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    Category: Office Building Construction


    Sturgeon’s Flatworks will be one of the tallest cross-laminated timber towers in the west – Portland Tribune - May 24, 2020 by admin

    Eight stories is a lot for wood; Vanessa Sturgeon and Bob Thompson predict a V-shaped recovery.

    Sturgeon Development Partners (SDP) plans to build one of the tallest cross-laminated timber (CLT) buildings in the western United States in an opportunity zone on Southeast Grand Avenue between Ash and Pine Streets.

    Called the Flatworks Building, and based at 234-236 S.E. Grand Ave., groundbreaking is set for the end of 2020, with completion in the second quarter of 2022. LMC Construction of Tualatin will be the contractor. The 130,000-square-foot speculative office building will be eight stories tall and shows the confidence that SDP's president, Vanessa Sturgeon, has in the Portland economy despite the most significant economic depression since the 1930s (see sidebar).

    "We are confident in Portland's future to attract more businesses and talent to the region," said Sturgeon, who is the granddaughter of developer Tom Moyer and one of the forces behind Fox Tower and Park Avenue West.

    "These have been challenging times for our city, state and country amid the coronavirus, but we will emerge from this stronger. SDP is investing now, because we believe Portland's commercial real estate industry will continue growing, and that our city's economic future is bright."

    Flatworks will use Mass Plywood Panels, which are not made in the same crisscross pattern as cross-laminated timber. The building's design shows it will have an eco-roof and be green building certified, as well as having 42 parking spaces and 45 bike parking spaces. The current tallest CLT building in Portland us Carbon12 on Northeast Fremont Street, which is 85 feet tall.

    At the time the design was submitted to the Bureau of Development Services, architect Bob Thompson of TVA Architects commented on the building's retro design of tall windows and a mix of precast concrete cladding and brick.

    "The building will honor and respect the character and the massing the overall look and feel of the historic buildings that make up the Grand Avenue Historic District." The architect will make its design presentation to the city's Historic Land Use Commission on June 1.

    Thompson said, "Oregon and the Pacific Northwest are driven by the timber industry which has allowed us to lead the nation in the continuous evolution of wood-framed buildings," said Thompson. "Portland's inner southeast industrial district over the coming decade will emerge as one of the fastest-growing neighborhoods supporting new creative office space, galleries, restaurants and housing. The views back to the city and the West Hills are unparalleled, along with its connection to light rail and our downtown core."

    Thompson is optimistic about the local economy, saying the fundamentals are good and that as soon as the coronavirus restrictions are lifted, activity will rebound. The recovery will be V-shaped rather than U- or L-shaped.

    Flatworks will take a year to design, but some of that work will overlap with construction drawing and groundbreaking, making it three year's work executed in two. Thompson is sure it will open in early 2022, and there will be demand for office space.

    "The economy should be back up and running in a pretty big way. We're being pretty proactive about making sure that there is available office space back out on the market."

    "I do think one of the best things that Oregon's done, though, is keeping the construction industry open during this period of time. It's reinforcing the economy better than a lot of states have that it's done, those that put a halt to construction. We had a number of projects in Washington that went on hold when Governor Inslee rolled construction and manufacturing into a part of their non-essential work. He's since watched what's happened in Oregon and how successful Kate Brown's program has been, and they've reopened construction now and manufacturing, which is a real positive for their economy."

    He is optimistic TVA can survive on a mixture of private and publicly funded work. The firm made it through the last recession thanks to private-sector work such as the new headquarters project for Nike over in Shanghai, China, the Phil Knight-funded Matthew Knight Arena at the University of Oregon, and the Park Avenue West tower next to Nordstrom.

    "They were all large projects which kept our staff in place, all well-funded projects, too, which really helped us navigate through the Great Recession. Now we're very busy in the health care area and the multifamily housing."

    He points out that Park Avenue West was just a hole in the ground for five years because "it was privately funded by Mr. Moyer (Vanessa Sturgeon's grandfather). Then when they went out to the lending markets, that's when the economy obviously started to decline, in 2008, 2009."

    This downturn is different.

