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
NetReach Plans High-Tech Hub
NetReach, a host and developer of Websites, plans to transform a 200,000-sf former asbestos manufacturer's warehouse into a high-tech hub for its operations. After $10 million in upgrades, the warehouse will become Two eCommerce Plaza, an "Internet-centric" small business park. NetReach, currently housed in an adjacent 12,000-sf building, will move into the new telecom structure when renovations are completed at the end of 2000. Space unoccupied by NetReach will be made available to other Web-based companies.
Iowa State University Designs Residence Facilities
Iowa State University has selected Sasaki Associates of Watertown, Mass., and Baldwin White Architects of Des Moines, Iowa, for the design of the Union Drive Neighborhood at the University. A 1,200-bed residence hall will be renovated and three new 320-bed facilities will be constructed. Dining facilities for 875 people will be accommodated in a new 45,000-sf community building. In addition, computer labs, meeting rooms, a post office, game room, demonstration bakery, 75-seat café, and private dining facilities will be included in the project.
Star Media Network Builds New Headquarters
Star Media Network will consolidate three offices in late fall 2000 when the company occupies its new 136,000-sf headquarters in New York City. Site selection, interior design, and construction administration services have been provided by The Hillier Group's New York office. The new facility is a triangular-shaped, two-story loft space.
Infomart Builds Telecom Hotel
Infomart LLC of Dallas, in partnership with Nexcomm Capital Partners of Southport, Conn., will transform a 400,000-sf former cold-storage warehouse in Watertown into a telecom hotel for high-tech firms. The building provides a number of features required for telecommunications equipment: heavy floor capacity, high ceilings, proximity to fiber-optic networks. Renovations totaling $20 million are scheduled to start in August 2000 and be completed by late fall 2000.
Nortel Networks Builds in Silicon Valley
Nortel Networks broke ground in September on its new $200 million Silicon Valley campus. The new facility will consolidate employees currently housed at more than a dozen Bay Area locations. Completion is anticipated in late 2001 or early 2002.