Civic

Oak View Group Unveils Plans for $3B Arena, Casino Project South of the Las Vegas Strip

by Katie Sloan March 31, 2022

LAS VEGAS — Oak View Group has unveiled plans for a $3 billion entertainment district spanning 25 acres south of the Las Vegas Strip. The project will be located at the intersection of Interstates 15 and 215, and is set to include an 850,000-square-foot arena, casino, hotel and an additional entertainment venue. The arena will host upwards of 20,000 seats and will offer amenities such as suites and premium hospitality clubs. Oak View Group is actively seeking a partner to operate the hotel and casino portion of the development, and has held talks with a number of potential participants, according to reports by Bloomberg. The arena portion does not yet have a tenant. “We are proud Oak View Group has chosen Nevada for its next and largest project,” says Nevada Governor Steve Sisolak. “This newly proposed entertainment district in Las Vegas will help continue the state’s economic momentum and create thousands of jobs and greater prosperity for Nevadans.” Groundbreaking on the project, which is designed by architecture firms Gensler and Populous, is scheduled for 2023. Marc Badain, former president of the NFL’s Las Vegas Raiders, will also partner with Oak View Group on the development. “South of the Las Vegas strip represents …

March 31, 2022

Civic Development Midwest Minnesota

Kraus-Anderson Completes $9M Meat Science Laboratory at University of Minnesota

by Kristin Harlow March 30, 2022

ST. PAUL, MINN. — Kraus-Anderson has completed Phase III of the Andrew Boss Laboratory of Meat Science on the St. Paul campus of the University of Minnesota. The $9 million project, which began in May 2019, was conducted in multiple phases in order to allow portions of the building to be occupied during construction. The four-story, 14,283-square-foot project completes the replacement of all mechanical and electrical systems building-wide. BWBR Architects designed the project, while University Services Capital Project Management served as project manager. The meat processing facility contains research and teaching labs, a stadium-seating presentation classroom, a meat and dairy consumer salesroom and offices.

March 30, 2022

Acquisitions Civic New Jersey Northeast Retail

Katz & Associates Arranges $13M Sale of Former Movie Theater in Hoboken, New Jersey

by Taylor Williams March 29, 2022

HOBOKEN, N.J. — Locally based brokerage firm Katz & Associates has arranged the $13 million sale of the 20,000-square-foot former Bow Tie Cinemas building in Hoboken, located across the Hudson River from Manhattan. Jonathan Greenberg of Katz & Associates represented the seller, Hoboken Theaters LLC, in the transaction. Jon Compitello and Dan Spero of JLL represented the buyer, Hoboken Grace Community Church, which will use the buildings as its new headquarters and community center.

March 29, 2022

Civic Development New York Northeast Retail Top Stories

Buffalo Bills Reach Agreement With New York State, Erie County for New $1.4B Football Stadium

by John Nelson March 29, 2022

ORCHARD PARK, N.Y. — The Buffalo Bills have reached an agreement with New York State and Erie County for a new $1.4 billion football stadium in Orchard Park, a southeast suburb of Buffalo that is also home to the team’s current arena, Highmark Stadium. According to New York State, the new stadium represents the largest construction project in the history of Western New York. The National Football League (NFL) and the Bills have committed to providing a combined $550 million for the project, while New York Gov. Kathy Hochul plans to advance a $600 million proposal to the state budget. Erie County will contribute $250 million. NFL owners on Monday approved the deal, which keeps the team in Buffalo for another 30 years. “While there are a few more yards to go before we cross the goal line, we feel our public-private partnership between New York State, Erie County led by county executive Mark Poloncarz and the NFL will get us there,” say Terry and Kim Pegula, owners of the Buffalo Bills. The agreement details the construction of a new stadium with a minimum of 60,000 seats in Orchard Park to be designed and constructed by the Bills. The team …

March 29, 2022

Civic Development Midwest Minnesota

Kraus-Anderson Completes $34M Elementary School in Eveleth, Minnesota

by Kristin Harlow March 25, 2022

EVELETH, MINN. — Kraus-Anderson has completed Laurentian Elementary, a $34 million elementary school located at 1409 Progress Parkway in Eveleth, a city in Northeast Minnesota. The school is part of Rock Ridge Public Schools. Designed by Cuningham Group Architecture, the 89,000-square-foot property serves students in pre-K through sixth grade. Specific features of the project include an indoor playground, gymnasium, athletic field and outdoor learning courtyard. The school will open to students this fall.

