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
San Francisco State University Plans Science Building
San Francisco State University will begin construction in summer of 2021 on the $169 million Science & Engineering Innovation Center. Comprising 125,000 sf of new construction and 54,000 sf of renovated space, the 179,000-sf facility will provide the College of Science and Engineering with leading-edge labs and classrooms, as well as offering informal interaction spaces, interdisciplinary lecture halls, and active learning classrooms that will be accessible to the entire campus community.
Vermeulens Releases Q4-2020 Market Outlook
Vermeulens has released its market outlook report for the fourth quarter of 2020. Key points include:
Construction Prices: Remain flat through Q4 of 2020, with one in ten projects showing cost reductions with strong contractor coverage across the board.
Fed Watch: The Federal Reserve continued monetary stimulus.
Architectural Billings: Q4 has returned to growth in inquiries; however, three quarters of billing declines in 2020 will result in a lower volume for the first half of 2021.
University of British Columbia Plans School of Biomedical Engineering Building
The University of British Columbia is planning to construct the CAD$136 million School of Biomedical Engineering Building on the Point Grey campus in Vancouver. The 151,305-gsf facility will accommodate teaching and research labs, collaboration spaces, meeting rooms, and offices. Featuring innovative learning venues for undergraduate and graduate programs, the building will provide classrooms, a 250-seat lecture hall, and a central atrium for informal learning and interaction.
Boylston Properties Partners and J.P. Morgan Begin Construction on Watertown Life Sciences Facility
Boylston Properties and J.P. Morgan Asset Management began construction in January of 2021 on a 165,600-sf life sciences facility in Watertown, Mass. Located in the Arsenal Yards district, 100 Forge will be the first purpose-built laboratory building in the city. The joint venture development team has secured a $100.1 million construction loan for the project.
Caltech Dedicates Chen Neuroscience Research Building
Caltech dedicated the $210 million Tianqiao and Chrissy Chen Neuroscience Research Building in January of 2021 in Pasadena. Designed by SmithGroup to promote interdisciplinary collaboration, the 150,000-sf facility provides wet, dry, and computational research labs for the Division of Biology and Biological Engineering. Standing three stories above grade with two basement levels, the structure includes teaching labs, a neurotechnology lab, a 150-seat lecture hall, conference rooms, and offices for investigators and staff.