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
Vanguard Completes Three Malvern Campus Buildings
Vanguard Group has completed construction of three 120,000-sf structures at its 300-acre campus in Malvern. The company is beginning preliminary work on an additional 2.5 million sf, with phase one construction on the proposed project starting as early as spring 2002. The multi-phased project would begin with two buildings, each 320,000 sf, on 70 acres of the company’s 250-acre Downington campus.
Allstate Will Occupy New San Antonio Office Building
Allstate Corp. plans to occupy 50,030 sf at a new 70,000-sf office building under construction at Twin Oaks Office Park in North Central San Antonio. The Northbrook, Ill.-based national insurance company will be the major tenant at Two Twin Oaks, which has 67,000 sf net rental space available.
Abbott Labs plans R&D HQ
Abbot Labs, based in Illinois, is proposing to build a West Coast R&D headquarters at the former 35-acre Cargill Salt site in Redwood City. The site is adjacent to Perclose, the medical device manufacturer recently purchased by Abbott. Phase I of the one-million-sf project would accommodate approximately 500 employees in 250,000 sf of lab and office space, where the pharmaceutical and diagnostic company will expand its cardiac product line. By the end of 2002, Abbott anticipates completion of the planning, design, and review of the project.
Montgomery College Builds Health Sciences Building
Montgomery College’s new $25-million, 7,186-sf Health Sciences Building, slated to begin construction in April 2002, will include a primary care clinic that offers charity medical care to the needy local community. The clinic, scheduled to open in early 2004, will be operated by Holy Cross Hospital in Silver Spring, Md. Clinical instruction will be provided by hospital medical practitioners working directly with Montgomery’s nursing students.
UC Berkeley Plans Albany Mixed-Use Campus
The University of California, Berkeley, has issued an RFQ for the transformation of 26 acres at its University Village in Albany to a $100-million, mixed-use residential and retail campus. The University hopes to begin construction by early 2003 at the site, where currently student and faculty housing, a community center, baseball fields, and university agricultural research space are located. The selected developer will be asked to improve the community center and baseball fields, build a child and infant care center, and protect as open space two creeks running through the site.