This week an already roiling real estate market in Chicago’s West Loop got hotter still. The latest entrant is a $400 million mixed-use tower designed by Goettsch Partners—a 350-room, four-star hotel beneath about 600,000 square feet of offices that will surely stoke the continued evolution of the area from post-industrial grittiness into a sleek, high-rent hub for technology companies and haute cuisine.
Earlier this month, workers broke ground on the largest Twin Cities real estate development project in two decades. Budding off a new stadium for the Minnesota Vikings, designed by HKS, locally based Ryan Companies saw an opportunity to redefine the Minneapolis neighborhood of Downtown East.
London has Borough Market. San Francisco has the Ferry Building. Seattle has Pike Place Market. And now Santa Barbara has the Santa Barbara Public Market. The 19,400 square-foot marketplace, put together by local architecture firms Cearnal Andrulaitis, Sutti Associates, and Sherry & Associates Architects, opened on April 14. It showcases regionally-sourced, artisanal foods in a downtown location. Part of Alma del Pueblo, a mixed-use development that includes additional retail and 37 condominiums, the Public Market is located on the site of a former Vons. “When I bought the land, I knew that I wanted to put a market back,” said developer Marge Cafarelli. “Santa Barbara . . . [has] such rich roots and traditions in agriculture, farming, food, and wine, that it made sense to put something back that made sense in this time. Read More
After nearly a decade of planning, a $2 billion, three-million-square-foot mixed-use development is underway on Washington D.C.’s Southwest waterfront. In March, construction started on Phase 1 of The Wharf, a project that is being developed by Hoffman-Madison Waterfront and designed by Perkins-Eastman. The new neighborhood will have marinas, green space, entertainment venues, and plenty of retail, residential, and hotel space.
In its last scheduled meeting of the year, Minneapolis City Council could give the go-ahead on a $400 million mixed-use development near the new Vikings stadium. Surface parking lots currently occupy much of that land.
The Minneapolis Star-Tribune editorial board called the Downtown East neighborhood “a part of the city’s commercial core in desperate need of new life.” The newspaper stands to benefit from the project, as the editorial announces—they plan to sell five blocks of nearby property, including their current headquarters, and move downtown.
Facebook is planning to move from the virtual to the physical world with its latest venture: a 394-unit infill housing development known as Anton Menlo. The company is collaborating (in an advisory role) with California developer St. Anton Partners and architecture firm KTGY on the project, located on 10 acres of former industrial land near Marsh Road in Menlo Park. The development is within walking distance of Facebook’s headquarters and new West Campus.