Six-Story Historical Building Become Mixed-Use Project
Nelson Construction and Development, a Des Moines-based real estate developer, has big plans for a new building it recently acquired. The six-story historical structure, purchased by the firm for $350,000, will soon feature a retailer on the ground-floor, office space on the second floor, and apartments in the remaining four floors. The firm has also mulled constructing a rooftop patio. The project’s estimated completion date is currently known.
Town in Ohio to Build New $5.43 Million Fire Station
The City Council of Streetsboro, Ohio has approved the construction of a new fire station. The new structure, which will cost an estimated $5.43 million, will have 10 dorms, resistant flooring, and a new training tower. The project will break ground in April 2020, although its estimated completion date is currently known.
Penn Hospital to Build $1.5 Billion Patient Tower
The Hospital of the University of Pennsylvania’s new $1.5 billion Pavillion patient tower in Philadelphia will continue being built. The new 17-story structure will feature 500 beds and space for inpatient care for heart and vascular medicine and surgery, neurology and neurosurgery, a cancer center, and a new emergency department. The project’s estimated completion date is currently known.
52,824 SF Mixed-Use Project Coming to Atlanta
A new mixed-use project is coming to Atlanta. The four-story project is expected to deliver a total of 52,824 square-feet that will feature street-level restaurant and retail space, three levels of creative and medical office space, and a 2,500 square-feet rooftop with a restaurant and bar. The project, whose completion date is set for late 2020, has currently unknown estimated construction costs.
Logistics Center in Maryland Sells for $71.6 Million
A 52-acre logistics center in White Marsh, Md. has been sold for $71.6 million. The two buildings consist of 750,000 square-feet of warehouse and industrial space, 67% of which is currently leased to a collection of materials, engineering, and construction services companies. It is unknown who the buyer is or what they intend to do with the complex.