Essex Crossing One Step Closer to Completion with Topping Out of 202 Broome St
The Essex Crossing mega-development in Manhattan’s Lower East Side has crossed a major milestone following the recent topping out of 202 Broome Street. The 14-story building will eventually contain 175,000 square-feet of Class-A office space, 83 condos for purchase, and 34,500 square-feet of retail space, 9,000 square-feet of which is to be dedicated to an indoor park and recreation area. 202 Broome Street is Essex Crossing’s 7th building, and is set to debut in 2020.
Miami-Dade County In The Middle Of Largest Office Construction Boom In A Decade
Miami-Dade County, FL is in the midst of its largest office construction boom in over a decade. According to the 2019 Office Insights Report by real estate services firm JLL, Miami-Dade County had over 1.8 million square-feet of Class-A and Class-B office space by the third quarter of 2019. From the period of 2009-2019, rental rates throughout Miami-Dade County climbed at an average rate of 1.1% year-over-year.
First Building in Downtown San Diego Gets LEED Platinum Designation
Block D, the first multi-tenant commercial office building to be constructed in downtown San Diego in over a decade, has been awarded the LEED Platinum designation for sustainability and green design. This makes the 6-story, 60,000 square-foot mixed-use building the first in downtown San Diego to receive this designation.
Office Building Proposed for Chicago’s River North Neighborhood
Centrum Realty and Development, based out of Chicago, IL, is proposing the construction of a nine-story mixed-use office building in Chicago’s River North neighborhood. On top of office space, the proposed 127,000 square-foot building would also include a fitness center, a rooftop deck, and ground-floor retail space. The project has already received approval from the neighborhood council, although an estimated cost and completion date are currently unknown.
Chicago’s Historic Old Post Office Building Reopens After $800 Million Renovation
Chicago’s historic Old Post Office building has reopened as an office space hub following an $800 million renovation. With more than 75% of the building’s available office space already accounted for by big names like Uber and Walgreens, officials are expecting that all of the available 1.4 million square-feet of office space will be occupied by June of 2020. The building also offers a fully functional library, an open fitness center with boxing ring, pool tables, and a lounge with a bar. A 4-acre rooftop park, a food hall, and an extension of the Chicago Riverwalk is also in the works.