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Plans for a 700-space parking garage on downtowns south end could launch a larger development that would include the construction of two new office buildings.
The five-story parking garage project has been proposed for 108 E. McCarty St., on a narrow surface lot bordered by Madison Avenue and South Pennsylvania Street about a block west of the Eli Lilly and Co. campus.
A group of investors that includes John Hurley, CEO of software firm SmartFile, has filed plans with the city to construct the garage. The Regional Center Hearing Examiner is set to hear the proposal March 9.
Hurley didnt respond to an email seeking comment. Steve Alexander, a principal of Prince/Alexander Architects Inc., which is headquartered near the site, at 21 W. Merrill St., is the architect on the project. He said plans for the property have been designed to accommodate two additional structures in addition to the parking garage.
The first would be a 100,000-square-foot office building ranging in height from eight to 12 stories.
If that fills up fairly quickly, a second office building could follow, Alexander said. Or it could be a hotel; the developer is analyzing that.
The office buildings could help meet growing demand from local startup tech companies seeking short-term space while theyre in growth mode.
Hurley at SmartFile is helping to lead the effort. His investor group has spent more than $10 million to create The Union, a for-profit venture that opened in January. It is based in a 122,000-square-foot building at 525 S. Meridian St., not far from Lucas Oil Stadium.
The 121-year-old downtown propertywhich is known as the Brougher Building and once housed Harry E. Wood High Schoolwas already 90 percent leased in November, Hurley told IBJ at the time. SmartFile moved in late last month.
The Union courts high-growth tech firms that are past the startup phase but still aren't quite sure how much space they'll need in five years. It offers short-term leases in increments of 5,000 square feet that users can adjust as needs change.
Any newly constructed office building on the site where the parking garage is set to be built will follow that model, Alexander said.
Its absolutely about tech, Alexander said.
If the plans for the office buildings come to fruition, the south side of downtown could be poised for a construction boom.
Illinois-based Hillcrest Development Inc. finally is ready to break ground in April on a $17 million, 146-room extended stay TownePlace Suites by Marriott hotel two blocks east of Lucas Oil Stadium.
Alexander, who also is the architect on that project, said it should be finished in late summer 2018.
Hillcrest received its first approvals from the city in July 2015. The five-story hotel would be south of Merrill Street and between Russell Avenue and South Meridian Street as they come to a point.
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Downtown's south end poised for construction projects - Indianapolis Business Journal
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Courtesy: Pelli Clark Pelli Architects A rendering of Rockrose and Spitzer's Alexander Court redevelopment at 2001 K St. and 2101 L St. NW
Rockrose Development and Spitzer Enterprises have landed another major tenant for the JV's CBD redevelopment project,Alexander Court.
Akin Gump will occupy the top four floors at the north building, 2000 L St. NW. The 185k SF lease will beginin 2019, after the firm moves out of its 212kSF spreadat Boston Properties' 1333 New Hampshire Ave. NW. Avison Youngbrokered the deal for the landlord while CBRErepresented the law firm.
Rockrose bought the 2000 L St. building in 2013 and, together with former New York Gov. Eliot Spitzer, is combining it with 2001 K St. NW to createan 800k SF trophy office building. The buildings will be connected with a 12-story atrium and will have access to a rooftop terrace and 7,500 SF fitness center. The building is set to deliver by the end of the year, Rockrose director Ted Traum said.
The JV landed its first new tenantlast summer when Cornerstone Research signed for 43k SF in the L Street building. Paul, Weiss alsorenewed its lease in the K Street buildinglast summer and expanded from 51k SF to 62k SF. The K Street building is nearly fullly occupied while the L Street sidestill has roughly 175kSF left to lease after signing Akin Gump. Traum said the Akin Gump lease gives the project significant momentum, and he has received interest from other potential tenants.
"It validates the project and indicates how well it's being received in the market," Traum said. "Akin Gump is a large tenant that really had their pick of the litter in terms of all the available product. The fact that they selected us speaks to how well its being received in market and how people appreciate the quality of the architecture and amenities."
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Akin Gump Relocating To 185k SF At Under-Construction Alexander ... - Bisnow
The Kettering Health Network plans to build a medical office building on the site of a former car wash in West Carrollton.
Mike Lucking, city ecomonic development director, said, "The city is thrilled to announce that a Kettering Health Network facility will be coming to our community."
In a prepared statement released tonight, Lucking and City Manager Brad Townsend said the health network is expected to take ownership of a 3.84 acre property at 744 E. Dixie Drive, the site of the former SOnny's Auto Spa, later this year.
"This will be a substantial investment, not only to our local tax base, but also toward the health and well-bring of our community," Townsend said in the statement.
The medical office building is to include physician practices and outpatient services.
The construction timetable and cost have not yet been determined.
