Tag Archives: finally

After 16 Years, Old Cook County Health Center Redevelopment Finally All Set to Start

Civic Health Advancement Group Closes on $135 Million Financing to Commence Multi-Phase Rehabilitation

Let the recovery start at the 104-year-old Old Cook County Health center, which ducked the trashing ball however has been in an ongoing state of degeneration since it was deserted in 2002.

Private developer Civic Health Advancement Group closed on the $135 million financing to redevelop the 1914 Beaux Arts brick, granite and terra-cotta structure at 1835 W. Harrison St., inning accordance with MB Real Estate.

Led by Chicago-based designer John Murphy of Murphy Development Group, the long-awaited conversion of the 345,000-square-foot building to a hotel is set to begin a five-phase redevelopment in partnership with Cook County within the fledgling Illinois Medical District Gateway task.

Murphy approximates the full project will eventually be valued at up to $1 billion.

“This very first stage is only the start of exactly what will be a considerable redevelopment of the Illinois Medical District that will have a massive favorable effect,” Murphy stated.

The massive overhaul of the eight-story building, initially designed by Cook County designer Paul Gerhardt, is slated to begin in June. Strategies call for a dual-branded 210-room Hyatt House/Hyatt Location Hotel at one end, with 71,000 square feet of office space and 25,000 square feet of retail area on the other. The medical workplace would be rented by the Cook County Health Center and Health Center Systems, Murphy said.

The old site has had a storied history considering that it was first used as a healthcare facility start in 1832. Chicago developed the first long-term structure in 1857. From that time until the Civil War, the hospital was used a teaching center for Rush Medical School up until the start of the Civil War, and to some extent, it still is.

The facility began as a free healthcare facility for the indigent, but that ended in 1866. Apparently, not everybody heard the news: the most current health center building still sports waiting-room sign informing clients that it is not a totally free facility.

The Gerhardt-designed structure was completed in 1914, spanning nearly 550 feet along Harrison Street and anchoring a medical district that grew to 3,000 beds, inning accordance with Encyclopedia of Chicago. It likewise was the very first in the United States to offer medical internships for striving doctors in 1866 and was the inspiration behind the imaginary County General Hospital, the website of the ER television series that introduced George Clooney’s career. Spectators likewise saw it in the 1993 movie “The Fugitive,” starring Harrison Ford.

The old Cook County Medical facility closed in 2002 after the brand-new healthcare facility opened in a surrounding structure. Cook County Chairman John Stroger desired the building destroyed in 2002 since it was so out-of-date, inning accordance with published reports. In 2010, the health center was relabelled after him.

The designers are pursuing Federal Historic Tax Credits and will look for acknowledgment as a Chicago landmark.

The design/build team likewise includes Walsh Building as contractor, Skidmore Owings & & Merrill as the architect, and Koo Interiors for interior decoration.

TSA Finally Lands New HQ Website, Will Get 625,000-SF Build-to-Suit in Springfield

Reston Town Center Owner Boston Properties Granted $316 Million Development Agreement

Following a two-year search, the United States Transport Security Administration (TSA) settled a lease for a brand-new 625,000-square-foot office development in Springfield, VA that will act as the federal government firm’s nationwide headquarters, the General Services Administration (GSA) revealed earlier today.

In November 2015, a federal judge ruled against the TSA’s initial plan to relocate its head office to PGIM Property’s 552,000-square-foot 5001 Eisenhower Ave. building within Success Center in Alexandria. Following the judgment, the TSA chosen to restore its existing offices at Pentagon City One and 2 while continuing its look for new corporate workplace.

Currently based simply outside of Washington, D.C. at 601-701 S. 12th St. in Arlington’s Pentagon City, the TSA will combine 4 places to the brand-new advancement slated for a 10-acre tract along Springfield Center Dr. near the Franconia-Springfield City station.

The GSA awarded the $316 million advancement agreement to Boston Properties (NYSE: BXP), a Boston-based self-administered and self-managed real estate investment trust that owns a handful of residential or commercial properties in Fairfax County including the Reston Town Center. Boston Residence owns the website on Springfield Center Dr. and will rent the facility to the GSA upon its conclusion.

The TSA will occupy its new area for a duration of 15 years with one five-year renewal alternative. Launched in 2001 as a response to the September 11 attacks, the company expects to totally occupy its new center in mid-2020.

TSA Finally Lands New HQ Website, Will Get 625,000-SF Buld-to-Suit in Springfield

Reston Town Center Owner Boston Residence Awarded $316 Million Development Contract

After 2 years of searching, the United States Transport Security Administration (TSA) settled a lease for a new 625,000-square-foot office advancement in Springfield, VA that will act as the federal government agency’s nationwide headquarters, the General Providers Administration (GSA) revealed earlier today.

In November 2015, a federal judge ruled against the TSA’s original strategy to transfer its head office to PGIM Property’s 552,000-square-foot 5001 Eisenhower Ave. structure within Victory Center in Alexandria. Following the judgment, the TSA chosen to restore its existing workplaces at Pentagon City One and Two while continuing its search for brand-new business workplace.

Presently based simply outside of Washington, D.C. at 601-701 S. 12th St. in Arlington’s Pentagon City, the TSA will combine 4 places to the brand-new development slated for a 10-acre system along Springfield Center Dr. near the Franconia-Springfield City station.

The GSA awarded the $316 million development contract to Boston Characteristic (NYSE: BXP), a Boston-based self-administered and self-managed property investment trust that owns a handful of residential or commercial properties in Fairfax County consisting of the Reston Town Center. Boston Properties owns the site on Springfield Center Dr. and will rent the center to the GSA upon its conclusion.

