Mixed-use
GenCorp’s Mixed-Use Project Takes Next Big Steps
Dec. 23, 2008
Sacramento County’s supervisory board has unanimously approved the final environmental impact report for GenCorp Inc.’s 1,400-acre mixed-use project and amendments to the county’s general plan for the project.
Next Century Plans $2B Mixed-Use Project in Los Angeles
Dec. 19, 2008
Next Century Associates has unveiled a proposal to build a $2 billion mixed-use property in Los Angeles' Century Plaza, on the current site of the Century Plaza Hotel. The redevelopment proposal entails razing the 19-story hotel and replacing it with a pair of towers.
Developers Break Ground on $210M Residential, Retail Project in Jersey City
Dec. 17, 2008
Construction has begun on a $210 million development in Jersey City, N.J., that will feature two 47-story towers with a total of 524 rental apartments and 11,000 square feet of ground-floor retail space. Monaco Towers, developed jointly by Roseland Properties of Short Hills, N.J., and Garden State Developers of Jersey City, had originally been planned as a condominium property but will now offer rental apartments.
Serota Properties Proposes $300M Mixed-Use Project
Dec. 11, 2008
Serota Properties has submitted a proposal to develop a $300 million mixed-use community on 136 acres at the corner of Sunrise Highway and Veterans Memorial Highway in New York’s Islip, Long Island.
$180M New Haven Redevelopment Breaks Ground
Dec. 03, 2008
At what was formerly the site of the Shartenberg Department Store in New Haven, Conn., a major redevelopment project has broken ground, marking the largest project for the city in more than 20 years, and the largest residential building ever built in the entire state.
China's Tallest Tower Breaks Ground in Shanghai
Dec. 02, 2008
Ground has broken on Shanghai Tower, planned to be China's tallest building at 2,074 feet high. The project, being developed by Shanghai Tower Construction & Development Co. and designed by Gensler, is slated for completion in 2014.
JV Lands $52M Contract for Qatar Mixed-Use Project
Nov. 24, 2008
A joint venture led by Hill International, a project and construction management company based in Marlton, N.J., has been awarded a five-year contract worth about $52.6 million for the Barwa Al Khor mixed-use development in Qatar. Hill has a 65 percent interest in the joint venture.
Developers Move Ahead with Plans for 60-Story NYC Tower
Nov. 21, 2008
Banking that the healthcare industry will stay healthy despite the tough economic times, developers are moving ahead with plans to build the World Product Centre, a 60-story tower on Manhattan’s West Side that would showcase medical diagnostic and device companies and serve as an international educational center.
NYC's Pier 57 Attracts Trio of Renovation Proposals
Nov. 21, 2008
At the edge of Manhattan’s Meat Packing District in Chelsea, Pier 57 abuts an area that has seen a burst of activity over the last decade. Located at the end of West 15th St. and encompassing some 375,000 square feet of waterfront space plus rooftop area, the pier is now the focus for three bids for renovation.
$700M Houston-Area Mixed-Use Project Expands
Nov. 20, 2008
A huge mixed-use development in a Houston suburb has recently both broken ground and potentially added another major component. The 150-acre WaterLights project, being developed by Historic Real Estate Inc., is under way in the growing Houston suburb of Pearland.
$3B Green Educational/Medical/Leisure District Planned for South Korea
Nov. 13, 2008
Boston-based C Change Investments, Bio Medical City Inc. of Seoul, Korea and two government agencies of the Republic of Korea have joined forces to market, manage and develop a $3 billion sustainable educational, medical and leisure district in Sejong, Korea, the Republic’s new capital city, which has been under construction since last year.
Brownfield Cleanup Completed, New Jersey Mixed-Use Moves Forward
Nov. 11, 2008
Environmental remediation has been completed on the 132-acre Riverbend District, formerly known as Harrison MetroCentre, in Harrison, N.J., which will allow owner-developer Advance Realty Group to move forward with construction of infrastructure such as roads and utilities.
Atlantic Yards Arena Gets Clearance to Use Tax-Free Bonds
Oct. 23, 2008
The Internal Revenue Service has issued a ruling that gives Forest City Ratner Cos., developer of the $4 billion Atlantic Yards project in Brooklyn, the go-ahead to leverage tax-free bonds for the development, the cornerstone of which would be a new arena for the National Basketball Association’s New Jersey Nets.
$250M Loan Closes for $1B Miami Mixed-Use Project
Oct. 22, 2008
Judging by news that just emerged about the ambitious Metropolitan Miami mixed-use project, one would not know that there is a banking crisis, a struggling economy and a souring real estate market. Joint venture partners MDM Development Group and MetLife Insurance Co. have just gotten their hands on a $250 million construction loan for the Met 2 Financial Center segment of the $1 billion Downtown Miami endeavor.
$45M Financing Deal in Place for Suburban L.A. Mixed-Use
Oct. 17, 2008
Originally conceived five years ago, a mixed-use project located 20 miles northwest of downtown Los Angeles in Encino gets a boost with the closing of a $45 million construction-permanent financing deal orchestrated by Newmark Realty Capital Inc. on behalf of one of its servicing correspondents.
Atlantic City Issues RFP to Develop 150-Acre Site
Oct. 16, 2008
Atlantic City has issued a request for proposals for the development of Bader Field, a 150-acre former municipal airport. The site, the city states, is the premier gaming and resort development parcel in North America.
Madison Capital Takes NYC Retail Condo for $86M
Oct. 09, 2008
O’Conner Capital Partners has announced the closing of the sale of the retail condominium portion of the Manhattan House to Madison Partners for $86 million. Eastdil Secured represented O’Conner in the deal. Manhattan House, at 200 East 66th St., is in New York City’s Upper East Side Manhattan neighborhood. Designed by Skidmore, Owings and Merrill and originally built in 1952, the property is currently undergoing a $1.1 billion condominium conversion.
Colonial Properties Sells M-F Asset for $58M
Oct. 03, 2008
Colonial Properties Trust has announced that it has completed the sale of Colonial Grand at Hunter’s Creek, a 496-unit apartment community located in Orlando, Fla. The asset went for $57.7 million in net proceeds, which represents a capitalization rate of 6.3 percent.
Bozzuto Finds $75M for Baltimore Mixed-Use Project
Oct. 02, 2008
The Bozzuto Group has secured a $75 million construction-financing package and begun work on The Fitzgerald at UB Midtown, a mixed-use community going up on 4.6 acres owned by the University of Baltimore in the heart of Baltimore’s cultural district.
Learn About Shopping Center Investment News
The commercial real estate industry depends upon partnerships between commercial and residential mixed-use real estate players to be successful. CPN reports on property types such as shopping center investments and how they are affected in the current commercial real estate climate. For the best in retail sector news, read Commercial Property News.
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