1. Abandoned 15-story high-rise becomes mixed-use luxury apartment building (BD+C)
"After being abandoned in 2009, GSP Development purchased the building and tasked Kimmich Smith Architecture and McShane Construction Company with redeveloping the structure into a Class A multi-family residence."
2. J. Small Investments, Lyda Hill Philanthropies have unveiled plans for a 23-acre mixed-use development in Dallas (BD+C)
"The North Texas Biotech Hub is a key component of Pegasus Park. The envisioned Biotech Hub will offer approximately 37,000 sf of premium, flexible lab, training, and office spaces dedicated to life science innovation. The project will provide tenant-driven services and cost-effective month-to-month leases for science and tech entrepreneurs."
3. N.Y. construction firm to pay $1.5 million to settle sexual harassment claim (BD+C)
"According to a report in the New York Post, Trade Off is a “body shop,” providing predominantly black and Latino construction laborers to large firms. Many of its employees are formerly incarcerated New Yorkers who must remain employed as a condition of their parole."
4. 'Tax us. Tax us. Tax us.' 83 millionaires signed letter asking for higher taxes on the super-rich to pay for COVID-19 recoveries (Business Insider via National Real Estate Investor)
“A group of 83 millionaires are pleading in an open letter to be taxed more in order to pay for the damage COVID-19 had caused to economies around the world.”
5. Researchers are developing anti-coronavirus tech suitable for buildings (Bisnow)
"Early in the coronavirus pandemic, inventors and entrepreneurs devised various simple tools to help people occupy space more safely, such as a hook to open doors hands-free and a bracelet that tells users when they have touched their faces."
6. Coworking Outlook Positive, JLL Finds (Commercial Property Executive)
"The fallout from COVID-19 will pave the way for the sector's rebirth as a multifaceted office offering."
7. How Retail Leases Will Change in a Post-COVID World (GlobeSt.)
"We talk to a Cox, Castle & Nicholson partner about the retail lease provisions that will change as a result of the coronavirus pandemic."
Related Stories
Market Data | May 12, 2020
6 must reads for the AEC industry today: May 12, 2020
A 13-point plan to reduce coronavirus deaths in nursing homes and Bjarke Ingels discusses building on Mars.
Market Data | May 11, 2020
Interest in eSports is booming amid COVID-19
The industry has proved largely immune to the COVID-19 pandemic due to its prompt transition into online formats and sudden spike in interest from traditional sports organizations.
Market Data | May 11, 2020
6 must reads for the AEC industry today: May 11, 2020
Nashville residential tower will rise 416 feet and the construction industry loses 975,000 jobs.
Market Data | May 8, 2020
Construction industry loses 975,000 jobs in April as new association survey shows deteriorating demand for construction projects
Association partner Procore also releases near real-time construction data measuring impacts of coronavirus as association calls for new measures.
Market Data | May 8, 2020
7 must reads for the AEC industry today: May 8, 2020
The death of the office and Colorado's first multifamily project to receive WELL Precertification.
Market Data | May 7, 2020
5 must reads for the AEC industry today: May 7, 2020
5 memory care communities with a strong sense of mission and making jobsites safer in the COVID-19 world.
Market Data | May 6, 2020
6 must reads for the AEC industry today: May 6, 2020
5 questions engineers will ask after COVID-19 and coronavirus threatens push for denser housing.
Market Data | May 5, 2020
5 must reads for the AEC industry today: May 5, 2020
A new temporary hospital pops up in N.J., and apartment firms' reactivation plans begin to take shape.
Market Data | May 4, 2020
6 must reads for the AEC industry today: May 4, 2020
How working from home is influencing design and is this the end of the open office?
Market Data | May 4, 2020
The Los Angeles market continue to lead the U.S. hotel construction pipeline at the close of the first quarter of 2020
Nationally, under construction project counts hit a new all-time high with 1,819 projects with 243,100 rooms.