New nine-story office building with public plaza is complete in Va. Square ARLnow
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New nine-story office building with public plaza is complete in Va. Square - ARLnow
New nine-story office building with public plaza is complete in Va. Square ARLnow
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New nine-story office building with public plaza is complete in Va. Square - ARLnow
OMB says agencies will shed considerable amount of office space in coming years Federal News Network
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OMB says agencies will shed considerable amount of office space in coming years - Federal News Network
Downtown Toronto office vacancies exceed suburban areas for the first time Daily Commercial News
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Downtown Toronto office vacancies exceed suburban areas for the first time - Daily Commercial News
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In 2021, MVRDV unveiled the design of a terraced office building created for the agriculture company Lankuaikei. Set within a rapidly developing area of Shanghai, the 11-storey structure is covered by a curved technological roof that follows the stepping structure. The project is conceived as a showcase of the company's vision of food production, with an extensive sustainability agenda encompassing various strategies. These include extensive use of greenery, integration of renewable energy, and the use of low-carbon materials. The construction process is now captured by StudioSZ Photo / Justin Szeremeta, revealing an intermediary state where the bare-bone structure begins to reveal the shape and scale of the building. Structural construction details are also visible at this stage,
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The project's terraces step down towards the main pedestrian entrance and include a publicly accessible route to the top of the building where LAD can showcase its work. Inside, the building contains offices, labs, and co-working spaces, as well as an auditorium and exhibition spaces. On the ground floor's perimeter are small retail outlets, together with three entrances, two of which are linked by an exhibition space. The underground levels contain parking and a canteen, with the green focus extending here as well through voids that allow light and fresh air to enter the space.
Incorporating sustainability into every surface of a building is an interesting challenge for an architect, and it's one that, as a design team, we embraced whole-heartedly. This approach is not just good for the planet, it will also be appreciated by the users of the offices, who will be able to enjoy the pleasant working environment offered by the terraces." - MVRDV founding partner Jacob van Rijs
The project is set to be highly sustainable, addressing a wide variety of challenges through a combination of high-tech and low-tech solutions. Carefully selected materials ensure that the design will embody 40% less than typical construction, while natural ventilation and shading strategies reduce energy requirements. The roof is designed to feature solar panels to the south while remaining permeable on the northern side of the building, filtering the sunlight and allowing rain to reach the terraces. The faade is an arrangement of solar panels and glass angled to create optimal interior conditions. The harvest of solar energy will make the design almost energy-neutral.
Client: Lankuaikei Agriculture Development Size and Programme: 18,900m2 Founding Partner in charge: Jacob van Rijs Partner: Frans de Witte Design Team: Fedor Bron, Fouad Addou, Li Li, Aneta Rymsza, Nicolas Garin Odriozola, Alberto Canton, Anna Brockhoff Director MVRDV Asia: Steven Smit Sustainability consultant: Peter Mensinga Visualisations: Antonio Luca Coco, Luca Piattelli, Angelo La Delfa, Luana La Martina Co-architect: ECADI Energy consultant: Buro Happold
Editor's Note: This article was originally written by Andreea Cutieru, and published on July 02, 2021. The article was updated on May 24, 2024.
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MVRDV Reveals Construction Progress of the Terraced LAD Headquarters in Shanghai - ArchDaily
Food and beverage services company Nestl will be the lead tenant for a new four-story office and retail building under construction in Rogers Pinnacle Hills area called The Visionary. Project officials and city leaders gathered at 3800 S. J.B. Hunt Drive across from Topgolf for a ceremonial groundbreaking on May 7.
A limited liability company controlled by Hunt Ventures in Rogers, led by billionaire developer and philanthropist Johnelle Hunt, is the property owner (3.18 acres) and building owner. Cushman & Wakefield/Sage Partners in Rogers will be the buildings property manager and leasing agent. Regions Bank is financing the construction.
