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    MN lawmakers consider $8.5 million renovation to tunnel connecting State Office Building, Capitol Minnesota Reformer – Minnesota Reformer - March 5, 2024 by Mr HomeBuilder

    The Minnesota Legislature is considering borrowing $8.5 million to renovate the pedestrian tunnel that connects the Capitol and the State Office Building which houses the offices of the 134 members of the House and some widely used committee rooms to make it compliant with the federal Americans with Disabilities Act.

    The current slope has a grade of over 10.5%, which exceeds the ADAs permitted grade of 8.3%.

    The Department of Administrations bonding request cites the tunnels steep slope, which makes traversing the Capitol campus virtually impossible for people with disabilities without a powered wheelchair, especially during the winter months.

    This cost is on top of the $454 million Minnesota borrowed last year before interest to fund the State Office Buildings renovation, which is underway and scheduled to be completed in time for the start of the 2027 legislative session.

    The tunnel renovation includes construction of a new 15-by-85 foot section adjacent to the existing tunnel. This new section will include an ADA-compliant slope and a new elevator that will assist pedestrians between the new ADA-compliant tunnel and the basement of the Capitol building.

    In 2021, lawmakers created an account to fund the renovation of the State Office Building, but the statutory language did not include renovation of the tunnel. Therefore, the tunnel renovation needs to be approved separately.

    House Majority Leader Jamie Long, DFL-Minneapolis, said it was probably an oversight for lawmakers to omit the tunnel from the State Office Building renovation.

    Long said that his colleagues many times over the years had to push former Rep. Rod Hamilton, R-Mountain Lake, up the tunnels steep slope in his wheelchair so he could make it to the House chamber for votes.

    Long also said hes invited family members to tour the State Office Building and the Capitol, but some had difficulty making it up the tunnels steep slope. They had to stop and catch their breath multiple times, he said.

    It was a real barrier for them to be able to participate fully in what the Capitol complex has to offer, so I think it is a really key accessibility point to get into the Capitol building, Long said.

    Wayne Waslaski, assistant commissioner with the Department of Administration, said renovating the tunnel now construction would begin in August aligns with completion of the State Office Building renovation.

    The tunnel is currently closed, as its being rerouted to connect with the State Office Buildings new addition. Minnesota House members and the public must walk outside and cross the street to access the Capitol and vice versa.

    In December 2022, former Rep. Kurt Daudt, R-Crown, during the committee hearing that gave final legislative approval to the State Office Building renovation, said he had helped push even motorized wheelchairs up the slope near the Capitol.

    Then House Majority Leader Ryan Winkler during the hearing said that lawmakers tried to include the tunnel renovation in with the State Office Building project, but they were told it wasnt within the projects scope of authority.

    I think it was an oversight of ours, probably, not to include (the tunnel) when we did the Capitol building, Daudt said during the hearing. The Capitol renovation was completed in 2017.

    House Minority Leader Lisa Demuth, R-Cold Spring, recently referenced the $8.5 million renovation to the tunnel as another example of Democrats wasteful spending, arguing it should have been included in the State Office Building renovation.

    Read more from the original source:
    MN lawmakers consider $8.5 million renovation to tunnel connecting State Office Building, Capitol Minnesota Reformer - Minnesota Reformer

    Medical Office Building Report | CommercialSearch – CommercialSearch - March 5, 2024 by Mr HomeBuilder

    Data at a Glance:

    Healthcare expenditure made up 16.6% of United States GDP in 2023, totaling over $4.5 trillion. This represents the largest share out of GDP worldwide, even as U.S. healthcare volume is estimated to increase a further 10% by 2027. Consequently, it comes as no surprise that medical office buildings remain a niche yet resilient commercial real estate asset even amid difficult capital conditions.

    Looking to draw a bottom line when it comes to the medical office building (MOB) market in yet another transformative year, CommercialSearch compiled current inventories and construction pipelines of medical office buildings larger than 25,000 square feet nationally. Using that data, we then analyzed the state of the industry from the following perspectives:

    Medical offices are commonly touted as a recession-proof investment thanks to increasing demand for healthcare and very low tenant turnover. At the same time, speculative medical office development by REITs and institutional investors is rare, and demand for new construction is mostly tenant-driven. The result is evident in the amount of medical office space currently being developed, with no market exceeding 1 million square feet under construction. Still, three markets New Jersey, Houston and Miami came close to the 1 million mark, being home to the most medical space underway by a large margin.

    New Jersey is home to the largest medical office building pipeline with 964,500 square feet, narrowly surpassing Houston to take the crown. The square footage underway in the Garden States MOB market will increase its total inventory by 5.3%, making it one of the fastest-growing markets nationwide. The state is home to over 2,000 licensed hospitals, nursing homes and medical care facilities, with almost 500,000 people being employed in the healthcare industry, making it a significant healthcare hub on the East Coast and justifying the markets considerable medical office pipeline.

    At #2, Houston currently has 963,000 square feet of medical office buildings currently under construction, narrowly missing first place by 1,000 square feet. Once completed, these facilities will increase the markets inventory by around 3.1%. This points to the fact that medical properties in the metro are experiencing a period of accelerated growth, since MOB deliveries in 2023 also added another 3.3% of inventory after several years of sub-2% growth. Of course, healthcare plays a key role in Houstons economy, providing an estimated 12% of the metros employment. In fact, the Texas Medical Center alone the worlds largest medical complex cares for over 10 million patients a year.

    Closing out the podium at #3, Miami is the fastest-growing MOB market in the top 10 except for Madison, with the 960,000 square feet of space under construction here marking a future 11.9% in the markets inventory. Being home to a surging population and one of the top retirement destinations in the U.S., the Miami healthcare industry is scrambling to keep up, best evidenced in the rapid growth of medical offices here. One area particularly benefiting from the growth is the Health District, home to a large concentration of medical facilities as well as the University of Miamis Miller School of Medicine. Additionally, the metros many healthcare and life sciences startups further stand to support Miamis large healthcare and medical tourism industries.

    Back in Texas, Dallas currently has 560,000 square feet of space currently under development, granting it fourth place on the list of fastest-growing markets for medical space. While Houston is likely the first Texas healthcare hub that comes to mind when healthcare is the subject, the Metroplex is certainly not to be ignored. DFW is home to a healthcare industry that makes up 15% of its annual GDP according to the Dallas Regional Chamber, making it an industry centerpiece within the Texas Triangle and one of the major healthcare centers of the South.

    Meanwhile, Los Angeles currently the largest medical office market nationally is set to add the fifth-most inventory with 530,000 square feet across just two properties larger than 25,000 square feet. The relatively slower growth of MOB construction in Los Angeles compared to the three top markets can be attributed to factors such as the markets greater fragmentation, with medical facilities being spread across Greater LAs numerous cities rather than concentrating in medical centers. At the same time, LA also faces less medical office supply pressure than other markets in conjunction with slower population growth.

    While Los Angeles remains the largest market by medical office inventory nationwide, development over the last 10 years highlights a potential reversal as the two highest-volume Texas markets are rapidly catching up. See the graph below for the growth of the largest medical office markets in the U.S. by current inventory over the last 10 years:

    Looking at 10-year trends for the nations largest medical markets, there are several clear winners. First and foremost, Houston was home to the largest boost of medical office space with 4.9 million added between 2014 and 2023. This brings the markets total to 31.1 million square feet, just 6 million behind Los Angeles total inventory. The disparity in construction between the nations two largest medical markets means that the gap is much lower compared to 10 years ago, when Houston totaled 26 million square feet compared to LAs 35 million.

    Not far behind Houston, Dallas-Fort Worth had an almost equal level healthcare property construction in the same time period with 4.75 million square feet in total. After overtaking Chicagos inventory in 2017, lagging construction in 2023 and a comparatively smaller current pipeline means that the Metroplex remains slightly behind its fellow Texas entry in terms of total inventory.

    Up next, Atlanta added 3.8 million square feet of medical office space in the last decade, resulting in market growth exceeding 20% helped by the markets relatively smaller size, marking the fastest 10-year growth out of all 10 largest MOB markets. Home to health organizations including the CDC and the Carter Center, Atlanta is also experiencing a temporary hike in demand for medical space due to the late 2022 closure of Atlanta Medical Center.

    Chicago medical office developments between 2014-2023 totaled 3.5 million square feet of space, making for a growth of 13.7% in that period. The city is a major healthcare hub, being home to multiple academic medical centers and close to 100 hospitals. However, the brain drain experienced by the Chicago healthcare industry since the pandemic is still affecting accessibility to care as well as appetite for new investments in developing further properties.

    In the last decade, Philadelphia saw just under 3 million square feet of space in medical office buildings delivered, marking the fifth-largest increase by square footage as well as the fourth-largest percentage growth out of the 10 largest markets nationwide. Home to a robust healthcare sector, Philly also benefits from the positive influence of innovative startups in the field such as AI-powered pathology platform Proscia and mental health software developer NeuroFlow.

    Recently, the trend in the medical office industry was toward increased consolidation of medical services. To that end, medical providers attempt to offer a retailized medical service experience, adding more medical facilities within the same building or complex. The consequence of this change is a shift to construction of outpatient facilities spanning hundreds of thousands of square feet.

    At 469,000 square feet, UW Healths Eastpark Medical Center in Madison the citys only MOB larger than 25,000 square feet currently underway is the fruit of these aforementioned trends in MOB development. Aiming to offer patients the opportunity to see various providers during the same visit, this seven-story outpatient facility will house facilities pertaining to adult oncology, womens specialty care and numerous other specialty clinics, as well as laboratory services and advanced imaging. When it opens in Q3 this year, patients will benefit from advanced proton cancer treatment, innovative upright treatment technologies and more.

    Meanwhile, standing at 462,000 square feet, Philadelphias only medical facility larger than 25,000 square feet scheduled for delivery this year the Honickman Center spans 20 stories of state-of-the-art medical office space, home to several specialty programs including cancer and respiratory care, gastroenterology and more. Intended as Jefferson Healths flagship medical building in Philadelphias Center City, the facility will bring prime healthcare to the heart of Philadelphia.

    The next two largest properties have already opened their doors to patients in early 2024. The first is Wellness Way in metro Albany, N.Y., the new, 263,000-square-foot home of multispecialty medical group Community Care Physicians. With 22 specialties including audiology, pediatrics and dermatology and 142 specialty providers, the new facility aims to offer a comprehensive patient experience for Albany County residents.

    Additionally, NYU Langone opened a new ambulatory care facility at 1111 Franklin Ave. in Garden City, Long Island, totaling 260,000 square feet and 32 clinical specialties. The property was previously a Bloomingdales and Sears building which has now been converted into a state-of-the-art medical facility with a capacity of 400,000 patients per year. Conversions to medical offices have picked up in recent years especially in areas with scarce developable land. Besides full-building conversions, individual office spaces are also being converted into medical space as office building owners try to prop up occupancies.

    The largest MOB to be completed in Houston in 2024 is Kelsey-Sebold Clinics development at 8303 North Sam Houston Pkwy. East, totaling 256,000 square feet and making it this years fifth-largest completion nationwide. The company one of metro Houstons largest multispecialty practices invested a reported $77.5 million in the facility which is scheduled to open its doors around August this year.

    Besides fifth-place 8303 North Sam Houston Pkwy. East, Houston was the site of five more of the 20 largest medical facilities set to open in 2024. These included (1) Building 3 of Memorial Hermann Sugar Land Medical Plaza; (2) Building 2 of the Kelsey-Seybold Fort Bend Clinic; (3) the Kelsey Sebold Clear Lake Ambulatory Surgery Center and (4) the 1715 Project. One additional Texas entry made it among the top 20 largest MOB completions this year: UT Health at Kyle Seale Parkway in San Antonio at #19.

    Florida boasted the second-most properties among the 20 largest with three, while New York state was home to an additional 2.

    Looking at the largest properties completed last year, the Joan & Paul Rubschlager Building took home the title, standing at a total of 487,600 square feet. Home to the Rush Cancer Center, Chicagos newest location for cancer, neuroscience and digestive diseases care, the $450 million facility opened in early 2023. Up next were the OQuinn Medical Tower in Houston and the James Outpatient Care and Proton Therapy Center in Columbus. See the table below for the remaining largest 2023 MOB completions.

    All property and market data courtesy of CommercialEdge. Individual building data and market stats were extracted on February 8, 2024 and is subject to change. For the purposes of data accuracy, only medical office buildings or mixed-use buildings containing medical office space larger than 25,000 square feet were included.

