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
MIT Plans Utility Upgrade
Massachusetts Institute of Technology has contracted Parsons Brinckerhoff as project manager for a $50 million utilities upgrade. The Cambridge-based firm will also provide resident engineering and inspection services.
Reston Hospital Center Expands
Reston Hospital Center is planning a three story addition, expanding the facility by 100,000 sf. Housing the maternity ward as well as administrative and community education departments, the addition will cost approximately $21.5 million. A 5,000-sf expansion of the special procedures area and a new 439-space parking garage will also begin construction in March. State approval is pending on another addition of 2 floors to the new maternity unit, increasing the bed space by 60 and providing emergency and radiology facilities.
Toyota Considers Georgia for New Plant
Japan-based Toyota Motor Corp. is considering sites in Georgia, Tennessee, or Alabama for a plant manufacturing 4.7-liter V8 gasoline engines. To be completed by 2004, the plant will produce 100,000 to 150,000 new engines per year and cost approximately $266 million.
New Capital One Headquarters in Tysons
Falls Church-based Capital One selected 28 acres in Tysons as the site for their new headquarters. Due to be completed in September of 2002, the 14-story building will house 800 people and consolidate five offices.
Biogen Occupies RTP Facility
Biogen is preparing to occupy a $175 million, 250,000-sf manufacturing facility in Research Triangle Park. It is the Cambridge, Mass.-based biotech giant's second building in RTP and will house 75 additional employees. Biotech plans to eventually occupy a total of 5 buildings in the Triangle.