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Redevelopment

All articles tagged with #redevelopment

Penn Station overhaul advances with pre-development pact and $7–8B budget
real-estate19 days ago

Penn Station overhaul advances with pre-development pact and $7–8B budget

Amtrak and Penn Transformation Partners signed a pre-development agreement to push Penn Station’s overhaul toward a final design and a detailed budget estimated at $7–8 billion, with a 2027 completion window for the pre-development phase and ongoing community engagement. Led by Amtrak’s Andy Byford and Penn Transformation Partners (Halmar/Skanska) under Vishaan Chakrabarti’s design, the plan would relocate the main entrance to Eighth Avenue, wrap Madison Square Garden into a circular form atop the terminal, and replace the current maze of ticketing and corridors with a single, daylight-flooded concourse with shops and services. Madison Square Garden would stay atop the station, and federal DOT funding supports the project as momentum toward construction builds.

via New York Post|
#amtrak#architecture#penn-station
Penn Station overhaul sparks pushback as officials demand cost, partners, and neighborhood impact
politics1 month ago

Penn Station overhaul sparks pushback as officials demand cost, partners, and neighborhood impact

A coalition of New York officials rallied near Penn Station to demand transparency about the private-led redevelopment, criticizing the Trump administration for sidelining local voices; Amtrak has named Penn Transformation Partners (including Vornado, Halmar and Skanska) as master developer, with plans for a new eighth-avenue entrance and improved operations, but total costs and neighborhood impact remain unclear as federal funding is discussed and state/MTA contributions are unsettled.

via Gothamist|
#amtrak#master-developer#penn-station
Toxic rubble from White House renovation fuels DC golf course redevelopment dispute
politics2 months ago

Toxic rubble from White House renovation fuels DC golf course redevelopment dispute

A federal judge warned the Trump administration to proceed carefully on plans to overhaul Washington D.C.'s East Potomac golf course after soil data showed toxic metals in rubble from the White House East Wing demolition; the DC Preservation League filed an emergency restraining order, the court allowed maintenance to continue for now, and officials face questions about contaminants, potential course closures, and a broader waterfront redevelopment including a championship course and a national garden.

via The Guardian|
#east-potomac#politics#redevelopment
Long Island malls pivot to open-air layouts and mixed-use revamps
business2 months ago

Long Island malls pivot to open-air layouts and mixed-use revamps

Newsday reports that most of Long Island’s enclosed malls are being redeveloped to boost foot traffic and sales, with new layouts, a heavier emphasis on dining and entertainment, and a shift toward open-air formats and mixed-use components. Timelines and specifics vary by property as developers reposition anchors and bring in diverse tenants to create more experience-focused destinations.

via Newsday|
#business#long-island#malls
Cal Neva Revival: Lake Tahoe Proper to Open in 2027
travel2 months ago

Cal Neva Revival: Lake Tahoe Proper to Open in 2027

The historic Cal Neva Resort on the California–Nevada border is being redeveloped into the Lake Tahoe Proper Resort and Casino with a $298 million financing package, adding 197 rooms plus a casino, spa, restaurants and a restored theater, and is slated to reopen in 2027 under Realberry and Proper Hospitality, aiming to honor its Hollywood glamour while updating the landmark for today’s travelers.

via Fox News|
#cal-neva#lake-tahoe#proper-hospitality
Royals Unveil Downtown Crown Center Stadium as Part of $3B Redevelopment
business2 months ago

Royals Unveil Downtown Crown Center Stadium as Part of $3B Redevelopment

The Kansas City Royals announced a $3 billion redevelopment plan at Crown Center, including a $1.9 billion ballpark and surrounding district. Funding would come from about $600 million in city support via tax-increment financing, Missouri tax credits, and roughly $2 billion in private financing. Groundbreaking is slated for 2027 with a 2030 Opening Day, and Hallmark HQ will relocate to accommodate the project. No public vote is required, though the City Council will negotiate a term sheet and lease as the project proceeds—all downtown, with earlier site searches shifting away from North Kansas City and Overland Park.

