Structured Development & Bucksbaum close on new retail site in Chicago

New City LLC, a joint venture of Chicago-based Structured Development and Maxel New City, LLC, a subsidiary of Bucksbaum Retail Properties, LLC, have closed on the purchase of an 8.2 acre site located at Halsted Street and Clybourn Avenue in Chicago’s North/Clybourn retail district. The site is the location of New City, a mixed-use development that will feature 370,000-sf of retail space and 280 residential rental units.

The closing is the next step in bringing the $230 million New City mixed-use retail and residential development to fruition. New City received approval through the Planned Development process in 2008 and now expects to break ground later this year with an anticipated opening in 2014.

One retailer already secured for the New City development is Milwaukee-based Roundy’s Supermarket’s Inc. Roundy’s will operate an 80,000-sf Mariano’s Fresh Market at New City. BD+C

The University of North Carolina at Chapel Hill has unveiled a new medical education building, Roper Hall. Designed by The S/L/A/M Collaborative (SLAM) and Flad Architects, the UNC School of Medicine’s new building intends to train new generations of physicians through dynamic and active modes of learning.

Sustainability | May 10, 2024

Perkins&Will’s first ESG report discloses operational performance data across key metrics

Perkins&Will recently released its first ESG report that discloses the firm’s operational performance data across key metrics and assesses its strengths and opportunities.

MFPRO+ News | May 10, 2024

HUD strengthens flood protection rules for new and rebuilt residential buildings

The U.S. Department of Housing and Urban Development (HUD) issued more stringent flood protection requirements for new and rebuilt homes that are developed with, or financed with, federal funds. The rule strengthens standards by increasing elevations and flood-proofing requirements of new properties in areas at risk of flooding.

Government Buildings | May 10, 2024

New federal buildings must be all-electric by 2030

A new Biden Administration rule bans the use of fossil fuels in new federal buildings beginning in 2030. The announcement came despite longstanding opposition to the rule by the natural gas industry.

Sustainable Development | May 10, 2024

Nature as the city: Why it’s time for a new framework to guide development

NBBJ leaders Jonathan Ward and Margaret Montgomery explore five inspirational ideas they are actively integrating into projects to ensure more healthy, natural cities.

Mass Timber | May 8, 2024

Portland's Timberview VIII mass timber multifamily development will offer more than 100 affordable units

An eight-story, 72,000-sf mass timber apartment building in Portland, Ore., topped out this winter and will soon offer over 100 affordable units. The structure is the tallest affordable housing mass timber building and the first Type IV-C affordable housing building in the city.

Architects | May 8, 2024

Ivan O’Garro, AIA joins LEO A DALY as a vice president

Integrated design firm LEO A DALY welcomes Ivan O’Garro, AIA, as a vice president and managing principal of its Atlanta studio.

K-12 Schools | May 7, 2024

World's first K-12 school to achieve both LEED for Schools Platinum and WELL Platinum

A new K-12 school in Washington, D.C., is the first school in the world to achieve both LEED for Schools Platinum and WELL Platinum, according to its architect, Perkins Eastman. The John Lewis Elementary School is also the first school in the District of Columbia designed to achieve net-zero energy (NZE).