DUBAI-Hill International, a privately owned Marlton, NJ-based firm, has won a 2.5-year, $5.1-million contract to manage the construction of the Buildings by Daman. Dubai-based Daman Real Estate Capital Partners Ltd. selected Hill to oversee the development of the two-tower, $450-million community located within the Dubai International Financial Center.

The project will comprise 2.85 million sf of gross built-up space. It will encompass residential condominiums, apartments, a hotel, retail and office space. The project broke ground in mid-December 2005 and is expected to be completed by year end 2008. The structures include a 64-story residential, hotel and serviced apartment tower and a 14-story office and retail tower.

“This project advances DIFC’s goal to become a world-class financial center,” Raouf S. Ghali, president of Hill’s International Project Management Group, says in a prepared statement. He calls the project “an ambitious assignment” for his company.

Hill International, headed by chairman and CEO Irvin E. Richter, has more than 900 employees in 25 offices worldwide. The company previously announced it will be completing a merger this year with New York-based Arpeggio Acquisition Corp.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

 

GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.