We are looking forward to expanding our services into West Carrollton and being an active member of the community, said Fred Manchur, Kettering Health Network CEO.
Everything we do as a faith-based health system centers on how to best care for the patient. Part of that care includes connecting people to better and faster access to quality health care. The medical office building will do just that. We are happy to collaborate with the city and county to redevelop the land.
Demolition is expected to be complete by mid-summer on the underground storage tanks and building that has been empty since August 2012. The Montgomery County Land Bank acquired the property from Sonnys LLC in December 2016.
The city plans to use approximately $176,800 in Community Development Block Grant funding and National Stabilization Program funds. Both sources are from the U.S. Department of Housing and Urban Development and filtered through Montgomery County.
We appreciate the partnership by Montgomery County and the Land Bank to help clean up a property that has become an eyesore in our community, Townsend said. The city is committed to fostering new economic development in our city by doing everything we can to limit the high costs of demolishing outdated structures and preparing land for future redevelopment, he said
The citys planning and building department will coordinate the bids for demolition contractors which is expected to be a two phase process that starts in April.
A demolition kickoff event, involving all community partners, will be announced when the schedule has been finalized.
Stay with whio.com for breaking news and news updates.
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Kettering Health Network plans medical office building in W. Carrollton - WHIO
Attorney Spencer Calahan is planning to build a new office in downtown Baton Rouge. (Rendering by GraceHebert Architects)
Spencer Calahan has begun work to build a new five-story office building in downtown Baton Rouge near the Pastime Restaurant at 252 South Blvd. that will cost the attorney between $8.5 million and $9 million.
GraceHebert Architects is designing the building, which will be located at the corner of South Boulevard and St. Louis Street. There will be two levels of parking, three levels of offices and a helicopter pad on the roof.We want something classy, we want something tasteful, Calahan said at this mornings Downtown Development District meeting.
Work crews have already started demolishing a number of aging houses on the site, and construction of the building is set to begin this summer. Calahan expects the building to be completed about 14 months after ground is broken.
Daily Report has the full story.
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Baton Rouge attorney Spencer Calahan planning $8.5M downtown office building - Greater Baton Rouge Business Report
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Photo: Contributed Photo / Contributed Photo
Five Guys, Verizon among new tenants proposed for Oxford's Quarry Walk development.
Five Guys, Verizon among new tenants proposed for Oxford's Quarry Walk development.
A medical office building, to include offices for Griffin Hospital, is expected to be completed in the fall of 2017 at Oxford's Quarry Walk development.
A medical office building, to include offices for Griffin Hospital, is expected to be completed in the fall of 2017 at Oxford's Quarry Walk development.
Five Guys, day care provider proposed for Oxfords Quarry Walk
OXFORD Last year, signs advertised the opening of a hardware store, supermarket, bank and other tenants at the Oxford Towne Center/Quarry Walk development. Now, signs note the upcoming construction of a new medical office building to be occupied in part by Griffin Hospital.
But most town residents have been patiently and some not so patiently waiting for the first signs of a restaurant in the development.
The wait is nearly over.
Zoning officials last week were presented plans for several new buildings directly along Route 67, to the right of the Newtown Savings Bank branch, including a stand-alone structure containing a Five Guys restaurant. That building will be connected through a patio to a retail building with three storefronts, with Verizon Wireless the first tenant announced for that structure.
A separate building to be constructed further in, to the left of anchor tenant Market 32, a brand of Price Chopper, will be home to Educational Playcare, a daycare provider with 13 other locations in the state.
So far were really happy with the progress, said First Selectman George Temple, of the $70 million development. I think theyre having a great deal of success with marketing.
Kathy Ekstrom, development manager for Haynes Development, said the developer has been searching for eateries and retail tenants for some time, with the goal of finding tenants that would not only attract new customers to the area but would also provide an element of stability.
Five Guys and Verizon people will drive to Quarry Walk for both of these tenants, she said. They are two highly identifiable national brands right here on (Route) 67.
Ekstrom said Haynes is hoping for a mix of not just retail, but food options as well. We would love to get an Asian bistro, she said. We think Oxford has the demand for it. We want that mix.
The first Quarry Walk tenants the market, bank, a Goodwill store, Ace Hardware and Dollar Tree opened their doors last year. This year, Ekstrom said Haynes is also planning to break ground on a 30,000-square-foot medical office building and 30 to 60 condo-style apartments.
Ekstrom said Haynes has seen a demand for the 20,000 square feet of the office building that wont be occupied by Griffin Hospital. She said the developer is being cautious with its tenant choice because it wants to provide a variety of offerings and make the development a one-stop shop for Oxford residents and those in surrounding towns.
Sometimes were intentionally a little slower on tenant acquisitions, she said. We want to make sure the businesses we put in there are going to help Quarry Walk be successful.
