274,000 sq. ft.
Pure Development has broken
ground on a mission-critical manufacturing facility for Beijing West
Industries Co. Ltd. (BWI), a growing
Chinese supplier to the U.S. automotive market, in Green;eld, Indiana.
Pure will invest approximately $40
million to develop the facility; BWI
will invest another $50 million over
the course of its 20-year lease. BWI
will use the facility to manufacture brake and suspension systems for
global automotive companies like Audi, BMW and Honda. Construction
of the almost 275,000-square-foot facility began in July; BWI expects to
begin operations at the facility by August 2019.
200,000 sq. ft.
Condor Partners is redeveloping two 100,000-square-foot loft buildings in Chicago’s Pilsen neighborhood into Mural Park, a mixed-use
project that will include of;ce, light
manufacturing and retail space. The
project, which has been designed
to celebrate the local community’s
rich cultural history, is expected to
be ready for occupancy in the ;rst
quarter of 2018. It will cater to
existing Pilsen businesses as well as
local startups and nonpro;ts. Amenities will include a restaurant, cafe, rooftop deck and bicycle storage. A
plaza will feature murals in conjunction with the local National Museum
of Mexican Art and other local artists. Transwestern is providing leasing
190,000 sq. ft.
St. John Properties is building Grove Tower, a 190,000-square-foot of;ce
building in Pleasant Grove, Utah. The six-story structure, which will be
the largest multitenant of;ce
building between Provo and
Sandy, will be adjacent to two
single-story of;ce buildings St.
John has already completed in
the 60-acre Valley Grove master-planned development. Grove
Tower is expected to be completed in December 2017, with
tenant occupancy beginning in
January 2018. Software developer Instructure will be the anchor tenant.
this a rare occurrence. Lately, the development of ADUs in the backyards
of single-family homes, where they
are also known as “granny ;ats,” has
taken off in cities that have embraced
them. These include Vancouver,
Seattle and Portland, Oregon.
San Francisco’s ADU effort now
offers a test case for cities wanting
more housing at a range of afford-ability levels. Creating ADUs within
existing apartment buildings requires
signi;cant effort to balance the needs
of residents, owners, neighbors,
investors and the community. San
Francisco is beginning to demonstrate
that this process can work in one of
the tightest housing markets in the U.S.
Adding ADUs is a timely response
to market conditions and consumer
trends. More and more urban dwellers
are seeking smaller living spaces than
those they grew up in, and many see
value in adding density that reduces
a building’s ecological footprint. They
also love the walkable retail- and
usually found at the heart of American cities.
The following are among the key elements of San Francisco’s ADU regulations and similar efforts to encourage
the development of ADUs elsewhere:
Fast-tracking Reviews. At the San
Francisco Planning Department, the
goal for ADU plan reviews is three
to four months, compared to the
standard six months for most plan