via Royals Review|
#business#crown-center#kansas-city
Rays outline $1.065B public financing for new Tampa stadium
local3 months ago

Rays outline $1.065B public financing for new Tampa stadium

The Rays seek about $1.065 billion in public funds for a $2.3 billion stadium in Tampa, with the team contributing $1.235 billion. Public money would come from Hillsborough County and the city via sources including the half-percent sales tax, the 6% lodging tax (sixth cent), the Drew Park Community Redevelopment Area, the Community Investment Tax, and potentially HUD disaster-recovery funds. Approvals are targeted by June 2026 for a 2029 opening, with final Sources and Uses yet to be finalized.

via Tampa Bay Times|
#funding#local#rays
Smithfield to Build $1.3B Sioux Falls Plant, Spark Downtown Redevelopment
business4 months ago

Smithfield to Build $1.3B Sioux Falls Plant, Spark Downtown Redevelopment

Smithfield Foods plans to replace its 117-year-old Sioux Falls facility with a new, state-of-the-art plant on Foundation Park, a roughly $1.3 billion investment over three years that will add more than 1.4 million square feet of production space and aim to start operations in late 2028. The project is paired with a $50 million gift from philanthropist Denny Sanford to relocate the existing site and redevelop about 120 acres adjacent to downtown as a transformative district called The Sanford District, signaling the largest business investment in South Dakota history and a major downtown revitalization effort.

via SiouxFalls.Business|
#business#foundation-park#redevelopment
Portland's Lloyd Center to Close by Year-End Amid Redevelopment Plans
business5 months ago

Portland's Lloyd Center to Close by Year-End Amid Redevelopment Plans

Lloyd Center in Northeast Portland will close by the end of the year as owners move to demolish the mall and redevelop the site into 14 parcels, prompting frustration from local businesses and longtime patrons who value the mall as a community space. While supporters hope for adaptive reuse and new amenities in the future, no official closing date beyond year-end has been set and planners say there will be no more holiday seasons at the mall.

via KGW|
#business#lloyd-center#mall-closure
Portland’s Lloyd Center to be Demolished for an 18-Block Redevelopment
local5 months ago

Portland’s Lloyd Center to be Demolished for an 18-Block Redevelopment

Portland’s Lloyd Center will be demolished this winter as developers plan an 18-block redevelopment in the Lloyd District that adds housing (affordable and market-rate), retail storefronts, transit-connected streets, and six acres of publicly accessible open space. A permanent ice rink is not included. Tenants such as Floating World Comics and Star Tropics Pinball Museum will be displaced with at least three months’ notice, and supporters of the Save Lloyd campaign are rallying residents ahead of a Feb. 5 design commission hearing to try to preserve the mall’s legacy.

via Willamette Week|
#demolition#lloyd-center#local
PHA plans $84M project to turn Germantown vacant lots into affordable rentals
local-news6 months ago

PHA plans $84M project to turn Germantown vacant lots into affordable rentals

The Philadelphia Housing Authority plans to invest $84 million to transform over two dozen vacant properties in Germantown into 121 affordable rental units, with work expected to start by spring 2027. The project aims to revitalize blighted properties, including historic sites, and provide deeply affordable housing for households earning at or below 30% of the area median income. The initiative follows a history of neglect and legal battles involving previous ownership, and is part of broader efforts to improve neighborhood housing.

via WHYY|
#affordable-housing#germantown#local-news
Southern Illinois Mall Revival Faces Hurdles Despite $112M Bond Deal
local-government-and-development6 months ago

Southern Illinois Mall Revival Faces Hurdles Despite $112M Bond Deal

A $112 million redevelopment project in Marion, Illinois, aimed at revitalizing a dying mall and boosting the local economy, faces challenges due to the financial troubles and foreclosure of one of the key developers, Jerry Barrass, which could impact the project's future plans. Despite these issues, local officials and remaining partners continue to push forward with the project, which includes entertainment venues, hotels, and attractions designed to attract tourists and create jobs.

via Capitol News Illinois|
#economic-development#foreclosure#local-government-and-development