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.
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.”
WinnCompanies business unit WinnDevelopment and GDD Properties have started construction on a $200M project to redevelop the Sibley Building in downtown Rochester, New York.The project will start with the $100M phase, which includes the construction of 96 modern luxury apartment homes on the 9th–12th floors. The first phase will also include the addition of retail space on the Main Street and office space in the mid-rise, the construction of active senior living apartment homes, and a complete rehabilitation of the entire façade and windows of the building.Construction work on the top floor of the Sibley building — once home to the Tea Room of the Sibley Department Store — is in progress. Upon completion, the floor will become the headquarters of the High Tech Rochester’s Finger Lakes Business Accelerator Cooperative. WinnCompanies’ CEO Gilbert Winn said: “We are thrilled to take this leap forward in a project that will restore energy and economic development to the region’s most beloved building.“With Class A office space and luxury apartments, the new Sibley Building is transforming into the innovative center for office, retail, and housing while maintaining its historic character.”
Purdue Research Foundation has partnered with Browning Investments for the $1.2bn project to transform the west end of the Purdue University in Indiana, USA.The project, known as the Purdue Innovation District, involves the development of nearly 450 acres.Browning will be responsible for a comprehensive master planning that will include student and non-student housing, a lab, research and other collaboration spaces.It will also include office, discovery and entrepreneurial spaces, retail and public spaces, aerospace industry-focused research, and advanced manufacturing and light industrial space.The development will complement other initiatives already taking place on the west side of the campus.Purdue Innovation District director Jeff Kanable said that Indianapolis-based Browning was chosen because of its expertise in long-term development projects.Kanable added: "Browning has a strong history in funding, creating, and executing comprehensive plans for major long-term projects. We are confident in their leadership in the development of the Purdue Innovation District as well as the Research Park Aerospace District."The project is expected to commence late 2016 or early 2017 and is slated to take place over a 15-20 year period.
Construction has started on the $750M Greenleigh at Crossroads mixed-use development in Baltimore, Maryland.Greenleigh at Crossroads, part of Baltimore Crossroads development, will feature 1,000 single-family units and townhomes, 500 multifamily homes, three mid-rise Class A commercial office buildings covering 28,000sq m, 12,000sq m of single-storey office space, 11,000sq m of retail and a 120-room SpringHill Suites by Marriott hotel.The project will be delivered by St. John Properties, Somerset Construction Co. and Elm Street Development.St. John Properties has started construction on one of the office buildings, and is set to commence construction on the hotel in late 2016.Elm Street Development will soon commence construction of the single-family homes and townhomes, with models anticipated to be ready in early 2017.Somerset Construction is set to start work on The Berkleigh, a 317-unit luxury apartment community, in late 2016.
The University of Maryland has unveiled plans to redevelop several existing businesses into a mixed-use development.The $110M project will feature 300 luxury apartments and will also serve and enhance the amenities available to a community of more than 50,000 students and university staff.It involves collaboration between Bozzuto, Willard Retail, and the University of Maryland College Park Foundation, the entity that will acquire the property in early 2017. Bozzuto president and CEO Toby Bozzuto said: "We are grateful to have been selected to develop this wonderful project with the University of Maryland College Park Foundation, the University of Maryland, the City of College Park, Prince George's County, and Willard Retail."The combination of our previous experience developing Monroe Street Market with Catholic University and the strength of our partners will create a community to complement the university's ongoing redevelopment efforts in downtown College Park. This is a rare opportunity to develop a project with transformative potential and we are proud of our stake in this extraordinary collaboration."
The Georgia Institute of Technology and John Portman & Associates (Portman) have unveiled plans for the Coda collaborative building in Tech Square, Atlanta.Estimated to cost $375m, the 750,000 sq ft mixed-use development is being designed by Portman in order to achieve the primary goal of bringing research and commercialisation together.The development will have 620,000 sq ft of office space, half of which will be occupied by Georgia Tech, and nearly 40,000 sq ft of retail space, including the adaptive reuse of Crum & Forster building, which will become a local gathering place and outdoor living room for Tech Square and Midtown Atlanta.The development will also include an approximately 80,000 sq ft data centre, which Next Tier HD has been selected to operate.Coda will be programmed around high performance computing modelling, simulation and a sustainable innovation ecosystem, integrating the existing assets of Tech Square with new opportunities in interdisciplinary research, commercialisation and sustainability.The project is expected to create 2,100 construction jobs and 2,400 jobs onsite after completion. Portman Holdings’ CEO Ambrish Baisiwala said: "We're excited to develop Coda, encompassing collaborative office space, co-working and research facilities, a high performance computing centre and interactive community space, collectively enhancing the innovation ecosystem created by Georgia Tech and Midtown."
Long Beach city, in California, has secured funding for its $513m Civic Center P3 project.The project involves the creation of a new civic centre designed with a high seismic resiliency, an 11-storey, 270,000 sq ft city hall, an 11-storey, 237,000 sq ft port headquarters building, a two-storey 92,000 sq ft main library, a 73,000 sq ft civic plaza, and new underground parking with 469 spaces.It features a central utility plant and a three rooftop solar array system to meet 25% of energy needs of the civic centre, and a 4.9-acre revamped city park. Furthermore, plans are on for a future project featuring up to 580 homes, a retail space and up to 200 hotel rooms.Long Beach’s mayor Robert Garcia said: "We are excited to see this deal move forward and to meet the goals set by the city three years ago when it embarked on the Civic Center P3 procurement."I'd like to congratulate and thank our city council, city staff, our partners, and the Plenary led consortium that helped us to reach this important milestone."The Plenary-led consortium includes co-developer Edgemoor Infrastructure and Real Estate, Johnston Controls, Clark Construction, and Skidmore Owings & Merrill. The city's advisors include p3point, Arup, HOK, BAE Urban Economics, MBI, Sheppard Mullins, KNN and Kutak Rock.