    The list of largest medical office building completions in 2024 includes properties that have already been completed as of the publication of this article. While CommercialEdge attempts to ensure the accuracy of projected completion dates, final completion and opening dates may differ.

    Read more here:
    Medical Office Building Report | CommercialSearch - CommercialSearch

    MN lawmakers consider $8.5 million renovation to tunnel connecting State Office Building, Capitol – Voice Of Alexandria - March 5, 2024 by Mr HomeBuilder

    An entrance to the Capitol - State Office Building tunnel as seen on March 4, 2024. This entrance is where the steep slope descending into the tunnel begins. Photo by Michelle Griffith/Minnesota Reformer.

    The Minnesota Legislature is considering borrowing $8.5 million to renovate the pedestrian tunnel that connects the Capitol and the State Office Building which houses the offices of the 134 members of the House and some widely used committee rooms to make it compliant with the federal Americans with Disabilities Act.

    The current slope has a grade of over 10.5%, which exceeds the ADAs permitted grade of 8.3%.

    The Department of Administrations bonding request cites the tunnels steep slope, which makes traversing the Capitol campus virtually impossible for people with disabilities without a powered wheelchair, especially during the winter months.

    The Capitol-State Office Building tunnel slope. It has a grade of over 10.5%, which exceeds The Americans with Disabilities Acts permitted grade of 8.3%. Photo courtesy of the Department of Administration.

    This cost is on top of the $454 million Minnesota borrowed last year before interest to fund the State Office Buildings renovation, which is underway and scheduled to be completed in time for the start of the 2027 legislative session.

    The tunnel renovation includes construction of a new 15-by-85 foot section adjacent to the existing tunnel. This new section will include an ADA-compliant slope and a new elevator that will assist pedestrians between the new ADA-compliant tunnel and the basement of the Capitol building.

    In 2021, lawmakers created an account to fund the renovation of the State Office Building, but the statutory language did not include renovation of the tunnel. Therefore, the tunnel renovation needs to be approved separately.

    House Majority Leader Jamie Long, DFL-Minneapolis, said it was probably an oversight for lawmakers to omit the tunnel from the State Office Building renovation.

    Long said that his colleagues many times over the years had to push former Rep. Rod Hamilton, R-Mountain Lake, up the tunnels steep slope in his wheelchair so he could make it to the House chamber for votes.

    Long also said hes invited family members to tour the State Office Building and the Capitol, but some had difficulty making it up the tunnels steep slope. They had to stop and catch their breath multiple times, he said.

    It was a real barrier for them to be able to participate fully in what the Capitol complex has to offer, so I think it is a really key accessibility point to get into the Capitol building, Long said.

    Wayne Waslaski, assistant commissioner with the Department of Administration, said renovating the tunnel now construction would begin in August aligns with completion of the State Office Building renovation.

    The tunnel is currently closed, as its being rerouted to connect with the State Office Buildings new addition. Minnesota House members and the public must walk outside and cross the street to access the Capitol and vice versa.

    In December 2022, former Rep. Kurt Daudt, R-Crown, during the committee hearing that gave final legislative approval to the State Office Building renovation, said he had helped push even motorized wheelchairs up the slope near the Capitol.

    Then House Majority Leader Ryan Winkler during the hearing said that lawmakers tried to include the tunnel renovation in with the State Office Building project, but they were told it wasnt within the projects scope of authority.

    I think it was an oversight of ours, probably, not to include (the tunnel) when we did the Capitol building, Daudt said during the hearing. The Capitol renovation was completed in 2017.

    House Minority Leader Lisa Demuth, R-Cold Spring, recently referenced the $8.5 million renovation to the tunnel as another example of Democrats wasteful spending, arguing it should have been included in the State Office Building renovation.

    The post MN lawmakers consider $8.5 million renovation to tunnel connecting State Office Building, Capitol appeared first on Minnesota Reformer.

    Go here to see the original:
    MN lawmakers consider $8.5 million renovation to tunnel connecting State Office Building, Capitol - Voice Of Alexandria

    Office space opens in redeveloped historic building in Greenville’s East Park District – GSA Business - March 5, 2024 by Mr HomeBuilder

    Designed as executive office space, a 3,517-square-foot redevelopment project by Franklin Real Estate Development has opened at 107 E. Park Ave. in downtown Greenvilles East Park Historic District.

