Civic

Kraus-Anderson Construction Completes $43M Special Education School in Minnesota

by Kristin Harlow August 15, 2018

LITTLE CANADA, MINN. — Kraus-Anderson Construction Co. (KA) has completed Quora Education Center in Little Canada, just north of St. Paul. The $43 million special education school for Northeast Metro 916 Intermediate School District spans three stories and 157,000 square feet. The school will serve 300 students in grades 5 through 12 in both general education and special education programs. The building also includes administrative offices for more than 200 employees. The school will provide services for students who have autism spectrum disorders, developmental cognitive disabilities, emotional/behavioral disorders and other health disabilities. KA partnered with Lawal Scott Erickson Architects to design and construct Quora. The building’s layout allows for classroom, small group and individual learning environments with improved lighting, air quality and temperature control.

August 15, 2018

Civic Development Georgia Southeast

City of Atlanta, Atlanta BeltLine Acquire Land from CSX to Expand Multi-Use Trail

by Camren Skelton August 10, 2018

ATLANTA — The City of Atlanta and Atlanta BeltLine Inc. (ABI) have acquired 1.8 miles of former railroad corridor from freight rail operator CSX on Atlanta’s Westside to expand the city’s BeltLine urban trail. Upon full build-out in 2030, the 22-mile loop trail will connect 45 intown neighborhoods. The $6.3 million acquisition of the stretch of track formerly known as “the Kudzu Line” represents the final purchase of inactive rail corridor in the Atlanta BeltLine loop. The purchase will provide points of contact for potential spur trails that would connect the neighborhoods of Bankhead, English Avenue, Knight Park and Howell Station. In addition, the corridor will allow access to the Bankhead MARTA station, Maddox Park, the future Westside Park at Bellwood Quarry and the newly opened Proctor Creek Greenway. The funds to pay for the land came from TSPLOST, a transportation sales tax Atlanta voters approved in 2016. Under the purchase agreement, the City of Atlanta and ABI control approximately 80 percent of the corridor needed to construct the BeltLine trail and transit loop. The other 20 percent includes railroad and non-railroad properties. Over the next six months, CSX will remove the rails. ABI also recently acquired 2.5 acres at …

August 10, 2018

Civic Loans Maryland Southeast

Alliant Provides $12.5M Refinancing for Parking Facility at Baltimore-Washington International Airport

by Camren Skelton July 30, 2018

LINTHICUM HEIGHTS, MD. — Alliant Credit Union has provided a 10-year, $12.5 million loan to refinance a remote airport parking facility at Baltimore-Washington International Airport. The 850,852-square-foot site includes 2,156 parking spaces and is located less than one mile from the main terminal building at the airport. The facility is privately owned and managed. The name of the borrower was not disclosed.

July 30, 2018

Civic Leasing Activity Texas

U.S. Army Selects Austin as Headquarters of New Division

by Taylor Williams July 18, 2018

AUSTIN, TEXAS — The U.S. Army has selected Austin as the site of its new Futures Command headquarters, a project that will bring about 500 new jobs to the state capital. The Army’s Futures Command division will occupy space owned by the University of Texas (UT) in downtown Austin, with a directive to assess new weapons technology and emerging threats. The Army expects the new headquarters to be fully operational by summer 2019.

July 18, 2018

Civic Leasing Activity Texas

Houston Astros Extend Lease at Minute Maid Park Through 2050

by Taylor Williams July 13, 2018

HOUSTON — The Houston Astros have extended their lease at Minute Maid Park, where the professional baseball team has played since 2000, through 2050 following a positive vote by the Houston Sports Authority. The stadium, formerly known as Enron Field, was built in the late 1990s and seats about 41,000 people. The original lease was set to expire in 2030. The terms of the extension call for a $1 million increase in rent beginning this year and running through the remainder of the original lease period, and an additional $1 million increase for the 20-year period ending in 2050. The Astros beat the Los Angeles Dodgers in seven games to win the 2017 World Series.

July 13, 2018

Civic Development Michigan Midwest

Development Team Selected for Gordie Howe International Bridge Project Connecting Detroit to Canada

by Kristin Harlow July 6, 2018

DETROIT — Bridging North America, a partnership of Fluor and ACS Infrastructure Canada, was selected to design, build, finance, operate and maintain the Gordie Howe International Bridge project for Windsor-Detroit Bridge Authority. The planned bridge and border crossing will span the Detroit River and connect Detroit to Windsor, Canada by linking I-75 and I-96 with the new extension of Highway 401 in Ontario. When complete, the bridge will be the longest cable-stayed bridge in North America. The scope of the project also includes building new ports of entry on both the U.S. and Canadian side of the Detroit River as well as improvements to existing infrastructure. Early work will start this summer in advance of financial close, which is set for this fall. Fluor and ACS will operate and maintain the facility for 30 years to performance standards that will be established by WDBA following completion.

