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
Atlanta's new Telecom Hotel
Telecom Real Estate Services (TRES) of Los Angeles will invest $30 million to convert a 368,000-sf former A&P distribution center to a telecommunications switching station, or telecom hotel. According to TRES, the single-story structure has several advantages: generators can be placed outside the building, freeing roof space for cooling and other uses; and fiber-optic cables can be run through the ground to users rather than through the riser space encountered in multi-story buildings.
FleetBoston Upgrades New York Headquarters
FleetBoston Financial Corp.'s primary data center and Upstate Division headquarters at Kiernan Plaza will undergo a $25 million "technology facelift." In addition to new computer hardware and software, the main and backup electrical supplies and HVAC systems will be improved. Fleet currently employs 450 people at the site, and plans to add an additional 100 technology workers.
ServerVault's Data Center Aims for DOD Approval
ServerVault, based in Springfield, Md., will invest $6 million to $8 million to transform an old machine shop in Dulles into the country's first DOD-compliant commercial data center. A tall fence surrounds the building, which has no windows and houses a composite metal vault impenetrable by magnetic or wireless signals. The facility will be inspected and tested by the DOD when it opens later in the year. ServerVault also plans to open a Dublin, Ireland, data center by year's end.
Nortel Expands in Santa Clara
Nortel Networks Corp., based in Toronto, Canada, has plans to expand its 837,000-sf seven-building campus in Santa Clara with two six-story towers. The added 636,000 sf could accommodate approximately 2,000 employees engaged in R&D of technology. Pending approval by the planning commission and the city in May, ground breaking could begin in late summer.
Echelon Builds New Headquarters
Echelon Corp., developer of communication equipment, plans to relocate its 175 employees from Palo Alto, Calif., to San Jose in a three-story, 75,000-sf build-to-suit headquarters designed by the San Francisco office of Washington-based Ai and Barry Swenson Builder. Pending approval from the City of San Jose, Swenson will begin construction by June 2000, with occupancy scheduled for July 2001.