Categorys
Pages
Linkpartner


    Page 31«..1020..30313233..4050..»



    Before and after: 5 years of Houston skyscrapers and high-rise construction – Chron.com - January 1, 2020 by Mr HomeBuilder

    For Sale For Lease

    Property Type Single Family Townhouse/Condo Country Homes/Acreage Mid/Hi Rise Condominium Residential Lots Multi Family

    Property Type Single Family Townhouse/Condo Country Homes/Acreage Mid/Hi Rise Condominium Residential Lots Multi Family

    Min. Price$5,000$10,000$15,000$20,000$25,000$30,000$35,000$40,000$45,000$50,000$55,000$60,000$65,000$70,000$75,000$80,000$85,000$90,000$95,000 $100,000$105,000$110,000$115,000$120,000$125,000$130,000$135,000$140,000$145,000$150,000$155,000$160,000$165,000$170,000$175,000$180,000$185,000$190,000 $195,000$200,000$205,000$210,000$215,000$220,000$225,000$230,000$235,000$240,000$245,000$250,000$255,000$260,000$265,000$270,000$275,000$280,000$285,000 $290,000$295,000$300,000$305,000$310,000$315,000$320,000$325,000$330,000$335,000$340,000$345,000$350,000$355,000$360,000$365,000$370,000$375,000$380,000 $385,000$390,000$395,000$400,000$450,000$500,000$550,000$600,000$650,000$700,000$750,000$800,000$850,000$900,000$950,000$1,000,000$1,100,000$1,200,000$1,300,000 $1,400,000$1,500,000$1,600,000$1,700,000$1,800,000$1,900,000$2 Mil$3 Mil$4 Mil$5 Mil$6 Mil$7 Mil$8 Mil$9 Mil$10 Mil

    Min. Price100 /m150 /m200 /m250 /m300 /m350 /m400 /m450 /m500 /m550 /m600 /m650 /m700 /m750 /m800 /m850 /m900 /m950 /m1,000 /m 1,050 /m1,100 /m1,150 /m1,200 /m1,250 /m1,300 /m1,350 /m1,400 /m1,450 /m1,500 /m1,550 /m1,600 /m1,650 /m1,700 /m1,750 /m1,800 /m1,850 /m1,900 /m1,950 /m 2,000 /m2,050 /m2,100 /m2,150 /m2,200 /m2,250 /m2,300 /m2,350 /m2,400 /m2,450 /m2,500 /m2,600 /m2,700 /m2,800 /m2,900 /m3,000 /m3,500 /m4,000 /m4,500 /m 5,000 /m5,500 /m6,000 /m6,500 /m7,000 /m7,500 /m8,000 /m8,500 /m9,000 /m9,500 /m10,000 /m

    Max. Price$5,000$10,000$15,000$20,000$25,000$30,000$35,000$40,000$45,000$50,000$55,000$60,000$65,000$70,000$75,000$80,000$85,000$90,000$95,000 $100,000$105,000$110,000$115,000$120,000$125,000$130,000$135,000$140,000$145,000$150,000$155,000$160,000$165,000$170,000$175,000$180,000$185,000$190,000 $195,000$200,000$205,000$210,000$215,000$220,000$225,000$230,000$235,000$240,000$245,000$250,000$255,000$260,000$265,000$270,000$275,000$280,000$285,000 $290,000$295,000$300,000$305,000$310,000$315,000$320,000$325,000$330,000$335,000$340,000$345,000$350,000$355,000$360,000$365,000$370,000$375,000$380,000 $385,000$390,000$395,000$400,000$450,000$500,000$550,000$600,000$650,000$700,000$750,000$800,000$850,000$900,000$950,000$1,000,000$1,100,000$1,200,000$1,300,000 $1,400,000$1,500,000$1,600,000$1,700,000$1,800,000$1,900,000$2 Mil$3 Mil$4 Mil$5 Mil$6 Mil$7 Mil$8 Mil$9 Mil$10 Mil

    Max. Price100 /m150 /m200 /m250 /m300 /m350 /m400 /m450 /m500 /m550 /m600 /m650 /m700 /m750 /m800 /m850 /m900 /m950 /m1,000 /m 1,050 /m1,100 /m1,150 /m1,200 /m1,250 /m1,300 /m1,350 /m1,400 /m1,450 /m1,500 /m1,550 /m1,600 /m1,650 /m1,700 /m1,750 /m1,800 /m1,850 /m1,900 /m1,950 /m 2,000 /m2,050 /m2,100 /m2,150 /m2,200 /m2,250 /m2,300 /m2,350 /m2,400 /m2,450 /m2,500 /m2,600 /m2,700 /m2,800 /m2,900 /m3,000 /m3,500 /m4,000 /m4,500 /m 5,000 /m5,500 /m6,000 /m6,500 /m7,000 /m7,500 /m8,000 /m8,500 /m9,000 /m9,500 /m10,000 /m

    Min. Beds 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds 6 Beds 7 Beds 8 Beds 9 Beds

    Min. Baths 1 Bath 2 Baths 3 Baths 4 Baths 5 Baths 6 Baths 7 Baths 8 Baths 9 Baths

    View post:
    Before and after: 5 years of Houston skyscrapers and high-rise construction - Chron.com

    Developments coming to Lakeland in 2020 – AVLtoday - January 1, 2020 by Mr HomeBuilder

    LRH Behavioral Health Facility | Rendering provided by Lakeland Regional Health

    Over the past few months, we have heard so many grand announcements on various developments from office buildings and restaurants to residential dwellings coming to the Lakeland area.

    In case youve been busy and havent skimmed over some of this groundbreaking news, heres a quick catch-up session.

    Disclaimer: This is not meant to be a comprehensive list of all of the developments in the Lakeland region. If there is a development that has been announced in the last 30 days that you feel should be included, please let us know in the comments below.

    With all of the development happening across Lakeland, its nearly impossible to keep up with what is opening when, where new businesses are being built, and what companies are coming to town.

    If there is a construction project you would like to learn more about let us know in the comments below + well grab our hard hats.

    LALtoday team (Jessica + Kaylee)

    The rest is here:
    Developments coming to Lakeland in 2020 - AVLtoday

    State-by-state breakdown of the 183 new ASCs opened or announced in 2019 – Becker’s ASC Review - January 1, 2020 by Mr HomeBuilder

    Written by Eric Oliver|December 27, 2019|Print|Email

    More than 180 ASCs have opened or been announced since January. Here's a breakdown by location:

    Alabama

    A medical office building is planned for the area where Auburn (Ala.) University is developing a health sciences cluster. The medical office building will include an ASC.

    Arizona

    Phoenix-based OrthoArizona and Addison, Texas-based United Surgical Partners International moved into a new medical office building and ASC in Gilbert, Ariz.

    Scottsdale, Ariz.-based HonorHealth began construction of its Sonoran HonorHealth Medical Center with an ASC as part of a campus expansion.

    Santa Monica, Calif.-based Source Healthcare plans to open an ASC, according to founder Tim Davis, MD.

