After a short delay, the Water Street project downtown is back on track, with developers announcing Thursday that PNC Bank will be the anchor tenant of the office building and that groundbreaking is expected within 30 days.

PNC will occupy the upper two floors of the 50,000-square-foot, four-story structure. Construction is expected to be complete by the end of 2014, with occupancy in early 2015.

"Dayton is a growth market for PNC and we are moving our downtown headquarters to enable us to continue to serve clients in a premier office environment," said David Melin, regional president for PNC Bank, Dayton. "We believe it is essential to keep PNC in our urban core, and the Water Street development is a reflection of our long-term commitment to the Miami Valley."

The project, on the east side of Patterson Boulevard at the confluence of the Great Miami and Mad rivers, is slated to begin with the office building.

Construction on a three-story parking garage and 150 luxury apartments to the east of the office building are planned for spring 2014.

The developers, Columbus-based Crawford Hoying and Dayton-based Woodard Real Estate Resources, had originally targeted groundbreaking by Dec. 31.

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PNC to anchor Water Street project in Dayton

Turner Valleys courthouse is nearing completion and provincial officials say it will be this spring when the building opens its doors to the public, nearly a year after it was first expected to be ready.

The courthouse was supposed to open in the spring of 2013, however, provincial finances and poor weather has pushed the opening to sometime this spring.

Alberta Infrastructure spokesperson Roxanne Nanuan said the project was delayed twice last year, first when the Province announced it would be reviewing all courthouses following their spring budget and again in June when flooding wreaked havoc in the foothills, delaying construction at the site.

The project is on budget, Nanuan said, although the province has not yet given a figure on the total budget for the project.

The building was formerly a courthouse, but was shut down in 1996, when the town bought it to use as their town hall. The Province then bought the building back and an adjacent lot from the town in 2012 for $850,000 to turn reopen a courthouse in the town.

The interior construction work included creating a secured entrance, new bathrooms, bringing the 35-year-old buildings electrical work up to code, installing audio and visual technology, renovating the courthouse area and holding cells and office areas with new paint and carpet. Outside the parking lot was expanded and the roof was replaced, at a cost of $67,821.

Nanuan said construction was completed late this month and now they are working on furnishing the building, installing security cameras and setting up computers.

The moving in process has started, Nanuan said.

Next the site will be turned over to Justice officials, who will need to move in their belongings, she said.

Alberta Justice spokesperson Dan Laville said a move-in date for justice staff, like judges, clerks and crown prosecutors has not been set yet.

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Turner Valley court in sesssion this spring

SEBRING - There could be a new sheriff's office, and it would be across Palmetto Avenue from the current facility.

At least that was the 3-2 consensus at Tuesday morning's workshop. It was a non-binding vote at the workshop.

The Highlands County commissioners and previous boards have decided before to relocate the sheriff's office to George Boulevard, and the property and evidence division at the Kenilworth Business Center. Just last month, Commissioner Ron Handley told the other four commissioners it occurred to him that the county also should move 75 deputies and office staff from sheriff's Liberty Star Plaza to the metal building at 4500 Kenilworth Blvd.

The Palmetto Avenue proposal was recommended by Sheriff Susan Benton. It would cost about $8.8 million to build, County Engineer Ramon Gavarrete estimated.

The county already owns a parking lot fronting Eucalyptus Street. Benton called a real estate agent about the two available lots and was told they were listed at $49,500 each.

"You'd better write 'em a check, sheriff," Handley advised; when property owners know the county wants it, the price will go up.

That would give the county enough room for 41,740 square feet, which will include Property and Evidence, currently located in the jail, Crime Scene Investigations, and the 75 deputies and staff who are currently renting Liberty Star Plaza.

Construction costs would be about $180 per square feet, Gavarrete estimated. Renovating an older building like Bank of America would cost about $125 per square foot, he said.

Commissioners generally rejected buying Sebring City Hall because the county would have to tear down the current buildings, relocate city government and refurbish the Bank of America building. That option bore the highest estimate: $9.7 million.