Tom Allen, president of Cushman & Wakefield/Sage Partners, said the building will have approximately 195,000 square feet of leasable space. He represented the property owner in the Nestle lease. Wade Smith and Rick Kingery with Colliers Arkansas represented Nestl.
Crossland Construction is the builder, Core Architects is the design firm and Crafton Tull is the civil engineer. The construction is tentatively planned to be completed by the summer of 2026.
Allen said that most of the buildings leasable space, just under 160,000 square feet, will be on the top two floors. Nestl is leasing most of the fourth floor and, as the lead tenant, will have exterior signage on the building faade. The fourth floor will also include a dog park that is exclusive to Nestl for its pet food division.
The first two floors will have some leasable space for office or retail use but will primarily be a parking garage with 330 spaces. A handful of parking spaces will also be available along South J.B. Hunt Drive.
Other building amenities for tenants include a pickleball court and a large conference center.
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Construction begins on 4-story office building in Rogers' Pinnacle Hills area - talkbusiness.net
A combination of office and retail will get underway later this year at Fields West, part of the sweeping mixed-use Fields development in Frisco.
More than 445,000 square feet of office and retail space spread across two buildings featuring two floors of office with ground-floor retail and two stand-alone retail buildings have a construction start date set for November.
Three parking garages, also set to commence construction in November, will service the new structures.
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A construction cost of nearly $40 million comes along with the office and retail buildings, while the parking garages will total over $52 million.
Gensler is the design firm listed on the associated filings submitted to the Texas Department of Licensing and Regulation.
Fields West is using a three-sequence building process for the phase. The first sequence is set to start construction in July, while the above work marks the second sequence. The third is earmarked to commence next summer. Completion for all three sequences within the first phase of Fields West is set to occur between June 2026 and April 2027.
Earlier this week, Dallas-based Trammell Crow Company, a wholly owned subsidiary of CBRE Group, Inc., announced that it had joined the Fields West development to spearhead office opportunities across 47 acres.
The offices in the TDLR filings are not part of Trammell Crows new effort.
Fields Wests ownership includes Karahan Companies, Hunt Realty Investments, Chief Partners and Crosstie Capital.
Located at Dallas North Tollway and Panther Creek Parkway, the first phase of Fields West will span 365,000 square feet of open-air retail, restaurant and entertainment space, 1,200 residences, 375 hotel rooms and 325,000 square feet of office space.
The 2,500-acre Fields development already houses the headquarters for PGA of America and will eventually have a Universal Kids Resort.
Dallas City Council on Wednesday approved an increase to the minimum investment required for the Reimagine RedBird Mall Redevelopment Project.
Carrollton job losses are permanent, but Walmart said it believes many tech employees will relocate instead of being terminated.
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Office, retail at Friscos Fields West slated for construction later this year - The Dallas Morning News
If theres a New York Yankees of advertising in the Lehigh Valley, it must be L-A Advertising of South Whitehall Township.
The veteran ad agency, winning Agency of the Year, took nine out of a possible 10 awards at the International Association of Business Communicators dinner at the Holiday Inn Conference Center in Fogelsville on Thursday.
As the Yankees learned against Phoenix last season, L-A found out it couldnt take them all. Cheldin Barlatt, Madie won for external publications.
The Lehigh Valley Chapter of the association was founded in 1977 and consists of members working in various communications fields. Involved, among others, are Just Born, the Lehigh Valley Economic Development Corp. and the Girl Scouts-Great Valley Council.
L-A won for the written word, design and layout, photography-illustration, audiovisuals, annual reports, marketing communications and communications campaign.
The International Initiative of the Year award was presented to L-A and Bethlehem Steel for their work on the steelmakers Web site.
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Former Martin Tower site construction begins on two medical office building | PHOTOS - The Morning Call
The Minnesota Legislature is considering borrowing $8.5 million to renovate the pedestrian tunnel that connects the Capitol and the State Office Building which houses the offices of the 134 members of the House and some widely used committee rooms to make it compliant with the federal Americans with Disabilities Act.