    Flagstaff (Ariz.) Bone & Joint is expanding its footprint with the Flagstaff Bone & Joint Ambulatory Surgical Center and medical office building.

    Phoenix-based National Cardiovascular Management is developing a medical campus that will feature a multispecialty ASC.

    Show Low, Ariz.-based Summit Healthcare held a grand opening ceremony Oct. 5 of its 173,243-square-foot outpatient pavilion.

    California

    Santa Monica, Calif.-based Source Healthcare plans to open an ASC, according to founder Tim Davis, MD.

    UC Davis Medical Center in Sacramento, Calif., opened a children's surgery center.

    Industry, Calif.-based IQ Laser Vision opened an ASC April 23.

    Oakland, Calif.-based Kaiser Permanente will open its new Dublin (Calif.) Medical Offices and Cancer Center, a 226,000-square-foot multispecialty complex.

    Queen of the Valley Hospital in West Covina, Calif., proposed a multiyear development project that would bring an ASC to the area by 2022.

    Colorado

    UCHealth Yampa Valley Medical Center and Steamboat Orthopaedic & Spine Institute, both based in Steamboat Springs, Colo., are collaborating on an orthopedic ASC project.

    Centennial, Colo.-based Centura Health acquired 57.81 acres in Colorado Springs, Colo., for $30 million. The health system plans to expand its Colorado Springs presence with a 50-bed acute care hospital and an ASC.

    Developers recently placed the last beam on Denver Health Outpatient Medical Center. The center will have a surgery center.

    An ASC will occupy space in a new 102,000-square-foot medical office development called Synergy Medical in Colorado.

    A new mixed-use medical office development featuring an ASC is coming to Englewood, Colo.

    Connecticut

    Orthopedic Associates of Hartford (Conn.) opened a $30 million facility in Rocky Hill, Conn.

    Yale New Haven (Conn.) Health is accepting patients at its new ASC in Guilford, Conn.

    Connecticut Orthopaedic Surgery Center is almost complete.

    Delaware

    Lewes, Del.-based Beebe Healthcare is building a four-story surgery center in Rehoboth Beach, Del.

    Florida

    Orlando (Fla.) Health's South Lake Hospital Center for Specialty Surgery in Clermont, Fla., is taking shape. The 28,696-square-foot outpatient surgery center will offer orthopedic, podiatry and pain management procedures.

    Casto Southeast Realty Services is developing a $24 million medical office building complex, anchoring a 50-acre, mixed-use commercial project in Lakewood, Fla. The three-story building will have a 13,000-square-foot surgery and imaging center.

    The University of Miami Health System is building an outpatient medical facility in North Miami. The UHealth Medical Center at SoL Mia will include ambulatory surgery suites as well as cancer and eye specialists.

    Baptist Health South Florida has big plans including ASCs for its soon-to-be affiliate, Boca Raton (Fla.) Regional Hospital.

    An ASC project involving Compass Surgical Partners and Joint Implant Surgeons of Florida has wrapped up.

    Several physician groups will lease space in a 77,000-square-foot medical office center being built in Sarasota, Fla.

    Construction has wrapped up on a $6 million ASC project in Florida. The 9,850-square-foot Outpatient Surgery Center of Central Florida is a hybrid ASC and office built on roughly 4 acres of land.

    The Center for Advanced Healthcare at Brownwood-based the Villages, Fla., will feature an ASC and more than 25 outpatient specialties.

    The University of Miami (Fla.) Health System plans to build a medical center with outpatient services at Downtown Doral, a mixed-use community in Doral, Fla.

    Georgia

    Northeast Georgia Medical Center Braselton is building an ASC as part of a bevy of expansions.

    Macon-based Georgia Arrhythmia Consultants and Research Institute wants to build a cardiology-electrophysiology ASC in Warner Robins, Ga.

    Southeast Regional Surgery Center is moving forward with a single-specialty ASC in Columbus, Ga.

    The Marietta, Ga.-based WellStar Health System will open its multispecialty outpatient surgery center at WellStar Acworth (Ga.) Health Park on July 15.

    Atlanta-based Grady Health System is spending $231.3 million to build a medical office building with an ASC and expand an AIDS and HIV treatment center.

    Houston ASC in Georgia submitted a letter of intent to the Georgia Department of Community Health for a multispecialty ASC.

    Atlanta-based Morehouse School of Medicine applied for a certificate of need to build a $26.5 million ASC on its campus.

    Idaho

    Lost Rivers Medical Center in Arco, Idaho, is opening a $3.5 million ASC Oct. 29.

    Illinois

    The joint-venture Champaign (Ill.) Surgery Center will open Feb. 4, replacing the older Champaign SurgiCenter.

    Quincy (Ill.) Medical Group is developing a surgery center in the Quincy Mall.

    Chicago-based River North Surgery Center is seeking state permission to establish an ASC.

    Anderson Healthcare will add an ASC and pediatric clinic to its Edwardsville, Ill., campus in an $8.5 million expansion.

    Deerfield, Ill.-based Surgical Care Affiliates recently celebrated the grand opening of a 22,700-square-foot surgery center.

    The University of Illinois-Chicago's department of pediatric dentistry received a $10,000 grant that will help fund expanded services at a new ASC.

    The University of Illinois at Chicago will soon begin to develop the Bruno and Sallie Pasquinelli Outpatient Surgery Center after the couple donated $10 million to UIC.

    Indiana

    Muncie-based Central Indiana Orthopedics began building a facility in MedTech Park, a 37-acre business development in Fishers, Ind.

    Local leaders broke ground on a $4 million facility in Jeffersonville, Ind., that will primarily house River Ridge Surgical Suites.

    IU Health is building a surgical center across the street from Lutheran Hospital in Fort Wayne.

    Indianapolis-based Methodist Sports Medicine gained approval for an orthopedic hospital, surgery center and medical office building Oct. 15.

    Kansas

    The University of Kansas Health System in Kansas City opened its Indian Creek Ambulatory Surgery Center, a facility with seven operating rooms and two procedure rooms.

    Kentucky

    TriStar Greenview Regional Hospital is opening a $10 million ASC in partnership with Graves Gilbert Clinic and three physicians.

    Lexington (Ky.) Surgery Center's new facility opened near UK HealthCare at Turfland. Lexington Surgery Center is a joint venture between UK HealthCare and Deerfield, Ill.-based Surgical Care Affiliates.

    Bowling Green, Ky.-based Graves-Gilbert Clinic held a ribbon-cutting ceremony for its ASC.

    Work is underway on a 9,650-square-foot ophthalmic ASC in Elizabethtown, Ky.

    Baptist Health Lexington (Ky.) is expanding its presence in Hamburg, Ky., by developing an outpatient surgical and medical campus it plans to open in 2023.

    Louisiana

    New Orleans-based LCMC Health opened Ridgelake Health Center in Metairie, La., as part of a $400 million expansion involving two surgery centers.

    A new ASC is in development at the Baton Rouge (La.) General's Center for Health.

    Houma, La.-based Cardiovascular Institute of the South broke ground Oct. 18 on an ASC in Gray, La.

