image description

Posts Tagged ‘local redevelopment authority’

Fort Chaffee LRA, National Guard Land Swap on Hold over Valuations

  • September 11, 2014
  • comments: 0

A proposed property exchange between the Fort Chaffee Redevelopment Authority and the Arkansas Army National Guard has been held up over a large disparity in property appraisals between the two parcels. Appraisals obtained by the LRA concluded that the tract it is offering the Guard for a new training center is worth $2 million more than the land it would receive in return, said Ivy Owen, the authority’s executive director. Owen sent the appraisals three months ago to the Army Corps of Engineers to review …

D.C. Hospital Looks to Obtain Piece of Walter Reed

  • September 10, 2014
  • comments: 0

A Washington, D.C.–based pediatric hospital is hoping to obtain a parcel on the campus of the former Walter Reed Army Medical Center for an institute devoted to biomedical research. A deal, however, has not yet been reached between the Children’s National Health System and the federal government. Language in the House version of the fiscal 2015 defense authorization bill authorizes — but does not require — the Army to convey 13.2 acres to the Children’s system at no cost …

Brunswick Landing Holds Groundbreaking for Business Incubator

  • September 9, 2014
  • comments: 0

Local officials held a ceremony at the former Naval Air Station Brunswick in Maine last week to mark the start of $1.5 million in renovations to turn a Navy maintenance facility into a shared manufacturing workspace for startups. So far five technology firms have said they are interested in moving to TechPlace when it opens at Brunswick Landing in December, reported the Bangor Daily News. “TechPlace provides a rare opportunity to join a community of creative innovators and bold entrepreneurs in a shared high-tech manufacturing workplace,” said Steve Levesque …

New Board for South Weymouth Project Faces Heavy Workload

  • September 7, 2014
  • comments: 0

The new board created by legislation intended to overhaul the redevelopment of the former Naval Air Station South Weymouth will have a full plate when it holds its first meeting in two weeks. The major challenges facing the newly formed SouthField Redevelopment Authority — which is replacing the long-standing LRA, the South Shore Tri-Town Development Corp. and its five-member board — include implementing a new budget, setting a tax rate and overcoming a steep learning curve on a project that has fallen behind schedule and failed to attract interest from commercial developers …

Business Activity Lags Residential Program at Fort Monroe

  • September 2, 2014
  • comments: 0

Former Army residences at Fort Monroe have proved popular as 95 percent of homes and apartments at the property are leased, but the LRA’s fortunes have been less successful at filling the historic post’s office and commercial space. About 1.1 million square feet of commercial space exists at the installation located on the Virginia shore of the Chesapeake Bay, but only 22 companies and organizations are tenants, reported the Daily Press. The primary difficulty the authority faces is the need for major renovations on many of the buildings at Fort Monroe …

Master Developer Competition for Willow Grove Narrows to Four Teams

  • September 2, 2014
  • comments: 0

One of five teams vying vie to become the master developer for the former Naval Air Station Joint Reserve Base Willow Grove withdrew its bid and, instead, has joined forces with one of the four remaining competitors. Toll Brothers, which is headquartered in the same town as the installation — Horsham, Pa. — now is part of the team led by Miami-based Lennar Corp., reported the Philadelphia Business Journal. The teams submitted their proposals to spearhead redevelopment of the 862-acre site located north of Philadelphia to the Horsham Land Redevelopment Authority last month …

Kroger Groundbreaking Marks Start of New Life for Ft. Gillem

  • September 1, 2014
  • comments: 0

State and local officials are pointing to last month’s groundbreaking ceremony at the former Fort Gillem for a 1 million-square-foot distribution center for Kroger as the first step in converting the Atlanta-area post into a major logistics hub for the region. “It is good to see this property being able to be used for other purposes, and I know that many of you have waited for this first breakthrough event, and I believe it is just that,” Georgia Gov. Nathan Deal (R) said at the Aug. 19 event, reported WABE. “It is the beginning of what hopefully are many other opportunities for development will follow …

State Senator Urges Army to Scrutinize Ft. McPherson Sale to Tyler Perry

  • August 26, 2014
  • comments: 0

State Sen. Vincent Fort (D), whose district includes the former Fort McPherson, is asking the Army to consider the repercussions of allowing the LRA to sell two-thirds of the post to filmmaker Tyler Perry, given the many years spent by community members crafting a mixed-use plan for the site. The proposed sale is “an abandonment of the approved … plan and is a betrayal of the citizens of East Point and Atlanta,” Fort said in an Aug. 7 letter to Army Secretary John McHugh. “There was a master plan in process that went on for several years,” he told Army Times last week …

New Jersey Developer Wins Auction for Property at Kelly Support Facility

  • August 14, 2014
  • comments: 0

A New Jersey real estate developer submitted the winning bid for 18 acres at the former Charles E. Kelly Support Facility located outside of Pittsburgh. Paul Cusa, who owns Atlantic Office Suites in Wall, N. J., bid $580,000 during a live auction run by the General Services Administration. Four bidders participated in the auction for the property closed under the 2005 BRAC round, reported the Pittsburgh Post-Gazette. The two parcels auctioned include the commissary building and a former missile bunker. They are next to a 72-acre park Collier Township received from the federal government via a public benefit conveyance. A community center under construction there is almost complete. No plans for the two parcels zoned for mixed use have been announced. The township would like to see a mix of uses, including homes, offices and businesses, according to the story.

Starwood Ready to Move Ahead after SouthField Reform Legislation Passes

  • August 14, 2014
  • comments: 0

The master developer for former Naval Air Station South Weymouth has a long list of tasks to address after Massachusetts lawmakers this week cleared legislation intended to jumpstart the reuse project located outside of Boston and, at this point, the firm seems eager to get started. “The moment the Senate [passed] the bill, our phones started ringing,” Matthew Barry, vice president of Starwood Land Ventures, told Wicked Local Abington. “There’s a lot of excitement in the market for residential, retail, as well as commercial …

Array ( )