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Posts Tagged ‘defense real estate’

Infinity Takes over UAS Park Project at Grand Forks AFB

  • July 13, 2014
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New Braunfels, Texas-based Infinity Development Partners has stepped in to become the developer of the Grand Sky unmanned aerial systems (UAS) technology park at Grand Forks Air Force Base, N.D., after the existing developer backed out. Infinity has been involved in the enhanced use lease project since its inception through its work supporting Grand Forks County, which will be leasing a 217-acre site from the Air Force. The Grand Forks County Commission approved the change in developers last week …

Fort Hood Family Housing to Inject $69M into On-Post Housing

  • July 2, 2014
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Lend Lease will reinvest $69 million to renovate and replace existing housing at Fort Hood, Texas, that was not included in the privatization project’s initial development period, which ended in 2006. Fort Hood Family Housing, the partnership created between Lend Lease and the Army, last week said it planned to convert 172 duplex-style homes into 86 single-family homes and perform significant utility infrastructure upgrades throughout the West Chaffee Village neighborhood …

Air Force Signs Deal to Privatize Power at Hill AFB

  • June 23, 2014
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The Air Force has signed a $281.6 million contract with Long Beach, Calif.-based City Light & Power to privatize the electrical distribution system at Hill Air Force Base, Utah. The power company will invest $5 million during the first year of the 50-year contract to bring the installation’s electrical system up to industry standards. The agreement is the second utility privatization contract the Air Force signed this year for Hill …

Southwest Housing Projects Rely on Solar Power

  • June 22, 2014
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Family housing projects at two Air Force bases — Holloman in Alamogordo, N.M., and Davis-Monthan in Tucson, Ariz. — are obtaining a significant share of their energy from rooftop solar systems. The project at Holloman is offsetting approximately 30 percent of residents’ energy consumption with a 3.67-megawatt solar installation made up of rooftop photovoltaic systems installed on 765 homes …

Balfour Beatty Closes on Housing Privatization Deal at Two Air Force Bases

  • June 19, 2014
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Balfour Beatty Communities closed on a deal to develop and manage family housing at Dyess Air Force Base, Texas, and Moody AFB, Ga., the Newton Square, Pa.-based developer announced Thursday. Initial development period costs for the project will reach an estimated $60 million. Over the project term, Balfour will finance, renovate and manage the 674 existing homes at Dyess and during the four-year initial development period it will finance, design and construct about 101 new homes at Moody AFB, as well as two community centers and other amenities across both bases …

Ft. Meade Celebrates Opening of Army’s First Unaccompanied Housing Project

  • June 18, 2014
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Officials from Fort Meade, Md., and Corvias Military Living held a ribbon-cutting Wednesday for the Army’s first privately-developed, on-post apartment community for unaccompanied junior service members. Reece Crossings consists of 432 apartments and will improve the quality-of-life for more than 1,000 service members by providing them the opportunity to live at Fort Meade close to community, work and training resources …

Phase Two of Kitsap Housing PPV to Redevelop 600 Homes for Sailors

  • June 17, 2014
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The Navy and Forest City, its partner for privatized family housing at Naval Base Kitsap, Bremerton, Wash., have signed an agreement for the $60 million, second phase of redevelopment at the installation. The agreement calls for the public-private venture (PPV), Northwest Military Communities LLC, to “revitalize outdated and underutilized units and right-size the overall housing inventory and bedroom mix,” according to a press release. The project, slated to take four years, will result in 624 privatized homes for enlisted active-duty service members at ranks E1-E7. Upon completion of this phase, there will be a total of about 3,370 homes privatized in Navy Region Northwest with Northwest Military Communities, which also includes Naval Station Everett and Naval Air Station Whidbey Island.

Is Army Lodging Program Increasing Its Vulnerability to Security Threats, Committee Asks

  • June 10, 2014
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The Senate Armed Services Committee directs DOD and the Army to review their policies regarding base access for persons using privatized lodging facilities to ensure that installations are not exposed to unnecessary security threats, according to the committee report accompanying the fiscal 2015 defense authorization bill passed last month. The committee said it supports the Privatization of Army Lodging (PAL) program but remains concerned that “some PAL hotels, in the interest of improving occupancy rates, may have provided lodging to persons who wouldn’t otherwise have access to the installation …

Committee Urges DOD to Consider Local Reuse Potential for Military Property

  • June 2, 2014
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Defense officials should consider the steps the department could take to assess the local redevelopment potential for military properties and facilities, according to the report of the Senate Appropriations Committee accompanying the fiscal 2015 military construction and veterans affairs spending bill. “Prior to approving new construction or upgrades, the department should consider local interest, property value and related cost savings that could result from the transfer and disposal of facilities or properties …

Eglin EUL Enhances Mission while Supporting Upgrades for Base Facilities

  • June 1, 2014
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Air Force officials had plenty of reasons to be happy during last month’s ribbon-cutting for a resort hotel at Fort Walton Beach built on property owned by Eglin AFB. The 152-room Holiday Inn Destin West Resort on the Florida Panhandle, developed by Emerald Breeze Resort Group through an enhanced use lease (EUL), will provide the installation with an added revenue stream to fund infrastructure upgrades and repairs. The EUL program has helped make up for a significant shortfall in Eglin’s budget for facility repairs and upgrades, providing almost $30 million through in-kind payments from existing projects …

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