    Maine

    A group of surgeons opened Downeast Surgery Center in Bangor, Maine, April 17.

    Maryland

    Towson, Md.-based SurgCenter Development formed its 200th ASC partnership with SurgCenter of Clearwater (Fla.).

    Massachusetts

    Melrose, Mass.-based Melrose-Wakefield Healthcare received state approval to build a $16 million ASC at Medford, Mass.-based Lawrence Memorial Hospital.

    Worcester, Mass.-based management services organization Reliant Medical Group plans to develop a joint venture ASC in Natick, Mass.

    Ophthalmic Consultants of Boston opened its 10th location, an ASC, in Falmouth, Mass.

    Michigan

    The Hasting Planning Commission approved Hastings, Mich.-based Spectrum Health Pennock Hospital's $12 million surgical center proposal.

    Henry Ford Allegiance Health in Jackson, Mich., developed plans for a new outpatient surgery center in Grass Lake, Mich.

    Alliance Surgery Center will be SurgCenter Development's fifth location in Michigan when construction wraps up in November.

    SurgCenter Development received city plan commission approval to build a surgery center in Boyne City, Mich.

    Construction of a new orthopedics-focused ASC began this week in Grand Traverse County, Mich.

    The $9 million renovation to transition Charlotte, Mich.-based Hayes Green Beach Memorial Hospital into the Sparrow Health System is complete.

    Work on the joint venture Grass Lake (Mich.) Surgery Center is progressing according to plan. The center is being built by a group of local neuro and orthopedic surgeons, who partnered with Detroit-based Henry Ford Allegiance Health and Brighton, Mich.-based Advanced Orthopedic Specialists.

    Minnesota

    Northfield (Minn.) Hospital & Clinics has an ASC project in the works

    Mississippi

    Madison, Miss.-based Capital Ortho's new Flowood, Miss.-based campus houses the Specialty Surgical Center.

    Specialty Orthopedic Group opened a 33,000-square-foot practice with an outpatient surgery center in Tupelo, Miss.

    Missouri

    Medical Facilities Corp. and NueHealth partnered with St. Luke's Hospital in Chesterfield, Mo., to develop an ASC.

    Montana

    Missoula-based Providence Montana has a multimillion dollar development in the works that will feature an outpatient surgery center.

    Bozeman, Mont., city commissioners approved Bozeman Health's $20 million same-day surgery center and clinic project July 1.

    Visit link:
    State-by-state breakdown of the 183 new ASCs opened or announced in 2019 - Becker's ASC Review

    The most anticipated buildings set to shape the world in 2020 – CNN - January 1, 2020 by Mr HomeBuilder

    Written by Oscar Holland, CNN

    But at the dawn of a new decade, it seems fitting to look ahead at the structures set to shape our cities -- and architecture itself -- in the coming year.

    From museums and skyscrapers, to a hotel with a hole in it, these are CNN Style's most anticipated buildings opening or completing in 2020.

    Vancouver House, Vancouver, Canada

    Twisting from a triangular base to a rectangular top, Vancouver House appears to defy the laws of engineering when viewed from afar.

    The pixelated facade, also characteristic of Ingels' work, helps to create deep-set balconies for residents in the 493-foot-tall tower.

    Nanjing Zendai Himalayas Center, Nanjing, China

    Irregular white fins give the complex's towers the appearance of icy mountains, their flowing lines contributing to what Beijing-born Ma's firm, MAD, describes as a "philosophy of cooperation between humanity and nature." At ground level, six separate plots are connected via man-made streams and footbridges.

    Powerhouse Telemark, Porsgrunn, Norway

    Located on the banks of the Porsgrunn River, the practice's latest "energy-positive" project, Powerhouse Telemark, has been designed to "set a new standard for the construction of the buildings of tomorrow."

    Everything about the sleek structure, which is almost entirely coated in photovoltaic cells, has its carbon footprint in mind, from a diamond shape that maximizes the solar energy it captures, to the use of recycled materials from local demolition projects.

    New Museum of Western Australia, Perth, Australia

    Peter Bennetts / Hassell / OMA

    In designing a museum on a site littered with historic buildings, architecture firms Hassell and OMA faced a delicate task: building a 21st-century museum while preserving the surrounding heritage.

    The result is a striking contemporary creation that complements, interacts with and wraps around existing structures -- some of which date back to the mid-19th century -- producing an unlikely synergy of brick, glass and steel.

    Perhaps the most striking feature is how the museum's huge upper volume hangs dramatically over Hackett Hall, the State Library's old reading room.

    Grand Egyptian Museum, Cairo, Egypt

    Mohamed-El-Shahed/AFP/Getty Images

    Having said that, 2020 looks sure to be the year it finally does. As well as offering a permanent home to tens of thousands of archeological treasures, including the entire contents of Tutankhamun's tomb, the 5.2-million-square-foot museum symbolizes efforts to repair the country's tourism industry in the wake of the 2011 revolution.

    The building's glass-fronted design, first unveiled over 15 years ago, will offer sweeping panoramas of the Great Pyramids and Giza plateau.

    Berlin Brandenburg Airport, Berlin, Germany

    Gnter Wicker / Flughafen Berlin

    Berlin's new Brandenburg airport is, perhaps, less anticipated for its design than for the fact it's almost a decade late.

    The terminal building, which sits between two parallel runways, was designed to represent the region's architectural heritage. Official press materials cite the influence of 19th-century Prussian architect Karl Friedrich Schinkel and the celebrated Bauhaus art school.

    Opus, Dubai, UAE

    Laurian Ghinitoiu / Zaha Hadid Architects

    More than three years after her death, Zaha Hadid continues to shape the world's cities with her bold, curvilinear creations.

    Opus, which was first proposed by the British-Iraqi architect in 2007, takes the form of a glass-fronted cube punctured with an asymmetric hole that appears to bulge at the seams. Yet, closer inspection reveals that the building is formed from two separate towers joined by a four-story atrium at its base and a footbridge connecting the upper floors.

    1000 Trees, Shanghai, China

    Qingyan Zhu / Heatherwick Studio

    British designer Thomas Heatherwick has never been short of ambition. And now his seemingly farfetched vision of a tree-covered urban mountain has become a reality.

    The 3.2-million-square foot development now occupies a huge stretch of riverside in Shanghai. Structural columns emerge from the structure's mass to hold some of the plants and greenery alluded to in the project's name, 1000 Trees.

    More than a piece of architecture, this is, in Heatherwick Studio's own words, "a piece of topography."

    M+ Museum, Hong Kong SAR, China

    Courtesy of Herzog & de Meuron / West Kowloon Cultural District Authority

    Set across a huge swathe of reclaimed land in Hong Kong's Victoria Harbour, the West Kowloon Cultural District has been more than 20 years in the making. And of the many theaters and cultural institutions set to eventually open in the development, none are more hotly anticipated than M+.

    The museum is expected to have one of the Asian continent's most impressive collections of contemporary visual art. Swiss architecture firm Herzog & de Meuron has built a visually arresting design to boot -- a horizontal slab (containing exhibitions spaces) and a vertical one (housing everything else) conjoined into an upside-down "T."