The current slope has a grade of over 10.5%, which exceeds the ADAs permitted grade of 8.3%.
The Department of Administrations bonding request cites the tunnels steep slope, which makes traversing the Capitol campus virtually impossible for people with disabilities without a powered wheelchair, especially during the winter months.
This cost is on top of the $454 million Minnesota borrowed last year before interest to fund the State Office Buildings renovation, which is underway and scheduled to be completed in time for the start of the 2027 legislative session.
The tunnel renovation includes construction of a new 15-by-85 foot section adjacent to the existing tunnel. This new section will include an ADA-compliant slope and a new elevator that will assist pedestrians between the new ADA-compliant tunnel and the basement of the Capitol building.
In 2021, lawmakers created an account to fund the renovation of the State Office Building, but the statutory language did not include renovation of the tunnel. Therefore, the tunnel renovation needs to be approved separately.
House Majority Leader Jamie Long, DFL-Minneapolis, said it was probably an oversight for lawmakers to omit the tunnel from the State Office Building renovation.
Long said that his colleagues many times over the years had to push former Rep. Rod Hamilton, R-Mountain Lake, up the tunnels steep slope in his wheelchair so he could make it to the House chamber for votes.
Long also said hes invited family members to tour the State Office Building and the Capitol, but some had difficulty making it up the tunnels steep slope. They had to stop and catch their breath multiple times, he said.
It was a real barrier for them to be able to participate fully in what the Capitol complex has to offer, so I think it is a really key accessibility point to get into the Capitol building, Long said.
Wayne Waslaski, assistant commissioner with the Department of Administration, said renovating the tunnel now construction would begin in August aligns with completion of the State Office Building renovation.
The tunnel is currently closed, as its being rerouted to connect with the State Office Buildings new addition. Minnesota House members and the public must walk outside and cross the street to access the Capitol and vice versa.
In December 2022, former Rep. Kurt Daudt, R-Crown, during the committee hearing that gave final legislative approval to the State Office Building renovation, said he had helped push even motorized wheelchairs up the slope near the Capitol.
Then House Majority Leader Ryan Winkler during the hearing said that lawmakers tried to include the tunnel renovation in with the State Office Building project, but they were told it wasnt within the projects scope of authority.
I think it was an oversight of ours, probably, not to include (the tunnel) when we did the Capitol building, Daudt said during the hearing. The Capitol renovation was completed in 2017.
House Minority Leader Lisa Demuth, R-Cold Spring, recently referenced the $8.5 million renovation to the tunnel as another example of Democrats wasteful spending, arguing it should have been included in the State Office Building renovation.
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MN lawmakers consider $8.5 million renovation to tunnel connecting State Office Building, Capitol Minnesota Reformer - Minnesota Reformer
Data at a Glance:
Healthcare expenditure made up 16.6% of United States GDP in 2023, totaling over $4.5 trillion. This represents the largest share out of GDP worldwide, even as U.S. healthcare volume is estimated to increase a further 10% by 2027. Consequently, it comes as no surprise that medical office buildings remain a niche yet resilient commercial real estate asset even amid difficult capital conditions.
Looking to draw a bottom line when it comes to the medical office building (MOB) market in yet another transformative year, CommercialSearch compiled current inventories and construction pipelines of medical office buildings larger than 25,000 square feet nationally. Using that data, we then analyzed the state of the industry from the following perspectives:
Medical offices are commonly touted as a recession-proof investment thanks to increasing demand for healthcare and very low tenant turnover. At the same time, speculative medical office development by REITs and institutional investors is rare, and demand for new construction is mostly tenant-driven. The result is evident in the amount of medical office space currently being developed, with no market exceeding 1 million square feet under construction. Still, three markets New Jersey, Houston and Miami came close to the 1 million mark, being home to the most medical space underway by a large margin.