RioCan Real Estate Investment Trust (RioCan), along with Embassy BOSA, has broken ground on the $500m Fifth and Third East Village project in Calgary.The 2.8-acre project site is located in the East Village area of downtown Calgary, Alberta. The mixed-use project, formerly known as CPA Lands, will include approximately 188,000 sq ft of retail space.Central to the project will be an 82,000 sq ft Loblaws City Market that will service the East Village, Bridgeland and Inglewood. Two residential towers will rise 20 floors above it, totalling 500 condos. Other tenants will include Shoppers Drug Mart and Olympia Liquor store.RioCan will own 100% of the retail portion of the site and has entered into a firm sale with the developer Embassy BOSA for the air rights above the commercial component of this development site.Embassy BOSA will be responsible developing the residential portion and will also fund their proportionate share of the infrastructure costs on a cost-to-complete basis. It had already paid the first instalment in the first quarter of 2016.Construction work on the project is anticipated to be completed in 2019.
Tyson Foods has sought approval from the Finance Committee of the Carroll County Quorum Court to build a new $136m processing facility near its existing poultry plant in Green Forest, Arkansas.The project is subject to sanction of certain tax abatements from the Carroll County Quorum Court, and sales and use tax credits from the Arkansas Economic Development Commission (AEDC).The Green Forest plant produces a variety of partially cooked chicken products for food service and retail customers. The new processing facility will increase capacity, and improve efficiency by reducing transportation of products to other locations for further processing.The 200,000 sq ft facility will be built across the street from the existing plant, with the two facilities connected by a corridor. Improvements will include new equipment and production lines, as well as processes and technology that will benefit food safety, quality and workplace safety.Construction is slated to start as early as summer of 2016 and the project should be completed in late 2017. When fully operational, the new processing plant will create about 85 jobs.Tyson Foods president of poultry Noel White said: "This project would allow us to better serve our foodservice customers through improved product mix and greater efficiencies."This is the first new plant construction project Tyson Foods has proposed to build in a number of years and we're hopeful we can partner with Carroll County and the AEDC to invest in our home state."
The Mashpee Wampanoag Tribe is set to break ground on First Light Resort & Casino in Taunton, Massachusetts, with an estimated cost of $1bn.The project will cover around 151 acres within an industrial park at 61R Stevens Street.The 150,000 sq ft casino will feature 3,000 slot machines, 150 gaming tables and 40 poker tables; food court, international buffet, two fine dining restaurants, center bar with lounge and stage, and a 24-hour café; 10 retail stores; 300-room luxury hotel with spa, large pool, roof terrace, and six event/meeting spaces; 300-room mid-range hotel with its own 200-seat 24-hour restaurant and 15,000 sq ft event centre; 300-room family 'water park' hotel with a 25,000 sq ft indoor/outdoor water park and an additional 500 surface parking spaces and 3,980 parking spaces in a parking garage.Construction will take place in four phases. The first phase of construction is slated to be completed by summer of 2017. The hotels, parking garage and water park will be built out through 2022.Mashpee Wampanoag Tribe's destination resort casino will create 1,000 union construction jobs during the building phases. The project will eventually bring over 2,500 permanent jobs to Taunton. Additionally, the resort casino will provide an estimated $120m in economic benefits to Taunton through payroll and opportunity for local business.The First Light Resort & Casino project is being backed by Malaysia-based casino operator Genting Group.
Plans have been unveiled for a casino and deluxe destination resort in East Taunton, Massachusetts.The project, dubbed First Light, is estimated to cost $500m. Work will be carried out in phases, with phase one involving construction of the casino, restaurants, entertainment and retail offerings. This phase is expected to be completed by the middle of next year.Plans for other phases will include the construction of three hotels, a parking garage, as well as a water park.The project is being financially backed by the Genting Group of Malaysia. It is also anticipated to create at least 1,000 construction jobs, and about 2,600 permanent jobs.The project is expected to break ground by April, subject to state approval.
Tutor Perini has won contracts from Related Companies and Oxford Properties Group for the construction of 15 Hudson Yards (Tower D) and The Shops & Restaurants (Retail Complex) at Hudson Yards in New York.The construction value managed by Tutor Perini for the two projects is worth about $1.2bn.The 70-storey, 960,000 sq ft 15 Hudson Yards building will be the first residential building at Hudson Yards. Expected to open in 2018, the building will feature 391 for-sale and rental residences, along with other amenities including an Equinox Fitness Club, and social and entertaining venues.The seven-storey Retail Complex will cover 1m sq ft area. The property, expected to open in 2018, will be home to The Shops & Restaurants at Hudson Yards.Tutor Perini Building Group executive vice president and CEO Craig Shaw said: “We are proud to be working with Related and Oxford on the Hudson Yards development, the largest privately funded development project in US history, and we are pleased to continue our work on the newest Hudson Yards buildings currently under construction.”
Taubman Centers has revealed plans for a $500m renovation of Beverly Center in Los Angeles, US.
Construction work has commenced on the first phase of the new multi-billion dollar Miami Worldcenter mixed-use urban development in Florida, US.
Dallas-based development firm KDC is set to start work on a new office building as part of a new $200m West Love mixed-use project near Dallas Love Field Airport, Texas.
Triangle Equities has broken ground on its $200m Lighthouse Point project on Staten Island, New York.
Holliday Fenoglio Fowler (HFF) has secured a $225m construction loan for Madison Centre, a 37-story, 753,869 sq ft, trophy office project in the central business district of Seattle.
Real estate groups RocaPoint Partners and The Georgetown Company have broken ground on a new $370m mixed-use development in Georgia, US.