    Although the building is set to complete within the next few months, it will be another nine to 12 months before its opened to the public. Nonetheless, it's a major milestone for the long-awaited cultural quarter.

    Singapore Pavilion at the Dubai Expo 2020, Dubai, UAE

    Singapore Pavilion, Expo 2020 Dubai

    But perhaps the most ambitious idea is that of Singapore: to create an oasis in the Arabian desert.

    Innovations to that end include solar-powered desalination systems for irrigation and a cantilevered roof to provide shade.

    See more here:
    The most anticipated buildings set to shape the world in 2020 - CNN

    2020 vision: New city council, completed Keystone intersection ring in new decade – Current in Carmel - January 1, 2020 by Mr HomeBuilder

    The new year will usher in a new era in Carmel, as it will finally be structured like a second-class city with an expanded council and other changes. The newly elected council features the citys first elected Democrat, and the party wants to make gains on the state and national level in the November elections.

    The year also will feature new developments, road construction and changes to Carmel parks and schools.

    Indiana Lt. Gov. Suzanne Crouch swears in Carmels elected officials Dec. 18 at the Monon Community Center. (Photo by Ben Stout)

    On Jan. 1, Carmel will finally look like a second-class city.

    The city council voted in January 2016 to become a second-class city, and it has spent the past several years preparing for the most obvious change: two additional city council positions (one at-large and one representing a district).

    New city councilors sworn into office in late December are Miles Nelson, representing the West District; Adam Aasen, representing the Southeast District; and Tim Hannon, representing the city at-large.

    Nelson is the first Democrat elected to the council in Carmels history. Brainard, a Republican who has served as Carmels mayor since 1996, said he is eager to work with the new council.

    Im anxious to work with everyone who was elected and focus on city issues and continue to try and make Carmel a better place, he said. I like everyone whos been elected, and I look forward to working with them.

    Becoming a second-class city also led to the elimination of the clerk-treasurer position. It will be replaced with an elected clerk and appointed city controller. Sue Wolfgang will begin her term as clerk and Ann Bingman will become controller Jan. 1.

    The 2020 new year will include elections for state and national offices, and with the presidential race on the ballot, voter turnout is expected to be high.

    Brooks

    A crowded field has emerged in the race to replace U.S. Rep. Susan Brooks in Indianas 5th District, with multiple candidates running in the Republican and Democratic primaries. Brooks will retire when her term expires at the end of 2020.

    Republicans in the race are pastor Micah Beckwith, Indiana State Treasurer Kelly Mitchell, fund accountant Danny Niederberger, former Bureau of Motor Vehicles Commissioner Kent Abernathy, nurse and farmer Beth Henderson, pediatric doctor Chuck Dietzen, accountant and attorney Matthew Hook, and former State Rep. Steve Braun, who has suspended his campaign for health reasons. Democrats are attorney Andy Jacobs, businesswoman Dee Thornton, scientist Jennifer Christie and former State Rep. Christina Hale. Independent Ken Tucker also has announced his candidacy.

    Indiana Lt. Gov. Suzanne Crouch swears in Carmels elected officials Dec. 18 at the Monon Community Center. (Photo by Ben Stout)

    The City of Carmel originally announced that it expected to select a developer and design plan for Lot One, 1.7 acres on the northeast corner of Main Street and Range Line Road, by June 1, but an announcement had not been made by the end of the year.

    The (Carmel Redevelopment Commission) picked one of the developers, and they have been in discussions with that one, Carmel Mayor Jim Brainard said. If they fail with that particular developer, theyll move on to a different one. You dont want to have two or three simultaneous discussion going on at one time.

    The CRC received eight responses to its request for proposals for the project. Each proposal included a public/private parking garage, 37,000 to 110,000 square feet of office or retail space and multi-family dwellings.

    The new development also will include space for PNC Bank, which is currently on the land and plans to maintain a presence during construction. PNC sold 1.2 acres of the site to Carmel for $2.5 million in December 2018 after Carmel filed a condemnation lawsuit to use eminent domain to acquire the property in August 2018. The city withdrew the lawsuit after the CRC and PNC reached a deal.

    Brainard said the city is working to make sure it selects a plan that will best serve Carmel long-term, not one that can be pulled together most quickly.

    Its important to get it right and not rush to put a deal together, he said. Those buildings are going to be there for 100 years or more.

    The interchange at Keystone Parkway and 96th Street celebrated its substantial completion Dec. 30. (Submitted photo)

    After 18 months of construction, the much-anticipated roundabout interchange at 96th Street and Keystone Parkway is substantially complete. The city was set to celebrate the project finishing on time by the end of 2019 with a ribbon-cutting ceremony Dec. 30.

    Some final details will be completed in the winter months and when the weather warms up, such as applying a final layer of asphalt, permanent pavement markings, landscape features and painting of the bridge.

    Other road projects planned for 2020 include roundabouts at 116th Street and College Avenue and Guilford Road, 96th Street and Haverstick Road, and 111th Street at Westfield Boulevard and Lexington Drive.

    Carmel residents will see their tax bills rise starting Jan. 1.

    With the approval of Carmel Clay Schools school safety referendum, residential property taxes will increase by 5 cents per $100 of assessed value. This equates to an additional $65.13 per year for a home valued at $250,000.

    The tax will allow CCS to place school resource officers at every school, fund mental health programming and provide additional school safety training for teachers.

    All Hamilton County residents will pay a .1 percent increase in the local income tax to fund improvements to the countys 911 communications center.

    Hotel Carmichael is set to open in spring 2020. (Photo by Ann Marie Shambaugh)

    Hotel Carmichael construction is on track for the building to open in spring 2020.

    The 106,347-square-foot building will include 122 rooms, a restaurant, outdoor dining space, three bars and the Feinstein Club, a music lounge concept by Michael Feinstein.

    Hotel Carmichael is set to open in spring 2020. (Photo by Ann Marie Shambaugh)

    Other City Center buildings expected to open in 2020 are the Kent (luxury apartments) and Playfair and Holland (luxury apartments and retail/office space).

    Carmel isnt expected to launch its proposed film festival until at least 2021, but planning will be well under way in 2020.

    The city council removed $375,000 for the festival from the 2020 budget, but Brainard said that isnt expected to slow down the planning process.

    Its just a request from the council to give them more information before we make final commitments, Brainard said. We had some money in this years budget, and well combine that with the money in next years budget and develop the plans to a more detailed level and talk to council again.

    The council budgeted $175,000 for the festival in the 2019 budget and approved $50,000 for it in the 2020 budget. Brainard said a successful festival would have a huge impact on the community and small businesses.

    There are a lot of film fests around the country that have not been successful. Weve studied all the ones that are successful, he said. Its a matter of communicating the information thats been gathered and developing a more detailed budget for the council.

    The final school year for Orchard Park Elementary will begin in the fall. The school will close after the 2020-21 school year.

