Aldar Properties has won a contract to build media and entertainment free zone twofour54’s new home on the Yas Island.
Fetner Properties has been selected as the developer for the first NextGeneration (NextGen) Neighborhoods site on the Holmes Towers site in Manhattan, New York.
Emaar Properties has broken ground on what is set to be the world’s tallest building, The Tower at Dubai Creek Harbour.
Plenary Properties Merced (PPM) has been selected by The University of California, Merced, as the winning bidder for its next phase of the $1.14bn campus development.PPM will design and construct the new facilities as a single, fast-track project and ensure major building systems operate effectively over the 39-year term of the contract.The new facilities will be constructed in a 219-acre site that currently supports the existing campus and its 6,700 students. The four-year project is expected to almost double the physical capacity of the campus by 2020.The project will support Merced’s environmental sustainability objectives, as the campus has been recognized as one of the greenest in the country by the US Green Building Council.Furthermore, the developer will be responsible for raising the required private financing as part of the public-private partnership.Construction is set to commence in September 2016 with the project’s first phase scheduled for delivery in 2018. The remaining facilities are scheduled to be completed in 2020. The project is expected to create over 10,000 construction jobs in the region.
Springfield Properties’ plans for phase one of the £1bn Bertha Park mixed-use development in Scotland, UK have received the go-ahead from Perth and Kinross Council.The first phase will include construction of 1,061 new homes, commercial buildings, as well as leisure and recreation areas. Plans also include a new network of roads, and a new secondary school.Springfield Properties managing director Innes Smith said: “Perth is a very attractive place to live and work. Not surprisingly the city is one of the fastest growing places in Scotland. We are committed to enabling that expansion with homes, business and leisure opportunities over the next thirty years. Already we have spent five years developing this plan.”“The plan provides everything a growing community needs. It is important that there are homes for every age and stage. “There will be lots of options to suit all budgets. Homes for sale, homes for private and mid-market rental and homes for rent through housing associations; all are proposed. Many of the homes have been designed especially to suit the site. And all homes are designed to be very energy efficient, keeping bills low for householders.”Bertha Park scheme will be carried out in phases over 30 years, and is anticipated to create more than 2,000 jobs.
US-based Blackbaud has unveiled plans to construct a new global headquarters on Daniel Island in Berkeley, South Carolina.The $150M project, to be built by Holder Properties, will include a 33,000sq m eco-friendly campus and is expected to create 300 additional jobs over the next five years.Construction work on the project will commence in late 2016 and is anticipated to be complete in two phases. Phase one of the new campus is expected to be complete by 2018.South Carolina governor Nikki Haley said: “Since 1989, Blackbaud has been a terrific member of the South Carolina family, and this new expansion speaks to the company’s commitment to our state and its people.“The 300 new jobs created by this initiative are a milestone, not only for our Lowcountry community, but also for our state as a whole.”
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.
UK-based Springfield Properties has received planning approval from Perth and Kinross Council for a 3,000-home community .The £1bn project, named Bertha Park and located in Perth, covers an area of 333ha. Bertha’s first phase, likely to commence in 2017, will be assessed by a committee next month and will include 1,100 new private, affordable and retirement homes. Springfield managing director Innes Smith said: “We are delighted with today’s decision. This is a big step forward in a 30-year project and the result of five years of planning and design in partnerships with Perth and Kinross Council. “We have set our sights on delivering an exceptional place for people to love and work and we are excited to be bringing Springfield’s award winning homes to Perth. We are on track to start building in 2017, initially creating around 450 new jobs and supporting many more.”The development is expected to create more than 2,000 new jobs in the region.
Aldar Properties has launched Yas Acres in Abu Dhabi, a residential development worth AED6bn (about $1.63bn).Yas Acres will be built on the northern shores of Yas Island. It will feature range of two- to six-bedroom villas and townhouses.The development will have 1,315 villas. Villa clusters will include landscaped parks, running and cycling tracks, community pool areas along with playgrounds, sports facilities and barbecue areas.A full length nine-hole golf course and member's country will be at the centre of the development. Running the full length of the development along either side of the golf course will be the Royal Oak comprising four- to six-bedroom luxury villas with golf, park and sea views.Yas Acres will also feature five mosques, two schools, a retail centre, a full service ADNOC petrol station, a yacht club and marina. When completed, the development will be able to house 15,000 residents. Aldar Properties CEO Mohamed Khalifa Al Mubarak said: "Yas Acres is compelling for investors looking to buy into the steady returns and future growth of the well-established Yas Island community."The new development is also exciting for those who want to buy a family home to live in and aspire to the luxury lifestyle amenities that define Yas Island living."We have designed a complete, sustainable community and are confident buyers will be eager to gain access to these new quality homes."
Emaar Properties has unveiled plans to build a $1bn skyscraper in Dubai that will exceed the height of the Burj Khalifa, which is at present the tallest building in the world.The tower at Dubai Creek Harbour project will be "a notch taller" than the 828m Burj Khalifa, but its exact height has not been revealed. It has been designed by Spanish/Swiss neo-futuristic architect, structural engineer, sculptor and painter Santiago Calatrava Valls. The design will be finalised after elaborate wind tunnel testing and all mandatory seismic testing.The design of the tower has been inspired from the lily and invokes the image of a minaret, which is a common feature and distinctive aspect of Islamic culture. The building will have an observation deck, gardens, and between 18 and 20 floors dedicated to shops, restaurants and other tourist facilities.The project will take into consideration environmental and sustainability features such as environment-friendly tram service and a number of green corridors.Emaar Properties chairman Mohamed Alabbar said: "The Tower in Dubai Creek Harbour is our tribute to the positivity, energy and optimism that Dubai and the UAE celebrate, led by a leadership committed to all-round progress."It will be the destination for the world to visit, enjoy and celebrate life, as Dubai prepares to host the Expo 2020."It will also position Dubai Creek Harbour as one of the most desired residential, leisure and touristic attractions, providing visitors and residents with a modern, luxurious and sustainable environment in which to live, work, learn and entertain."
Century Properties Group, via its subsidiary Century City Development Corporation (CCDC), and Japanese firm Mitsubishi have broken ground on Forbes Media Tower at Century City in Makati, Philippines.