    The Franklin features 12 offices ranging from 90 to 225 square feet, a shared break area and conference room. Walls and floors of the 107-year-old structure have been insulated to reduce sound transmission and improve energy efficiency. Leases include utilities, fiber-optic internet service, access to printers and copiers, cleaning services and parking, according to a news release from The Franklin.

    Built as a private residence in 1917, The Franklin was converted into office space several years ago. The two-story, columned structure across from Greenvilles McPherson Park is on the National Register of Historic Places, the release stated.

    The Franklin is the second historic redevelopment project undertaken by Greenville developer and broker Kurt Wallenborn in the past year. Prosper, a 7,000-square-foot office redevelopment project, opened in February 2023 at 832 Wade Hampton Boulevard in the former McBride Office Supply store.

    Related content: Food service company to open Greenville HQ in Landmark Building

    Related content: New affordable housing apartment community breaks ground in Greenville

    Projects like The Franklin and Prosper fueled Wallenborns passion for adaptive reuse projects and historic preservation, according to the release. Both projects received historic tax credits, with Prospers addition to the National Register of Historic Places expected this spring, the release said.

    The Franklin is a great example of what can be done with old buildings, Wallenborn said. These structures are built better than any new construction. The wood is so solid, so tight. This is like a custom house from one hundred years ago. It cant be replicated today.

    Wallenborn has preserved the structures original pine floors. The double hung casement windows were removed and restored then reinstalled.

    Layers and layers of paint were removed, and window weights restored so that all of the windows now open and function properly, Wallenborn added.

    The Franklin engineering, design and building partners include SHLTR Architects, Bluewater Civil Design, Studio Main, Creative Builders, Amy Emery Interior Design, Ivey Communications and Design the Experience. Equity in the project was raised from 33 individual investors through Greenville crowdfunding company Vicinity Capital, with additional financing by United Community Bank, according to the release.

    Franklin Real Estate Development is a development, consulting and brokerage firm founded by Kurt Wallenborn, MRED.

    See more here:
    Office space opens in redeveloped historic building in Greenville's East Park District - GSA Business

    China seeks ways to revive slowing economy and salvage property market as annual congress convenes – The Associated Press - March 5, 2024 by Mr HomeBuilder

    China seeks ways to revive slowing economy and salvage property market as annual congress convenes  The Associated Press

    See the original post here:
    China seeks ways to revive slowing economy and salvage property market as annual congress convenes - The Associated Press

    Digital Signage to Wrap Around Sunset Strip Office Building – The Real Deal - March 5, 2024 by Mr HomeBuilder

    The riddle wrapped in a mystery could well describe a billboard under construction in West Hollywood with an enigmatic office building tucked inside.

    United El Segundo, a holding company led by Ronald Appel based in Cheviot Hills, is behind the 29,000-square-foot office building and billboard at 8497 West Sunset Boulevard, Urbanize Los Angeles reported. It replaces a 31-unit apartment building.

    The three-story office building, dubbed The Now, would be wrapped in digital signage at Sunset and La Cienega boulevards. The project is in conjunction with Rick Moses Development, based in Downtown.

    Designed by Seattle-based Mithun, it features white offices with floor-to-ceiling windows, with second-floor columns and beams that open up like a mouth facing Sunset Boulevard, according to a rendering. The design was initiated by Hodgetts + Fung.

    The digital sign, designed by artist Refik Anadol, juts from the right side of the building.

    The building will include restaurants, shops, an outdoor dining terrace, a public plaza and a 3,000 square-foot extensive green roof, according to Mithun.

    A four-level, 54,000-square-foot underground parking garage for 138 cars, will go under the billboard-office-restaurant extravaganza.

    Poised at the intersection of two famous boulevards, this commercial development extends along an east-west axis, withdrawing on the street-level at an angle to define a public plaza beneath a creative billboard integrated into the building faade, reads a project description by Mithun.

    On the upper levels, elevated terraces provide full-service dining and green space with commanding hillside views of greater Los Angeles.

    The architect claims its design brings a much-needed gravity to the disarray of the Sunset Strip, while meeting a city mandate to add digital media at select locations.

