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
PPL Corp. to Locate Division in Allentown
PPL Corp., a Pennsylvania energy company, plans to locate its Energy Plus division adjacent to its headquarters in Allentown. Liberty Property Trust will convert a former department store site into a six- or seven-story building; PPL will occupy 170,000 sf of the facility. Liberty has selected Robert A.M. Stern Architects of New York to design the building, with groundbreaking possible in early 2002, and completion in spring 2003. PPL plans to build a 1,000-vehicle parking deck nearby.
Siemens Considers Fort Worth For Manufacturing Facility
Siemens Westinghouse Power Corp. is considering the Alliance industrial park in Fort Worth as the home for its stationary-fuel-cells division. The $125 million, 500-employee manufacturing plant would initially consist of office space (35,000 sf) and manufacturing space (180,000 sf), with a possible expansion of the office space to 70,000 sf and the manufacturing space to 430,0000 sf in the next four years. Other potential sites include Orlando, Fla. and Pittsburgh.
Siemens Westinghouse Considers Fort Worth Location
Siemens Westinghouse Power Corp. is considering locating a $125-million manufacturing plant in the 9,600-acre Alliance industrial park in Fort Worth. Developed by Ross Perot Jr.'s Hillwood venture, the site would house 180,000-sf of manufacturing and 35,000-sf of office space for Siemens' new stationary fuel cells division. Employing up to 500 workers initially, the plant could eventually expand to 430,000 sf of manufacturing and 70,000 sf of office space in the next three or four years. Other potential sites include Orlando, Fla. and Pittsburgh, Pa.
Duke Energy To Build Charlotte Office Tower
Duke Energy Corp. is planning to develop one of Charlotte's tallest office towers, possibly standing over 40 floors. Costing up to $200 million and encompassing up to 1,000,000 sf, the uptown tower may be formally announced in August. Additional tenants may lease a significant amount of square footage in the building.
PG&E National Energy Relocation On Hold
PG&E National Energy Group's plan to relocate 650 employees from Bethesda to the Tower Oaks in Rockville has been put on hold due to Pacific Gas & Electric's energy problems in California. Although financed separately from Pacific Gas & Electric, PG&E National Energy Group's 450,000-sf project, which was planned for completion by late 2001, probably will not be completed until summer 2002 due to creditor hesitancy. When built, the complex could accommodate as many as 1,000 employees.