Jen Aronoff of CharlotteObserver.com reports
Recent bankruptcies in the USA has opened 900,000 sq. ft. of retail space.
“The International Council of Shopping Centers says an estimated 148,000 stores closed across the country in 2008, the most since 2001, with 73,000 more projected to shut by July”
[SOURCE: CharlotteObserver.com – Empty big boxes not easy to fill]
Technorati Tags: circuit city, big box, recession, 2009, ICSC,
Foster + Partners reports
Hermitage Plaza will create a new community to the east of La Défense, in Courbevoie, that extends down to the river Seine with cafés, shops and a sunny public plaza at its heart. Revealed by Foster + Partners at MIPIM in Cannes, the project incorporates two 323-metre-high buildings – the tallest mixed-use towers in Western Europe – which will establish a distinctive symbol for this new urban destination on the Paris skyline.
[SOURCE: Foster + Partners]
West 8 reports
“To preserve the wonderful ancient alder thickets at the Leidsche Rijn Park, cutting back the trees is a heavy, but grateful chore. Together with the 100.000 new trees that are being planted at the moment, the existing planting will transform the newest part of Leidsche Rijn Park, the so called Binnenhof-West, into a beautiful green landscape. Besides planting the new trees, construction works also include re-excavating the Vikingrijn (a meander of the River Rhine) and constructing new tracks and bridges.”
SOURCE: West 8 Urban Design & Landscape Architecture / news / Pruning and planting at Leidsche Rijn Park
Technorati Tags: West 8, Trees, Leidsche Rijn Park
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,