14-Story Luxury Apartment to Open in Richmond
A new luxury apartment building is set to open in Richmond by late 2020. Dubbed South Falls Tower, this 14-story building will feature modern studio, one, and two-bedroom floorplans, all of which showcase unobstructed views of downtown Richmond. Amenities include an outdoor courtyard with a swimming pool, grilling areas, lounge seating, and garden space, as well as a clubhouse on the fourth floor and a state-of-the-art fitness center.
Cadence McShane to Lead Construction on San Antonio Project
Sabot Development, a San Antonio-based commercial real estate firm, has announced that it has picked Cadence McShane Construction Company as the contractor tasked with building a new mixed-use development in the city. Once completed, the 11-story building will feature 325 residential units and 14,000 square-feet of ground-floor retail and restaurant space. The project’s estimated construction costs and completion timeline are both currently unknown.
Bellevue Mixed-Use Project Has Master Plan Reconfigured
The construction plans for a mixed-use project in Bellevue, Wash. are in the process of being reconfigured. The development, titled Washington Square Expansion, will feature a 20-story office tower with ground-floor active-use space and an eight-story hotel with 210 rooms. The issue up for debate is whether or not to construct the hotel or office building first. The project will begin construction in winter 2020/2021.
1.6 Million SF Office and Residential Project on Hold
The COVID-19 pandemic is forcing the developers of a New Jersey-based mixed-use project to reconsider its master plan and development timeline. The 150-acre project, known as Bell Works, will contain more than 1.6 million square-feet of office space across three buildings, 2,000 square-feet of retail or restaurant space, and 550 residential units. However, due to the dramatic reduction in demand for space caused by the COVID-19 pandemic, the project’s developers are now planning to sell some of the project’s land to another developer who will construct the residential portion. In the meantime, development of the main buildings have been put on hold.
JEA Downsizes Planned HQ Building to a 152,000 SF Office Tower
JEA, a Jacksonville-based utilities company, has downsized its planned headquarters building in downtown Jacksonville, Fla. The new plans call for the construction of a 152,000 square-foot office tower with a 742-space parking garage. The company is also considering building a separate 40,000 square-foot building on another site for future use. Neither the project’s estimated construction costs nor completion timeline are currently known.