New Jersey is home to the largest medical office building pipeline with 964,500 square feet, narrowly surpassing Houston to take the crown. The square footage underway in the Garden States MOB market will increase its total inventory by 5.3%, making it one of the fastest-growing markets nationwide. The state is home to over 2,000 licensed hospitals, nursing homes and medical care facilities, with almost 500,000 people being employed in the healthcare industry, making it a significant healthcare hub on the East Coast and justifying the markets considerable medical office pipeline.
At #2, Houston currently has 963,000 square feet of medical office buildings currently under construction, narrowly missing first place by 1,000 square feet. Once completed, these facilities will increase the markets inventory by around 3.1%. This points to the fact that medical properties in the metro are experiencing a period of accelerated growth, since MOB deliveries in 2023 also added another 3.3% of inventory after several years of sub-2% growth. Of course, healthcare plays a key role in Houstons economy, providing an estimated 12% of the metros employment. In fact, the Texas Medical Center alone the worlds largest medical complex cares for over 10 million patients a year.
Closing out the podium at #3, Miami is the fastest-growing MOB market in the top 10 except for Madison, with the 960,000 square feet of space under construction here marking a future 11.9% in the markets inventory. Being home to a surging population and one of the top retirement destinations in the U.S., the Miami healthcare industry is scrambling to keep up, best evidenced in the rapid growth of medical offices here. One area particularly benefiting from the growth is the Health District, home to a large concentration of medical facilities as well as the University of Miamis Miller School of Medicine. Additionally, the metros many healthcare and life sciences startups further stand to support Miamis large healthcare and medical tourism industries.
Back in Texas, Dallas currently has 560,000 square feet of space currently under development, granting it fourth place on the list of fastest-growing markets for medical space. While Houston is likely the first Texas healthcare hub that comes to mind when healthcare is the subject, the Metroplex is certainly not to be ignored. DFW is home to a healthcare industry that makes up 15% of its annual GDP according to the Dallas Regional Chamber, making it an industry centerpiece within the Texas Triangle and one of the major healthcare centers of the South.
Meanwhile, Los Angeles currently the largest medical office market nationally is set to add the fifth-most inventory with 530,000 square feet across just two properties larger than 25,000 square feet. The relatively slower growth of MOB construction in Los Angeles compared to the three top markets can be attributed to factors such as the markets greater fragmentation, with medical facilities being spread across Greater LAs numerous cities rather than concentrating in medical centers. At the same time, LA also faces less medical office supply pressure than other markets in conjunction with slower population growth.
While Los Angeles remains the largest market by medical office inventory nationwide, development over the last 10 years highlights a potential reversal as the two highest-volume Texas markets are rapidly catching up. See the graph below for the growth of the largest medical office markets in the U.S. by current inventory over the last 10 years:
Looking at 10-year trends for the nations largest medical markets, there are several clear winners. First and foremost, Houston was home to the largest boost of medical office space with 4.9 million added between 2014 and 2023. This brings the markets total to 31.1 million square feet, just 6 million behind Los Angeles total inventory. The disparity in construction between the nations two largest medical markets means that the gap is much lower compared to 10 years ago, when Houston totaled 26 million square feet compared to LAs 35 million.
Not far behind Houston, Dallas-Fort Worth had an almost equal level healthcare property construction in the same time period with 4.75 million square feet in total. After overtaking Chicagos inventory in 2017, lagging construction in 2023 and a comparatively smaller current pipeline means that the Metroplex remains slightly behind its fellow Texas entry in terms of total inventory.
Up next, Atlanta added 3.8 million square feet of medical office space in the last decade, resulting in market growth exceeding 20% helped by the markets relatively smaller size, marking the fastest 10-year growth out of all 10 largest MOB markets. Home to health organizations including the CDC and the Carter Center, Atlanta is also experiencing a temporary hike in demand for medical space due to the late 2022 closure of Atlanta Medical Center.
Chicago medical office developments between 2014-2023 totaled 3.5 million square feet of space, making for a growth of 13.7% in that period. The city is a major healthcare hub, being home to multiple academic medical centers and close to 100 hospitals. However, the brain drain experienced by the Chicago healthcare industry since the pandemic is still affecting accessibility to care as well as appetite for new investments in developing further properties.