Ekstrom said this is why, despite the considerable interest from smaller providers, Haynes chose Educational Playcare as the centers day care provider, which will have capacity for roughly 200 children.
Their vision for how theyre going to utilize that area was too good to pass up, said Gerry Pastor, who along with his wife, Jane Porterfield, owns the daycare center. We just wanted to be a part of it.
Ekstrom said the daycare provider will likely benefit from the opening of each new store and the medical office building, for which construction will begin in the next several months.
Educational Playcare should open by August, with the medical office building, apartments, restaurant and Verizon store to open by fall.
The Planning and Zoning Commission will next meet Feb. 21.
ktorres@hearstmediact.com; 203-330-6227
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Five Guys, day care provider proposed for Oxford's Quarry Walk - CT Post
BENTON The Franklin County Board is moving on several key projects this month.
During a special meeting Jan. 31, the board approved an ordinance that would allow them to move forward with the financing of the $550,000 Campbell Building remodel. The remodel of this building is being done to move the offices of the Regional Superintendent of Schools, Supervisor of Assessment, the Election office and the County Board to the Campbell Building from the Franklin County Annex Building.
County Board President Randall Crocker said construction on the project began last week and he hopes it will be completed by April 15. At the very least, Crocker said he hopes for the offices to be moved by May 1.
The board has also begun visiting public meetings throughout the county to discuss the need to replace their 140-year-old courthouse and to promote the added sales tax that will pay for it. This will be on the ballot during Aprils election. The proposed measure would increase sales tax by one percent and would last for 20 years. The funds collected would pay for the new courthouse construction.
Crocker said he has personally attended one meeting so far. It was with the Franklin County Farm Bureau.
It was excellent, Crocker said. Im not saying they were all for it, but they certainly wasnt questioning the motives or the need.
He said the Farm Bureau will be sponsoring a meeting March 7 at the Benton Civic Center.
Crocker said he gets two primary questions when talking with people about the courthouse proposal what is going to be done with the old courthouse and where will the new one go? He said the primary thing is is wanting to get across to people is simple.
The No. 1 thing I want them to understand is the county will not keep [the old building], Crocker said. We cant. We dont have any need for it. We cant afford to keep it.
This leaves the options of selling the building, which Crocker said would have to take place in the construction period, or tearing it down. Crocker did say he has had one party show interest in purchasing the building should it come up for sale, but said it was too early to say who.
As to where the new location would be, Crocker had two places specifically in mind. One location is a block south of the existing courthouse and the other would be next to the jail on East Main. He said the jail location is attractive because it already owned by the county, and it would be easy to transport prisoners to and from court.
However, Crocker said he questions whether or not there would be enough room for all the needs of the new courthouse.
Crocker said his primary concern is wanting the new courthouse to be easily accessible and should the resolution pass this April, he wants the public to weigh in on where they think the new courthouse should be located.
Isaac.Smith@thesouthern.com
618-529-5823
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Construction begins on Benton's Campbell Building remodel - The Southern
Brookfield-based Milwaukee Tool plans to completely update the architecture of the existing buildings at its headquarters campus and expand two buildings by a combined 30,000 square feet, in addition to the ongoing construction of a four-story, 200,000-square-foot office building.
The company is seeking approvals from the city of Brookfield for the latest parts of the headquarters improvement project. The plan is to begin work in the spring with the goal of completing construction by the fall of 2017. That timeline would closely tie the completionof the expansions with the opening of the new office building, according to a letter from Stephen Perry Smith Architects to the city.
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Milwaukee Tool is in the process of building a new, $35 million office building on its campus. The project is supported by $18 million in state tax credits and $6 million in tax incremental financing through the city. It is projected to add up to 592 jobs to a company that has already tripled its workforce since 2009 to roughly 800.
The new project would include three components, starting with the faade renovation of Milwaukee Tools existing 183,000-square-foot, single story brick office building. The proposed renovation responds to the architecture of the new expansion building with the use of precast panel cladding, according to the Stephen Perry Smith letter. The project also involves remaking entrances to the building, demolishing existing masonry wings and replacing them with steel framed canopies with glass roofs.
The second component would expand the companys 16,500-square-foot Rapid Innovation Center by up to 20,000 square feet. The building, which is described as very dated would also get a faade upgrade to match the new office building.
The third component would be a 10,000-square-foot addition to the campus annex building, The building is currently 5,600 square feet.
The city plan commission will consider a revised plan and method of operation for Milwaukee Tool tonight to allow for the construction project. The proposal also needs Common Council approval.
In addition to Stephen Perry Smith, Milwaukee Tool is working with Wangard Partners and The Sigma Group Inc. on the project.