George Boulevard and Restoration Center would be too far from downtown; Liberty Star and Kenilworth are too small.

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Commission: build new sheriff's office downtown

Good daylight inside a building can be a major mood and productivity enhancer. Other times, it can cause uncomfortable glare or heat, drive up energy costs, or simply require ugly blinds.

What if you could get the best of both worlds? Thats the proposition of the smart glass technology that is just starting to be incorporated into the design for commercial office buildings, hospitals, universities, and other large building spaces. Its one of those small innovations that could really change how people feel inside their workplaces.

View, a Silicon Valley company that has its first production facility in Mississippi, just raised $100 million in financing to continue to expand its business. Its Dynamic Glass works like sunglasses that change tint with the light. The product consists of an electrochromic coating sandwiched between two layers of glass. The window looks clear from the inside, but changes to four tint levels on the outside based on the sunlight and user preferences, or in response to manual directions from a control panel or smartphone app.

Since putting its first product on the commercial market in 2012, View has developed 50 projects in North America. Notably, it has managed to increase the panel size it can produce, so that it works for big atriums in fancy office buildings as well as for smaller windows. Those 50 installations, some are small, some medium, and some very large, says View CEO Rao Mulpuri. That sends a message that were ready for the mainstream.

While Views glass still costs more than regular or statically tinted glass, the company says its use shaves 20% off of annual lighting, heating, cooling, and ventilation costs in a typical commercial installation. It can also save in construction costs for a building owner, who might be able to make due with a small cooling system or no blinds and shades. (And Mulpuri says the price will continue to come down as production increases; Views collaboration with the high-tech glass giant Corning could also help this along.)

The benefits of the glass could go beyond being greener and saving money over time. Businesses like the W Hotel in San Francisco and hospitals and health centers, for example, have installed the dynamic glass because of an interest in boosting the mood for guests and patients. Theres a lot of our well-being tied to [windows and buildings], which then impacts our happiness and certainly our productivity, says Mulpuri.

Dan Pickett, a partner at the architecture firm Moody Nolan, is in the midst of his second project using Views glass, the CenturyLink Technology Center, an 800-employee office building now under construction in Louisiana. The glass made sense as a design element for the headquarters of a client in the tech and communications sector, but Pickett also anticipates it will save energy and improve the mood of the visitors center--a tall space with glass on three sides that sometimes gets too much sunlight in the late afternoon.

He says that now that View can manufacture large pieces of glass, there isnt much of a limitation on incorporating it into buildings, besides cost considerations. And awareness among designers will continue to grow (View isnt the only company pursuing the smart building glass market, but its among the most advanced).

This is still a very new technology. Because of the cost, not every client is going to take a look at it. Once people see the benefits of using View glass, and how it will positively affect the performance of the building over time, I think well see that start to change, says Pickett.

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A Revolution In Glass Technology Could Boost Your Mood Inside The Office

CREATED 1:03 PM

Henderson, NV (KTNV) -- Construction is underway on a 10,000 square foot office building in Cadence.

Cadence is a 2,200-acre community in Henderson, which is located off Lake Mead Parkway, east of Boulder Highway.

The first floor of the office building will serve as the Cadence marketing center, which will anchor the new community. It will feature interactive kiosks that home buyers can use to learn more about the community and its amenities, see floor plans and view renderings.

The marketing center will open this summer.

Home sales in Cadence will also begin this summer. The community is located near downtown Henderson and McCarran International Airport.

The community will include 13,250 residential units, 450 acres of open space, which includes a 50-acre central park, 100-acre sports park and 30 acres of trails.

The trails will interconnect with regional trails such as the Las Vegas Wash Trail and the River Mountains Loop Trail.

For more information on Cadence, click here.

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Construction continues on new Henderson community

A development group that includes local office suite operator Yeager Properties is working on plans for a $17.5 million mixed-use building and parking garage in downtown Fishers.

Fishers Urban Development LLC is negotiating a project agreement with the town, which owns the targeted propertya shuttered KFC at 116th Street and Lantern Road next door to Yeagers Fishers Office Suites.

