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ST. PAUL, MN-The indoor market hall project is expected to land $4 million from the city. The Minnesota Department of Agriculture has committed $11 million, with another $2.5 million from private funding.
BOSTON-The hotel and condominium complex being developed here in Battery Wharf in the North end section of the city is facing delays. The company is restructuring the financing for the project but a representative of the development company insists that it is the changed market that is causing the setbacks.
WASHINGTON, DC-Members of the National Housing Conference say it is a good thing that the US Department of Housing and Urban Development (HUD) got its $30.2 billion appropriations bill through the House and Senate, but the funds are not enough to relieve severe affordable housing needs. HUD officials beg to differ.
SEATTLE, WA-The subject of the bankruptcy is SeaGulf Group's high-end condominium project on Alki Beach called Harbor Landing. The property was reportedly in the process of foreclosure by construction lender Washington First International Bank, which put up $5 million.
CLARENDON, VA-Clarendon residents will finally get the opportunity to peruse the area's newest shopping complex as The Market Common officially opens with a ribbon cutting ceremony on November 15. The $100 million project--which includes a residential component--offers about 240,000 sf of street-level retail and restaurant space.
FERNDALE, MI-A Fort Worth, TX developer is building a 176,000-sf self-storage facility with up to $527,000 coming from the city's brownfield authority to clean up the contaminated site.
DENVER-Klipp Colussy Jenks DuBois Architects of Denver designs the new 57,000-sf facility for the National Conference of State Legislatures. General contractor Pinkard Construction is overseeing the project.
LOS ANGELES-The pesident, the director, senior and executive vice presidents are assuming new roles within the company. The announcement is the latest in a string of organizational moves launched by different brokerage firms.
NEW YORK CITY-SEIU 32BJ, which represents service workers at roughly 1,000 local buildings, has forged a three-year commercial contract with the Realty Advisory Board more than six weeks before the current agreement is set to expire. The contract will be presented to the union's 70,000 members for ratification.
BOSTON-The Fan Pier project, slated for development in south Boston, could finally get the okay from the city. One of the city's largest-ever development projects, it has been the subject of intense debates over building height, density and the amount of open space in its design.