Civic

Annie-Richardson-Bass-Lower-School-Fort-Worth

Linbeck Breaks Ground on $25M Lower School for Fort Worth Country Day

by Taylor Williams January 25, 2024

FORT WORTH, TEXAS — Locally based general contractor Linbeck has broken ground on the $25 million Annie Richardson Bass Lower School at the 104-acre campus of private school Fort Worth Country Day. When complete in spring 2025, the building will be home to about 350 students in grades first through fourth. Academic facilities will include a 2,130-square-foot library, two science labs, breakout study rooms and administrative offices for support counselors and healthcare personnel, as well as a playground with a sports court. San Antonio-based Lake|Flato Architects designed the project, and Dallas-based Hocker Design provided landscape architecture services.

January 25, 2024

Acquisitions Civic Lee & Associates New York Northeast Retail

Lee & Associates Negotiates $18.2M Sale of Historic Building in Manhattan

by Taylor Williams January 24, 2024

NEW YORK CITY — Lee & Associates has negotiated the $18.2 million sale of the Clock Tower Building, a 20,000-square-foot historic bank hall located at 46 Lafayette St. in Manhattan’s Tribeca neighborhood. Peter Braus, Brad Schwarz and Cory Gahr of Lee & Associates represented the seller, locally based investment firm Elad Group, in the transaction. Anne-Brigitte Sirois from ART STATE LLC represented the buyer, Jack Shainman Gallery, which plans to new art exhibition venue at the property.

January 24, 2024

Civic Leasing Activity New York Northeast

Feil Organization Negotiates 142,308 SF Office Lease with Archdiocese of New York in Manhattan

by Taylor Williams January 19, 2024

NEW YORK CITY — The Feil Organization has negotiated a 30-year, 142,308-square-foot office lease with the Archdiocese of New York at 488 Madison Avenue in Midtown Manhattan. The space spans the entire third through seventh floors of the 447,000-square-foot building, which was originally constructed in 1949 and overlooks St. Patrick’s Cathedral. Andrew Weiner internally represented The Feil Organization in the lease negotiations. Mary Ann Tighe and Lauren Crowley Corrinet of CBRE represented the archdiocese. The building is now 90 percent leased.

January 19, 2024

Civic Development Northeast Rhode Island

Skanska Breaks Ground on $147M Project for U.S. Navy in Newport, Rhode Island

by Taylor Williams January 5, 2024

NEWPORT, R.I. — International developer and construction firm Skanska has broken ground on a $147 million project for the U.S. Navy in Newport, Rhode Island. The facility will serve as the new operations center for the National Oceanic & Atmospheric Administration. The project will include the construction of a new pier to accommodate four large vessels and associated utilities, as well as a supporting 22,129-square-foot administration building with parking, exterior storage and an adjacent loading and laydown area. Construction began in December and is expected to be complete by 2027.

January 5, 2024

Acquisitions California Civic Multifamily Western

Urban Catalyst Sells Apartment Project Site in San Jose for $23.4M

by Amy Works December 19, 2023

SAN JOSE, CALIF. — Urban Catalyst, in partnership with a trust affiliated with the late local architect Thang Do, has completed the disposition of an approved multifamily development site in San Jose. The Santa Clara Valley Transportation Authority (VTA) acquired the asset for $23.4 million. The deal enables the buyer and a group of local government and transit agencies to redevelop the Diridon Station area. The transaction includes 1.2 acres spanning two adjacent parcels at 32 and 60 Stockton Ave., situated between a Whole Foods Market and SAP Center. Urban Catalyst acquired the site in two separate transactions for $15.1 million in 2021 and last year. Working with Do and his firm, Aedis Architects, Urban Catalyst received entitlements for a 20-story, 472-unit development project called Apollo. The project involved demolishing existing structures on the Stockton Avenue and replacing them with apartments ranging from studios to three-bedroom units. The planned development was unilaterally approved last year by the city. After Apollo received planning approval in November 2022, it was discovered that the site is within an area anticipated for future rail infrastructure, as a designated property among the right-of-way parcels needed for the first phase of California’s bullet train. VTA and the …

December 19, 2023

Civic Development Florida Hospitality Mixed-Use Southeast

Balfour Beatty Tops Out Phase II of $1B Convention Center, Hotel Project in Fort Lauderdale

by John Nelson December 15, 2023

FORT LAUDERDALE, FLA. — Balfour Beatty has completed the vertical construction of the second phase of a $1 billion project to expand the Greater Fort Lauderdale/Broward County Convention Center in Fort Lauderdale. In addition to the 400,000-square-foot East Expansion Building, the phase includes the development of the 29-story, 801-room Omni Fort Lauderdale hotel. Upon completion, the East Expansion Building will comprise ballrooms, exhibit space and a kitchen to service the 1.5 million-square-foot convention center. Amenities at the hotel will include additional meeting and ballroom space, restaurants and a rooftop bar. Balfour Beatty is completing construction on behalf of the developer, Matthews Southwest. The project team also includes Nunzio Marc DeSantis Architects and Fentress Architects. Completion of the second phase is scheduled for late 2025.

