Industry News

The University of North Carolina in Chapel Hill is planning to develop a 1,000-acre site as a satellite campus. The mixed-use development will contain commercial, research and institutional space as well as housing for faculty, staff, and students. Accommodating 25,000 employees and housing up to 3,000, the project will feature additional facilities for research in genomics and bioinformatics.

Washington University is planning to develop its Hilltop campus and School of Medicine with new buildings for education, research and patient care. The $1 billion project includes a $35 million biomedical engineering facility, the Uncas A. Whitaker Hall.

Georgia Tech is planning a new $148 million multibuilding complex. The new Technology Square will house the Dupree College of Management, the University Bookstore, a 250-room hotel and conference center, a parking deck, and 20,000-sf of retail and restaurant space. The facility is still in the design phase and is slated for completion in August 2003. Construction costs for the Dupree College of Management building are estimated at $35 million.

Southern Catholic College has acquired 338 acres in Dawson County. The under-formation regional college will spend $34 million on the first phase of development that will include land purchase, an academic building, a gym, and a dormitory. An estimated total of $300 million will be invested in the campus over the next 20-25 years. Expected to open in fall of 2002, the school will eventually accommodate approximately 3,000 students.

Southwest Business Corp. plans to consolidate its services at a new 100,000-sf headquarters on a 3.7-acre site in North Central San Antonio. Groundbreaking for the $12- to $14-million building plus 4.5-story parking structure is planned for 2003, with occupancy anticipated in 2005. The company provides insurance and financial services.