Search results for

"Adaptive Reuse"

South Downtown Atlanta is on Fire (Again) with $10B in New Developments

by Alex Tostado November 13, 2019

In 1864, General William T. Sherman burned Atlanta to the ground, including the area around the Zero Mile Post marking the terminus of the Western & Atlantic Railroad. Now, 155 years later, South Downtown is on fire again but this time, it is as one of the hottest development submarkets in the Southeast. With the still-active downtown rail yards at its center, more than $10 billion in new development is either completed, under construction or in the planning stages. This “Downtown Ring of Fire” stretches from Centennial Olympic Park and Mercedes-Benz Stadium to Castleberry Hill and over to Underground Atlanta. The project SSG Realty Partners recently brought to market, Artisan Yards, is a 9.9-acre site at the intersection of Ted Turner Drive (historic Spring Street) and Whitehall Street. It is currently the headquarters of Gourmet Foods International, which has outgrown the property and is relocating to a new facility. The primary catalyst for this significant new development momentum is the $1.6 billion Mercedes-Benz Stadium, home of the Atlanta Falcons and the 2018 MLS Cup champions Atlanta United. The $192 million renovation of State Farm Arena and the $25 million expansion of Centennial Olympic Park were also critical in creating the …

November 13, 2019

Development New York Northeast Office

SL Green to Redevelop One Madison Avenue Office Tower in Manhattan

by David Cohen December 5, 2018

NEW YORK CITY — SL Green Realty Corp. has announced plans to redevelop One Madison Avenue, a Class A office tower in the Midtown South neighborhood of Manhattan. The adaptive-reuse project will involve reducing the existing building to its ninth floor and building 18 additional stories above. When completed, the building will span nearly 1.5 million square feet. The addition will feature modern office space and tenant specialty floors as well as more than an acre of outdoor terraces. Demolition and construction are expected to start in 2020 following the expiration of existing tenant leases. A design and development team of Kohn Pedersen Fox, Hines and Gensler has been selected for the project.

December 5, 2018

California Office Western

Clarion Partners, Lincoln Property Co. Open 200,000 SF Creative Office Building in Santa Monica

by Nellie Day September 26, 2017

SANTA MONICA, CALIF. — Clarion Partners and Lincoln Property Co. have opened The Pen Factory, a 200,000-square-foot creative office project. The building is located at 2701 Olympic Blvd. in Santa Monica. The property was originally built in 1957 as the Paper Mate plant. The adaptive-reuse project is now a creative office community that encourages a casual, open and flexible work environment for growing companies. The new design separates space into two buildings with mezzanine levels. It features energy-efficient roofing and skylights along with industrially scaled curtain walls. Morley Builders built the project, which Skidmore Owings & Merrill designed.

September 26, 2017

Trinity Place Holdings Unveils Plans for 50-Story Mixed-Use Tower in Lower Manhattan

by John Nelson January 28, 2016

NEW YORK CITY — Trinity Place Holdings Inc. (NYSE MKT: TPHS), a real estate investment and management firm, has unveiled plans for a 50-story mixed-use project located at 77 Greenwich St. in New York City’s Financial District in Lower Manhattan. The plan calls for the 285,000-square-foot project to feature 85 luxury residential condominiums and 7,000 square feet of retail space on Greenwich Street, as well as a 476-seat elementary school serving District 2. Trinity Place, owner and developer of the project, declined to disclose the project’s development costs. Slated for completion in 2019, the development site includes the former Syms clothing store and the Dickey House, a Federal-style townhouse constructed in the early 1800s. Trinity Place plans to restore the exterior of the Dickey House and the interior will be adaptively reused. “We are happy to share that we anticipate construction of the project starting this year,” says Matthew Messinger, president and CEO of Trinity Place Holdings. “We are also proud to be working with the New York City School Construction Authority in connection with their efforts to bring a much needed new public school to Lower Manhattan. As Downtown Manhattan continues to see more than $30 billion of public …

January 28, 2016

Office Western

US CITIZEN, IMMIGRATION SERVICES LEASES 46,081-SF OFFICE IN PHX

by admin December 21, 2011

PHOENIX — U.S. Citizenship and Immigration Services has signed a 10-year lease for a 46,081-square-foot field office at 1330 South 16th Street in Phoenix. This lease represents an adaptive-reuse/urban renewal project with the GSA. The project revitalized an abandoned facility at the infill site and is now seeking LEED-CS (core and shell) certification. The government was represented by Julie Rhoades, Suzanne Drake and Yolanda Morgan of Jones Lang LaSalle. Lynn Newhall of DOXA Centralrepresented the building’s owner, DOXA South, LLC.

December 21, 2011

Industrial Western

LUCENT CAPITAL ARRANGES $23.5M LOAN FOR THE BARLOW PROJECT

by admin December 12, 2011

SEBASTAPOL, CALIF. — Lucent Capital has arranged a $23.5-million construction loan for The Barlow, a 216,000-square-foot, adaptive-reuse project in Sebastapol. The loan has an initial two-year term with an option to extend. Highway Partners, LLC plans to begin construction on The Barlow in December. The first phase includes the renovation of a 121,000-square-foot industrial park and farmer's cooperative. The second phase will include 95,000 square feet of new development. The project should be completed in summer 2012. It is 78 percent pre-leased and will be anchored by Kosta Browne Winery.

December 12, 2011

COURT APPROVES $260M SALE OF SAINT VINCENT'S CAMPUS

by admin April 11, 2011

NEW YORK CITY — The U.S. Bankruptcy Court for the Southern District of New York has approved the sale of Saint Vincent's Catholic Medical Center's Manhattan campus. A joint venture between the Rudin family and North Shore-Long Island Jewish (LIJ) Health System acquired the campus for $260 million. The joint venture plans to redevelop and reopen the Greenwich Village hospital, which closed following the healthcare provider's April 2010 bankruptcy. The planned opening for the new medical center will be fall 2013. In addition to the campus, St. Vincent's is contributing the O'Toole Building, formerly the healthcare provider's primary care clinic, to the deal. The six-story, 160,000-square-foot building will be redeveloped into the North Shore-LIJ Center for Comprehensive Care. The $110 million project will contain a full-service imaging center as well as a ambulatory surgery center. North Shore-LIJ will be the primary developer for the property, with the Rudin family contributing $10 million to help offset the development costs. The Rudin family is seeking to redevelop the surrounding area, too. Four of the buildings that are part of the St. Vincent's campus will be adaptively reused for multifamily housing and retail. Plans released last month mentioned 590,000 square feet of new …

April 11, 2011

Newer Posts

Older Posts