December 15, 2023

Acquisitions Civic New York Northeast

Joyce Theater Acquires Civic Building in Manhattan’s East Village for $16M

by Taylor Williams December 15, 2023

NEW YORK CITY — The Joyce Theater Foundation has acquired a civic building located at 287 E. 10th St. in Manhattan’s East Village for $16 million. The seven-story, 58,000-square-foot building formerly housed a Boys & Girls Club facility, and the Joyce Theater plans to use the space for rehearsal, performance and administrative purposes. Paul Wolf of nonprofit advisory firm Denham Wolf Real Estate Services negotiated the sale of the building. The seller was not disclosed.

December 15, 2023

Civic Development Michigan Midwest

University of Michigan Breaks Ground on Center for Innovation in Detroit

by Kristin Harlow December 15, 2023

DETROIT — The University of Michigan (U-M) has broken ground on its Center for Innovation in downtown Detroit. The satellite campus will serve as a graduate school facility, offering masters’ degrees and workforce development programs that will focus on technology and innovation. The center will be funded by a $100 million gift from prominent U-M donor Stephen Ross, $100 million from the state of Michigan, a two-acre land donation from Olympia Development of Michigan, and an additional $50 million will be raised from donors. The project site is near the proposed $1.5 billion, 10-building mixed-use development in The District Detroit from Related Cos. and Olympia Development. Ross is a Detroit native, alum of U-M and chairman of Related Cos. Olympia Development is the real estate development business of the Ilitch family.

December 15, 2023

Arizona Civic Development Life Sciences Western

McCarthy Building Cos. Breaks Ground on $185M Science, Technology Building at ASU’s Polytechnic Campus in Mesa

by Amy Works December 8, 2023

MESA, ARIZ. — McCarthy Building Co., as general contractor, and SmithGroup, as designer, have broken ground on Interdisciplinary Science and Technology Building 12 (ISTB12), a $185 million project at Arizona State University’s Polytechnic campus in Mesa. The multi-level research and education building will provide a centralized location for Ira A. Fulton Schools of Engineering’s new School of Manufacturing Systems and Networks. The 173,194-square-foot building will consist of three floors and 128,828 programmable square feet for office, meeting, industrial, research and collaboration spaces. The facility will also offer specific spaces and labs specializing in additive manufacturing; robotics for smart manufacturing and industry automation; cyber manufacturing and operations research; semiconductor manufacturing; and manufacturing systems for the energy sector. Completion is slated for November 2025. Partners on the project include WOODPATEL, PK Associates and Speedie & Associates, as well as additional integrated design services performed by SmithGroup, including MEP engineering, lab planning and landscape architecture.

December 8, 2023

Civic Development Georgia Southeast Top Stories

U.S. Soccer Federation to Develop $228M National Training Center in Metro Atlanta

by Jeff Shaw December 8, 2023

FAYETTEVILLE, GA. — The U.S. Soccer Federation has selected a site in Fayetteville, 22 miles south of downtown Atlanta, to develop its new National Training Center. The facility will be located within the master-planned community of Trilith and will span more than 200 acres. The development is expected to create 440 new jobs and costs $228 million to develop, according to the State of Georgia. The National Training Center will serve as the headquarters for U.S. Soccer, which is currently based in Chicago. Plans for the facility include a dozen soccer fields; more than 100,000 square feet of indoor courts for all 27 of the U.S. Soccer national teams; and 200,000 square feet of facilities, locker rooms, meeting rooms and headquarters space for U.S. Soccer employees. The federation plans to break ground on the project in the spring of 2024. Arthur Bank, co-founder of The Home Depot and owner of Major League Soccer team Atlanta United and the NFL’s Atlanta Falcons, contributed $50 million to the development. According to U.S. Soccer, the site was chosen due to its proximity to the Hartsfield-Jackson Atlanta International Airport and Atlanta’s downtown area, optimal climate for year-round programming, the ability to impact the local …

December 8, 2023

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