Industry News

The University of Manitoba opened the $44.5 million Smartpark Innovation Hub in Winnipeg in June of 2019. Designed by Cibinel Architecture to foster collaborative partnerships between industry, academia, and government, the 75,000-sf facility provides laboratories, prototyping suites, multimedia training classrooms, conference rooms, a business incubator, and rentable space for companies.

Lowe's Companies is planning to create the $153 million Global Technology Center in Charlotte, N.C. The 375,000-sf facility will be located on 15 upper floors in the planned Design Center Tower, a 23-story building developed by a joint venture of Childress Klein and RAM Realty Advisors. The Lowe’s Global Technology Center will provide collaborative offices, meeting rooms, computer labs, and interaction areas to accelerate the development of solutions for the transformation of the company's technology systems.

The University of Windsor celebrated the opening of the CAD$30 million Essex Centre of Research (CORe) in June of 2019 in Windsor, Ontario. Designed by NORR and Hariri Pontarini Architects, the 46,000-sf facility was constructed as an addition to Essex Hall and provides collaborative wet and dry laboratories for the study of advanced materials, transitional health, and medical physics.

Texas A&M University opened the $104 million Medical Research and Education Building II (MREB II) in June of 2019 in Bryan, Texas. Designed by Flad Architects and OMNIPLAN, the 155,077-sf project comprises a 48,200-sf vertical expansion to the existing Medical Research and Education Building (MREB I) and a 122,800-sf addition, enabling the College of Medicine's basic science departments to be collocated in a single campus.

Vermeulens has released its market outlook report for the first quarter of 2019. Key points include: