Chicago, IL (PRWEB) April 23, 2014

Construct-A-Lead, the Construction industrys most comprehensive construction lead service, reported today that the following East Coast-based multi-family construction projects will have the necessary approvals and will go forward. Businesses will have ample opportunities to provide construction bids and other services relative to these projects. Those interested parties are encouraged to visit construct-a-lead.com and reference the Project ID listed below to obtain direct contact information for each construction lead:

Washington, DC - 11M new construction - Plans call for the new construction of an 80-unit condominium building with 20 parking spaces. Construction start: Q4, 2014, Q1, 2015, estimated. $15,000,000 Project ID: 1326947

Philadelphia, PA 19th and Chestnut - Plans call for the new construction of a 26-story tower that would have 110 apartment units, with two floors of retail. Construction start: Q1, Q2, 2015, estimated, $22,000,000. Project ID: 1327521

Bronx, NY - New Roads Plaza Plans call for the new construction of a 77,000 SF building with 95 units of affordable housing. Construction start: Fall, 2014. $28,700,000 Project ID: 1327535

Boston, MA 900 Beacon St Plans call for the demolition of the Elephant Walk Restaurant and the new construction of a five-story, 38,950-square-foot, mixed-use building with 32 one-bedroom apartments, parking, and 4,470 square feet of ground-floor retail space. Construction start: Q2, Q3 2015. $16,000,000 Project ID: 1327426

Jersey City, NJ - Butler Brothers Warehouse Plans call for the renovation of the 500,000 SF former warehouse building as a 377-unit residential building with retail, artist studio/gallery and parking. Construction start: Q4, 2014, Q1, 2015, estimated. $90,000,000 Project ID: 1327341

Norwalk, CT Norwalk - new apartments #1 - Plans call for a new 127 unit apartment complex. Construction start: Q3, Q4 2014. $15,000,000 Project ID: 1327327

Baltimore, MD 10 North Calvert Street - Plans call for the conversion of a historic Baltimore office into apartments including 25,000 square feet of retail. Construction start: Q4, 2014, $32,000,000. Project ID: 1327564

New York, NY 532 West 30th Street Plans call for the demolition of the seven-story, 15,447-square-foot, 94-year-old existing structure already on the site and the new construction of a 189 unit, 300,000-square-foot rental property. Construction start: Q4, 2014, Q1, 2015, estimated. $90,000,000 Project ID: 1327351

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Construct-A-Lead Reported Today That the Following East Coast-Based Multi-family Construction Projects Will Have the ...

Globally, a total of 39 million sq. m. of shopping center space is currently under construction across the worlds major cities, representing a three million sq. m. increase from 2013, according to the latest Global Viewpoint from CBRE Research. Most of this development activity for shopping center space around the world is focused in China. According to the report, more than half of the shopping center space under construction in the 180 countries surveyed is taking place within Chinas borders.

Shanghai takes first position with 3.3 million sq. m. of space under constructionmore than the combined total of all 86 European cities excluding those in Russia and Turkey. Just behind Shanghai is Chengdu with 3.2 million sq. m., followed by Shenzhen and Tianjin with 2..7 million sq. m. and 2.5 million sq. m. under construction, respectively.

India continues to see a wave of new shopping center development despite some developers pushing back completion dates due to financing issues. Around 500,000 sq. m. of new retail space is under construction in New Delhi. The largest two projects, DLF Mall of India NOIDA (204,385 sq. m.) and Logix City Center Mall (111,483 sq. m.), are both located in Noida. Among tier II cities in India, Hyderabad is the most active market with a current supply pipeline (483,000 sq. m.) three times greater than its existing stock.

Buoyant occupier demand is pushing a strong development pipeline in New Delhi with 500,000 sq. m. of new retail space currently under construction.

Commenting on the findings of the report, Mr. Anshuman Magazine, Chairman and Managing Director of CBRE, South Asia Pvt. Ltd. said, Strong economic growth in many Asian markets has been attracting an increasing number of cross-border retailers. Even though China remains by far the most active market for shopping center development, the tier I and II cities of India are also among the most active globally. Unfortunately, however, there continues to exist a dearth of quality shopping space in many of our market places. Along with the large-scale urbanization of our leading cities and a burgeoning middle class population, it is this that has been driving shopping center development forward.

According to CBRE research, New Delhi is ranked #21, Hyderabad #23, and Bangalore #31, among global cities with the maximum shopping center space under construction in 2014.

The scale of new development in Asia and China in particular is staggering but there are a number of quite understandable factors behind it. The most reported is economic growth, which continues, although now with some signs of slowing down. In addition, Chinese cities, and many others in Asia, present a physical environment that lends itself to environment controlled shopping centers. Outdoor shopping can be too hot, too humid, too cold, too wet, too unsafe or too dirty and pollutedmodern shopping centers are none of these when managed properly, said Sebastian Skiff, Executive Director of CBRE Retail.

Kuala Lumpur in Malaysia falls just outside the top ten coming in as the 11th most active market globally. Southeast Asia has 3.3 million sq. m. under construction and nearly 40% of this is located in the Malaysian city. In Vietnam, Ho Chi Minh City and Hanoi have also seen a large number of new developments in suburban areas and are seeing strong leasing demand from retailers attracted by lower rents and the lower-to-mid income residences nearby.

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Indias tier I & II cities most active markets globallyfor shopping center development

WEST CHESTER TWP.

There are new plans in the works to build a mixed-use residential, office and retail development in Butler County, this time along Union Centre Boulevard in West Chester Twp.

A developer specializing in Class A luxury, mixed-use projects has plans to build more than 250 multi-family units, 100,000-square-feet of office space, 20,000-square-feet of retail space and a 406-space parking garage in West Chester Twp. near the intersection of Union Center Boulevard and Centre Pointe Drive. Thats according to plans calling for multiple buildings to be constructed that was submitted to the township in March for requesting a property zoning change.

The Square, as the development is being called, is described as resort-style living by developers Anderson Birkla Investment Partners LLC, based in Indianapolis, Ind. The project would provide housing for workers at adjacent employers, with work offices, restaurants and other amenities in walking distance, the developer told the township.

The Square is different from other communities, as it delivers a living and working experience that introduces a new concept and new lifestyle defined by service, reads a description of the project submitted to the local government.

Residents and visitors of The Square will enjoy an amenity package not currently found in West Chester, such as maid services, dry cleaning and a swimming pool among other amenities.

Plans are still early, and the company is still conducting due diligence for the project, said Anthony Birkla, one of the developers principals.

We tabled our development at the Butler County planning commission for us to resolve some issues regarding the plan, Birkla said.

If everything moves forward, the residential, retail and office development would help fulfill the townships plans in place since 1990 for a walkable, liveable downtown community, said township spokeswoman Barb Wilson.

The new community being proposed will bring necessary critical mass to West Chesters downtown, completing the urban setting and guaranteeing the viability of downtown retail and commercial services and amenities, Wilson said.

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New development proposed for West Chester calls for luxury apartments

When Harald Huth bought the former Wertheim department store site in central Berlin, he planned to build a mall with 200 shops for about 400 million euros ($550 million). Three years and almost 1 billion euros later, hes set to open Germanys biggest shopping center, with 270 stores.

The developers growing ambitions reflect Berlins emergence as a shopping destination faster than new stores can be built. Retail rents in the capital climbed the most among Germanys big cities last year, driven by a surge in tourism and a growing population.

In the past 10 years, Berlin has developed excellently, Huth, 45, said in a telephone interview. The tenant demand we received gave me confidence that the project could be bigger.

Germanys biggest metropolis has been something of an emerging market in the decades of rebuilding that followed the fall of the Berlin Wall in 1989. Though Berliners incomes are still lower than the national average, the city is beginning to attract brands like Apple Inc. (AAPL) and Forever 21, which opened their first stores there last year.

Frankfurt and Munich and Hamburg are wealthier, but Berlin is on the ascendancy, said John Bason, chief financial officer at Associated British Foods Plc (ABF), the London-based company thats preparing to open its second Primark discount clothing store in Berlin. There are many, many consumers within the catchment area of Berlin, by far enough to give us crowded stores.

Berlin retail sales adjusted for inflation climbed 5.8 percent last year, according to the citys statistics office, compared with a rise of just 0.1 percent in Germany as a whole.

Retailers are drawn by the citys growth and emergence as one of Europes most visited cities, said Ruediger Thraene, head of Berlin at broker Jones Lang LaSalle Inc. (JLL)

Its been a lot more noticeable in the past two or three years that international labels want to open shops in Berlin, Thraene said. Berlin was a fashion hotspot in the 1920s and 1930s, but since the fall of the Wall a lot has had to happen for it to be in that position again.

Berlins reputation as a fashion destination has been burnished by the semi-annual Berlin Fashion Week trade show, which the government began organizing in 2007.

Berlins population has climbed 3 percent since 2005 to 3.4 million, about double that of second-placed Hamburg, and the government expects another 7 percent rise by 2030. The city had 11.3 million visitors last year, 50 percent more than in 2007, according to the Berlin Trade Federation. Visitors accounted for about a quarter of all retail spending, the Federation said.

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Berlin Mega-Mall Shows Surging Retail Need: Real Estate

Sandwich Commons- click here for marketing information

Description: Commercial lots: 1.41+/- acres and 0.94+/- acres, located on the south side of U.S. Route 34 in Sandwich, Illinois

Price: $99,000 for Lot 2, $39,000 for Lot 5, $125,000 for both lots combined

Zoning: B-3 Service, Automotive, and Wholesale Business District in the City of Sandwich

Two commercial lots, lots 2 (1.41+/- acres) and 5 (0.94+/- acres), on the south side of U.S. Route 34 in the Sandwich Commons development on the far east end of Sandwich, Illinois. The lots, which have direct frontage on Route 34 (average daily traffic of 12,400 vehicles), are ideal for small retail stores & services, restaurants, gas stations, banks, day care centers, automotive service centers, and professional and medical offices. The lots have been annexed, subdivided, and zoned for commercial. The lots are finished, graded, and have all utilities available. The Route 34 corridor is already home to Walmart, Rural King, Walgreens, a seven-screen cinema, hotel/conference center, car dealerships, restaurants, banks, gas stations, and hardware stores, as well as several big-box stores just to the east in Yorkville. Conveniently located equi-distant from Plano (10,856) and Sandwich (7,421), and also serving Somonauk (1,893), Lake Holiday (4,761), Sheridan (2,137), and surrounding areas. Nearby points of interest include fairgrounds, hospital, Amtrak, manufacturing and distribution centers, historic homes, and recreational areas.Read the rest of this entry

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john greene Commercial

Hartford Branch ModSpace Branch Office 6,480 sq ft 160 Days Middletown, CT

ModSpaces Hartford branch was split between three aging facilities. The ModSpace team needed a new centralized branch that would facilitate business growth, while representing the companys green and sustainable vision for the future.

Learn About the Process contact a representative

Area managers and the ModSpace Design-Build team opted to use buildings from the existing fleet of modular buildings on a 20 acre green field site. Refurbishing 20-year old modular buildings and reusing them for the new branch office dramatically reduced construction waste and its lingering impact on the environment.

After careful review and consideration of the available buildings, nine clear-span 12 x 60 modules were selected. The modules received EPDM roofs to allow interior work to begin as soon as the modules were set on the at-grade foundation. Once in place, a truss roof created space for the ductwork needed for the high-efficiency HVAC system.

Inside the building, Operations, Sales, and Construction Services each have their own suites that connect the teams to the common areas. Interior finishes, including the black ceiling grid and blue walls provide a clean and comfortable feeling. LED lighting, occupancy sensors, metered faucets with motion sensors, motion sensor toilets and high-efficiency windows were added to further reduce energy and resource consumption.

The finished nine-module repurposed classroom buildings feature exterior styling that blendsnicely with the wooded New England surroundings, right down to the lighted cupola and weathervane.

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Commercial Property & Office Building Construction ...

by Steven M. Friedman and Steven J. Szymanski

For years, federal income tax law was unclear about how to treat payments that owners or landlords make to tenants for construction allowances to improve leased retail space.

Last September, the Internal Revenue Service adopted final regulations on previously created construction allowance safe-harbor regulations to help eliminate controversy over related taxation. Landlords and tenants that adhere to the safe-harbor rules are afforded tax-free treatment on certain construction allowances.

Retail Construction Allowances Generally, a landlord provides a potential tenant with a construction allowance to induce the tenant to lease a property. This especially is true in the retail market, where an attractive tenant may improve the chance for a project's success as well as attract other key tenants.

However, the broad definition of gross income in Internal Revenue Code Section 61 all income from whatever source derived has led to debate about the tax treatment of landlords' cash payment of construction allowances to tenants.

Because of the ambiguity, Congress enacted IRC Section 110 in the Taxpayer Relief Act of 1997 to provide a safe harbor under which certain tenants would not be taxed on construction allowances received to improve their leased space.

IRC Section 110 provides that a tenant's gross income does not include payments or rent reductions received from a landlord under a lease for 15 years or less for the purpose of constructing or improving qualified long-term real property. Retail space is defined as real property leased, occupied, and used by a tenant in its trade or business of selling tangible personal property or services to the general public.

On Sept. 20, 1999, the Treasury Department issued proposed regulations to clarify IRC Section 110's safe-harbor rules. The proposed regulations clarify two requirements. To satisfy the purpose requirement, a lease agreement must state that the construction allowance is for the purpose of constructing or improving the property for use in the tenant's trade or business at that particular site. To satisfy the expenditure requirement, a tenant must use the construction allowance within 8 months after the close of the taxable year in which the allowance was received.

On Sept. 1, 2000, the IRS adopted final regulations that were effective Oct. 5. These final regulations expand the definition of allowances to include space for office or storage supporting the retail activity and give examples of qualifying retail services, which include doctors, lawyers, accountants, bankers, insurance agents, stockbrokers, security dealers, tailors, hair stylists, and shoe repairers. They also state that a landlord can reimburse a tenant for amounts spent in a prior year, provided that the tenant did not depreciate the costs.

Since the landlord retains the benefits and burdens of ownership with the safe harbor, the landlord depreciates the cost of a construction allowance. Under the final regulations, if a tenant takes depreciation on a construction allowance, the safe harbor would not be met.

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Retail Tenants Get Tax Break for Construction Allowances ...

RTD Train Hall is one of several construction projects around Union Station. (AAron Ontiveroz, The Denver Post)

Construction gains outside of housing remain tepid nationally, but Colorado is bucking that trend.

"Part of this is a story of emerging economic momentum," said Anirban Basu, chief economist with Associated Builders and Contractors, who gave a forecast Thursday morning in Denver.

Robust oil and gas production, combined with metro Denver's attractiveness to young professionals, have provided the state a jump on other areas.

"This helps explain to a large extent why the state's economy has become turbocharged lately," Basu said of the ongoing energy boom.

Construction hiring in Colorado through February is up 6 percent, compared with a 2.5 percent annual pace nationally, noted Ken Simonson, chief economist of the Associated General Contractors of America, during an economic webcast sponsored by Reed Construction Data.

Some of the most robust construction activity is taking place in Denver's core, which the Downtown Denver Partnership touted Thursday morning at a separate event on its "development map."

The downtown area has seen 5,688 residences, 2,297 hotel rooms and 2.7 million square feet of office space either added or under construction since 2008. Two dozen projects worth $1.8 billion are expected to be completed this year alone, a third of them located in the Central Platte Valley.

Multi-family and even single-family construction have shown strength the past year, but nonresidential is an entirely different story.

"We have had a hard time building momentum in nonresidential," said Kermit Baker, chief economist with the American Institute of Architects.

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Colorado construction gearing up faster than other states

Philadelphia, Pa. (PRWEB) April 18, 2014

MB1 Capital Partners and Aquinas Realty Partners today announced the official groundbreaking for the construction of the AQ Rittenhouse, a mixed-use, apartment-retail-classroom tower at 2021 Chestnut Street in Rittenhouse Square, Philadelphia.

The $40 million complex, due to be completed by the end of the year, will be constructed on the site of the former Philadelphia YWCA Annex which was built in 1954 but vacant and blighted for more than a decade. The new 12-story building, designed by BLT Architects of Philadelphia and being constructed by Clemons Construction Company of Philadelphia, will also include classroom, lab and activity space for the adjacent Freire Charter School.

Joel Brudner, Managing Partner of MB1 Capital Partners, noted AQ Rittenhouse will also include 4,500 square feet of retail space on the ground floor, as well as a 1,500-square-foot mezzanine as other components of this new 12-story apartment tower.

Brudner noted the key component of the building will be 110 upscale apartments in studio, one- and two-bedroom units to help meet the need for quality housing in Center City. The signature feature of the building will be its large exterior windows and Juliet balconies.

This will be one of the most beautiful and versatile buildings in Philadelphia, Brudner said. The plan also includes a second-floor terrace, a center courtyard on the eighth floor, and a rooftop sky terrace and lounge that will offer incredible views, all within the tremendous location in Rittenhouse Square.

As the development will cater to professionals, other amenities include a fitness center, 24-hour doorman and concierge, fitness center, Wi-Fi cafe, bike storage and even a dog washroom.

I cannot describe to you how bad of a building [the YWCA Annex] was, said Philadelphia Mayor Michael Nutter in his remarks at a recent groundbreaking ceremony. There are many, many challenging properties, but this particular property, literally located wall to wall with a charter school where students are trying to get an education, was a terrible property. It will now be transformed into a beautiful property.

By replacing this dilapidated property with a 110-unit apartment building, complete with restaurants, retail shops, and our top-notch charter school, this project is taking a major step towards the revitalization of the 2000 block of Chestnut Street, but much of Chestnut Street will benefit from this project, the mayor added.

The building, which will meet the standards for LEED Silver certification, is an example of public and private interests coming together to help renew old neighborhoods, while creating jobs and endless opportunity, Brudner added.

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MB1 Capital Partners Joint Venture to Construct New Project in Rittenhouse Square

WHERE long or difficult loads are concerned, like in the construction retail industry, Hubtex multidirectional and side-loaders will make a significant difference in South Africa as many operations here are still employing unsuitable technology. This is the opinion of Thomas Schmitt, Hubtex Germanys key-account manager, responsible for liaison between Goscor Lift Truck Company (GLTC,) the Southern African distributors of Hubtex, and Hubtex head office in Fulda, Germany.

I noticed on my recent trip to South Africa, that many companies in the construction industry are using traditional, front-loading forklifts in their long-load applications. The result is inefficient utilisation of warehouse and yard space and a significant reduction in productivity all-round, says Schmitt.

Goscor Lift Truck Company Sales Director Patrick Barber agrees. The Hubtex technology, which enables long loads to be handled in narrow aisles, will save several companies a lot of money in South Africa. It is true that many operations in this country that have specialised load-handling requirements are not using the correct technology. We have started showing these companies the benefits of the Hubtex range and I have no doubt that demand will grow exponentially for these machines with time, he says.

Two machines that have proven themselves in these industries worldwide are the Hubtex DQ diesel/gas multidirectional sideloader and the Hubtex Electric sideloaders.

The former, with diesel or gas drive, is an extremely robust machine developed for indoor and outdoor use. With its hydrostatic all-wheel drive and independently activatable differential lock it is suited to all surfaces including poor ground or floor conditions. Also, the multidirectional steering enables optimal handling of long and bulky loads and the efficient use of storage space.

The superior High Performance Steering (HPS) steering system of our multidirectional sideloaders ensures the shortest changeover time from lengthwise to crosswise drive. In fact research has shown that compared to conventional steering systems the Hubtex HPS enables a 60% faster changeover and, in addition, has up to a 30% smaller turning radius by means of its load wheels, says Schmitt.

He adds that in lengthwise drive, the Hubtex DQ series can quickly transport long material through narrow doors and aisles, in crosswise drive it can be used as a conventional front loader while circle drive enables the fast turning of the truck. This overall agility can save up to 50% floor space, Schmitt says.

The Hubtex sideloader series, which is electric, diesel or LPG-powered, is designed to maximise long-load storage density providing room for additional racks and enhanced storage capacities. Not only do these trucks enable up to 100% more storage space than conventional forklifts, but their unique design also allows quick, safe and efficient operation with reduced load damage, Schmitt says.

The heavy-duty, diesel sideloaders are specifically designed for demanding operations and provide exceptional performance with proven stability.

With capacities of up to 40 tons and load bed widths of up to 2,500mm these workhorses have proven themselves in the toughest operations in theconstruction industry.

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Hubtex will help construction retail sector: 50% space saving recorded