March 25, 2022

Acquisitions Civic New York Northeast

Marcus & Millichap Brokers $9.6M Sale of Civic Building in Brooklyn

by Taylor Williams March 25, 2022

NEW YORK CITY — Marcus & Millichap has brokered the $9.6 million sale of a 28,000-square-foot civic building located at 555 Remsen Ave. in the East Flatbush neighborhood of Brooklyn. Jakub Nowak and Thomas Brennan represented the undisclosed seller in the transaction. Yossi Hackner of Sapphire Realty represented the buyer, a religious institution that also requested anonymity.

March 25, 2022

Civic Development Massachusetts Northeast

Skanska Tops Out 170,000 SF Belmont Middle School in Metro Boston

by Taylor Williams March 24, 2022

BELMONT, MASS. — International developer Skanska has topped out Belmont Middle School, a 170,000-square-foot civic project on the western outskirts of Boston. In addition to dedicated classroom, recreation and administrative space, the middle school building will share the major facilities of the high school, including the kitchen and café, auditorium, pool and field house. Construction of the middle school marks Phase II of a larger project following the delivery of the 451,000-square-foot high school building. With that project, which was completed last September, Skanska renovated and expanded the building to include new academic and science wings, media and dining areas, administrative health suites and updates to the existing gymnasium and pool. Completion of the middle school building is scheduled for September 2023.

March 24, 2022

Civic Development Healthcare Texas

TCU to Open 100,000 SF Medical Education Building in Fort Worth

by Taylor Williams March 23, 2022

FORT WORTH, TEXAS — The Texas Christian University (TCU) School of Medicine will open a 100,000-square-foot building within Fort Worth’s Near Southside District. Designed by CO Architects and Hoefer Welker, the project represents the first phase of development of a new campus that will serve as an academic hub for some 240 medical students, as well as faculty and staff. TCU launched its medical school program in 2019 with an initial enrollment of 60 students. Construction of the four-story building is set to begin later this year and to be complete in advance of the fall 2024 semester

March 23, 2022

Civic Leasing Activity New York Northeast

Bold Charter to Open 10,000 SF School in The Bronx

by Taylor Williams February 25, 2022

NEW YORK CITY — Bold Charter School will open a 10,000-square-foot learning center at 1093 Southern Blvd. in The Bronx. The school, which will open in time for the 2022-2023 academic year, will have eight classrooms and will be able to support about 240 students in grades K-4. Stephen Powers and Lindsay Ornstein of OPEN Impact Real Estate, along with Tom Hines and Casey Noel of Transwestern, represented Bold Charter School in its site selection and lease negotiations. David Israeli and Joseph Israeli represented the landlord, Meyerson Management LLC, on an internal basis.

February 25, 2022

Civic Development Texas

HWH, Parkhill Complete 134,200 SF Athletic Facility in Melissa, Texas

by Taylor Williams February 18, 2022

MELISSA, TEXAS — Construction services firm Harrison, Walker & Harper LLC (HWH) and architecture and engineering firm Parkhill have completed a 134,200-square-foot athletic facility for the Melissa Independent School in Collin County. The center houses an indoor practice facility that can accommodate multiple practices simultaneously. Other features include locker rooms, a weight room, treatment area, training rooms, theater classrooms for lectures and film review, an indoor turf field and an eight-lane competition track and football/soccer field. The project carried a price tag of $21.3 million.

February 18, 2022

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