    "That recession was all economically driven. There was a lot of long term uncertainty. This (coronavirus slowdown) is a problem independent of the economy. The economy at heart is still strong. Once they find a vaccine, hopefully, the recovery time will be quite a bit shorter."

    Thompson told the Business Tribune that it has been interesting seeing his team of 50 working from home and communicating well virtually.

    "It's going a lot better than what I ever anticipated. I miss the collaboration or the ability to more fluidly connect with people versus like a Zoom meeting."

    TVA has 30 projects on the go. Being project-based means staff has some security two or three years ahead. "Construction is up and running still, which is a blessing. We should be thankful.

    Thompson has a wide-angle view of the coronavirus pandemic.

    "I'm 65, and back in the late 1960s, there was the Hong Kong flu, and it killed every bit as many people as this one."

    He points out that the Woodstock music festival, which pulled together 400,000 people in a field, was in the summer of 1969 right after the Hong Kong flu, which then spiked in the winter of 1969.

    "We didn't have social media and the cable networks. It was pretty much left up to the medical professions and the scientists, and it wasn't politicized. It just kind of happened and the economy was never closed. I'm not a proponent for that. It's just interesting."

    Sturgeon told the Business Tribune that opportunity zones caused a stir when they were first announced.

    "They caused a lot of interest at the beginning. The COVID crisis has shut down the economy for the moment, but we raised a lot of money for the fund pre-COVID. This project has been in the works for quite some time."

    The investors are still keen.

    "We haven't heard from anyone that's getting cold feet. The timing is solid because the economy should be recovered by the time we are opening (in 2022)."

    Speaking about construction in Portland in general, Sturgeon said, "I think the projects that have already started are going to continue. The question is whether people are going to continue to build speculative office and retail projects."

    The big question is how the market for office and retail space will change. She expects some retail bankruptcies. And the trend for collaborative workspaces no cubicles, long tables and hot-desking with people wearing headphones is now dying.

    "I think people are thinking about what if this happens again, can we weather the storm effectively? How can we be compliant with social distancing? It costs a lot of money to shut down. Right now, our feeling is that we need to build better stuff. So (that means) creating a workspace that really draws attention and fits with their values. We're talking about the tallest cross-laminated timber office building in the West."

    Sturgeon says that kind of project will attract companies who value sustainability, the comforting feeling of wood, and the walkability of offices with retail spaces on their ground floor.

    "You have to really build something that speaks to people. Standard office space is potentially going to be sitting for quite some time."

    She's a big fan of TVA Architects. "We have always felt that Bob's architecture stands the test of time."

    Asked what could jeopardize the project in the next two years, she recalled a talk by Ben Bernanke, former Chairman of the Federal Reserve, gave to the Brookings Institution saying that the coronavirus recession is not going to be anywhere near like the Great Depression.

    "Frankly, my biggest worry is how it's going to impact people who were already in a tenuous financial position. So, the homeless or those living on the brink of homelessness. I think that the economy is going to rebound and it's not going to be a two-year problem. It's going to be a significant issue for the next several months or year, but Portland has a very strong and stable economy, we don't overbuild. Our growth is that steady, and I don't see the virus changing that."

    Asked whether local officials have done a good job so far, she said she didn't know.

    "The state officials are in a very tough spot. They're prognosticating and doing their best to balance reopening the economy with keeping people safe and healthy. That's really impossible. So, there's definitely going to be some (policy) fixes later."

    SDP also has a project at Thurman and Northwest 17th, and she still expects it to open on time in early July. It's another speculative project, a machine shop being converted into creative office space, and it does not have any tenants yet. "For a really well-done office project, I don't worry."

    She sees Portland's growth as unstoppable by any recession.

    "I look at Portland as an organic growth area. There are a lot of tech that our opening offshoot offices here, but we also have a lot of organic growth from local companies."

    Joseph GallivanReporter, The Business Tribune971-204-7874This email address is being protected from spambots. You need JavaScript enabled to view it.Follow us on Twitter, Facebook and InstagramSubscribe to our E-News

    You count on us to stay informed and we depend on you to fund our efforts.Quality local journalism takes time and money. Please support us to protect the future of community journalism.

