Emirates Business 24/7 reports
“Memon Investments, a Dubai-based property developer and part of the Memon Group of Companies, has projected that the UAE real estate market will bounce back within the next eight to 12 months.
The developer has based its optimistic forecast on recent industry findings, which reflect a decline in the construction cost per square foot by an average of 30 per cent since the onset of the global economic crisis.”
[SOURCE: Emirates Business 24/7 – ‘Recovery within eight to 12 months’]
Technorati Tags: recovery, 2009, UAE
Chronicle.com – Buildings & Grounds: reports
“The University of Pennsylvania plans to spend some $40-million creating a park full of playing fields on 24 acres of land between the Schuylkill River and what is now the east end of the campus. The land, to be known as Penn Park, includes a large parcel that the university bought recently from the U.S. Postal Service, which used 14 acres of it for parking for what used to be Philadelphia’s main mail-sorting facility.
The park, which is expected to be finished in two years, was designed by Michael Van Valkenburgh Associates. The site will include a system for capturing rainwater and using it for irrigation.”
[SOURCE: Buildings & Grounds: U. of Pennsylvania Will Spend $40-Million on a New ‘Penn Park’ – Chronicle.com]
Technorati Tags: Univeristy of Pennsylvania, Penn, new park, Michail Valkenburgh Associates,
Building Design reports
“DSDHA has won the competition to design a major new square on London’s South Bank.
The Waterloo City Square Scheme will see the roundabout circling the Waterloo Imax theatre and the streets around Waterloo Station given a badly-needed revamp, concentrating on rationalising the dark labyrinth of streets and subways around the station.”
SOURCE: Building Design – DSDHA wins Waterloo square competition
Technorati Tags: Buildin Design, UK, Waterloo, New City Square, DSDHA,