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RESTON, VA-Sallie Mae wraps up development of its new 240,000-sf headquarters with a grand-opening ceremony. The $42 million structure, designed by Boggs & Partners Architects, will allow 700 of the education funding provider's area employees to be housed under one roof.
BOULDER, CO-Macerich Co. subsidiary Westcor Development is taking down the Crossroads Mall, converting the enclosed retail center on 62 acres into Twenty Ninth Street, an open-air mall.
OLD BRIDGE TWP., NJ-Kara Homes will move to a new three-story facility here from East Brunswick. The Gale Co. is the construction manager and RJF Fletcher Thompson is the designer.
BOSTON-Just across from the city's new convention center will be a 1.2-million-sf mixed-use project called Waterside Place that those involved hope will accelerate development in the area.
STAMFORD, CT-Ceebraid-Signal Corp. officials say they hope to begin construction on a 16-story luxury condominium building in the Downtown district here by next spring. The "Highgrove" project is expected to cost $50 million to develop and units are being marketed for as high as $2 million.
STILLWATER, MN-A row of old buildings on North Main Street will be demolished to make way for 98 luxury lofts and retail space on the street level. Weis Builders is the general contractor on the project.
HOLLYWOOD, FL-The Miami-based firm is designing buildings at varying heights, with the first-phase construction to begin next spring. The project will contain 500 multifamily units and 15,000 sf of retail space in all, has a $68-million sellout value for the 214-unit phase one.
IRVINE, CA-Real Estate Partners Inc. names Thomas E. Thompson as president in one of a series of promotions and additions at development and investment firms in the county.
POWAY, CA-Stowe Properties LLC wraps up construction on its 12,000-sf complex, which the developer had started building this past January. Located at Scripps Poway Parkway and Stowe Drive, the property is occupied by dining establishments and other ancillary services, such as a hair salon and dry cleaners.
FALLS CHURCH, VA-Construction begins on the George Mason Middle School, a 131,000-sf project that is being developed through a public/private partnership involving Falls Church and Clark Real Estate Advisors. The $25 million endeavor is on schedule for completion in the fall of 2005.