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DALLAS-Wilcox Development Services, will break ground in two weeks on an estimated $150-million, 750,000-sf expansion of its 13-acre Chase International Plaza, situated in the Far North Dallas submarket along the North Dallas Parkway in Farmers Branch. The two office towers represents the largest speculative undertaking in Dallas since the mid-1980s, says the company president.
SAN FRANCISCO-Architecture firm SMWM has released its design for the new $904-million Transbay Terminal at First and Mission Streets. It next goes for approval before the Bay Area Toll Authority.
HOUSTON-BMC Software starts 800,000-sf office complex, keeping eyes to the future for even more development. The company's new campus will be situated on 50 acres adjacent to BriarLake Plaza.
Kansas City, MO- Heinlien Schrock Architecture shows plans for its new $150 million Nationwide Arena in Columbus, OH. New facility to be home of Blue Jackets hockey franchise.
HOUSTON-Old World Venice collides with the New World economy with a 600,000-sf retail center, Portofino, prepping to open its doors for business. The $75 million project includes an arched bridge, canal with gondola taxis, waterfalls and centerpiece fountain.
HOUSTON-Without a doubt, Houston's retail market has recovered from the residual effects of a space glut that began in the 1980s. This year, new sf may hit as high as three million in all city submarkets.
CHARLOTTE-Clark Nexson Architecture & Engineering is leaving its current Charlotte offfice of 5,000 sf at 229 N. Church St. and is relocating to 7,500 sf at 1023 W. Morehead St. The former Carolina School Building, a 70-year-old structure, is the first in its market to achieve a $20 psf rent.
ORLANDO-The Bentonville, AR-based retailer pays MetroWest Land Development Co. about $293,480 per acre or $6.74 psf for a 25-acre tract to build a 229,000-sf prototype structure in southwest Orlando.
BOULDER CO-Two real estate veterans partner for a $17 million, 72,000-sf office and condominium project in the city's core. The project features nine units specially designed for those who live and work in the same space.