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
Bank of America Opens Hearst Tower Trading Floor
Bank of America Corp. is opening a 60,000-sf trading floor in the Hearst Tower in Charlotte, N.C. Natural light will be maximized by a wall of glass to illuminate the operation, which will house 550 traders, salespeople, and computer technicians. An additional trading facility featuring multiple floors is being constructed in the Bank of America Tower in New York; completion is expected in 2008.
International Sematech and University of Texas Launch Advanced Materials Research Center
The State of Texas and International Sematech are launching the Advanced Materials Research Center (AMRC) with the University of Texas and other Texas universities. Located in Austin, the semiconductor research consortium will accelerate the commercialization of critical technology research. Funding in the amount of $40 million will be provided by the newly formed Texas Enterprise Fund; the remaining $160 million will be funded from various sources over the next four years.
NIH Constructs National Institute of Allergy and Infectious Diseases Lab
The National Institutes of Health (NIH) has selected a Jacobs Engineering Group subsidiary to provide construction management services for the design and construction of a 120,000-sf laboratory for the National Institute of Allergy and Infectious Diseases (NIAID). The facility, sited on the grounds of Fort Detrick in Frederick, Md., will house imaging equipment, high-containment laboratories, and administrative space.
Citibank Constructs Electronic Data Processing Center
New York-based Citibank will begin construction in April 2004 on a new $200-million electronic data processing center in Roanoke, Texas. Completion is expected in one year. The 242,820-sf center will house 13,875 sf of office space and 228,945 sf of data processing space.
OSU Hospital East Expands Emergency Department
Ohio State University Hospital East broke ground on a new expanded emergency department on March 31, 2004. Occupying renovated space on the south side of the Columbus, Ohio, hospital, the $4.8 million, 15,000-sf facility will feature 26 private rooms, two specialized suites for patients with breathing disorders, and a larger waiting room. Designed by Spice Constantino Architects of Cleveland, the new department more than doubles the footprint of the previous 7,000-sf emergency department.