Civic

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

Acquisitions Civic District of Columbia Southeast

Freedom Forum Sells Newseum Building in D.C. to John Hopkins University for $372.5M

by Alex Tostado January 28, 2019

WASHINGTON, D.C. — Freedom Forum has sold 555 Pennsylvania Ave., the building that houses Newseum, to John Hopkins University for 372.5 million. The private research university plans to use the 475,000-square-foot property as a consolidated center for its D.C.-based graduate programs. Freedom Forum is the creator and primary funder of Newseum, and in August 2017 announced that it was open to multiple options to fund or sell the museum focused on increasing public understanding of the importance of a free press and the First Amendment. Newseum will remain open through the end of the year.

January 28, 2019

California Civic Development Western

C.W. Driver Completes $73M Cal Poly Pomona Student Services Building in Pomona, California

by Amy Works January 25, 2019

POMONA, CALIF. — C.W. Drive Cos. has completed the construction of a new student services building at California State Polytechnic University, Pomona. The three-story, 138,400-square-foot structure consists of two buildings beneath an undulating roof, which uses solar power to regulate the building’s temperature and energy efficiency. Designed by CO Architects, the curved steel and concrete roof regulates the building’s temperature through its solid and perforated panels. Additionally, the roof shades the exterior glass windows, reducing glare and maximizing natural light. Serving as the new “front door” to the university, the $73 million building plays a critical role in the long-term development of the university, increases operational efficiency and enables growth. The property replaces former student services and administration areas and consolidates key departments located elsewhere on campus. The building will also serve as a one-stop service center to facilitate access, increase visibility and streamline operations for students and staff.

January 25, 2019

Civic Development Texas

Woodmont Begins Construction of 10,000 SF Kiddie Academy in Frisco

by Taylor Williams January 2, 2019

FRISCO, TEXAS — The Woodmont Co., a national real estate firm specializing in the development, management, leasing and sale of retail properties, has begun construction on a 10,000-square-foot retail project for Kiddie Academy in Frisco, a northern suburb of Dallas. Scheduled to open this summer, the school will offer full-time care, before- and after-school care and summer camp programs for children between 6 weeks and 12 years old.

January 2, 2019

Civic Development Texas

Woodmont Begins Work on 13,500 SF Kiddie Academy in Metro Austin

by Taylor Williams December 19, 2018

CEDAR PARK, TEXAS — Retail development and management firm The Woodmont Co. has begun work on a 13,500-square-foot project for Kiddie Academy in the northern Austin metro of Cedar Park. The project will convert an existing structure into a full-time childcare center for younger children that will include summer camps. The opening is slated for March 2019.

December 19, 2018

Acquisitions Alabama Civic Southeast

Easterly Government Acquires 83,676 SF Civic Building in Birmingham

by Alex Tostado December 11, 2018

BIRMINGHAM, ALA. — Easterly Government Properties Inc., a real estate investment trust focused on the acquisition, development and management of Class A commercial properties leased to the U.S. government, has acquired the 83,676-square foot U.S. Department of the Treasury facility in Birmingham. Known as TREAS-Birmingham, the property is a three-story, Class A build-to-suit facility that was constructed in 2014. The building is 100 percent leased to the Treasury on an initial 15-year, non-cancelable term expiring in December 2029. The sales price and seller were not disclosed.

December 11, 2018

Civic Development Texas

Grand Prairie Opens 125,000 SF Fitness, Entertainment Center in Metro Dallas

by Taylor Williams November 21, 2018

GRAND PRAIRIE, TEXAS — The City of Grand Prairie, located just west of Dallas, has opened The Epic, a 125,000-square-foot fitness and entertainment center. Situated within EpicCentral, a 172-acre development that includes a water park and adult activity center, The Epic features fitness facilities, entertainment and event space, as well as multiple onsite dining options. Architecture firm HKS designed the facility. The grand opening was held Saturday, Nov. 17. The development team will also break ground in January on a 10-acre PlayGrand Adventures park, which will be also located within EpicCentral.

November 21, 2018

Civic Development Midwest Minnesota Top Stories

Tutor Perini, C.S. McCrossan Awarded $799.5M Light Rail Project in Minneapolis

by Taylor Williams November 19, 2018

MINNEAPOLIS — A joint venture between a subsidiary of Los Angeles-based Tutor Perini Corp. (NYSE: TPC) and Minnesota-based C.S. McCrossan has been awarded a $799.5 million construction contract from the Metropolitan Council for the Southwest Light Rail Transit project in Minneapolis. According to local media sources, the project carries a total price tag of about $2 billion, about half of which stems from federal funding. In addition, the project could create as many as 7,500 construction jobs. As the largest public infrastructure deal in Minnesota’s history, the regional project will deliver a 14.5-mile extension of the METRO Green Line. In addition to new light rail infrastructure, the project will deliver 44 bridges, two cut-and-cover tunnels and 16 new light rail stations. The new line will connect the southwestern suburb of Eden Prairie to downtown Minneapolis. New rail stations will also service the suburbs of Edina, Hopkins and Minnetonka. “This news is long-awaited and hard-earned,” Minnesota Gov. Mark Dayton said last week. “The Southwest Light Rail Transit project is a critical economic development project. When complete, it will improve many thousands of lives from Eden Prairie to North Minneapolis. It will create new jobs, reduce highway congestion, and better connect Minnesotans to one …

November 19, 2018

Civic Development Mixed-Use Southeast Student Housing Virginia

StonebridgeCarras to Develop Virginia Tech’s $1B Campus in Alexandria, Near Amazon Headquarters

by John Nelson November 15, 2018

ALEXANDRIA, VA. — StonebridgeCarras has been selected to build the Virginia Tech Innovation Campus, a $1 billion, 1 million-square-foot, technology-focused campus in Alexandria, less than two miles from Amazon’s HQ2 future site. Virginia Tech and the State of Virginia will each put forth $250 million to the new campus. Further funds are expected to come via private philanthropy, industry partnerships and other revenue streams. The new campus will be situated in River Landing, a newly branded neighborhood encompassing parts of Pentagon City and Crystal City in Arlington and Potomac Yard in nearby Alexandria. The land is owned by investment firm Blackstone Group LP. The campus will include 300,000 square feet of academic space and research and development facilities, 250,000 square feet of partner space dedicated to startups and corporate facilities, 350,000 square feet of housing space for students and faculty and 100,000 square feet of retail and support spaces. An expected date of completion was not disclosed, but Virginia Tech officials say the first 100 master’s program students will enroll next year in a temporary space. The school also announced Bethesda, Md.-based StonebridgeCarras and the City of Alexandria have agreed to expedite construction.

November 15, 2018

Civic Development Iowa Midwest

Stahl to Construct $20M Elementary School in Ankeny, Iowa

by Kristin Harlow November 14, 2018

ANKENY, IOWA — Stahl has been awarded the construction management contract for a new 101,403-square-foot elementary school in Ankeny. Construction of the $20 million project is expected to begin in March 2019. The new school will serve 750 students in grades K-5. FRK Architects + Engineers is the project partner. Completion is slated for June 2020. Funding for the school came from an $18 million bond referendum approved by the community in February 2018.

November 14, 2018

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