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
Maryland Tech Center Expands Rockville Incubator
The Maryland Technology Development Center (MTDC) has completed a 5,000-sf expansion of its Rockville incubator, located in the Shady Grove Life Sciences Park, home to many young bioscience companies. The project entered the construction phase in November of 2001 and brought MTDC's total square footage up to 57,000 sf.
BAE Systems Consolidates and Expands in Reston
Defense contractor BAE Systems is consolidating and expanding its corporate operations in Northern Virginia with a move to 134,000 sf of leased office space currently under construction at the Reston Commons. BAE Systems, based in Rockville, Md., will begin moving employees in phases beginning in June 2002.
Harvard Renovates Historic Building For Distance Learning Facility
Harvard University selected general contractor Lee Kennedy Co. Inc. to manage renovation of 53 Church St., creating a distance learning center and new classrooms. The $3.5-million project involves lifting the two-story historic building from its foundation and realigning the connection to an adjacent building with the addition of a new elevator core. Harvard was prevented from demolishing the original structure by the Cambridge Historical Society.
Cell Logic Moves to Maryland Tech Development Center
Cell Logic, a biotech startup of Boston venture capital firm Oxford Bioscience Partners, is relocating to Rockville, Md., from Westport, Conn., in spring of 2002. Approved plans to move into the Maryland Technology Development Center incubator in the Shady Grove Life Sciences Park involve relocation of Cell Logic's single employee, CEO Greg Lennon.
DOT Headquarters Planned in D.C.
The General Services Administration has selected Southeast Federal Center in D.C. as the site of the Department of Transportation's (DOT)new 1.4-million-sf headquarters, to be located on 11 acres of a 55-acre plot of federal land. Relocation of the DOT's headquarters involves moving 7,500 to 7,900 federal employees.