Industry News

The City of Milwaukee is engaged in a $44-million restoration of its historic 108-year-old City Hall. Designed by architectural firm Engberg Anderson, the restoration project includes eight stories and a basement and is slated for completion in 2008.

The University of Louisville has received $10.25 million from a bill approved by the U.S. Senate to fund the construction of a 134,700-sf biomedical research building. The facility will be constructed on the university's health sciences campus. The funding is part of $28 million the university will receive to support research initiatives.

FivePrime Therapeutics will sublease an entire floor in the new 190,000-sf J. David Gladstone Institutes building at Mission Bay in San Francisco. The Gladstone building was dedicated on December 6, 2004. The facility will enable FivePrime to develop new protein and antibody therapeutics utilizing an accelerated drug discovery approach. FivePrime will relocate its South San Francisco operations to the Gladstone building in San Francisco, a city which has a payroll tax exemption for biotech companies. 

Alta Bates Summit Medical Center, a Sutter Health affiliate, is planning to construct a 350-bed hospital in Oakland. With a potential construction cost of over $600 million, the facility would replace inpatient space at Alta Bates Summit Medical Centers in Berkeley and Oakland and would be constructed to meet California's state seismic safety standards that take effect in 2013. Groundbreaking is expected to commence on the facility in approximately three years.

The Walt Disney Foundation is planning to convert a 44,000-sf brick building in San Francisco's Presidio to create a museum honoring Walt Disney. Construction is expected to begin in early 2005 with the museum opening in 2007. The museum, to be designed by Tanner Leddy Maytum Stacy Architects, will include an art gallery, an exhibit of Disney's personal items, and a research center.