Tradeline, Inc. filters and categorizes new-construction and industry news from regional and professional journals across the country. Here you will find new projects, products, and regulatory updates.
Industry News
Osaka University Builds Nanotechnology Incubator
Osaka University will begin construction in March of 2010 on a nanotechnology business incubator in Osaka, Japan. The construction cost of the five-story building is estimated at over one billion yen. Housing nanotechnology laboratories, the facility will provide access to equipment and instrumentation as well as promoting collaboration with University researchers and engineers. The nanotechnology incubator will house up to 24 companies.
U.S. Air Force Plans Wright Patterson Laboratory Expansion
The United States Air Force has awarded The Butt Construction Co. a $36 million contract to expand the Air Force Research Laboratory at Wright Patterson Air Force Base in Ohio. The design/build project includes 90,000-sf of new construction and 50,000-sf of renovation. Construction will begin in early summer of 2009 with completion slated for April of 2011. Design partners for the project include Edge and Tinney Architects, Heapy Engineering, LJB Inc., and Acoustical Systems.
University Of Minnesota Uses Build America Bonds to Fund Capital Projects
The University of Minnesota is the first university in the nation to use Build America Bonds to fund capital projects. Build America Bonds were authorized under the American Recovery and Reinvestment Act, enabling state and local governments to issue taxable bonds for projects eligible for tax-exempt financing and to receive a new direct federal subsidy payment for a portion of their borrowing costs.
Recovery Funding Initiates Fort Hood Hospital Construction
The United States Army will begin construction in mid-2009 on a $708 million military hospital in Fort Hood, Texas. Supported by funding from the American Recovery and Reinvestment Act, the replacement hospital will provide comprehensive ambulatory and ancillary care services. The project cost includes $87 million for design and $621 million for construction. Completion is expected in 2011.
Central College Builds Education and Psychology Building
Central College is constructing the $17 million Education and Psychology Building in Pella, Iowa. The three-story, 56,000-sf facility will house 13 classrooms and 22 offices. The general contractor for the project is The Weitz Co. of Des Moines. Slated for completion in July of 2009, the Education and Psychology Building will feature radiant flooring, light shelves, recycled and rapidly renewable materials, optimal energy performance, and a wastewater management system. LEED Platinum sustainable design certification will be sought for the project.