Permits Filed to Build New Mixed-Use Building in Brooklyn
Permits have been filed to construct an 11-story mixed-use building in Brooklyn’s Bedford Stuyvesant neighborhoods. If completed, the building would yield 170,288 square-feet of residential space and 25,325 square-feet of commercial space. Neither the project’s estimated construction costs nor its completion date are currently known.
Wisconsin School District to Build New $20 Million Aquatics Center
Members of the Planning Commission of Mount Pleasant, Wis. have approved a site plan application by the Unified School District of Racine, Wis. to build a $20 million indoor aquatics facility. Once constructed, the two-story facility will feature 42,389 square-feet of recreational space on the first floor and 9,964 square-feet on the second. The project will include seating for 920 spectators.
Building in Omaha to Become Data Transfer Center
A building in downtown Omaha is going to undergo a $40 million renovation in order to construct a critical data interconnection center. Omaha is being chosen for this spot due to its central location in the country, which will allow the free flow of data from one side of the nation to the other. The renovations will include knocking down walls, upgrading the building’s electric and plumbing, and removing traces of the building’s former use as a bank.
Silverback Plans $250 Million Condo Building in Manhattan
Silverback Development, a Manhattan-based developer, has announced its plan to construct a massive $250 million condominium building in Manhattan’s Midtown neighborhood. Once completed, the 500-foot building will feature 200 residential units and 5,000 square-feet of ground-floor retail space. The project’s estimated completion date is currently set for 2022.
Developers Secure $500 Million in Refinancing for D.C. Office Complex
A partnership between Brookfield Properties, a Manhattan-based real estate development firm, and Douglas Development, a Washington, D.C.-based real estate developer, have acquired $500 million in refinancing for a 768,000 square-foot Class-A office complex spanning eleven buildings in Washington, D.C.