177,000 sq. ft.
New South Construction Co. has broken ground on the Hull McKnight
Georgia Cyber Innovation and Training Center on the Augusta University
campus in Augusta, Georgia.
The $60 million project, which
is being fast-tracked, is slated to
open in July 2018. The Georgia Technology Authority is
overseeing construction of the
which will include a parking deck with more than 500 spaces. The facility will house the university’s Cyber Institute and Augusta Technical College programs as well as the Georgia Bureau of Investigation’s new cyber
crime unit plus research and development and incubator space.
145,000 sq. ft.
SmithGroupJJR has designed a new three-story Silicon Valley of;ce
building that will be developed by Spear Street Capital at 221 N.
Mathilda Ave. in Sunnyvale,
California. The 145,000-square-
foot building’s most signi;cant
design feature will be a custom
glass artwork that will span the
east facade. Commissioned from
artist Stephen Galloway, the
artwork re;ects the site’s history
as an orchard. The building, which is slated for completion in fall 2018,
will feature large ;oorplates up to 49,500 square feet, ;oor-to-;oor
windows and industrial elements that create an open, warehouse feel.
The site also includes a 1,200-square-foot historic home, which will be
redeveloped as a multipurpose conference/amenity facility.
78,000 sq. ft.
Terra, in partnership with Mayfair Real Estate Advisors, is transforming a 1980s-era parking garage in central Coconut Grove, Florida, into
a mixed-use building. The
redeveloped structure, which will
include 78,000 square feet of
of;ce space on three ;oors and
18,000 square feet of street-level retail frontage while retaining the existing public garage,
will mark the ;rst delivery of new
Class A of;ce space in the neighborhood in more than 20 years.
Known as Mary Street, the project will also feature electric car-charging
stations and bicycle storage. Construction began in August 2017 and is
expected to be completed in late 2018.
follow-on from the city’s approval of
using 100 percent PACE ;nancing to
retro;t earthquake-prone buildings, a
process known as soft-story retro;ts.
While additional ;nancing sources
would help property owners develop
more ADUs, Veritas already has
several projects underway in San
Francisco. At 735 Taylor Street, a
62-unit residential building near
Union Square with a Walk Score
rating of 99 out of a potential 100,
the ;rm is adding seven new units in
former banquet/meeting space. This
classic Victorian-style building had
a classic problem: While ;oor plans
and resident tastes have changed
over the years, the building hadn’t. By
redeveloping underutilized portions
of the interior, the company is adding
modern amenities as well as ADUs.
The city’s ADU legislation has made
it possible for Veritas to create new
housing while preserving the building’s historic character, at a cost
less than that of comparable new construction in San Francisco. In another
example, 1750 Golden Gate Avenue,
the ;rm is converting underutilized
garage and storage space to create
two new apartments scheduled to
open in 2018.
Over the next ;ve years, Veritas would
like to develop some 200 to 400
ADUs in more than 100 multifamily
and mixed-use multifamily and retail
buildings throughout San Francisco.
The experience will be a test case
for innovation that can be tailored
to other cities with housing crises,
as well as an example for smaller
property owners in San Francisco and
By Yat-Pang Au, CEO, Veritas Investments