    United El Segundo is a holding company that owns prominent development sites in West L.A. and Santa Monica, according to Urbanize.

    Dana Bartholomew

    Read the rest here:
    Digital Signage to Wrap Around Sunset Strip Office Building - The Real Deal

    A Rainbow Office Building Brightens Up the Tokyo Streets with Prismatic Color Colossal – Colossal - March 5, 2024 by Mr HomeBuilder

    Design #architecture #glass #SAKO Architects

    All images courtesy of SAKO Architects

    If you, like us, were envious of the kiddos attending this kaleidoscopic kindergarten a few years back, we have good news. The architecture firm behind the school has another project with a similarly bold outlook.

    Keiichiro Sako, of the eponymous SAKO Architects, tucked a vibrant building in the middle of a bustling Tokyo street, this time designed for professionals. Titled Vertical Rainbow Office Building, the narrow construction was completed in 2019 and is cloaked with a vivid facade of tempered laminated glass.

    Sakos team developed a special paint that they applied in a gradient so that the view of the city from the office through the terrace is like a landscape photograph with added layers of color, he says. Horizontal frames hold the material in place and add a sleek, minimalist detail. When sunlight hits the building, bright rays illuminate the offices, while evening darkness transforms the building into a beacon of glowing prisms, or what the architect playfully refers to as a night rainbow.

    Find more from the firm on Instagram.

    Do stories and artists like this matter to you? Become a Colossal Member today and support independent arts publishing for as little as $5 per month. You'll connect with a community of like-minded readers who are passionate about contemporary art, read articles and newsletters ad-free, sustain our interview series, get discounts and early access to our limited-edition print releases, and much more. Join now!

    Original post:
    A Rainbow Office Building Brightens Up the Tokyo Streets with Prismatic Color Colossal - Colossal

    Construction begins on The Central development in St. Petersburg – Tampa Bay Times - March 5, 2024 by Mr HomeBuilder

    Published Feb. 28|Updated Feb. 28

    The site of the former St. Petersburg Police Department in the Edge District will be transformed into a mixed-use development with offices, income-restricted apartments, retail, a four-star hotel and public parking.

    St. Petersburg Mayor Ken Welch and other community leaders joined the development team at the groundbreaking of The Central at 1301 Central Ave. on Wednesday.

    If you draw a bullseye around the neighborhood, we are the dead center, said Casey Ellison, CEO of Ellison Development which is heading up the project. Well be the center of the neighborhood, hopefully. Youll come here to eat, work out, shop.

    There will be five buildings across the 2.1-acre site: a 15-story hotel, a 12-story office building, a parking garage with 548 public spaces, a seven-story apartment building and a smaller retail building. There will be 14,000 square feet of retail space spread across the ground level of the entire project.

    The 170-room hotel will be part of Marriotts Autograph Collection. It is the first four-star hotel to be built downtown since the Vinoy. Amenities will include a theater, a restaurant, a listening lounge and a fitness center that is open to the public.

    The office building will have 125,000 square feet of space and tenants will have access to all the amenities of the hotel. Every office suite will have outdoor space as well.

    There will be 42 apartment units designated as workforce housing, meaning theyll be reserved for people who make at or below 120% of the area median income. Right now, thats about $73,080 for a single person, or $104,280 for a family of four.

    A monument on the site will pay homage to the Courageous 12, a group of Black police officers who sued the city in 1965 to end segregation in the police department. The group was honored at the groundbreaking ceremony.

    It symbolizes progress, it symbolizes innovation and a commitment to building a future that honors our past and our history while embracing the opportunities of tomorrow. said Welch.

    The development was first announced in 2019 and came in response to a request for proposal from the city. The project went through several iterations before the final plans were approved by City Council last year.

    Construction will start with the parking garage, and the public will have access to those spaces as soon as the building is completed. Construction on the entire project is expected to wrap by spring 2026.

    Follow this link:
    Construction begins on The Central development in St. Petersburg - Tampa Bay Times

    Construction Begins on Apartment Building in Old Town Alexandria – Alexandria Living Magazine - March 5, 2024 by Mr HomeBuilder

    American Real Estate Partners (AREP) has announced the official start of construction onCityHouse Old Town, the company's latest luxury rental development for the firm's residential platform: CityHouse. Joining them is AREP's strategic investment partner Silverpeak Real Estate Partners.

