Tag: Redevelopment
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Celera Properties JV Completes 1st Phase of Boston Life Science Redevelopment
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The redeveloped 600 Federal Street. Image courtesy of CBRE The redeveloped 600 Federal Street. Image courtesy of CBRE The redeveloped 600 Federal Street. Image courtesy of CBRE A joint venture between Celera Properties and True North Management Group has completed the first phase of the 250,000-square-foot Andover Technology Park. The redevelopment project involves the repurposing…
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7 Penn Plaza to get new roof deck, upgraded lobby amid Penn redevelopment pause
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While the city, the state and Vornado Realty Trust weigh options for how and when to redevelop the Penn Station and Madison Square Garden area, commercial landlords with properties just outside the proposed condemnation area aren’t waiting to upgrade their buildings. At the Feil Organization’s 370 Seventh Ave., branded as Seven Penn Plaza, a capital improvements program…
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Brennan Investment Buys Office Asset for Industrial Redevelopment
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RMC² aerial rendering. Image courtesy of Brennan Investment Group Brennan Investment Group has acquired a 485,000-square-foot office building in Rolling Meadows, Ill., with plans to redevelop the property into a Class A industrial park. Upon completion, 3800 Golf Road is set to be renamed the Rolling Meadows Commerce Center, or RMC². According to CommercialEdge data,…
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Lake-Kedzie redevelopment plan seeks to improve West Side’s story
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A long-vacant commercial area in the East Garfield Park community could come alive again under a redevelopment effort detailed by the city this month. A trio of teams have been shortlisted by city officials and community residents to bring new housing and retail to three sites around Lake Street and Kedzie Avenue, all within the…
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Echo Park’s Taix redevelopment project clears a final hurdle
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The Los Angeles City Council has removed one of the final hurdles for the controversial redevelopment of Taix French Restaurant, voting unanimously to reject an appeal filed by a group seeking to preserve the long-standing Echo Park restaurant’s building. The appeal could have delayed the redevelopment of the old-school restaurant, known for its tureens of…
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Retail Property Redevelopment Strategies – Commercial Property Executive
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Retail properties are going through a transformation in how they are used by customers, retailers and operators. Keeping up with the constantly evolving nature of the sector is placing pressure on owners to reimagine their space and find the best combination of uses for their properties. Redevelopment options may feature converting indoor malls to open-air,…