In the last decade, Philadelphia saw just under 3 million square feet of space in medical office buildings delivered, marking the fifth-largest increase by square footage as well as the fourth-largest percentage growth out of the 10 largest markets nationwide. Home to a robust healthcare sector, Philly also benefits from the positive influence of innovative startups in the field such as AI-powered pathology platform Proscia and mental health software developer NeuroFlow.
Recently, the trend in the medical office industry was toward increased consolidation of medical services. To that end, medical providers attempt to offer a retailized medical service experience, adding more medical facilities within the same building or complex. The consequence of this change is a shift to construction of outpatient facilities spanning hundreds of thousands of square feet.
At 469,000 square feet, UW Healths Eastpark Medical Center in Madison the citys only MOB larger than 25,000 square feet currently underway is the fruit of these aforementioned trends in MOB development. Aiming to offer patients the opportunity to see various providers during the same visit, this seven-story outpatient facility will house facilities pertaining to adult oncology, womens specialty care and numerous other specialty clinics, as well as laboratory services and advanced imaging. When it opens in Q3 this year, patients will benefit from advanced proton cancer treatment, innovative upright treatment technologies and more.
Meanwhile, standing at 462,000 square feet, Philadelphias only medical facility larger than 25,000 square feet scheduled for delivery this year the Honickman Center spans 20 stories of state-of-the-art medical office space, home to several specialty programs including cancer and respiratory care, gastroenterology and more. Intended as Jefferson Healths flagship medical building in Philadelphias Center City, the facility will bring prime healthcare to the heart of Philadelphia.
The next two largest properties have already opened their doors to patients in early 2024. The first is Wellness Way in metro Albany, N.Y., the new, 263,000-square-foot home of multispecialty medical group Community Care Physicians. With 22 specialties including audiology, pediatrics and dermatology and 142 specialty providers, the new facility aims to offer a comprehensive patient experience for Albany County residents.
Additionally, NYU Langone opened a new ambulatory care facility at 1111 Franklin Ave. in Garden City, Long Island, totaling 260,000 square feet and 32 clinical specialties. The property was previously a Bloomingdales and Sears building which has now been converted into a state-of-the-art medical facility with a capacity of 400,000 patients per year. Conversions to medical offices have picked up in recent years especially in areas with scarce developable land. Besides full-building conversions, individual office spaces are also being converted into medical space as office building owners try to prop up occupancies.
The largest MOB to be completed in Houston in 2024 is Kelsey-Sebold Clinics development at 8303 North Sam Houston Pkwy. East, totaling 256,000 square feet and making it this years fifth-largest completion nationwide. The company one of metro Houstons largest multispecialty practices invested a reported $77.5 million in the facility which is scheduled to open its doors around August this year.
Besides fifth-place 8303 North Sam Houston Pkwy. East, Houston was the site of five more of the 20 largest medical facilities set to open in 2024. These included (1) Building 3 of Memorial Hermann Sugar Land Medical Plaza; (2) Building 2 of the Kelsey-Seybold Fort Bend Clinic; (3) the Kelsey Sebold Clear Lake Ambulatory Surgery Center and (4) the 1715 Project. One additional Texas entry made it among the top 20 largest MOB completions this year: UT Health at Kyle Seale Parkway in San Antonio at #19.
Florida boasted the second-most properties among the 20 largest with three, while New York state was home to an additional 2.
Looking at the largest properties completed last year, the Joan & Paul Rubschlager Building took home the title, standing at a total of 487,600 square feet. Home to the Rush Cancer Center, Chicagos newest location for cancer, neuroscience and digestive diseases care, the $450 million facility opened in early 2023. Up next were the OQuinn Medical Tower in Houston and the James Outpatient Care and Proton Therapy Center in Columbus. See the table below for the remaining largest 2023 MOB completions.
