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Daily News: Thursday 3/19/20


Catawba Nation Proposes 195,000 SF Gaming Operation in North Carolina

The Catawba Indian Nation, based in North Carolina, has been given the green-light by the state’s Department of the Interior to construct a new gaming operation within the state. The Catawba Nation is proposing the construction of a casino and mixed-use entertainment complex totaling 195,000 square-feet and will include a 940-seat restaurant, a small retail space, and 2,130 parking spaces. The proposed development’s estimated construction costs and completion date are currently unknown.

Fundrise Purchases 14-Acre Site in Virginia for $75 Million

Fundrise, a Washington, D.C.-based real estate crowdfunding startup, has acquired a 14-acre site in Alexandria,Va. for $75 million. Fundrise’s CEO, Ben Miller, has indicated interest in constructing multiple mixed-use developments on the site in phases, with plans to pursue the construction of more than three million square-feet of office, residential, and retail development.


SWEPCO Announces Plan to Construct 810 MW of Wind Energy 

Southwestern Electric Power Company has announced that it has reached a settlement agreement with the state of Louisiana to add 810 megawatts of wind energy across three states for a total cost of $1.01 billion. The first wind farm will be completed in 2020, while the other two will be completed by the end of 2021.

Seven-Story Mixed-Use Project Planned in Minneapolis

Ackerberg, a Minneapolis-based development partnership, is planning to construct a seven-story, 200-unit, mixed-use building in Minneapolis. The project would contain 200 apartments and more than 2,000 square-feet of retail space, with covered parking on the first floor. The project, whose estimated construction cost is currently unknown, is set to open in summer 2021.

300-Unit Mixed-Use Project Proposed for San Antonio

Developers are planning to construct a mixed-use project in San Antonio’s Tobin Hill neighborhood. If approved, the eight-story project would feature up to 300 apartments and an unspecified amount of office and retail space.  The proposed development’s estimated construction costs and completion date are currently unknown.


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