Industry News

The Boston Regional Medical Center is slated to be redeveloped into the Stoneham Executive Center, an R&D park with office, medical and biotechnology facilities. The $50 million project proposed by the Gutierrez Co. would include modifications to the existing developed 40.7-acre site and construction of 540,000 sf of space in three new office buildings, to be completed around August of 2002.

Architectural Concepts has selected Patillo Construction Co. to build their new 100,000-sf corporate headquarters. Architectural Concepts, based in Tucker, produces tradeshow and permanent exhibits.  Having outgrown its current 50,000-sf building, Architectural Concepts' new facility with 17,000 sf of office space and 50,000 sf of storage will stand only 500 yards away.  Including a 10.5-acre tract, the new facility could cost from $4 million to $7 million.

Teleglobe is relocating its corporate headquarters from Montreal to Reston, adding 200 personnel to its 800-person staff base in Northern Virginia.  As part of a plan to build data centers around the country, Teleglobe is planning an 126,000-sf facility in D.C. as well as searching for a site to lease on the Dulles Corridor in the "Silicon Valley of telecommunications".

Massachusetts Institute of Technology has contracted Parsons Brinckerhoff as project manager for a $50 million utilities upgrade. The Cambridge-based firm will also provide resident engineering and inspection services.

Reston Hospital Center is planning a three story addition, expanding the facility by 100,000 sf. Housing the maternity ward as well as administrative and community education departments, the addition will cost approximately $21.5 million. A 5,000-sf expansion of the special procedures area and a new 439-space parking garage will also begin construction in March. State approval is pending on another addition of 2 floors to the new maternity unit, increasing the bed space by 60 and providing emergency and radiology facilities.