The TSA will inhabit its brand-new area for a duration of 15 years with one five-year renewal alternative. Introduced in 2001 as a response to the September 11 attacks, the agency expects to totally inhabit its new facility in mid-2020.

With Ikea structure, a significant task finally grows at Sunset and Durango

When Ikea was in speak with purchase a huge tract in Las Vegas, executives wanted to keep it hush-hush.

They even gave the offer a code word in honor of Nevada: “Project Silver.”

“I named it myself,” Ikea representative Joseph Roth said.

Ikea, the popular Swedish furniture dealer and meatball slinger, paid a fortune for the site at the southwest corner of Sundown Roadway and Durango Drive, and it’s developing a 351,000-square-foot warehouse store there.

It’s not the only construction project in the southwest valley today, and unlike other huge strategies at Sunset and Durango, this one is actually materializing.

IKEA Store Construction
Alejandro Garcia operates a concrete finisher as construction continues on the Ikea Las Vegas store at Durango Drive and Sunset Road Tuesday, July 28, 2015. The store is expected to open in the summer of 2016.Introduce slideshow “

Employees are building Ikea’s steel frame, and construction teams on Sunday began setting up blue outside panels to form the shell of the building.

Ikea, which revealed the website Tuesday to news media, broke ground in April and anticipates to open the store next summer. It will be Ikea’s 42nd shop nationally.

The two-level store– offering Ikea’s low-priced, self-assembly furnishings– is anticipated to employ about 300 individuals and will certainly consist of an about 450-seat dining establishment serving, to name a few things, Swedish meatballs.

Clark County commissioners approved task strategies in September, and Ikea closed its purchase of the 26-acre website in December. It purchased the land for $21.3 million from M.J. Dean Building founder Michael Dean, who got the website through repossession in 2010, commercial property records show.

Construction Near Ikea Store
A view of construction at the American Preparatory Academy on Jim Rogers Way and Patrick LaneTuesday, July 28, 2015.Launch slideshow “

On Tuesday, Roth stated the code name was needed in part since the business wanted to prevent a “bidding war” if people found out that Ikea was eyeing the land.

“You don’t wish to skew the real estate market by it getting out that Ikea is looking,” he stated.

Still, Ikea’s purchase cost– about $819,000 per acre– far surpassed the market average. Last year in Southern Nevada, land cost about $276,000 per acre, according to Colliers International.

Roth has said the business paid “a reasonable rate” for the home.

Sunset and Durango

Southwest Las Vegas is one of the most-active areas for building in the valley. Most of the work involves apartment complexes, single-family real estate systems and stockrooms.

Projects underway near Ikea consist of a 310-unit apartment building and the roughly 116,000-square-foot American Preparatory Academy, a charter school.

Ikea’s shop, nevertheless, isn’t really the very first huge task prepared for the Durango-Sunset crossway.

Last decade, designers looked for to construct The Curve right about where Ikea is now taking shape. Plans for the first stage alone called for two 18-story luxury condominium towers; at least 10 buildings with retail and restaurant area; and 61,000 square feet of offices above retail, according to news releases.

Building was supposed to start by early 2006. But after the economy collapsed, Dean obtained the land through foreclosure, according to Clark County records.

He was no complete stranger to the site; Dean was a partner in the failed job, and he ‘d been tapped to construct it as the lead contractor, reports said.

He did not call back Tuesday looking for remark.

Across the street, at the southeast corner of Durango and Sundown, designers from Las Vegas and Ireland– a paradoxical tandem in hindsight, considered that Ireland likewise had a massive, doomed real estate bubble last years– pursued plans during the go-go years for Sullivan Square.

Their $800 million high-rise job was supposed to consist of 1,300 to 1,400 property devices, 45,000 square feet of retail and 272,000 square feet of workplaces.

“We have designed a Euro-urban site plan with a well balanced mix of property, retail and office,” developers stated in 2007.

Excavation and utility work began that summertime. But by spring 2008, the job had been struck with $2 million worth of suits and liens, and the developers owed another $2 million to experts and vendors, according to news reports.

On the other hand, the job’s Irish developers supposedly protected funding for Sullivan Square from Anglo Irish Bank. The now-defunct loan provider had pushed heavily into property offers, was nationalized in early 2009 while sinking under soured loans, and, according to the Irish Times, is “associated with Ireland’s economic collapse.”

Today, the Sullivan Square site is little more than a giant hole in the ground without any indicators of work.

Source: AC/DC finally visiting Spotify

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Rich Fury/Invision/AP

In this April 17, 2015 file image, Angus Young of AC/DC performs at the 2015 Coachella Music and Arts Celebration in Indio, Calif.

Monday, June 29, 2015|6:05 p.m.

NEW YORK– AC/DC is lastly visiting Spotify, 3 years after the veteran rock band decided to put its magazine on iTunes.

An individual acquainted with the scenario told the Associated Press on Monday that AC/DC’s music would be readily available on Spotify globally Tuesday. The individual spoke on the condition of privacy because the person was not permitted to go over the matter publicly.

A representative for AC/DC didn’t right away return an email looking for comment.

AC/DC revealed in 2012 that its music would be readily available digitally at the iTunes Store worldwide. Apple is introducing its news music service, Apple Music, on Tuesday.

The Australian band is among the couple of acts that would not release music digitally for some time. Instead of releasing his music digitally, Garth Brooks launched GhostTunes to house his music online.