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    Sturgeon's Flatworks will be one of the tallest cross-laminated timber towers in the west - Portland Tribune

    Not to be crude, but Oklahoma City and Houston, we have a problem – Oklahoman.com - May 24, 2020 by admin

    Office usage in Dallas-Fort Worth and Denver is more varied, and it shows in the stats, according to CoStar.

    "The Dallas-FW office vacancy rate is the least impacted relative to the major energy markets, only rising from 18% currently to 19% in the worst-case scenario. Denver, with the lowest overall 4&5-Star vacancy rate among these markets, could see a slight rise in vacancies of 2.5 percentage points in the worst-case scenario but would still retain the tightest vacancy rate across the four metros."

    Comparing not-so-lil-ol' Oklahoma City, population 655,057, to Houston, population 2.3 million, isn't quite as crazy as it seems when the historic-economic kinship of the oil business is taken into consideration. Plus we should probably get ready for more comparisons with bigger cities, and more caveats. In case you missed it, Oklahoma City is now the 25th largest city in the United States, up six spots since 2010, according to the Census Bureau.

    Things change. Population isn't everything. Tulsa used to be known as the Oil Capital of the World, and CoStar didn't even look that direction.

    (Story continued below...)

    Email Real Estate Editor Richard Mize at rmize@oklahoman.com.

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    Not to be crude, but Oklahoma City and Houston, we have a problem - Oklahoman.com

    Building the future | Columnists – San Mateo Daily Journal - May 24, 2020 by admin

    For centuries people have been trying to predict the future, and with good reason. Personally, if I knew for certain what the future held, Id arrange some way to bet on what is a sure thing. Because of all of the upheaval we are experiencing from COVID-19 and because of our governments unprecedented response many of us are more desperate than ever to know what the future has in store. Unfortunately, because many aspects of our current situation are unique, we cannot really rely on the past as a guide, thus complicating efforts to see into our future.

    Difficult though it is, there are some people whose livelihoods depend upon their ability to predict at least some aspects of the future. Restaurants, for instance, were created based on predictions of how well theyd be received. Because of COVID-19, once again their owners are frantically reading the tea leaves, trying to understand what lies ahead and whether they can even remain open. To stay open, restaurant owners need to know how long itll be before their customers will return in large numbers, and, unfortunately, no one can say just when that will be.

    Restaurateurs arent alone. For instance, predicting the future is a key part of what real estate developers do. Large developers dont build for today, but instead build based on a future day, some years in the future, when their project will be completed and can be leased. For instance, back in mid-2014 when Greystar first proposed the apartment building that stands on Jefferson Avenue at Franklin Street now known as the Cardinal Apartments building they must have anticipated that there would still be a need for the buildings 175 apartments some years down the road (it opened in late 2019, after five and a half years).

    While our economy was humming along and demand for both housing and office space was strong, making such predictions was probably easy. No longer, however. For instance, after some two months of office workers having to work from home, many probably assumed that office work would soon return to some semblance of normal. However, Mark Zuckerberg, Facebooks chief executive, recently announced that Facebook would allow many of its employees to make their work-from-home situations permanent. If other area companies end up following suit, this would have huge implications for our commercial real estate developers. Just possibly, it could cause demand for additional office space in our area to vanish almost overnight.

    If employees no longer need to commute to a central office, they would no longer need to live in the area. Some of Facebooks employees have already left Silicon Valley, and, given our high cost of living, I expect that more may follow suit. A large enough shift to working from home could thus soften our need for additional housing, and potentially cause demand for new housing projects to dry up.

    Complicating the equation is the fact that our demand for housing currently outstrips our supply. Depending on how many people choose to uproot their families and leave the area, we might see some of the not-yet-finished housing projects having to struggle to find tenants.

    Projects already underway, such as Greystar IV (the 350-unit apartment building well on its way to completion at 1409 El Camino Real in Redwood City), will likely be finished regardless, since a completed building in a soft market is better than a half-finished one with no hope of generating revenue. But I have to imagine that developers of office and residential projects that have yet to break ground or that have yet to be approved are rushing to their crystal balls and reassessing their projects prospects in the light of our new, uncertain future.