Plans call for a three-story, 50,000-square-foot building with retail on the first floor and medical-office uses above, said partner Scott Baldwin of residential brokerage Baldwin Cos. The attached parking garage would replace an existing surface lot south of the office suites and be shared by tenants in both buildings.

Fishers Town Council is expected to vote Monday on a proposal that calls for the town to contribute the KFC property and $6 million for the 330-space garage, which likely also would be available for public parking.

The site is just a few blocks east of The Depot at Nickel Plate, a $42 million apartment-and-retail project that Flaherty & Collins Properties is building with help from the town. Fishers contributed land in its municipal complex and about $11 million in tax-increment financing toward a 430-space garage there.

Parking is a key component in town leaders effort to build a bustling downtown that will draw residents and businesses alike, creating an identity for the community and diversifying its tax base.

"The consideration of this proposal is exciting to the town because it confirms that momentum is building for our vision of a great downtown in our community," Town Manager Scott Fadness said in an email.

Indeed, economic development leaders have said for months that several such deals are in the works.

As IBJ reported in September, officials have been working on plans to redevelop the Fishers Train Station site, and the town already has lined up a tenant for a future office building there. Digital marketing firm BlastMedia is expected to occupy 10,000 square feet on its third floor if the building is complete within two years.

And in December, Fishers-based construction firm Meyer Najem said it would move its headquarters into a $5.5 million office building its planning on town-owned land across the railroad tracks from the Fishers Public Library. The town promised to lease the top floor and sublease the space to high-potential companies that need flexible lease terms.

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Developer pitching $17.5M project in downtown Fishers

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This should be a very active year for commercial real estate development in the Milwaukee area.

Irgens could break ground this year on a 17-story office building at 833 East Michigan St.

A huge new hotel will open in the Menomonee Valley. Northwestern Mutual will complete demolition of a 16-story office building and then begin construction of a 32-story office tower to replace it. Construction is expected to begin for The Corners retail development in the Town of Brookfield and for Drexel Town Square, which will create a mixed-use downtown in Oak Creek.

Northwestern Mutual will build a 32-story office tower at its corporate headquarters campus in downtown Milwaukee.

Construction is expected to begin in spring for The Corners, a retail and apartment development in the Town of Brookfield. It will be anchored by a Von Maur department store.

One of the most noteworthy developments that will be completed in the region during 2014 will be the 18-story, 381-room hotel at Potawatomi Bingo Casino, 1721 W. Canal St., Milwaukee. Construction of the hotel is expected to be complete this fall.

Since late 2012, the downtown Milwaukee hotel market added 422 rooms with the 205-room Marriott Hotel, the 127-room Hilton Garden Inn hotel and the 90-room Brewhouse Inn & Suites. Potawatomi leaders say the new hotel at the casino will attract new visitors to Milwaukee, but it will be interesting to see if the downtown hotel market will be able to absorb such a large increase in room supply.

So far the additional supply that has been added recently has not hurt the downtown Milwaukee hotel market. For the first 11 months of 2013 the downtown hotel market had an occupancy rate of 67.4 percent, up from 67.2 percent for the first 11 months of 2012, and up from 66.5 percent for the first 11 months of 2011, according to Smith Travel Research Inc. Average daily rate, and revenue per available room (RevPar) were also up in the first 11 months of 2013.

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Several major developments to break ground in 2014

Originally Published: January 26, 2014 8:00 AMModified: January 26, 2014 7:14 PM

A vacant 75,000-square-foot Farmington Hills office building soon will be fully occupied by the local office of the Paris, Ill.-based automotive lighting supplier North American Lighting Inc.

The 11-year-old building located south of 12 Mile Road and east of Halstead Road has been empty since 2012, when its previous occupant, Henniges Automotive Holdings Inc., relocated to Auburn Hills. It will become North American Lighting's Engineering Research and Development headquarters.

North American Lighting will be moving from 38900 Hills Tech Drive, also in Farmington Hills north of I-696 and east of Haggerty Road.