    Construction is set to begin in 2020 on Carmel Clay Schools two new elementary schools. The district is building a new campus on Clay Center Road, which is proposed to be called Clay Center Elementary School. CCS also is building a new Carmel Elementary building next to the existing one, which will be demolished when the new school is complete.

    In the spring, the school board is expected to vote on potential changes to the daily schedule. The changes would extend the day for elementary students and create a later start time for middle and high school students. It also could include twice-a-month late-start days to give teachers more time for professional development.

    The Carmel Clay Public Library is planningan expansion that is expected to include morespace for programs and a parking garage. (Submitted rendering)

    Construction on an expansion of the Carmel Clay Public Library is expected to begin in the second half of 2020.

    The $40 million project will include expanded space for programs, a parking garage and several other upgrades. Duration of the project is dependent on whether a temporary location for the library can be found during construction.

    The expansion is expected to add between 10,000 and 30,000 square feet to the librarys 116,000-square-foot building, which was constructed in 1999. Look for project updates at carmel.lib.in.us/nextchapter.

    The library will open its first branch, the Joyce Winner West Branch, Jan. 6 at 12770 Horseferry Rd.

    The playground at Meadowlark Park is planned to be relocated and replaced. (Submitted rendering)

    A new playground is planned at Carey Grove Park. (Submitted rendering)

    Thanks to the Clay Township Impact Program, improvements are coming to several Carmel parks this year, leading to their temporary closure.

    Upgrades totaling $1.9 million at Flowing Well Park will include bank stabilization, trail rerouting, additional benches, a parking lot expansion, an entrance from 116th Street, well house improvements and restroom facilities.

    At Meadowlark Park, CCPR will relocate the playground to the front of the park. The citys first pickleball courts also are expected to be built there. Other improvements in the $3.5 million project include restrooms, a fishing pier and trails.

    In Carey Grove, $2 million in upgrades include playground replacement, restrooms, trails and an improved parking lot.

    In West Park, the $4.6 million project includes upgrading the playground and splash pad.

    Carey Grove, Meadowlark and Flowing Well parks are expected to close for improvements in late winter or early spring. They are anticipated to reopen by the end of the year. The section of West Park to be improved also will be closed, but the newly completed Groves area and some trails will remain open.

    (Construction closures) are not going to be fun, CCPR Director Michael Klitzing said. Its like when a roundabout goes in, theres a little bit of disruption.

    The Carmel Marathon will celebrate its 10th anniversary in the new year. It will serve as the Road Runners Club of America Central Region Marathon Championship for 2020.

    The marathon is set for April 4. Other races during the weekend include a half-marathon, 10K, 5K and marathon relay.

    Read the original post:
    2020 vision: New city council, completed Keystone intersection ring in new decade - Current in Carmel

    7 things to watch in Portage in 2020 – Record-Courier - January 1, 2020 by Mr HomeBuilder

    As we prepare for a new year, the Record-Courier examines what likely will be some of the top stories across Portage County in 2020. If you experience deja vu reading this list, its because a few of the items, including the Kent and Streetsboro city hall projects, were on last years list.

    1. 50th commemoration of May 4, 1970

    Kent State University will mark the 50th commemoration of May 4, 1970 with educational events, speakers and arts exhibits, leading up to the annual May 3 candlelight walk and vigil and the traditional noon commemoration on May 4. Expect media local, national and international to be out in full force.

    The commemoration, which kicked off when students arrived for the fall semester, marked the first time the university has assumed responsibility for the commemoration since 1975, made official by a Board of Trustees resolution passed in March 2019. The May 4 Task Force organized previous commemorations.

    Several events in 2020 are ongoing, including a national call for poems and a global community poem organized by the Wick Poetry Center; the Culture/Counterculture exhibit at the fashion school; an online social media project called @KSUvoices1970; and the "Our Brother Jeff" exhibit which is the final of four exhibits focused on the four students who were killed that day.

    On Jan. 24, the Center for the Visual Arts will open a contemporary metals exhibit in honor of the students who were killed that day called "Constructed Answer," and on Feb. 29, the history department will host a research symposium called "New Directions in Scholarship on the Vietnam War."

    In March, there will be a philosophy graduate student conference in memory of May 4 and a panel discussion called "Leading through Tragedy" that will bring together representatives from schools touched by campus violence, including Virginia Tech, Chardon High School and Northern Illinois University. Former Kent State President Beverly Warren will moderate.

    In April, the Department of Pan-African Studies will hold its fifth biennial Africa and the Global Atlantic World Conference which will focus on the leadership and activism of college students and the militarized violent responses they faced; and Wick Poetry Center David Hassler will debut his play "May 4th Voices: Kent State, 1970" at the Stark Campus. On April 16, Taylor Hall Gallery will open "Witness: The Pivotal Role of Students in Documenting the May 4 Shootings."

    2. A need to create space

    The county is in the grips of what could be considered a good problem: So many of its industrial facilities are occupied that growth in many cases will require new construction.

    However, that means businesses looking to move to the county sometimes have to consider planning and paying for their own building, according to Portage Development Board President Brad Ehrhart.

    Both Ehrhart and Streetsboro Mayor Glenn Broska point to a 150,000-square-foot building on Wellman Road in Streetsboro as a potential answer to the business owners question: Where can I move in so I dont have to build my own building?

    Broska said he believes that building will be filled this year.

    "The outlook is very good for it," he said. "They are talking about some possibilities with a tenant."

    Ehrhart said there also are several areas in the county with good industrial sites where companies could build, if necessary, including along Route 43 in Streetsboro on properties owned by Geis Co. and Philipp Parkway.

    "There are also big parcels down in Brimfield right behind Maplecrest," he said.

    In Ravenna, Springseal is planning to add 30,000-square-foot addition to its existing building, he added. Other businesses building additions include OEM Miller in Aurora, RP Gatta of Aurora.

    Aurora Mayor Ann Womer Benjamin said two businesses are moving to Aurora.

    "One of them is Atlantic Water Gardens," she said. "Its relocated from Mantua to Aurora and bringing 22 or more employees with it."

    Wellsville Carpet Town also is likely to move to an Aurora, said Womer Benjamin.

    Ravenna Mayor Frank Seman said he believes there will be more work on the Chestnut Commerce Centers rail extension, which has potential to benefit companies in the neighborhood.

    He also said he hopes to open negotiations with Ravenna Township regarding a joint economic development district.

    "Im hopeful we can get some very active talks going with the township on the JEDD," he said. "We dont have a lot of ground left."

    Ehrhart said the labor force in the area continues to be tight as companies look for more manufacturing workers.

    "Thats a trend throughout the Ohio and U.S. 2019 labor force," he said.

    Portage Countys potential labor force numbered 87,100 in 2019, and of those 83,600 were employed, said Ehrhart. Another 3,500 are looking for jobs.

    He said more stability would help businesses locally, adding slightly fewer businesses reported they are growing this year.

    In 2018, he said he visited 165 businesses, and 115 reported they were growing. This year, Ehrhart said hes visited 170 businesses, and about 109 reported they were growing.

    "Theres always an issue with regards to uncertainty, and, in this case, thats in regard to tariffs," he said.

