Civic

Janus Property Breaks Ground on 350,000 SF Life Sciences Building in West Harlem

by Taylor Williams May 13, 2019

NEW YORK CITY — Janus Property Co., a developer and manager of residential and mixed-use properties, has broken ground on the Taystee Lab Building, a 350,000-square-foot life sciences property in West Harlem. The 11-story building, located at the site of the former Taystee bread bakery, will be marketed to firms in the life sciences, technology, academic, and arts sectors. Specific features will include floor plates ranging in size from 36,000 square feet at the base to 15,000 square feet at the penthouse level, floor-to-ceiling glass and 20,000 square feet of outdoor space. Designed by architecture firms LevenBetts and SLCE, the project is expected to be complete by late 2020.

May 13, 2019

International Spy Museum, Washington, D.C.

Civic Development District of Columbia Southeast Top Stories

JBG Smith, Malrite Complete $162M International Spy Museum in Washington, D.C.

by Jeff Shaw May 10, 2019

WASHINGTON, D.C. — JBG Smith Properties and Malrite Co. have completed the development of a new and expanded International Spy Museum at L’Enfant Plaza in Washington, D.C. When the project was announced in 2015, The Washington Post reported that the estimated costs were $162 million. The building officially opens to the public on Sunday, May 12. The development more than doubles the size of the museum to 140,000 square feet and moves it from F Street to just two blocks south of the National Mall and two blocks north of The Wharf. L’Enfant Plaza has its own stop on the Metro rail line. The museum showcases the world’s largest collection of international espionage-related artifacts and features an interactive exhibition highlighting the villains in the James Bond movies. In addition to larger exhibition space, the new building also includes dedicated temporary exhibition space; a learning center with workshop spaces; a theater for lectures, films and panel discussions; and adaptable spaces for programs. The rooftop provides nearly 360-degree views of the city, including the Capitol Building and Washington Monument. Indoor event space is encased in floor-to-ceiling windows for private events and public programs. London-based architect Rogers Stirk Harbour + Partners designed the building, …

May 10, 2019

Acquisitions Civic New Jersey Northeast

Township of West Orange Buys 138-Acre Golf Course, Future Development Site in New Jersey

by Taylor Williams April 25, 2019

WEST ORANGE, N.J. — The Township of West Orange, located just west of Newark in New Jersey, has acquired Montclair Golf Club at Rock Spring, a 138-acre course and future commercial development site. The sales price was $11.1 million. The site is located near Interstate 280 and is situated adjacent to South Mountain Reservation, a 2,000-acre park featuring a zoo, indoor ice skating rinks, walking trails and miniature golf. Jose Cruz, Kevin O’Hearn, Michael Oliver and Stephen Simonelli of HFF represented seller Montclair Golf Club in the transaction. The buyer did not disclose specific development plans.

April 25, 2019

California Civic Development Western

C.W. Driver Cos., Ware Malcomb Complete $5.4M Braille Institute Anaheim Center Facility

by Amy Works March 18, 2019

ANAHEIM, CALIF. — C.W. Driver Cos., as general contractor, and Ware Malcomb, as architect, have completed the development of Braille Institute Anaheim Center, a 14,700-square-foot building located on the institute’s existing campus in Anaheim. Located at 527 N. Dale Ave., the $5.4 million building replaces the institute’s former multi-structure facility and provides a larger unified space to serve more visually impaired children, adults and seniors from Orange, Los Angeles and Riverside counties. The property includes a 2,500-square-foot learning resource center featuring a library, computer lab, low-vision consultation area and counseling space. Additionally, the facility features designated areas for Braille reading education and self-defense training, as well as a 2,100-square-foot multipurpose room, four classrooms, an art and ceramics studio, training kitchen and multiple technology labs. The new project also features exterior gardens, gathering spots, a dog run and an open-air courtyard.

March 18, 2019

Civic Development Texas

Avenue Receives $3.4M in Financing to Develop Community Resource Center in Houston

by Taylor Williams March 1, 2019

HOUSTON — Avenue, a local nonprofit affordable housing developer, has received $3.4 million in project financing for the development of a community resource center in Houston. The property, which will be located at 3527 Irvington Blvd. in the city’s Moody Park area, will feature a health clinic and an early childhood education center. The groundbreaking is slated for the second quarter, and completion is scheduled for early 2020.