In December, the Michigan Economic Development Corp. announced incentives for North American Lighting to expand to the new facility. The project is expected to generate up to $6.8 million in investment and create a total of 76 jobs, the MEDC said.

The real estate companies representing companies in the deal included Friedman Integrated Real Estate Solutions LLC and the Southfield office of Mohr Partners Inc.

The deal closed in mid-December and took about five months to negotiate, said Todd Hawley, senior vice president of brokerage services for Farmington Hills-based Friedman. Friedman's construction and design team will convert the space, and the work is expected to be complete by June.

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If you enjoy the content on the Crain's Detroit Business Web site and want to see more, try 8 issues of our print edition risk-free. If you wish to continue, you will receive 44 more issues (for a total of 52 in all), including the annual Book of Lists for just $59. That's over 55% off the cover price. If you decide Crain's is not for you, just write "Cancel" on the invoice, return it and owe nothing. The 8 issues are yours to keep with no further obligation to us. Sign up below.

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Auto lighting supplier to open Farmington Hills office

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North American Lighting Inc. will occupy this now-vacant 75,000-square-foot office building in Farmington Hills.

A vacant 75,000-square-foot Farmington Hills office building will soon be fully occupied by the local office of Paris, Ill.-based automotive lighting supplier North American Lighting Inc.

The 11-year-old building located south of 12 Mile Road and east of Halstead Road has been empty since 2012, when its previous occupant, Henniges Automotive Holdings Inc., relocated to Auburn Hills. It will become North American Lightings Engineering Research and Development headquarters.

North American Lighting currently has 45,000 square feet of space at 38900 Hills Tech Drive, located north of I-696 and east of Haggerty Road.

The deal closed in mid-December and took about five months to negotiate, said Todd Howley, senior vice president of brokerage services for Farmington Hills-based Friedman Integrated Real Estate Solutions LLC, which represented the landlord.

Friedmans construction and design team will turn the space into a lighting test lab and research and development office, according to a press release. Friedman Vice President of Construction Jim Parrinello will oversee the project, which is expected to be complete by June.

In December, the Michigan Economic Development Corp. announced incentives for North American Lighting to expand to the new facility. The project is expected to generate up to $6.8 million in capital investment and create a total of 76 new jobs, according to the MEDC.

The Southfield office of Mohr Partners Inc. represented North American Lighting, which is a wholly-owned subsidiary of Japan-based Koito Manufacturing Co. Ltd.

Randall Tarnow, the Mohrs managing partner, said the North American will move all of its 220-230 local employees to the new location once construction is complete.

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North American Lighting to take over vacant Farmington Hills office building

VANCOUVER -- A building boom downtown is creating much-needed office space in Vancouver, city officials say.

Vancouver Mayor Gregor Robertson helped break ground Thursday on The Exchange, a $200-million, 31-storey Credit Suisse office tower in the financial district, one of seven buildings now under construction downtown.

Robertson heralded the projects as an end to the citys business vacancy woes, as Vancouver remains one of North Americas tightest markets for office space.

Vancouvers vacancy rate for Class A office space sits at 5.3 per cent. That compares with 8.7 per cent in Montreal and 9.7 per cent in Edmonton. But according to Cushman and Wakefield, Vancouvers vacancy rate is projected to jump to 7.7 per cent this year and to 10.5 per cent in 2015.

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When it comes to the strength of Vancouvers office market, weve come a long way in the last five years. Robertson said. A few years ago our economy was being held back by a lack of space, we had a critical shortage and its wonderful to see the market respond.

He said the city has approved as much office space in the last four years as in the previous decade. Up until recently, the city was projecting a critical shortage of office space by 2031 if land-use policies remained the same. Robertson said new zoning bylaws enacted in 2009 helped get the new towers off the ground. The seven towers under construction downtown will total 2.18-million square feet of new office space.

He said Credit Suisses decision to build from the ground up in Vancouver signals that international corporations realize the city is one of the strongest office markets in North America.

Link:
Vancouver skyline to gain seven new office towers (with video)