All property and market data courtesy of CommercialEdge. Individual building data and market stats were extracted on February 8, 2024 and is subject to change. For the purposes of data accuracy, only medical office buildings or mixed-use buildings containing medical office space larger than 25,000 square feet were included.
The list of largest medical office building completions in 2024 includes properties that have already been completed as of the publication of this article. While CommercialEdge attempts to ensure the accuracy of projected completion dates, final completion and opening dates may differ.
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Medical Office Building Report | CommercialSearch - CommercialSearch
An entrance to the Capitol - State Office Building tunnel as seen on March 4, 2024. This entrance is where the steep slope descending into the tunnel begins. Photo by Michelle Griffith/Minnesota Reformer.
The Minnesota Legislature is considering borrowing $8.5 million to renovate the pedestrian tunnel that connects the Capitol and the State Office Building which houses the offices of the 134 members of the House and some widely used committee rooms to make it compliant with the federal Americans with Disabilities Act.
The current slope has a grade of over 10.5%, which exceeds the ADAs permitted grade of 8.3%.
The Department of Administrations bonding request cites the tunnels steep slope, which makes traversing the Capitol campus virtually impossible for people with disabilities without a powered wheelchair, especially during the winter months.
The Capitol-State Office Building tunnel slope. It has a grade of over 10.5%, which exceeds The Americans with Disabilities Acts permitted grade of 8.3%. Photo courtesy of the Department of Administration.
This cost is on top of the $454 million Minnesota borrowed last year before interest to fund the State Office Buildings renovation, which is underway and scheduled to be completed in time for the start of the 2027 legislative session.
The tunnel renovation includes construction of a new 15-by-85 foot section adjacent to the existing tunnel. This new section will include an ADA-compliant slope and a new elevator that will assist pedestrians between the new ADA-compliant tunnel and the basement of the Capitol building.
In 2021, lawmakers created an account to fund the renovation of the State Office Building, but the statutory language did not include renovation of the tunnel. Therefore, the tunnel renovation needs to be approved separately.
House Majority Leader Jamie Long, DFL-Minneapolis, said it was probably an oversight for lawmakers to omit the tunnel from the State Office Building renovation.
Long said that his colleagues many times over the years had to push former Rep. Rod Hamilton, R-Mountain Lake, up the tunnels steep slope in his wheelchair so he could make it to the House chamber for votes.
Long also said hes invited family members to tour the State Office Building and the Capitol, but some had difficulty making it up the tunnels steep slope. They had to stop and catch their breath multiple times, he said.
It was a real barrier for them to be able to participate fully in what the Capitol complex has to offer, so I think it is a really key accessibility point to get into the Capitol building, Long said.
Wayne Waslaski, assistant commissioner with the Department of Administration, said renovating the tunnel now construction would begin in August aligns with completion of the State Office Building renovation.
The tunnel is currently closed, as its being rerouted to connect with the State Office Buildings new addition. Minnesota House members and the public must walk outside and cross the street to access the Capitol and vice versa.
In December 2022, former Rep. Kurt Daudt, R-Crown, during the committee hearing that gave final legislative approval to the State Office Building renovation, said he had helped push even motorized wheelchairs up the slope near the Capitol.
Then House Majority Leader Ryan Winkler during the hearing said that lawmakers tried to include the tunnel renovation in with the State Office Building project, but they were told it wasnt within the projects scope of authority.
I think it was an oversight of ours, probably, not to include (the tunnel) when we did the Capitol building, Daudt said during the hearing. The Capitol renovation was completed in 2017.
House Minority Leader Lisa Demuth, R-Cold Spring, recently referenced the $8.5 million renovation to the tunnel as another example of Democrats wasteful spending, arguing it should have been included in the State Office Building renovation.
The post MN lawmakers consider $8.5 million renovation to tunnel connecting State Office Building, Capitol appeared first on Minnesota Reformer.
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MN lawmakers consider $8.5 million renovation to tunnel connecting State Office Building, Capitol - Voice Of Alexandria