New center will bring shops to area near Meyerland Plaza Houston Chronicle
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New center will bring shops to area near Meyerland Plaza - Houston Chronicle
New center will bring shops to area near Meyerland Plaza Houston Chronicle
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New center will bring shops to area near Meyerland Plaza - Houston Chronicle
Anytime Fitness withdraws from Weston site, building expands from 3 tenants to 4 WSAW
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Anytime Fitness withdraws from Weston site, building expands from 3 tenants to 4 - WSAW
By Aran McCarthy
In recent years, the landscape of healthcare infrastructure has undergone a significant transformation. With the closure of many hospitals and the relocation of medical professionals, were seeing a growing need for enhanced access to healthcare across the United States. A study from Drexel University noted that a substantial portion of the U.S. population residing in the suburbs lacked health insurance and experienced difficulties accessing care. The renewed importance of providing accessible healthcare has prompted a number of innovative solutions to address this growing demand. One such method gaining traction is the adaptive reuse of former retail buildings, offering a sustainable and cost-effective solution to fulfill community needs.
Prior to the pandemic, healthcare systems were already grappling with the challenge of decentralizing services and enhancing accessibility to localized caregivers. Rising lease costs and the need for cost-effective solutions fueled the consolidation of outpatient practices. However, the onset of the pandemic accelerated this trend, intensifying the pressure to expedite these efforts. With a stark downturn in big box real estate due to the lack of in-person traffic, a unique real estate opportunity arose for healthcare systems to repurpose these spaces into medical facilities, providing a ready-made solution to their growing needs. Adaptive reuse of former retail buildings offers a sustainable and cost-effective solution to better fulfill community demands and is continuing to gain traction today.
As more healthcare systems consider outpatient consolidation efforts in former commercial spaces, there are several key considerations to evaluate before committing to an adaptive reuse approach and site.
One of the primary advantages of repurposing former retail spaces for healthcare facilities is the speed to market. A traditional new building project can take years, whereas adaptive reuse may take several months, depending on the projects scale. Unlike new construction, which can be labor and resource intensive, adaptive reuse projects can leverage existing infrastructure, significantly reducing construction timelines. This transformation is also a sustainable way to repurpose existing buildings while reducing material waste and consumption.
These projects can also offer inherent advantages when it comes to zoning and local permit approvals. Former retail spaces are frequently situated in established commercial zones, streamlining the permitting process and minimizing regulatory hurdles. Without needing to disturb the land by creating added parking or site elements, the land development approval process can be substantially simplified (although local zoning approvals should be researched in advance to avoid any unexpected obstacles). Additionally, these locations are often already recognizable and accessible to local communities, fostering a sense of familiarity and convenience for patients.
Repurposing existing buildings also typically incurs lower long-term rent costs compared to building from the ground up. Landlords recognize the stability of healthcare tenants, and can offer competitive leases for their empty commercial propertiesa solution that ultimately benefits both parties. This financial advantage makes adaptive reuse projects a more sustainable option for healthcare systems, allowing them to allocate additional resources toward patient care rather than overhead expenses.
While retail-to-healthcare adaptive reuse presents numerous benefits, several considerations must be addressed prior to signing a lease to ensure a successful bottom line. This underscores the importance of involving relevant professionals from the onset. These experts can help conduct the necessary due diligence during the scouting phase and help to determine the scope of the project.
Site selection plays a crucial role in determining the viability of a location. Factors such as entire costs, compatibility with adjacent practices, and lengthy lease terms must be carefully evaluated to mitigate financial risks. Attractive rent with lower cost-per-square-foot and a larger tenant improvement subsidy is just one metric. In actuality, we have observed that these costs have a disproportionate impact when selecting real estate, as other unanticipated expenses and hurdles may appear during renovation. Therefore, design professionals should be involved in the site selection process in order to determine the structural benefits and pitfalls associated with a building, especially when it comes to specialty practices. Professionals can further consult on location planning with key elements such as patient experience in arrival, parking, wayfinding and use of the building, the ability of the loading dock to support updated needs, or space for adjacent expansion and long-term flexibility.
As an example, we recently worked on several multi-floor projects that require careful consideration to accommodate large, heavy equipment. Before committing to a lease, it is important to ensure the floor structure can handle the vibration and weight of specialized equipment, such as advanced imaging. In contrast, for the Hackensack Meridian Health and Wellness Center at Eatontown, we transformed a former Toys R Us retail building into a multi-practice ambulatory care facility. This layout provided the ideal structure for the outpatient facility, with an expansive footprint and tall ceilings, all built on a sturdy first floor.