    Not all projects have a murky future. For instance, the office project being built at 1180 Main St. (across from the Main & Elm restaurant) will likely go ahead, since that building has been preleased to the Chan Zuckerberg Initiative. But one has to wonder about proposed developments such Greystars large South Main Mixed-Use project (which would replace Towne Ford and Hopkins Acura, among others). Id have also put the proposal to redevelop the Sequoia Station shopping center in the questionable bucket, but it seems that Lowe, the projects developer, has told the city that they want to press on.

    Because large construction projects take a long time to complete, thanks to the many that are currently underway, well be seeing construction activity for the next couple of years. But as they continue, Ill be watching those projects that are currently either proposed, or are approved but not yet started. If those proceed, itll be an indication that our real estate developers see growth in our future, and that our future is one on which they are willing to bet real money.

    Greg Wilson is the creator of Walking Redwood City, a blog inspired by his walks throughout Redwood City and adjacent communities. He can be reached at greg@walkingRedwoodCity.com. Follow Greg on Twitter @walkingRWC.

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    Building the future | Columnists - San Mateo Daily Journal

    New Plush Mills Office and Retail Development Coming to Greenville – Greenville - May 24, 2020 by admin

    Staff Report

    A new five-story office and retail building will expand the Plush Mills campus near Greenvilles West End Village, with the project expected to be delivered by the M Peters Group in 2021.

    The M Peters Group has played a key role in improving Greenvilles West End with the rehabilitation of the historic Plush Mills building. The Greenville-based firms focus is on economically impactful redevelopment of brownfield sites located in transitional areas.

    We believe that redeveloping property in a blighted area can be the spark for the revitalization of an entire community, said Mark Peters, M Peters Group's managing partner.

    The commercial development is the first in the Greenville area to use mass timber construction. The buildings architectural design, by Perkins & Will, pays homage to the local textile industry by using folded fabric as the inspiration for the building facade.

    Supporters say the sustainable design reduces its overall carbon footprint. Natural insulating properties offer strong thermal performance and the exposed wood structure serves as a high-end finish, they say.

    The expansion of Plush Mills is yet another sign that our local economy is back! West Village continues to be the heart of many innovative and vibrant projects. All of them play a role in restoring confidence in Greenvilles future, said Greenville Mayor Knox White.

    Downtown continues to expand to the west with significant new developments, including the expansion of the Plush Mills campus, the Trehel office building, and the Bon Secours St. Francis Medical Center expansion.

    CBREs Shelby Dodson is working with the M Peters Group to lease the building.

    Said Dodson, CBREfirst vice president: We are delighted for the opportunity to join the M Peters Group team to lease Plush Mills. The building is ideal for tenants looking for high visibility in a premier Greenville location."

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    New Plush Mills Office and Retail Development Coming to Greenville - Greenville

    CIM Group Unveils Fifth + Tillery in East Austin Creative Office Building Featuring Outdoor Walkways and Solar Power – Yahoo Finance - May 24, 2020 by admin

    CIM Group announced today that it is preparing to open Fifth + Tillery, a newly constructed three-story, approximately 182,700-square-foot creative office building with outdoor walk-up access located at 618 Tillery Street in East Austin. Situated just off East 7th Street, a main thoroughfare, the property is within a short drive to both Austins Central Business District and South Congress submarkets and also has convenient access to mass transit and biking options.

    Fifth + Tillery offers the features that appeal to a host of businesses such as technology, service providers, design firms, and others. Particularly given the new environment which is prompting a fresh look at office space usage, each of the buildings three large floors, ranging from approximately 50,000 to 65,000 square feet, provide for flexible configurations. All floors are accessible from outdoor walkways and staircases from the ground level parking, without having to traverse a central lobby or take an elevator. The floors are divisible into various office sizes.

    Office suites are infused with natural light from the expansive windows and have outdoor balconies where employees and guests can enjoy the area views while conferring together in a large open space. Adding to the buildings outdoor features is a vast landscaped courtyard with ample areas for separated seating along with theater-style steps up to the building, providing another option for open air distanced gathering.