    The new apartment building will be located at 1101 King St. AREP is converting the building's office space into apartments. The building, which dates to 1983, was a former home to the American Society of Travel Agents and other offices although the building has been 80 percent vacant in recent years.

    Located in the heart of King Street in Old Town, AREP is converting theformer 200,000 SF office building and transforming it into an apartment building. Pre-leasing on CityHouse Old Town will begin in the Summer of 2025, with construction to be completed later that fall.

    CityHouse Old Town is the convergence of location, floor plate, and basis, which offers a unique opportunity for our partners, said Brian Katz, co-founder and president ofAREP. Developing amenity-rich properties with ample space in walkable edge cities is a key tenet of our residential strategy. CityHouse Old Town highlights our vision for distinctive, sought-after destinations and were thrilled to get construction underway.

    The CityHouse community will include approximately 200 homes ranging in size from 525 square-foot studios to deluxe three-bedroom apartments with a den to accommodate hybrid work. Additionally, the building's tiered design allows for private wraparound terraces for the majority of homes.

    Punctuating its unique features and ideal location nearthe King Street Metro, the seven-story

    property with its six-story interior atriumrises above the surrounding buildings. The rooftop terrace will provideviews of Old Town, the riverfrontand DC monuments. CityHouse Old Town will also feature aconcierge, private club suiteand state-of-the-art fitness facility.The location is near a wide array of nearby bars and restaurants.

    "Where you are says a lot about who you are, and CityHouse Old Town epitomizes AREP's strategy of creating extraordinary places where people want to be. CityHouse Old Town is not just a residence it's a sensibility," saidMark Taylor, managing director of Residential for AREP.

    To ensure that the investment team'sdevelopment visionfor CityHouse Old Town was met, AREP selected an award-winning design and construction team: Cooper Carry led the redevelopment design, residential hospitality design studio RD Jones designed the interior spacesand Hoar Construction is the general contractor. Bozzuto Management continues its partnership with AREP and will serve as property manager once CityHouse Old Town delivers in Fall 2025.

    More:
    Construction Begins on Apartment Building in Old Town Alexandria - Alexandria Living Magazine

    Edinburgh’s Stamp Office building unveils modern face-lift – Scottish Construction Now - March 5, 2024 by Mr HomeBuilder

    The Stamp Office building

    Refurbishment work to a well-known Edinburgh city centre building has been completed, making available new space to lease in the capital city as options for high-quality and well-located offices remain in short supply.

    The interior of the Stamp Office at 10 Waterloo Place adjacent to Waverley Station and St James Quarter has been comprehensively refurbished within the Grade A listed Georgian faade, with three floors now available for new occupiers.

    In addition to new-look receptions and common areas, substantial end-of-journey facilities for active commuting have been added to the buildings basement level. These include ample cycle storage, a drying room, a reFit wellness room incorporating Peloton bikes and top-grade changing and shower facilities.

    Following the investment, the building is anticipated to achieve ActiveScore Platinum accreditation.

    The upgrades have also improved the buildings energy performance, with a new EPC A rating as a result of new heating and lighting systems on the fully refurbished 7th floor. The interiors have a defurbished design, bringing the historic building in line with modern occupier requirements, including exposed ceilings with visible pipework and vents, matched with attractive interior design offering a bright look and feel.

    Stamp Office is owned by CityBee, the UK office joint venture between Europi Property Group and Trinova Real Estate, with Knight Frank and EYCO acting as joint leasing agents. Current tenants include health technology business Current Health and digital design consultancy xDesign.

    Toby Withall, office agency partner at Knight Frank Edinburgh, said: Stamp Office is steeped in history and, combined with the prime location beside Waverley Station and St James Quarter, it is an attractive place for businesses to call home.

    This package of upgrades means the buildings accommodation is now perfectly matched to the style and amenities modern occupiers demand, focusing on employee wellness and sustainability in equal measure.

    The imbalance between the supply of office space in Edinburgh and demand continues, making refurbishment projects critical to ensuring new, top-quality space is available for businesses who want to set up a base here or relocate within the city.

    Here is the original post:
    Edinburgh's Stamp Office building unveils modern face-lift - Scottish Construction Now

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