Due to the fact that each structure comes with its own set of benefits and challenges, from utilities to structural constraints, the most successful retail-to-ambulatory conversion projects are ones with a strong understanding of the limitations from the start in order to avoid unexpected costs during the renovation process. Moreover, its essential to consider the unique needs of healthcare providers and caregivers. While standardization offers efficiency, customization may be necessary to accommodate specific workflows and patient preferences. Balancing these requirements while optimizing space utilization requires careful planning and stakeholder engagement. Bringing on design professionals early in the planning phase is critical to identify challenges in advance and proactively develop solutions.
To get ahead of the potential pitfalls of adaptive reuse and set the renovation project up for success, you must engage experts with the requisite knowledge for successful execution. Design, project management, and construction teams with experience in healthcare facility conversions can navigate the complexities of such projects effectively. While cost considerations are important, prioritizing expertise over budgetary constraints is crucial to achieving desirable outcomes. Expectations of costs associated with design and construction must be influenced by real-world knowledge, factoring in challenges with lead times, accounting for inflation, labor supply and subcontractor availability, in addition to experience, ongoing fluctuations in material availability, and labor pricing. Too often, budgets are set based on previous project knowledge, not factoring in the changes in construction and design costs, market conditions or industry trends.
Multi-practice outpatient suites require immense planning, especially considering the number of walls needed to create an abundance of exam rooms compared to an in-patient suite. With the increased amount of architectural and planning time needed, costs also rise. By aligning expectations and embracing innovation, stakeholders can collaborate effectively to maximize the potential of adaptive reuse projects.
Its clear that the adaptive reuse of former retail facilities will remain prevalent in the coming years, and presents a compelling opportunity to enhance healthcare accessibility for communities across the United States. This solution affords property owners, healthcare systems, and design professionals with the ability to leverage existing infrastructure while minimizing construction timelines and regulatory hurdles. This strategy serves not only to increase the accessibility of health services in the areas in which they operate, but also provides a model and means of accommodating the growing demand for accessible healthcare environments nationwide, ultimately yielding spaces that are more holistically ingrained in the lives of the people they serve.
Aran McCarthy, AIA, NCARB, is President of FCA.
The new one-bed and two-bed apartment complex and retail space will be renovated over the summer. The owners are targeting a move-in date for new tenants of December 2024 or early 2025.
Plans for the revamped building, which will be called The Nest, were approved by the City of Yellowknife in summer 2022. The Nest is owned by Borealis Development, which reportedly bought the building for $1.4 million.
Borealis Development said it needed to get permitting and financing in place before construction could begin a process that was delayed in part by last summers wildfire evacuation.
Were very excited, said Afzal Suri, one of the owners of Borealis Development.
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Hopefully this will revitalize the downtown core. I think it meets all the criteria that the city has set for the revitalization of the downtown core, and were hoping well encourage other developers to do the same.
It was an existing building that was being under-utilized, and I think it can now finally live to its full potential.
Suri said the building has been gutted on the inside, so Borealis can start afresh with new electrical, plumbing and windows.
He noted the building unfortunately had an issue with the facade part of the siding fell off the 10-storey building in 2018 so that will also be redone.
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Once complete, there will be 36 one-bedroom units and 36 two-bedroom apartments. The layouts on each floor will be the same.
All the units are going to be rentals. There will be some put aside for affordable units, said Suri.
Applications to rent the units wont become available until an opening date for the building is in sight, but Suri said Borealis is already looking for commercial tenants to fill two rental units on the ground floor so Borealis can develop those spaces to meet their needs.
When shoppers enter the building, theyll be able to turn left or right to enter a store. Residents can continue on to their apartments.
The tenants wouldnt be disturbed with the retail activity thats going on, and itll be beneficial for the retail units because theres non-stop foot traffic thats walking right in front of their front door, Suri said.
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Construction begins on apartments, retail space in Bellanca building - Cabin Radio
UPDATE: The article was updated to reflect that the proposed financing was not approved after a last-minute deferral by the Committee on Finance.
$25 million in multi-family housing revenue bond financing has been proposed for The Ave. Chosen as the winner of the Chicago Ave Invest South/West RFP site back at the end of 2021, The Ave will occupy the property at 3601 W. Chicago between N. Central Park Ave and N. Monticello Ave, where it will replace the current Neighborhood Housing Services office and a one-story commercial building currently owned by the city.
