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Posts Tagged ‘local redevelopment authority’

City to Spend $50M on Public Art at Treasure Island

  • July 26, 2015
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The $1.5 billion transformation of San Francisco’s Treasure Island into a mixed-use community slated to take place over the next two decades will have a strong emphasis on public art under a plan the San Francisco Arts Commission is assembling. The commission, which is planning to spend $50 million at the former naval station in San Francisco Bay, is considering a variety of projects to turn the island into an art-world destination — island-wide treasure hunts, dance performances, light displays, wind-activated art and sculpture gardens. “As San Francisco is changing, this is really an investment in the role of artists in San Francisco and the artists who have made this city so great,” said Tom DeCaigny, the commission’s director of cultural affairs …

Former Kansas Ammo Plant in Running for Logistics Hub

  • July 22, 2015
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The former Kansas Army Ammunition Plant has been selected as one of seven finalists by the state Department of Transportation for a transload shipping center. The Great Plains Industrial Park, as the reuse project is called, was chosen from 111 proposals, reported the Joplin Globe. The transload center, which would be used for truck-to-rail and rail-to-truck transfers, would create jobs and lower shipping costs. In southeastern Kansas where Great Plains is located, a hub would benefit local industry and customers, said Ed McKechnie, chairman of the American Short Line and Regional Railroad Association. “Anytime you can have an additional investment in the infrastructure in this part of the state, it’s an opportunity to reduce costs in people’s supply chain, make them more competitive …

Pulte Homes Closes on Development at SouthField

  • July 16, 2015
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Pulte Homes this week closed on the first phase of a new neighborhood at the former Naval Air Station South Weymouth that will feature 108 housing units in one of the first major steps taken by the project’s new master developer to turn the base located outside of Boston into a master-planned community. The development will include 81 single-family homes and 27 townhouses on 34 acres at SouthField, according to a press release from master developer LStar Communities. Units will range from 1,800 to 2,200 square feet and will predominantly feature two to three bedrooms, with a few four-bedroom units. Transit access will be a key component of the project, with pedestrian paths planned to connect the neighborhood to the South Weymouth commuter rail station. Construction is expected to be completed over the next two years …

Filmmaker’s Offer Prompts SouthField Developer to Renovate Navy Hangar

  • July 8, 2015
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In a reversal of plans, LStar Management, which assumed control of the redevelopment of the former South Weymouth Naval Air Station in May, has decided to renovate an old Navy hangar for filmmakers after it was approached by a company interested in using the space to make a movie. Instead of demolishing the 33,000-square-foot hangar as part of its plan for turning the Boston-area site into SouthField, the project’s latest master developer has been readying the hangar for the movie maker, reported Wicked Local Weymouth. The first phase of the renovation will cost about a half-million dollars and covers remediation of the soil and lead paint, and the replacement of 400 broken windows, said LStar managing partner Kyle Corkum. A second phase would upgrade an office attached to the hangar …

Guidance on Prevailing Wage Rate Rule to Benefit Redevelopment at Ft. Monmouth

  • July 7, 2015
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Recent guidance from New Jersey’s attorney general’s office concluding that the state’s prevailing wage rate rules do not universally apply to new construction at Fort Monmouth should help the LRA reach sales and redevelopment agreements with developers for a variety of projects at the former post. Prevailing wage requirements will apply only if a project includes public work or if the developer receives financial assistance from the Fort Monmouth Economic Revitalization Authority (FMERA) or any state entity, reported Word on the Shore. “The updated language reflects how FMERA now reviews contracts and projects on a case-by-case basis to determine the applicability of prevailing wage requirements in each case,” said Rachel Goemaat, spokesperson for the New Jersey Economic Development Authority …

Sale of Officer Housing to Result in Ft. Monmouth’s First Residential Project

  • July 5, 2015
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The LRA for the former Fort Monmouth last month approved the sale of 117 units of officer housing within the Fort Monmouth National Register Historic District in Oceanport, N.J., for $8.3 million, paving the way for the reuse effort’s first residential project. The officer housing is located on two parcels totaling 36.5 acres, and includes residential units in single, duplex and four-plex configurations surrounding and adjacent to the post’s parade ground. The developer’s proposal calls for 68 market-rate, for sale units north of the parade ground and 48 rental units south of the parade ground, according to a press release from the Fort Monmouth Economic Revitalization Authority. The South Post units would be a mix of market-rate and affordable housing rentals …

LRA Closes on Deal to Acquire Ft. McPherson from Army, Sell Bulk to Filmmaker

  • June 28, 2015
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The Fort McPherson LRA on Friday approved the sale of about 330 acres of the 475-acre post to filmmaker Tyler Perry, before the authority closed on its agreement with the Army to acquire the post located on the southwest edge of Atlanta. The McPherson Implementing Local Redevelopment Authority now owns 145 acres at the installation free and clear and will begin crafting a redevelopment plan for the property. The authority’s plans include walkable, mixed-use development connected to two MARTA stations, a vibrant historic village, mixed-use retail development supporting Perry’s film studios, office or medical office space, and market rate multifamily developments …

Construction at Former Walter Reed to Break Ground Late Next Year

  • June 28, 2015
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The joint venture converting the former Walter Reed Army Medical Center in northwest Washington, D.C., into a mix of housing and commercial development plans to break ground on the project’s first phase before the end of 2016. Plans for the 66-acre Parks at Walter Reed call for 250,000 square feet of retail, 2,000 housing units, a Hyatt hotel and conference center, and an “innovation core” of offices anchored by George Washington University, MIT and bioscience firms. The D.C. City Council could approve the transfer of the land from the Army late this year and simultaneously approve a 99-year ground lease to the joint venture of Hines Interests and Urban Atlantic …

City Approves $500M Plan to Transform Alameda Point

  • June 22, 2015
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The Alameda City Council last week approved plans to revitalize a 68-acre portion of the former Naval Air Station Alameda, Calif., into a mixed-use project featuring 800 homes and 600,000 square feet of retail and commercial space. Approval of the $500 million plan from Alameda Point Partners — which also calls for 15 acres of parks and open space, and possibly a new ferry terminal — comes after the city decided to direct the project itself following two failed efforts led by master developers over the past decade. The development team includes commercial builder srmErnst, retail company Madison Marquette, residential developer Thompson Dorfman Partners and nonprofit Eden Housing …

Ft. McPherson Sale to Filmmaker to Close Shortly

  • June 17, 2015
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The LRA for the former Fort McPherson is expected to close on the sale of 330 acres, about two-thirds of the 475-acre post located on the southwest edge of Atlanta, to filmmaker Tyler Perry for $30 million by the end of the month, reported the Wall Street Journal. The McPherson Implementing Local Redevelopment Authority plans to acquire the installation from the Army for $26 million. The property has been appraised for as much as $75 million. Perry, best known as the creator of the “Madea” film franchise, would purchase the property for $30 million to build up to 16 sound stages for a movie and television production complex. The redevelopment authority will retain more than 144 acres that it intends to remake into a mix of shops, offices, apartments and open space …

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