    A steel frame, solar panel canopy spans from the roof across the front courtyard providing approximately 600 kw of energy for the building. This impressive solar component allows the building to be considered net neutral in electric utility usage, a significant feature for tenants mindful of their environmental footprint as well as potential cost-savings in terms of shared building costs. The functional canopy also provides a distinctive architectural element to this bright, modern building.

    CIM Group acquired Fifth + Tillery, partially under construction, in October 2019 along with 507 Calles Street and a warehouse/office building located at 1300 E. 5th Street. Fifth + Tillery is anticipated to be complete in July.

    For more than 10 years CIM has been an active owner, operator, and developer of over 2.2 million square feet of properties in Austin, bringing quality real estate uses to enhance the area as it does in other communities across North America. In addition to Fifth + Tillery, CIMs Austin office portfolio includes Penn Field, Hartland Plaza, Eastside Village, and Chase Tower, 507 Calles and 1300 E. 5th Street. CIM also owns and operates the District at SoCo apartments and was a co-developer of the Seaholm Power Plant mixed-use redevelopment as well as The Independent luxury condominium tower.

    For leasing information regarding Fifth & Tillery please call (512) 814-3403 or visit https://5thandtillery.com/.

    About CIM Group

    CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Since 1994, CIM has sought to create value in projects and positively impact the lives of people in communities across the Americas by delivering more than $60 billion of essential real estate and infrastructure projects. CIMs diverse team of experts applies its broad knowledge and disciplined approach through hands-on management of real assets from due diligence to operations through disposition. CIM strives to make a meaningful difference in the world by executing key environmental, social and governance (ESG) initiatives and enhancing each community in which it invests. For more information, visit http://www.cimgroup.com

    View source version on businesswire.com: https://www.businesswire.com/news/home/20200521005177/en/

    Contacts

    Karen DiehlDiehl Communicationskaren@diehlcommunications.com (310) 741-9097

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    CIM Group Unveils Fifth + Tillery in East Austin Creative Office Building Featuring Outdoor Walkways and Solar Power - Yahoo Finance

    Plush Mill campus adding five-story office and retail building – Upstate Business Journal - May 24, 2020 by admin

    The historic Piedmont Plush Mill campus will soon be adding a new five-story office and retail building.

    Expected to be completed sometime next year, the 92,000-square foot office and retail redevelopment will expand the Plush Mills campus in the Village of West Greenville. Plush Mills is located right down the road from OJs Diner and across the street from St. Francis Downtown.

    The redevelopment of the former mill, which currently serves as the home of the office and coworking space Venture X, is among a series of development projects underway in the Village, including the revitalized Trehel office building and the expansion of St. Francis.

    The project is being developed by Greenville-based M Peters Group, which previously developed the condominium and townhouse complex Cornerstone 1909 and the subdivision Cottage Gate in Easley and the Raven Hill Subdivision in Anderson.

    The development will be the first in the Greenville area to use mass timber construction, according to a statement from the developers. The design of the building, by Perkins and Will, pays homage to the local textile industry by using folded fabric as the inspiration for the building faade.

    No tenants have yet been announced. Shelby Dodson of CBRE is working with the M Peters Group to lease out space in the building.

    The former mill, which was founded in 1925 by Fred W. Symmes and Clifton Corley, was designed by J.E. Sirrine. The mill gained its Plush Mill name for being the first mill in South Carolina to make plush, a fabric known for its soft and luxurious feel. Later the mill produced mohair, velour and auto upholstery. It employed generations of families before closing its doors in 1983.

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    Plush Mill campus adding five-story office and retail building - Upstate Business Journal

    Plan to Transform Burgeoning Area Approved by Planning – SocketSite - May 24, 2020 by admin

    As expected, the proposed framework for rezoning San Franciscos 84-acre Hub District, a burgeoning area which is effectively centered around the intersection of Van Ness and Market, within the Citys Market and Octavia Plan Area, has been adopted by San Franciscos Planning Commission.