July 6, 2018

Civic Development Midwest Missouri

McCarthy Completes $380M Expansion of Gateway Arch Museum in St. Louis

by Kristin Harlow July 5, 2018

ST. LOUIS — McCarthy Building Cos. Inc. has completed a 47,000-square-foot subterranean expansion and renovation of the Museum of the Gateway Arch. This is the final component of a $380 million redevelopment of the monument in downtown St. Louis. McCarthy also oversaw the transformation of the north and south grounds surrounding the Arch. The renovated museum and visitor’s center opened to the public on Tuesday, July 3. A new circular entrance and upper-level lobby replaces the previous underground entrances at the base of each leg of the Arch. The landmark remained open and fully operational throughout the three-year construction project. Cooper Robertson, James Carpenter Associates and Trivers Associates designed the museum expansion. Michael Van Valkenburgh Associates oversaw the landscape design. Gateway Arch Park Foundation and the National Park Service led the Gateway Arch Park redevelopment projects. Built as a monument to the westward expansion of the United States, the 630-foot Arch was completed in 1965.

July 5, 2018

Civic Development Texas

iSports to Develop 157,000 SF Athletic Complex in Metro Austin

by Taylor Williams June 25, 2018

CEDAR PARK, TEXAS — iSports Real Estate Development LLC, an Austin-based partnership, will develop a 157,000-square-foot athletic training and performance center in Cedar Park, a northwestern suburb of Austin. The facility will include an ice rink and indoor and outdoor turf fields. The project developers are also seeking tenants to operate competitive cheerleading and gymnastics, sand volleyball courts and a medical and sports rehabilitation practice, as well as sports retail stores. Plans for a family entertainment center with dining options and private events have also been introduced. The groundbreaking is slated for early fall.

June 25, 2018

Civic Development District of Columbia Office Southeast

Joint Venture Breaks Ground on Historic School Renovation Project, Adjacent Office Building in D.C.

by Camren Skelton June 20, 2018

WASHINGTON, D.C. — A joint venture between Akridge, Corporate Office Properties Trust (COPT) and Argos Group has broken ground on the redevelopment of Thaddeus Stevens Elementary School in Washington, D.C. Akridge and D.C. officials have collaborated for 19 years to establish a plan for the historic school, which was one of the District’s first public schools built for the education of African American children. As part of the redevelopment, the joint venture broke ground on a 190,000-square-foot office building, located at 2100 L St., on what previously served as the school’s playground. Designed by Martinez & Johnson Architecture, the building features floor-to-ceiling glass, 20,000-square-foot floor plates, a landscaped rooftop terrace and lounge, penthouse conference center, fitness center and an art gallery with outdoor terraces. The building will feature a rotating art gallery of works from African American artists, as well as a statue outside the building and a feature wall commemorating the property’s namesake, Thaddeus Stevens, who was a U.S. congressman. Law firm Morrison & Foerster LLP has preleased 43 percent of the building. The redevelopment will also include a renovation of the school building, which will reopen as a D.C. public school upon completion. The joint venture expects to …

June 20, 2018

Acquisitions Civic District of Columbia Office Southeast Top Stories

Easterly Government Properties Agrees to Buy 1.5 MSF Government-Leased Office Portfolio for $430M

by John Nelson June 19, 2018

WASHINGTON, D.C. — Easterly Government Properties (NYSE: DEA) has agreed to purchase a 14-property office portfolio across the United States for $430 million. The nearly 1.5 million-square-foot portfolio is 94 percent leased by the U.S. government and 99 percent leased overall. The seller was undisclosed. “We believe the acquisition of this portfolio is a wonderful opportunity for the company,” says William C. Trimble III, CEO of Easterly. “This acquisition is expected to grow our portfolio by approximately 39 percent on a rentable-square-foot basis, while still maintaining the same high-quality standard of assets Easterly is known for.” The portfolio includes the following assets: • A 267,766-square-foot office building in Buffalo, N.Y., housing Department of Veterans Affairs (VA), Internal Revenue Service (IRS) and a regional office for the National Labor Relations Board • A 239,331-square-foot building next to Chicago O’Hare International Airport that houses the Federal Aviation Administration’s (FAA) Great Lakes Regional Office and the U.S. Department of Agriculture (USDA) • A 225,057-square-foot facility in Portland, Ore.’s Central City Plan District housing the USDA, U.S. Army Corp of Engineers (ACOE), Federal Bureau of Investigation (FBI) and the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) • A 182,500-square-foot build-to-suit property in Parkersburg, …

June 19, 2018

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