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
Boston Internet City: New Telecom Hotel
Boston Internet City, a 450,000-sf telecom hotel under construction in Brighton, will be the largest such facility in New England. Carter & Burgess Inc. of Boston, known for its retrofits of older buildings for telecom purposes, is converting a former two-story warehouse above a Macy's store to a three-story facility. The developer is Cabot, Cabot & Forbes of New England Inc.
Eaton Semiconductor Expansion Plans
Eaton Semiconductor Equipment Operations has plans to expand in Beverly with a $22 million, 140,000-sf demonstration and applications lab and training center, along with expansion at its Rockville, Md., manufacturing plant.
Atlanta's new Telecom Hotel
Telecom Real Estate Services (TRES) of Los Angeles will invest $30 million to convert a 368,000-sf former A&P distribution center to a telecommunications switching station, or telecom hotel. According to TRES, the single-story structure has several advantages: generators can be placed outside the building, freeing roof space for cooling and other uses; and fiber-optic cables can be run through the ground to users rather than through the riser space encountered in multi-story buildings.
FleetBoston Upgrades New York Headquarters
FleetBoston Financial Corp.'s primary data center and Upstate Division headquarters at Kiernan Plaza will undergo a $25 million "technology facelift." In addition to new computer hardware and software, the main and backup electrical supplies and HVAC systems will be improved. Fleet currently employs 450 people at the site, and plans to add an additional 100 technology workers.
ISIS Papyrus Builds Headquarters Near Dallas
ISIS Papyrus, based in Vienna, Austria, is planning to consolidate its Dallas-area offices in a $6 million North American headquarters and training center near Dallas in Southlake. The new building is slated to begin construction in June; completion is anticipated in late 2000 or early 2001. The company provides business document software solutions.