    In addition to improving and activating the areas streets, alleys and public realm, the Hub District Plan, which is now formally known as the Market Octavia Plan Area Amendment, would allow for the development of a taller, larger, denser, and more diverse array of buildings and heights, including the potential for a tower to rise up to 650 feet in height at 1 South Van Ness Avenue, cementing the intersection as the visual hub of the neighborhood.

    If San Franciscos Board of Supervisors concurs, the public hearings for which will likely commence this Summer, the Plan Area Amendment would allow for up to 9,710 new residential units to rise within the boundaries of the District with room(s) for nearly 20,000 new residents (versus a maximum of 8,070 new units as currently zoned).

    And while the plan would result in the development of some new office space as well, such as at the base of the proposed tower to rise at 30 Van Ness, the net increase in the number of new area jobs that the plan is projected to yield, accounting for the loss of existing commercial spaces which would be redeveloped, is now effectively zero as compared to today.

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    Plan to Transform Burgeoning Area Approved by Planning - SocketSite

    Some major Columbus development projects on hold while others move forward – msnNOW - May 24, 2020 by admin

    Provided by The Columbus Dispatch Work is progressing on Gravity 2, across West Broad Street from the original Gravity mixed-use development in Franklinton that opened in April 2019. The second Gravity phase will be larger and include residences, offices, restaurants and parking. As work on it moves forward, developers are trying to anticipate how the pandemic will change what people want in their living and working spaces. [Doral Chenoweth/Dispatch]

    At least one major Columbus development is on hold and others are being downsized as builders and lenders try to grasp the long-term damage caused by the coronavirus pandemic.

    A plan to build offices, residences and a parking garage on South 3rd Street across from the Statehouse has been paused because of the crisis.

    In addition, new hotels planned for Grandview Crossing and in Worthington have been delayed or halted as the hotel industry wrestles with its worst crash in a century. An office building in Italian Village also is on hold.

    "There's never been so much uncertainty," said Mike Schiff, CEO of the Columbus development firm Schiff Capital Group. "It makes it tough for anybody to make a business decision now."

    For the most part, developments already underway, such as the new Crew stadium and the Hilton hotel tower next to the Greater Columbus Convention Center, continue to move forward.

    Other major Columbus projects also are proceeding, including one of the most ambitious the first phase of a massive development on the west side of the Scioto River, next to COSI Columbus.

    "The Scioto Peninsula project is moving full steam ahead," said Amy Taylor, chief operating officer of the Columbus Downtown Development Corp., which is overseeing the project.

    The first four buildings in that development a hotel, an office building and two apartment buildings are scheduled to come before the Columbus Downtown Commission on Tuesday. Plans for a parking garage are expected to be presented in June, and construction should start in September.

    Also moving ahead: a $200 million complex on the North Market parking lot that will include a hotel, offices, residences, restaurants and a parking garage.

    Jim Merkel, CEO of Rockbridge, a key player in both the Scioto Peninsula and North Market projects, is confident they will proceed on pace despite huge uncertainties in the hotel and office industries.

    "The reality is some people will be able to get their projects moving forward and some will not," he said.

    In Franklinton, work is proceeding on Gravity 2, the second and largest phase of the Gravity development on West Broad Street, said its developer, Brett Kaufman.

    "The COVID situation has made things more complicated and has slowed things down, but we're still moving forward," said Kaufman, CEO of Kaufman Development. "We're taking this opportunity to make sure we're adapting our product to what the new world of offices will look like."

    Kaufman said the project has been tweaked to include touchless elevators and doors, antibacterial surfaces and a more sophisticated air-circulation system.

    Work also is moving ahead on the redevelopment of the Trolley Barn site in Franklin Park, a key project in the revitalization of the Near East Side.

    "When this happened, there was a period of unknowns when we slowed down because we didn't want to put people at risk," said Brad DeHays, with the developer Connect Real Estate.

    "We were supposed to open at end of the year. That will be a tough timeline to hit," he added. "The next six months will determine if we can get back to our original schedule."

    DeHays and others worry about the long-term damage to Columbus' growth that a slowdown could cause.