    3. Downtown businesses

    Kent Economic Development Director Tom Wilke said one hotspot in 2020 will be the Mill District, where the Star of the West Mill has been sold and other properties are poised to open to new businesses.

    One of those new businesses will likely be the North Water Street Brewery, which Wilke said would be located at 107 Lake Street.

    In addition, he said the city is planning a project aimed at providing greater pedestrian safety in the Mill District along N. Mantua Street.

    Along Franklin Avenue, two six story buildings are planned, a 46-unit apartment building and a building that would house a restaurant, bakery, wine bar and 16 upscale apartments. Wilke said a ground breaking this spring is likely for at least one of those projects.

    Seman said he believes businesses will continue to open in downtown Ravenna in 2020.

    "Were optimistic about this coming year," he said. "We think well see some growth in the downtown area with some more businesses coming in. The retail businesses, you know, those are going to come and go."

    Broska said more development of the old Shady Lake land on Route 14 is possible this year, and he said hes also hoping Dean Caputos Powerhouse Gym will help attract more business to Market Square Plaza, which has been underutilized since Giant Eagle tied up the anchor tenant lease following its move across the street.

    "Im really looking for more interest in Market Square Plaza being developed," said Broska.

    4. Streetsboro Fire Station and City Hall project

    As plans for the new Streetsboro Fire Station are moving into place, it is clear thatthe City Center Project will not proceed as envisioned, leaving its future and its components undetermined.

    In May, Streetsboro voters passed Issue 14, which secured funding for a new fire station and a new service department garage.The building features 10,000 square feet of bay space for equipment and another 15,000 square feet of living space, according to a previous report. Previously, Broska said the station plans include an adequately sized conference room and office space as well as a training tower. The new station will be adjacent to the existing fire station to allow that station to stay open during construction.If all goes well, groundbreaking could happen in late March or early April with construction lasting about a year.

    In October, however, plans for a public-private city center that would have included city offices, medical offices and a wellness center, fell apartbecause no development agreement between the city and the Welty Building Co. of Akron had been signed.

    Councilman John Hannan said in October that the issues with the project were not due to the failure of one entity, but the failure to communicate. He added that he thinks council members want something to happen with the city hall property and that he wishes to continue working with Welty.

    5. More school levies on the ballot

    Following Novembers levy defeats, Waterloo again will ask voters for new operating funds, while Rootstown will continue to work on its levy schedule to reduce voter fatigue and have more financial security.

    In March, Waterloo voters will see a five-year, 1.5% traditional income tax, which is anticipated to raise about $2.74 million and will keep the district in the black for five years. March will mark the districts third attempt at an income tax and the tenth straight attempt for additional operating funds.

    Also in March, Rootstown voters will be asked to renew a 4.4-mill emergency levy that will not increase taxes, but they may see something different on subsequent ballots.

    Several times throughout 2019, the Rootstown Board of eEducation met with financial advisor David Conley who suggested reorganizing the levy schedule to decrease the number of times the district is on the ballot. Among various options, the board could ask for renewals but increase the timeframes, combine several levies into one or present an income tax that would take the place of its three active emergency levies.

    Conley noted that reorganizing the levy schedule would take years, but the board is continuing discussions and plans to meet with Conley again on Jan. 13 to look at best first steps.

    6. Kent State Gateway Plan

    Kent State University will undergo several major construction projects in 2020 as it wraps up Phase 1 of its $1 billion, 10-year Gateway Plan. The projects will change the way front campus looks to those passing by on East Main Street.

    In June, the university expects to break ground on a new $29 million parking deck located just off Midway Drive that will serve the new College of Business Administration. The parking deck is expected to be open for the fall 2020 semester.

    Additionally, the Board of Trustees approved closing Terrace Drive from Main Street and realigning 2,250 feet of roadway to connect to Midway Drive, which will lead to the new parking deck and the new business building. They also approved a $7.3 million addition to Rockwall Hall, housing the School of Fashion, but the groundbreaking is yet to be determined.

    In May, renovations are anticipated to begin on the Student Center, including upgraded safety features, new student-centered spaces and updated interior finishes and furniture.

    Phase 1 of the Gateway Plan also includes the new College of Administration Building, the Innovation Hub and Dining, additions to the Aeronautics and Technology building and renovations to White Hall, among other projects.

    7. Kent City Hall project

    As concepts for the building continue to become more defined, the city may be in a position to start bidding its proposed new city hall project by late fall of 2020.

    With the completion of a public meeting in November, Kent City Council is anticipated to receive another update on plans around February. Kent Public Services Director Melanie Baker said citizens voiced a desire to see the city use sustainable building materials and solar panels while allowing for future growth if needed. Those comments are being used to hone the plans.

    A memo submitted to Kent City Council by Nancy Nozik of Brandstetter Carroll Inc. states the schematics for the proposed project have close to 24,000 square feet of occupied space about 1,000 square feet above the range listed in the conceptual plan. Plans are still being refined, however.

    Noziks memo uses estimates of $250 per square-foot and $300 per square-foot cost to estimate potential price ranges for the building. Baker previously said those costs are fairly high, but acknowledged that the company provided conservative numbers. Prices could go down to about $200 per square-foot, she added.

    Other things coming our way in the new year.

    Bio-Med expands

    In January, Bio-Med Science Academy will open applications for the 2020-21 school year, expanding its grade levels down to second grade.

    Starting next school year, the Shalersville Campus will house second-, third- and fourth-graders; the Ravenna Campus will have the fifth- and sixth-graders and the Rootstown Campus will have seventh- to 12th-graders.

    EdChoice

    The Ohio Legislature expanded the EdChoice voucher program in the latest biennium budget, which increased the number of Portage County schools on the list of eligible schools from three in the 2019-20 school year to 18 in 2020-21. School officials across the state are still advocating that there be a higher threshold to be on the list, but any changes to the criteria will have to be made by Feb. 1 when EdChoice scholarship applications open.

    Ravenna reconfiguration

    On Jan. 6, the Ravenna Board of Education is expected to make a decision about reconfiguring the district from neighborhood elementary schools to grade-level buildings after a year of research and meetings. The most discussed plan has West Park remaining the kindergarten building, turning Willyard into the first- and second-grade building and West Main into the third- and fourth-grade building. Carlin would hold the preschool on the first floor and central offices and special services on the second floor. Fifth grade would be moved to Brown Middle School, which currently houses sixth, seventh and eighth grades.

    New Ravenna economic development director

    Dennis West has been hired to serve as the new economic development director for Ravenna city and township. He is expected to officially begin his duties on Thursday.

    His office will be located in Ravenna City Hall, but he will focus on commercial and industrial retention as well as promotion and expansion for both entities. His $103,000 annually salary will be split between the city, the township and the public-private Core Team.

    Record-Courier reporters Bob Gaetjens, Krista Kano, Eileen McClory and Kaitlyn McGarvey contributed to this report.

    Visit link:
    7 things to watch in Portage in 2020 - Record-Courier

    Developer asks Overland Park for extension on tax incentives after difficulty finding tenants for office project – Shawnee Mission Post - December 19, 2019 by Mr HomeBuilder

    The developer of the Metcalf 108 project says it has had a hard time finding tenants for the proposed office space.