The Ave at 3601 W. ChicagoGensler and Nia Architects
Planned by KMW Communities, POAH and CEC, the four-story project will include 52 affordable apartments, 2,900 square feet of space for Neighborhood Housing Services, an innovation center measuring 2,900 square feet, and 1,800 square feet of available retail space. Parking for 32 cars will be included on the ground floor.
The Ave at 3601 W. ChicagoGensler and Nia Architects
With Gensler and Nia Architects working on the project, the design began with the intent to avoid a simple bar building. The current scheme looks to create a longer building with multiple components. The massing holds the corners at each intersection, carves the middle of the street frontage, and draws the eye into the center plaza space.
The Ave at 3601 W. ChicagoGensler and Nia Architects
The portion along N. Central Park Ave is the tallest portion, creating a stronger presence on one corner. The longer portion of the building is shorter and stretches towards N. Monticello Ave. Dubbed The Stoop, the public space at the center will be the feature space of the project. With Site Design Group on the project, the plaza will be designed as a multi-use space that will be overlooked by a large screen wall that will house local artwork.
The Ave at 3601 W. ChicagoGensler and Nia Architects
Since being selected as the winner of the RFP, the design has changed due to program changes and affordability measures. The top floor of the taller volume was removed, and the NHS office space was moved from two floors of space in the taller volume over to the ground floor of the shorter volume. New residential units were added to the second floor of the taller volume. Rising 54 feet, removing the fifth floor will allow for a less expensive construction method that will make the project more affordable.
The Ave at 3601 W. ChicagoGensler and Nia Architects
The building will be clad in a gridded brick facade with wood veneer accent panels and aluminum windows. At the ground floor, angled walls will also be clad in brick. Second floor residential units will have balconies that overlook the street and plaza.
With the funding proposal submitted to the City, the Committee on Finance and City Council will look to vote on it next month. The developers are also awaiting apending zoning change that was filed back in February.
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City financing proposed for The Ave - Urbanize LA
Business owners who are seeking to expand their operations can face unique challenges and opportunities in London. When it comes to business premises, the role of commercial construction expertise in this context cannot be overstated. This article explores how leveraging specialist skills and knowledge can be a game-changer for businesses looking to expand their footprint in one of the worlds leading financial hubs.
It goes without saying, but strategic site selection is key. Londons diverse neighbourhoods offer various commercial advantages, from the financial districts of Canary Wharf and the City to the creative hubs of Shoreditch and South Bank. A construction partner with deep knowledge of Londons landscape can provide invaluable insights into choosing the right location that aligns with a businesss growth strategy, target audience, and operational requirements.
Moreover, experienced contractors can navigate the complexities of Londons planning and development regulations. They ensure that site development maximises the potential of the chosen location, adhering to sustainability and efficiency standards while also respecting Londons rich historical context.
In a city known for its architectural landmarks and design innovation, the physical space of a business becomes a crucial part of its brand identity. Commercial construction experts in London are adept at creating spaces that not only meet functional needs but also resonate with the brands ethos. Whether its through the use of cutting-edge sustainable materials, incorporating elements of biophilic design, or leveraging the latest in smart building technologies, the construction of a commercial space can significantly enhance brand perception and customer experience.
Sustainability is no longer a buzzword but a business imperative, especially in a city committed to becoming carbon-neutral by 2050. Commercial construction expertise in London encompasses a deep understanding of sustainable building practices, from energy efficiency and waste reduction to the use of renewable energy sources. By building or refurbishing spaces with sustainability in mind, businesses can reduce operational costs, comply with regulatory standards, and appeal to the growing market of environmentally conscious consumers.
The pandemic has irreversibly changed how we perceive and use commercial spaces. Businesses are now seeking flexible, adaptable environments that can accommodate hybrid working models, social distancing requirements, and health and well-being amenities. Construction experts who are at the forefront of workplace design trends can help businesses reimagine their spaces to meet these new demands, ensuring that they are equipped to face the future of work.
Finally, high-quality construction work directly contributes to the long-term value of commercial properties. In Londons competitive real estate market, properties that exemplify construction excellence, innovation, and sustainability command higher valuations and attract premium tenants. For businesses, investing in superior construction services not only supports immediate operational needs but also secures long-term asset growth.
Leveraging the expertise of a commercial construction company to help maximise business growth in London involves strategic site selection and development. Navigating the complexities of Londons property market requires in-depth knowledge and experience. Commercial construction professionals can provide invaluable insights into choosing locations that not only align with a businesss operational needs but also offer potential for appreciation in value. They assess factors such as accessibility, demographic trends, and local development plans, ensuring that the chosen site offers a strategic advantage.
