Joint venture partners St Francis Group and iSec have started construction on a £120M business park in Bristol, UK.
Ten Liebherr tower cranes are being used in Russia to construct what will be the Europe’s tallest building.The Lakhta tower, part of the Lahkta Center in St. Petersburg, will be 462m high when completed.The 87-storey building was designed by British architects RMJM and will be home to the head office of energy company Gazprom. The tower will include sports facilities, a children’s technical park, a planetarium, a panoramic restaurant, a viewing terrace and additional office space. Moreover, the project will include the construction of a multi-purpose building featuring a cinema and theatre, among other amenities. Contractor Reinaissance Construction is erecting the Lakhta tower using four Liebherr luffing jib cranes, while the multi-purpose facility is being built with three luffing jib and three high-top cranes — all owned by rental company Sutek.The tower is expected to be complete in 2018.
Russian real estate development company LSR Group has begun construction on a new tram network in Krasnogvardeysky, St. Petersburg.The corresponding concession agreement was inked between the government of Saint Petersburg and Transportnaya Kontsessionnaya Kompaniya, a joint venture of LSR Group and Leader Investment Company. The overall project, including the upgrading of existing lines and the construction of a new tram network and its operation over the period of 30 years, is expected to cost RUB32.7bn ($488.6M).In particular, the construction and maintenance of the tram network will require an investment of RUB12.7bn ($189.7M).Construction work is expected to be complete in the fourth quarter of 2018.
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.