    Developers hoping to put up an office building next to the new Staybridge Suites hotel at Interstate 435 and Metcalf Avenue have asked for a two-year extension on their deadlines because of difficulty finding tenants.

    The Overland Park City Councils Finance, Administration and Economic Development committee gave its blessing to an extension twice as long as the developer requested after being told that one year would not likely be enough.

    The Metcalf 108 project was green-lighted in 2017 as a replacement for the aging 435 Overland Park Place Hotel, which had been closed the year before. Developers proposed to raze it and put in a new hotel, office building and parking structure.

    A redevelopment agreement provides for tax increment financing, a community improvement district and a break on sales tax for construction materials but that only applies to the office building and parking garage. No public money is available until the office and garage get underway.

    But lawyer Curtis Petersen and James Clark, managing member of Oxford Realty LLC, told the committee that the developers have had trouble finding tenants for a variety of reasons.

    Prospective office tenants usually want to move in less than the two years, Petersen said. But the developer needs that much time to build. And buildings usually need to be half pre-leased before its feasible to start construction, he said.

    Meanwhile, Clark said construction costs have gone nuts and lower rents from property on the Sprint campus and elsewhere have affected efforts to find tenants.

    Our perception was that the significant location and visibility would drive that tenant and someone who wanted that kind of exposure. To date weve been disappointed, to say the least, Clark said.

    However in a letter to the committee, Petersen said the developer has changed brokers and is encouraged that the new broker will have better success because of the attractiveness of the Staybridge building.

    This is the second deadline delay for the project. The first was about a year ago.

    The deadline extension gives the developer more time to put together a public financing package, which would be considered later by the city council.

    Read more:
    Developer asks Overland Park for extension on tax incentives after difficulty finding tenants for office project - Shawnee Mission Post

    Inventory of Class A office space expected to swell in 2020 – talkbusiness.net - December 19, 2019 by Mr HomeBuilder

    The Class A office sector in Northwest Arkansas is set to get a much-needed jolt in 2020.

    According to a new report by CBRE, the construction of five Class A buildings totaling approximately 370,000 square feet of office space will be completed and ready for tenants next year.

    There is no definitive formula to characterize building class among A, B and C. Class A buildings generally represent the newest and highest quality buildings in a particular market. They are buildings with the best construction and have high-quality building infrastructure. Class A buildings are also well located, have suitable access and are professionally managed. As a result, they typically attract the highest quality tenants and also command the highest rents.

    Those rents are rising even higher.

    David Erstine, a real estate broker with CBRE in Fayetteville and the author of the new report, said construction costs at an all-time high are driving up lease rates. Because of additional major construction projects that are coming down the development pipeline, the labor market is likely to remain strained for the foreseeable future. As a result, landlords will pay at a premium for new construction, which will keep pushing lease rates higher for new office space.

    Historically, Class A office space was in the range of leasing from $20 to $24 per square foot, Erstine said. In todays world, new Class A space is from $27 to approaching $30.

    MARKET BREAKDOWNThe most significant addition to the Class A inventory will be in Rogers, where more than half of the regions premium office space already resides. That includes Benton Countys largest office building, the 10-story, 226,000-square-foot Hunt Tower.

    Three new buildings from separate development groups will increase that percentage next year.

    Northgate Plaza, a six-story, 118,000-

    square-foot building and adjacent parking structure on J.B. Hunt Drive, should be ready for tenants by early February. Northgate Holdings, the building/parking and landowner, is a partnership between the Blass family of Little Rock and Johnelle Hunt, chairman of Hunt Ventures in Rogers.

    Cushman & Wakefield/Sage Partners in Rogers is the developer consultant.

    In The District at Pinnacle Hills, a 54-acre mixed-use project along Pauline Whitaker Parkway, a 40,000-square-foot office building is in development. It will be the third office building in the development, led by Whisinvest Realty of Little Rock.

    Also on Whitaker Parkway, Hachem Investments Inc., led by Laurice Hachem, is building One Uptown. The three-story, 60,000-square-foot building will have retail, restaurants and roughly 20,000 square feet of office space.

    Erstine said those three projects would help alleviate a tight market in the Pinnacle Hills area. He mentioned a variety of factors that are driving demand there. They include merger and acquisition activity among retail suppliers.

    The growth we see in that area is not necessarily a net growth, he explained. Lets say two [supplier] teams come together, each in 10,000 square feet of space that now need 15,000 square feet. Its a net loss of 5,000 square feet, but because contiguous space footprints are limited, when new [buildings] are built, thats who they are attracting.

    Erstine, who has worked in Northwest Arkansas commercial real estate industry for nearly 20 years, said traffic congestion and proximity to Interstate 49 are also driving interest in Pinnacle Hills.

    If you have a sizable team of 20-plus [employees] and searching for office space, its common for us to hear from the occupier that they collectively live throughout the greater Northwest Arkansas region, Erstine said. Working in Pinnacle Hills is far less impactful on team members drive times than it would be to locate in certain areas of Bentonville further away from the interstate. I think we would all agree that in Northwest Arkansas, its a lot more efficient to travel north and south than it is east and west in most any community.

    The first two buildings in the 33-acre Rice Office Complex (ROC) will give Bentonville new Class A properties near the interstate when they are finished next year. The office park is situated along northbound I-49, north of the Arkansas Highway 72 exit.

    Cushman & Wakefield/Sage Partners is the developer. The two buildings total 112,000 square feet. Erstine said its believed that the larger of the two buildings (72,000 square feet) has already been fully leased. The activity is thought to be related to relocation efforts surrounding Walmarts new corporate campus construction. ROC will ultimately help ease the vacancy rate in Bentonville. Its the highest in the region at 11.71% among Class A properties, but thats a drop of nearly 6% in the past year.

    Erstine termed the Bentonville market as being in a lull period following Walmarts 2017 announcement that the company would build a new corporate campus in Bentonville. The new corporate campus will be built to the east side of Southeast J Street, between Central Avenue (Highway 72) and 14th Street (Highway 102), with Eighth Street running through it. In the 350-acre footprint where the campus will be built, there are several Walmart-owned buildings and operations. Walmart is in the process of moving employees to new locations so it can raze the buildings, build new structures then move employees back in.

    Many reviewing office occupiers are still determining whether it is best to relocate themselves closer to the new headquarters site or remain in their current space, Erstine wrote in the report. Some have taken the wait and see method [since] the headquarters may not be fully complete for another seven years. Average lease terms for these office occupiers range from five to seven years.

    The Fayetteville submarket, according to CBRE, has the lowest vacancy rate in the region among Class A properties at 3.76%. Thats down from nearly 5% in the second half of 2018. Erstine said thats forcing occupiers who require more than 10,000 square feet of contiguous space to look elsewhere.

    There is one Class A development scheduled to be completed by the summer of 2020. Its a two-story, 39,000-square-foot building in the Vantage Drive Office Park, a new 13-acre office park situated north of the U.S. Postal Service at 1590 E. Joyce Blvd.

