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WASHINGTON, DC-Seven decades later, complete development of the Kennedy-Warren Apartment Building--long a popular residential destination and a crown jewel in the District's Art Deco architecture offerings--reaches an end in a $46 million expansion project.
SAN DIEGO-Slated to rise at the southwest corner of Beech and Union streets, the project will bring 89 condominiums units and approximately 6,000 sf of retail space to the Little Italy district of Downtown.
PHILADELPHIA-"Parkominium," a six-story garage on North 2nd St., developed in joint venture between Realty Capital Advisors and private investors, will sell spaces for $35,000. The concept is seen as a local solution and an urban trend.
LONDON-Developers have secured a major victory over conservationists when Heron secured the backing of the City of London for a 23-story tower. The outcome has implications for other proposed developments like Henderson's 21-story proposal.
DENVER-All 65 companies surveyed by the Downtown Denver Partnership do not plan to move out of the submarket. However, only one-third plan to add space, which may not do much for a vacancy rate hovering at 20%.
ATLANTA-The 700-student school is leasing more than a quarter of the 260,000-sf office component of the 17-acre, 79-year-old former Southern Railway Co.'s historic roundhouse property for 10 years at an estimated aggregate rent of $6.5 million.
PORTLAND-The presidents of the two companies will purchase and rehabilitate the 91,000-sf building on the East bank of the Willamette River to house their businesses.
TEMPE, AZ-Concord Eastridge lands its first major competition, a 13-acre project laced with academic, retail and residential product. The two-month-old firm was up against two other developers for the prized contract for the Arizona Arts and Business Gateway.
NORFOLK, VA-Signing on to occupy 22,300 sf, MMM Design Group commits to relocating its headquarters to the Main Street Tower, a 210,000-sf class A office structure in the financial district. The architecture and engineering firm will join fellow tenants SouthTrust Bank and the US Coast Guard.