Brookfield-based Milwaukee Tool plans to completely update the architecture of the existing buildings at its headquarters campus and expand two buildings by a combined 30,000 square feet, in addition to the ongoing construction of a four-story, 200,000-square-foot office building.
The company is seeking approvals from the city of Brookfield for the latest parts of the headquarters improvement project. The plan is to begin work in the spring with the goal of completing construction by the fall of 2017. That timeline would closely tie the completionof the expansions with the opening of the new office building, according to a letter from Stephen Perry Smith Architects to the city.
This slideshow requires JavaScript.
Milwaukee Tool is in the process of building a new, $35 million office building on its campus. The project is supported by $18 million in state tax credits and $6 million in tax incremental financing through the city. It is projected to add up to 592 jobs to a company that has already tripled its workforce since 2009 to roughly 800.
The new project would include three components, starting with the faade renovation of Milwaukee Tools existing 183,000-square-foot, single story brick office building. The proposed renovation responds to the architecture of the new expansion building with the use of precast panel cladding, according to the Stephen Perry Smith letter. The project also involves remaking entrances to the building, demolishing existing masonry wings and replacing them with steel framed canopies with glass roofs.
The second component would expand the companys 16,500-square-foot Rapid Innovation Center by up to 20,000 square feet. The building, which is described as very dated would also get a faade upgrade to match the new office building.
The third component would be a 10,000-square-foot addition to the campus annex building, The building is currently 5,600 square feet.
The city plan commission will consider a revised plan and method of operation for Milwaukee Tool tonight to allow for the construction project. The proposal also needs Common Council approval.
In addition to Stephen Perry Smith, Milwaukee Tool is working with Wangard Partners and The Sigma Group Inc. on the project.
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Milwaukee Tool planning more HQ campus expansion, renovation - BizTimes.com (Milwaukee)
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Dive Brief:
The new complex in Shady Grove is just the latest offering from developers of massive mixed-use projects in the DC area. The Wharf, a $2 billion DC development, will soon get underway with its second phase, which will include parks, retail, residential, office and a marina. The first phase will open this fall and provide 870 living units, 225,000 square feet of office space, 175,000 square feet of retail and three hotels. Developer Hoffman-Madison also announced late last year that it would build DC's first-ever pier-top office building at The Wharf. The Class A office building will offer up 28,000 square feet of space and shoot for LEED Gold certification.
More variety is popping up amid mixed-use developments, including elements of sustainability that exceed LEED. Last August, Property Group Partners, developers of the Capitol Crossing "eco district," announced that it had hired general contractor Balfour Beatty to build its first 960,000-square-foot phase. The $196 million construction contract is for two 12-story, mixed-use buildings connected by a glass bridge. The entire project is situated on a three-block elevated deck over Interstate 395 and will be LEED Platinum-certified.
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Developers file plans for $650M DC suburb mixed-use project - Construction Dive
Loyola Marymount has signed a 12-year lease at the Brickyard office building in Playa Vista.
Playa Vistas newest office building recently wrapped up construction, and now it has snagged its first tenant.
Loyola Marymount University is taking a 12-year lease for more than 50,000 square feet at the Brickyard with plans for a June move-in, according to a statement from the buildings owner, Tishman Speyer. The space will house LMUs School of Film and Television graduate programs.
LMUs monthly rate is roughly $5.50 a square foot, according to a source familiar with the transaction. Tishman declined to disclose lease terms.
Average monthly rents in Playa Vista were about $4.91 a square foot in the fourth quarter of 2016, according to data from Jones Lang LaSalle.
LMUs main campus sits on the hills overlooking Playa Vista. It also runs Loyola Law School downtown. The new site, at 12105 W. Waterfront Drive, is intended to help students connect with companies based in the Silicon Beach area of Playa Vista, Venice, and Santa Monica.
Silicon Beach is one of the world's fastest-growing startup ecosystems, an ideal counterpart for LMU as the definitive center for global imagination and its impacts, Timothy Law Snyder, LMUs president, said in a statement.
The Film and Television buildings official opening is slated for fall 2018, the university said.
Designed by Los Feliz-based architect Michael Maltzan, the Brickyard encompasses 400,000 square feet across two buildings.
In addition to being the latest major construction project in Playa Vista, it may also be among the last, since development space is nearly gone. The one major plot of land that remains is a 12-acre parcel owned by Google, near the historic Spruce Goose hangar that the tech company is leasing and converting into office space.
Tishman, a mega-landlord based in New York that owns Rockefeller Center, also owns the Collective in Playa Vista, a 204,000-square-foot complex of five office buildings that it built in 2015.
The creative office environment that has unfolded in Playa Vista has been incredible to witness over the past 10 years, John Miller, Tishman Speyers senior managing director, said in a statement.
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Loyola Marymount Takes First Lease at Playa Vista's Brickyard Offices - Los Angeles Business Journal
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