    Kyle Naples, owner of NAPA Construction in Fayetteville, is partnering with CBRE to develop the property. Erstine said the new building would be the first new Class A multitenant building in Fayetteville in over a decade.

    Overall there are 45 Class A office buildings in Bentonville, Fayetteville and Rogers totaling 2.57 million square feet. The overall vacancy rate is 7.35%.

    Erstine said Springdale is not included in the report because historically there has been little to no sizable [Class A] office demand or supply for the Springdale market. He said that could change over the next decade, specifically in the area around the Don Tyson Parkway interchange, as companies look to be more centrally located in Northwest Arkansas.

    comments

    Read more from the original source:
    Inventory of Class A office space expected to swell in 2020 - talkbusiness.net

    Office buildings under construction in South Bend, but what about turnover and vacancies? – South Bend Tribune - December 19, 2019 by Mr HomeBuilder

    SOUTH BEND On a cold and blustery Thursday, officials gathered on the edge of an open field in Ignition Park to witness the citys latest groundbreaking for office space.

    Press Ganey, a business that was started here by a couple of Notre Dame professors, had finally had enough of the space it has been cobbling together in the city for more than 30 years. Efficiency, convenience and camaraderie could be improved if the companys estimated 380 employees were under one roof.

    So officials broke ground for a new 83,000-square-foot building along Ignition Drive that should be ready in the first half of 2021 for the company that aims to improve health care performance by measuring patient satisfaction.

    The new office, which will include training and fitness centers, as well as a rooftop deck with cafe, is being built to house an estimated 500 employees with the possibility of an additional building expansion in the future.

    Meanwhile, a new five-story office building is progressing at the corner of Jefferson Boulevard and Main Street that will eventually house the law firm Barnes & Thornburg and Lewis Hansells River Park Leasing Corp., on the top four floors with space for a coffee shop and retailer on the ground level.

    All good news since its better to have a combined $25 million in new investment than to risk one or more of the businesses moving out of the city.

    But those two moves also will add a considerable amount of square footage to the downtown office market that could be further boosted with the possible sale of the 63,000-square-foot building occupied by South Bend Community School Corp., at 215 S. Dr. Martin Luther King Jr. Blvd.

    In its latest market report for the second half of the year, Bradley Co. said the office market in St. Joseph County is experiencing a significant level of turnover which is driving up vacancy rates.

    The firm said the office vacancy rate was 9.4% in the third quarter compared to 8.5% in the same period last year and that the office market within St. Joseph County is experiencing a significant level of turnover, which is driving up vacancy rates.

    The commercial real estate firm said space that has been vacated has remained empty for extended periods, especially larger spaces beyond 5,000 square feet, and that there already is about 20,000 square feet of vacant space in Leighton Plaza, more than 10,000 square feet in the Holladay building, more than 60,000 square feet in Jefferson Centre and about 8,000 square feet available in the Key Bank Building.

    And thats without the additional space that could added by the Barnes & Thornburg and Press Ganey moves, the possible sale of the school districts administrative building and the potential redevelopment of the former South Bend Tribune building.

    John Jessen, a vice president at Bradley, said the Pete Buttigieg presidential campaign also is occupying a good amount of downtown office space that eventually wont be needed no matter the outcome of the race for the White House.

    We need a new user that can gobble up a floor or even a building, he said.

    Until that happens, there will likely be price pressure on downtown office space, especially larger offices and those that need to be upgraded. The market will favor those who are potentially interested in moving downtown or relocating to a different space, Jessen said.

    Any building that has obsolescence and an owner that doesnt see the need for upgrades is going to have challenges, said Jessen, adding that owners also should do their homework before planning investments.

    Despite the potential challenges, Jessen and others pointed out the investment in new office space is the first in about 20 years in the downtown area and that the market is vibrant with more people and businesses deciding to locate near the heart of the city.

    Its hard to argue that there havent been positive improvements that have made downtown a desirable place to be, said Ed Bradley, senior vice president at Cressy Commercial Real Estate. And that impacts whether we see the additional office space as an opportunity or a threat.

    Some of the space might have to be divided or redeveloped but eventually it will find its best use, said Bradley, pointing out there also is likely a year or more before the space now occupied by Barnes & Thornburg and Press Ganey even becomes available.

    The next thing is still to be determined, Bradley said. Though there are vacancies being created by these decisions, there will opportunities created.

    That might not have been the case 10 years ago, but today there is a sizable amount of investment going on throughout the downtown, said Bradley, adding that the Buttigieg campaign has put a positive spotlight on the city.

    Developer David Matthews, who is building a 10-story building in the East Bank area adjacent to the Commerce Center, said he believes a key to the ongoing revitalization effort is getting more people to move downtown.

    Some of those people might be decision makers who want their offices closer to where they live, said Matthews. Though there could be a short-term problem with too much office space, he too believes the issue will eventually work itself out.

    Id have a different opinion if businesses were leaving, Matthews said. But more people and businesses are choosing to be here.

    Dan Buckenmeyer, director of business development in the citys Department of Community Investment, said the potential for excess space is the result of the first significant investments in office buildings in decades.

    The city will continue to work with local businesses to help them expand and grow here, Buckenmeyer said.

    And similar to how Press Ganey was born here, perhaps the next tenant in downtown will be another venture that is being developed at innovation centers at Notre Dame and other places, he said.

    Besides getting its staff under one roof, the relocation to Ignition Park gives Press Ganey the technology infrastructure needed to support a data-driven company.

    This is an absolute long-term commitment to South Bend, said Joe Greskoviak, CEO of the company. This gives us the space we need to grow into the future.

    See the article here:
    Office buildings under construction in South Bend, but what about turnover and vacancies? - South Bend Tribune

    Construction firm buys Westborough office property for $2.8M – Worcester Business Journal - December 19, 2019 by Mr HomeBuilder

    A series of small commercial buildings on a 36-acre site in Westborough have sold for $2.75 million to the owner of Triboro Crane & Rigging Services, which has moved to the property.

    The site at 29 Research Drive is home to 14,000- and 11,000-square-foot buildings, and two much smaller structures, on a sprawling property behind the headquarters building for BJ's Wholesale Club.

    Ferris Development of Marlborough sold the site to Triboro Real Estate, an entity registered to Lawrence Cedrone Jr. of Upton. The sale closed Nov. 20.

    Cedrone is the owner of Triboro Crane & Rigging Services, which was founded in 2008 and provides various construction services. The company was based in Shrewsbury, but the address on its website has been changed to 29 Research Drive.

    The property last sold in 2015 for $750,000. It was last assessed at $1 million.

    Ferris Development is the owner of multiple office properties in Westborough, Southborough, Northborough and Marlborough, including the former offices of biotech giant Sanofi/Genzyme at 1 Research Drive in Westborough.

    See original here:
    Construction firm buys Westborough office property for $2.8M - Worcester Business Journal

    « old entrysnew entrys »



    Page 31«..1020..30313233..4050..»


    Recent Posts