    "If we stop new developments now, we're going to have a huge hole in our economy in a few years," he said.

    Other developers are stepping back until the coronavirus dust settles.

    One of the largest projects on hold is a mixed-used development on the northeast corner of East State and South 3rd streets across from the Statehouse.

    "At this point, we have paused our development efforts," said Chris Ruess, president and CEO of Capitol Square, which was developing the site with Elford Development.

    "We have taken our foot off the proverbial pedal to see where this situation leads us. But we remain prepared and eager to quickly move forward when current market disruptions subside."

    Offices, which made up a key part of the Capitol Square project, are facing enormous uncertainty as companies wrestle with the long-term implications of working from home.

    "Every company we're talking to is evaluating, first and foremost, their remote working strategies and what that means for offices moving forward," said Robert White Jr., president of the Columbus office builder Daimler, which is still planning to build a 240,000-square-foot speculative (without a tenant) office building on the Scioto Peninsula.

    Wagenbrenner Development also is facing office-related questions as it moves forward on the final stages of its Jeffrey Park development in Italian Village, which was originally scheduled to include a major office building overlooking Interstate 670.

    "We're confident office will still lease there, (but) it's definitely delayed," said Mark Wagenbrenner. "There's users circling, and we're entertaining those users, and we could react quickly if a user came along."

    A hotel planned for Wagenbrenner's Grandview Crossing development also will be pushed back at least a year, he said.

    "We've postponed the one hotel project, but the residential remains strong, unbelievably strong considering what we've been through," he said.

    While Wagenbrenner expects a hotel to eventually be built at Grandview Crossing, that's not the case with the redevelopment of the former Holiday Inn site in Worthington.

    The developer, the Witness Group, announced in April that the project will not include a Tru by Hilton hotel. Instead, Witness hopes to fill the space with high-end offices.

    Developers agree that the safest projects now are residential, where demand seems undiminished by the pandemic.

    But even those projects are being delayed, in part because cities and townships have struggled to hold the necessary meetings to approve projects during the pandemic.

    "We're definitely seeing demand," said Tre Giller, CEO of Metro Development, which is working on nine apartment complexes in central Ohio right now.

    "The real issue is, if you didn't have a project approved and ready to start before the pandemic hit ... you're now 60 to 70 days behind where you thought you would be."

    Giller said three Metro Development complexes with about 1,100 apartments have been in limbo for much of the spring.

    "It's causing delays that are starting to kill projects," he said. "Landowners don't want to wait forever. The market changes; situations change."

    jweiker@dispatch.com

    @JimWeiker

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    Some major Columbus development projects on hold while others move forward - msnNOW

    St. John Properties to build business parks in Springville, Taylorsville – Daily Herald - May 24, 2020 by admin

    An East Coast real estate developer announced on Thursday that it would begin construction this summer on two business parks in Utah, including one in Utah County.

    St. John Properties, which has a regional office in Pleasant Grove and is headquartered in Baltimore, Maryland, will develop a total of 525,000 square feet of office space between two business parks in Springville and Taylorsville.

    The Spring Pointe Exchange project in Springville will be built on a 17-acre stretch of land located just west of Interstate 15 and will consist of six buildings with enough space for 750 employees total, according to a news release.

    Tenant sizes from 1,800 square feet up to 42,600 square feet of space offer businesses straightforward, economical and high-utility space in a covenant-protect, well-maintained atmosphere, a description of the Spring Pointe Exchange project said. The buildings will feature 30-foot wide spaces and 18-foot high ceilings to offer maximum flexibility.

    The Beltway West project in Taylorsville, which will be located 9 miles south of the Salt Lake City International Airport, will consist of four single-story office buildings and one six-story building.

    The two projects are expected to total $120 million in new capital, according to Daniel Thomas, regional partner for St. John Properties Utah.

    During a press conference on Thursday, Thomas said the two projects, combined with the Valley Grove project in Pleasant Grove that began in 2017, bring St. John Properties total investment in Utah-based projects to approximately $500 million.

    Thomas said he wanted to express some sensitivity for the challenges businesses are facing during the COVID-19 pandemic and provide leadership during a time of economic uncertainty.