March 1, 2019

Civic Development Florida Southeast

Skanska USA, HOK Complete $154M Expansion, Renovation of Tampa International Airport’s Main Terminal

by Alex Tostado February 28, 2019

TAMPA, FLA. — Construction and development firm Skanska USA and design firm HOK have delivered the $154 million expansion and renovation of Tampa International Airport’s main terminal. The project includes improved sight lines across the terminal floor, additional seating areas and four outdoor terraces accessible to passengers and employees. The project added 98,000 square feet of usable space and 69 concessions spaces. The work also included the installation of 32 new escalators and renovation of all 24 public elevators in the main terminal. Additionally, privacy glass was installed in restaurant and event spaces to allow for more natural light. Construction began in 2014 and is the first of a three-phase renovation. At full build-out, Tampa International Airport expects to accommodate more than 34 million passengers annually, up from 21 million in 2018.

February 28, 2019

Acquisitions Civic Texas

SkyWalker Property Partners Acquires 56,497 SF Educational Campus in Tulsa

by Taylor Williams February 26, 2019

TULSA, OKLA. — Arlington-based SkyWalker Property Partners has acquired a 56,497-square-foot educational campus leased to Platt College in Tulsa. Platt College’s parent company, North Texas-based Ancora Education, provides vocational training in healthcare, technology and other skilled trades. Angela West of CBRE represented the seller, CMS EDU Tulsa LP, in the transaction. Gary Walker and Clint Holland of SkyWalker Property Partners negotiated the acquisition for the buyer of record, Cooking with Gas LLC.

February 26, 2019

Civic Data Centers Finance Insight Healthcare Hospitality Industrial Loans Mixed-Use Multifamily Office Restaurant Retail Self-Storage Seniors Housing Student Housing

Alliant: Communication is a Commodity in Today’s Lending Environment

by Jaime Lackey February 19, 2019

Communication and transparency are always top priorities for commercial lenders and borrowers. Paul Letourneau, manager of commercial lending at Alliant Credit Union, believes these are the true skills lenders should leverage in today’s market. Letourneau knows we’re long in this cycle — and he says that’s not a bad thing. There is still a great need for capital, but with that demand comes the competition among suppliers. This, Letourneau asserts, has caused lenders like credit unions to make sure their relationships with mortgage brokers and sponsors are as strong as possible. The ability to remain competitive while disciplined is no easy task. Letourneau believes this starts with strong communication between all parties. Watch the video for more insights from Letourneau. Alliant Credit Union is a content partner of REBusinessOnline. Click here to view articles written in conjunction with Alliant.

February 19, 2019

Mission-Hills-Hillcrest-Library-San-Diego-CA

California Civic Development Western

C.W. Driver Cos. Completes $17.9M Public Library in San Diego’s Mission Hills District

by Amy Works February 11, 2019

SAN DIEGO — C.W. Driver Cos. has completed the development of Mission Hills-Hillcrest Harley & Bessie Knox Public Library, located at 925 W. Washington St. in San Diego. Four times the size of the former library, the one-story, 15,000-square-foot facility will serve the Mission Hills and Hillcrest neighborhoods. Situated at the corner of West Washington and Front streets, the project includes a two-story, 30,000-square-foot underground parking structure with 85 parking spaces and the formation of an adjacent cul-de-sac at the end of Front Street. Manuel Oncina Architects and Ferguson Pape Baldwin Architects collaborated with C.W. Driver Cos. to design the library. The facility features a mission-style entry; a lobby with 25-foot ceilings featuring trusses, trellises and a skylight; and a traditional reading room. Additional offerings include a community room, 1,400-square-foot outdoor patio, 1,600-square-foot children’s area, 384-square-foot teen area, 400-square-foot garden, meeting room, four study rooms, adult computer area and an idea lab that offers 3D printing and other technologies.

February 11, 2019

Acquisitions Civic Texas

Crow Family Gifts Art Museum in Downtown Dallas to UT Dallas, Donates $23M for Second Museum

by John Nelson February 4, 2019

DALLAS — The Trammell and Margaret Crow family has donated the entire collection of the Trammell and Margaret Crow Museum of Asian Art to The University of Texas at Dallas (UTD). The museum, which recently underwent a 5,000-square-foot expansion, is located at 2010 Flora St. within the Trammell Crow Center in the city’s Arts District. Following decades of collecting art from Asian countries, the Crow family established the Asian arts museum in 1998. The museum has a long-term lease at the building with landlord JP Morgan Chase, and UTD plans to continue operating the museum at its current location. In addition to the downtown location, the Crow family also donated $23 million of support funding for the university to establish a second museum on UTD’s Richardson campus. Together, the two museums will be known as the Trammell and Margaret Crow Museum of Asian Art of The University of Texas at Dallas. The museum features more than 1,000 ancient and contemporary works from Cambodia, China, India, Indonesia, Japan, Korea, Myanmar, Nepal, Pakistan, Thailand, Tibet and Vietnam. The collection also includes a library of over 12,000 books, catalogs and journals. The museum is free of admission.

February 4, 2019

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