Tailored construction solutions are pivotal in meeting the specific needs of a business. Commercial construction expertise enables the design and execution of buildings that are not just functional but also emblematic of a brands identity and values. Whether its a state-of-the-art retail space, an eco-friendly office building, or a multifunctional industrial facility, experienced contractors ensure that every aspect of the construction process, from planning to materials selection and execution, is aligned with the businesss goals. Furthermore, the rapid pace of technological advancement and changing market dynamics require a forward-looking approach to commercial construction. Expertise in this area includes the integration of flexible design principles and advanced technologies that allow businesses to adapt to future needs and market conditions. This aspect of construction expertise protects the investment and ensures properties remain competitive and relevant.
Businesses that recognise and embrace the value of commercial construction expertise position themselves for success in Londons dynamic market. They not only gain a competitive edge through customised, efficient, and sustainable infrastructure but also ensure their investments are resilient, adaptable, and capable of supporting long-term growth objectives. In this way, commercial construction expertise is not just about building structures; its about building futures, enabling businesses to thrive and expand in one of the worlds most vibrant economic landscapes.
This article has been written by Joseph for Virtus Contracts.
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Leveraging Commercial Construction Expertise for Business Growth in London - London Post
February 28, 2024
The town of Kittery, Maine has approved a plan to demolish an under-utilized outlet shopping center to make room for a new hotel, restaurant and housing near the Kittery Trading Post on Route 1.
Theplans call for a 119-room hotel and 107 new apartments, including 11 that are considered affordable, at the site of the Outlets of Kittery plaza.
The town's planning board approved the project late last week. Chairman Dutch Dunkleberger said the town has been exploring the possibility of redeveloping the under-utilized retail space for several years, particularly as some outlet stores began to leave.
"What do you do with all that space? We started noticing some vacancies and thought about how can we make use of that?" he said. "We have, in the past, approached the various owners about the potential for developing it into a mixed use space."
The project will be built in three phases, starting with the hotel, according to the developer, the New Hampshire real estate company Two International Group.
During phase two, the existing retail space would be razed to make room for the construction of the new apartments closer to I-95. A potential restaurant would be built next to the Trading Post during the project's third phase.
"It will be a good move for Kittery," Dunkleberger said. "It's not huge; it's not overwhelming."
He said the town needs more housing, particularly for Portsmouth Naval Shipyard employees and retail workers. And he believes the new apartments will bring more stable traffic to the remaining outlet malls during the winter, when fewer people travel from Massachusetts and New Hampshire to shop.
Dunkleberger said he's hopeful the three stores that remain at the shopping center will consider moving to other available retail space on Route 1, instead of leaving the area entirely.
This story is a production of the New England News Collaborative. It was originally published by Maine Public.
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Kittery, Maine will demolish one of its outlet malls to make room for new housing - WBUR News
Construction has resumed on 550 Tenth Avenue, a 47-story residential skyscraper in Hells Kitchen, following the fire and partial collapse of its tower crane this summer. Designed by Handel Architects and developed by Gotham OrganizationandGoldman Sachs Asset Management JV, the 520-foot-tall structure will span 430,000 square feet and yield 453 rental units, with 137 reserved for affordable housing, as well as 9,000 square feet of lower-level retail space, over 20,000 square feet of amenities, and 26,764 square feet of administrative office space for Covenant House. GO Covenant LLC is the owner and Monadnock Construction is the general contractor for the property, which is located along Tenth Avenue between West 40th and 41st Streets.
YIMBY captured the new crane in full operation, busily lifting materials to the highest floors of the rising superstructure. The floor-to-ceiling windows and bronze-hued panels have also made significant progress since our last update back in late May, when the envelope was just beginning to clad the multi-story podium, and the tower was roughly halfway up. Topping out could likely happen sometime this winter.
Photo by Michael Young
Photo by Michael Young
Photo by Michael Young
Photo by Michael Young
Photo by Michael Young
Photo by Michael Young
Photo by Michael Young
Photo by Michael Young
Photo by Michael Young
Photo by Michael Young
Photo by Michael Young
Photo by Michael Young
Photo by Michael Young
Photo by Michael Young
The fire on July 27 caused the collapse of the cranes 180-foot-long boom, which then smashed into the reinforced concrete superstructure and fell to the street below. The incident only caused minor damage to some curtain wall panels and the wraparound sidewalk, and several non-life-threatening injuries. No fatalities were reported.
U.S. Cranes is now the new crane operator, replacing the former crane provider, Lomma Crane & Rigging.
