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
BioSquare 3 Nears Completion
Boston University Medical Center, Boston University, and the city of Boston celebrated the topping off of the eight-story BioSquare 3 in Boston in September 2004. Being the third lab and research facility on the 14-acre campus, the 160,000-sf building is 60 percent pre-leased to Boston University and Boston University Medical Center. Completion is expected in fall 2005.
Carolinas HealthCare System Constructs Levine Children's Hospital
Carolinas HealthCare System broke ground in September 2004 on the $85-million Levine Children's Hospital at the Carolinas Medical Center complex in Charlotte, N.C. Additionally, Carolinas is planning a $5-million expansion of the complex that will connect the children's hopital, the ICU Tower, and the existing facility on the site. Constructed in tandem with the children's hospital, the 22,000-sf addition will expand the pharmacy and cafeteria and is slated for completion in 2007.
Cincinnati Financial Expands Fairfield Headquarters
Cincinnati Financial Corp . is planning a $98-million expansion of its Fairfield, Ohio, headquarters. The first phase of construction will commence in January 2005 with the construction of a 700-car underground parking garage. The second phase, comprised of a 487,000-sf, seven-story office tower to be built on top of the garage, will begin in September 2006 with completion expected in September 2008. Cincinnati Financial Corp. currently accommodates 2,800 employees at the 800,000-sf Fairfield site.
Genentech Plans South San Francisco Development
Genentech is planning to develop up to 600,000 sf of offices and labs on 20 acres to be purchased in Oyster Point near its South San Francisco headquarters. Genentech currently occupies 33 facilities in South San Francisco, and has applied with the city to expand its 72-acre campus to 111 acres.
Trinity Academy Constructs North Raleigh Campus
Private college preparatory school Trinity Academy of Raleigh is initiating construction of its new $19.2-million campus in north Raleigh, N.C. Housing a library, labs, classrooms, performing arts areas, and fields, the 197,000-sf campus will accommodate approximately 840 students. The first $2.7-million construction phase will include a $1.5-million gymnasium. The project will be developed in four phases.