plans to create a £1.5bn innovation district on the site of its North Campus near the planned HS2 station, has launched a bid to secure a partner for the new proposals.