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
AOL Develops Gainesville Campus
AOL is investing $555 million in a new campus in Gainesville, Va. Ground was broken on the 37-acre Technology Center IV in November of 2000, the day after the investment was announced. The campus is expected to be fully operational by October of 2001.
Astrolink Locates in Manassas
Astrolink will locate its new $205 million network operations center in the Prince William County-owned Innovation office park in Manassas, Va. The Bethesda-based wireless broadband company is also building a global telecommunications satellite network for broadband and Internet services.
International Spy Museum Under Construction in D.C.
The 58,000-sf International Spy Museum is under construction in Washington in a building that formerly housed the Communist Party of the United States. The first of its kind in the nation, the two-floor espionage museum is being developed by The Malrite Co. and is due to open in spring of 2002. In addition to retail outlets and a spy-themed restaurant, the museum will house an Enigma machine, a pioneering World War II encryption device.
Community Education Partners Develops Philadelphia Facility
Community Education Partners Inc. has purchased a 167,000-sf structure in Philadelphia to convert into a modern educational facility housing approximately 1500 students. Purchased for $3.5 million from yarn maker and spinner Coren-Indik Inc., the former manufacturing facility and adjacent land is slated for an $18-million to $20-million renovation.
University of Pennsylvania Riverview Plans Completed
The University of Pennsylvania Riverview Campus master plan has been completed by Cambridge, Mass.-based Tsoi/Kobus & Associates. The 20-acre Philadelphia Civic Center site will be transformed into a mixed-use healthcare and research center serving the needs of the Children’s Hospital of Pennsylvania (CHOP) and the University of Pennsylvania.