Parag Deulgaonkar of Emirates Business 24/7 reports
Limitless, the global master-development arm of Dubai World, has dropped the plan to go ahead with the Karachi Waterfront, a multibillion-dollar project in Pakistan, and is currently reviewing its project stream in light of the world economic crisis, a company spokesperson said.
SOURCE: Emirates Business 24/7 – Limitless drops Karachi Waterfront development
Foster + Partners reports
Foster + Partners and Buro Happold joint venture has been appointed to design four stations along a new high speed railway line in the Kingdom of Saudi Arabia, which will link the cities of Makkah and Madinah via Jeddah. The Haramain High-speed Railway (HHR) is a major infrastructure project, conceived to forge new social and economic links by dramatically cutting journey times between the cities in western Saudi Arabia and by providing a new transport option for many of the pilgrims making the journey to the religious cities of Makkah and Madinah.
SOURCE: Foster + Partners
Technorati Tags: foster + partners, buro happold, JV, saudi arabia, jeddah, makkah, madinah
Seattle Daily Journal of Commerce reports
“Despite the slow economy, designers are looking forward to the new green economy and more public work.
Landscape architects started seeing the impacts of the economic downturn last year……….”
Read the full article at the [SOURCE: Seattle Daily Journal of Commerce – What the future holds for landscape architects]
Finance and Commerce reports
“We believe it’s a great time to develop because there’s not a whole lot being developed,” said Robb Bader, vice president of acquisitions and development for St. Louis Park-based Bader Development. His firm, in fact, is gearing up to break ground on a $31 million apartment development in St. Louis Park.
The St. Louis Park-based developer is planning to begin construction on The Ellipse, a project offering 132 rental units and 16,000 square feet of ground floor retail space, at the northwest corner of France Avenue and Excelsior Boulevard.
project team includes Minneapolis-based DJR Architecture,
Minneapolis-based Damon Farber Associates as landscape architect and
the Hopkins-based Frana Companies as general contractor. The
Minneapolis-based Ackerberg Group will lease the commercial space in
SOURCE: Finance and Commerce