The below rendering looks at the southwestern corner of the podium, showing the residential entrance situated along Tenth Avenue beneath a sidewalk canopy and an inward-sloping wall of glass that runs up to the podiums rooftop amenity level.
550 10th Avenue. Rendering by ATCHAIN
Residential amenities will include a second upper-level lounge with an adjacent outdoor sky deck providing expansive views of the Empire State Building, Hudson Yards, and sunsets over the Hudson River. The podium will also have additional amenity spaces for social, leisure, and health and fitness activities.
The closest subways from the property are the A, C, and E trains at the 42nd Street-Port Authority Bus Terminal station, which offers an underground transfer to the 42nd Street-Times Square station servicing the 1, 2, 3, 7, N, Q, R, W, and Shuttle train to Grand Central Station. Also nearby is the 7 train at the 34th Street-Hudson Yards station to the south.
550 Tenth Avenue is anticipated to be completed in June 2025, as noted on site.
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Work Resumes on 550 Tenth Avenue After Crane Collapse in Hell's ... - New York YIMBY
A familiar name in New York City real estate is preparing for a changing of the guard.
Developer Bill Rudin is turning the family firm over to two of his children at the start of next year, Bloomberg reported. Samantha Rudin Earls, 39, and Michael Rudin, 38, will each ascend to the role of co-CEO of Rudin Management.
Chief investment officer Neil Gupta will retain that title while also taking on the role of president, the first time a non-family member in the role.
Bill who is chief executive officer and president Eric Rudin will continue as co-chairs of the company. In a statement, the CEO referred to the leadership change as an incredibly proud moment for our family.
Samantha, set to be the first female CEO of the company, will oversee the apartment business, while Michael will oversee the office portfolio. Guptas main responsibilities will be the companys investment and capital strategies.
Samantha and Michael will be the fourth generation of Rudins to lead the firm, which was founded by Samuel Rudin in 1925. The company counts 600 employees and 14.7 million square feet in its real estate portfolio, including 15 commercial buildings and 17 residential buildings.
The coming leadership is already eyeing opportunities to shake things up. Gupta said there may be opportunities to diversify the companys portfolio, including outside of New York City. He also brought up a few potential opportunities for office-to-resi conversions, which CEO Bill has emphasized in prescribing a solution for Midtowns struggling properties.
The company was previously tied to 55 Broad Street, a Financial District property that could become the citys largest office-to-residential conversion under Silverstein Properties and Metro Loft Management. Rudin sold the property earlier this year, at least three years before construction is set to wrap.
This month, Rudin put 80 Pine Street in the Financial District up for sale, retaining Eastdil Secured to market the property. The 1.2 million-square-foot building recently underwent a $100 million upgrade, but the office property is still less than half full.
Holden Walter-Warner
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Bill Rudin Stepping Down as CEO of Rudin Management - The Real Deal
Kaplan Companies has beat back two appeals to block its plan to replace a defunct Frys Electronics store in Woodland Hills with a 1.2-million-square foot hotel and housing project.
The Los Angeles City Planning Commission voted to reject the appeals against the Houston-based developers 8.8-acre project at 6100 North Canoga Avenue in the Warner Center, Urbanize Los Angeles reported.
The appeals by the West Valley Alliance for Optimal Living and Jeff Bornstein, who both hired the same lawyer, argued the project needed further environmental review. They also wanted the developer to give land for a park, rather than pay fees to the city.
The 114,000-square-foot Frys closed in early 2021 during a shutdown of 31 stores by the San Jose-based electronics retailer, which went out of business. Kaplan bought the site a year earlier for $48 million.
The mixed-use project, to be called District at Warner Center, would include two 11-story apartment buildings with 852 units and a 2,200-square-foot market. A 12-story building would house a 204-room hotel and bistro.
The complex, to be built in three phases, would include parking for 1,400 cars. Construction would take four years.
The project, designed by Orange-based AO, would include 316 live/work units surrounded by plazas and greenery. A project site plan shows two courtyards with pools.
District at Warner Center would be built across Canoga Avenue for the former Anthem Blue Cross office building, which Los Angeles Rams owner Stan Kroenke bought last year for $175 million.
Kroenke has since proposed turning its parking lot into a temporary practice facility for the Rams ahead of the potential redevelopment of 96 acres he acquired in Warner Center.
Kaplan Companies, doing business as Kaplan Multifamily, has offices in Irvine and Phoenix, according to its LinkedIn page. Since it was founded in 1978, Kaplan has developed, managed or bought more than 35,000 apartments.
Dana Bartholomew
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Kaplan Survives Appeals Against Woodland Hills Development - The Real Deal