    Its not easy out there right now for a lot of them, Thomas said about St. John Properties clients. And were here to talk about investment and spending and growth, and I just dont want to diminish the challenges that our own clients are going through. And so what were hoping is that by talking about this investment that were providing some hope and some leadership looking through the current economic and health challenges.

    Gov. Gary Herbert spoke at the press conference about Utahs reputation for being one of the most business-friendly states in the country, adding that the state has tried to live up to that reputation by supporting free market principles and encouraging business development.

    We are first and foremost free market capitalists in Utah, and we unfortunately see some of that being forgotten around the country, the governor said. But not here in Utah.

    Herbert stressed the importance of Utahns having confidence in how the state will emerge from the pandemic, whether thats confidence that the restaurant they eat at is maintaining health and safety standards or confidence in the private sector to come up with innovative solutions to sustain the economy.

    This is an unprecedented and kind of an uncertain time, he said. If people that have capital dont have confidence in where theyre going to invest, most things dont happen.

    According to Thomas, the business parks for both the Springville and Taylorsville projects will be Leadership in Energy and Environmental Design (LEED) certified, which is a rating system used by the United States Green Building Council to determine how environmentally friendly buildings are.

    The Pleasant Grove-Lindon Chamber of Commerce named St. John Properties the Business of the Year in 2018 for the Valley Grove development project.

    Thomas said the Valley Grove project has grown to a total of 85 acres since it was first built in 2017 and that the real estate developer would continue expanding the project.

    More information about the business park development project in Springville can be found at http://sjpi.com/springpointe.

    Connor Richards covers government, the environment and south Utah County for the Daily Herald. He can be reached at crichards@heraldextra.com and 801-344-2599.

    Read more:
    St. John Properties to build business parks in Springville, Taylorsville - Daily Herald

    GKV Architects Proposes Exterior Renovations For Historic Building on the Upper West Side – New York YIMBY - May 24, 2020 by admin

    GKV Architects has unveiled proposals to renovate an existing rental property at 240 West 73rd Street on Manhattans Upper West Side. Known as The Tempo, the building is located in the West End-Collegiate Historic District and could eventually be renamed The Penelope.

    The building originally debuted in the late 1920s as The Hotel Commander. Designed by architect Leo F. Knust, the faade is comprised of beige brick, granite, and limestone masonry. Considering the historic location and architecturally significant faade, the project team is required to seek explicit approval from the Landmarks Preservation Commission. To help ensure all historic artifacts and architectural elements are properly preserved or replaced where required, GKV Architects is working closely with preservation specialists Higgins Quasebarth & Partners.

    The proposed scope of work is primarily limited to the buildings north-facing faade along 73rd Street.

    Beginning at the ground floor, the project team intends to replace the existing glass and metal canopy and plaque with a new bronzed metal marquee and signage. Renderings also reveal the replacement of the existing main entrance, the installation of new double-hung windows on either side of the entryway, new dedicated entrances for an on-site medical office and service staff, and new security cameras.

    Existing conditions (left) and proposed replacement (right) of building canopy GKV Architects

    Proposed facade and canopy at 240 West 73rd Street GKV Architects

    Above the ground floor, the project team has proposed the removal of all PTAC units. The resulting voids in the faade would be filled with concrete and specked gray brick to match existing conditions.

    At the roof, the project team has proposed the installation of VRF condensing units to improve the buildings energy performance, replacement of existing mechanical screens, and construction of a new stair bulkhead in a similarly hued stucco material.

    The developing agent responsible for the project is listed as Aimco, dual owner and property management firm for the residential building.

    View of existing roof (left) and proposed alterations (right) GKV Architects

    View of existing structure and roof mechanical (left) versus updated massing (right) GKV Architects

    Subscribeto YIMBYs daily e-mailFollowthe YIMBYgram for real-time photo updatesLikeYIMBY on FacebookFollow YIMBYs Twitter for the latest in YIMBYnews

    Read the original:
    GKV Architects Proposes Exterior Renovations For Historic Building on the Upper West Side - New York YIMBY

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