Civic Development News and Data
The latest local trends, news and insights on infrastructure, economic development, housing and economics.
Alabama State University Approves Construction of Two New Student Housing Complexes, 500+ Beds
Alabama State University's board of trustees has approved the construction of two new student housing complexes on campus, providing approximately 552 new beds—an apartment-style building on Forest Avenue with 288 beds and another on South University Drive with 264...
Deven Group to Expand Student Housing Portfolio to $1 Billion, Targeting Tier I Universities
Seizing the increasing enrollment rates in universities, Orlando-based Deven Group plans to expand its student housing development portfolio to over $1 billion in assets within three years, focusing on Tier I research universities with large amounts of funding flowing...
WinnCompanies Begins $51 Million Renovation of Worcester Boys Club into Affordable Senior Housing
The transformation of the historic Worcester Boys Club into 80 senior housing apartments in Worcester, Massachusetts, has already started, as announced by WinnCompanies last week. The $51 million project will renovate the 94-year-old building to create 16 affordable...
Berkadia Closes $92.71 Million in Financing for Senior Housing Communities Across Four States
Additional funding will go towards nine senior housing across Montana, Oregon, Arizona, and Florida, as Berkadia recently announced the successful closing of $92.71 financing for these communities. Spearheaded by Managing Directors Steve Muth and Ed Williams, the...
JEMB Realty Begins 80-Acre P3 Project Near Monmouth Park in New Jersey
JEMB Realty, in a public-private partnership with the State of New Jersey and Darby Development LLC, has commenced work on the development of an expansive 80-acre mixed-use site near Monmouth Park Racetrack in Oceanport. Scheduled to start construction in late 2025,...
LA Metro Secures $893 Million Grant for New Light Rail Project
The U.S. Department of Transportation has awarded an $893.3 million grant to the LA Metro for the construction of a 6.7-mile light rail line along Van Nuys Boulevard in the East San Fernando Valley, funded by President Biden's Bipartisan Infrastructure Law. This...
AECOM Picked as Construction Manager for $8.25B San Francisco Rail Extension
AECOM’s Portal Connectors team has been chosen to provide program and construction management services for San Francisco's $8.25 billion Downtown Rail Extension project. The Portal is the second phase of the Transbay Joint Powers Authority’s $12 billion Transbay...
Lane Construction, Schiavone, and Dragados Awarded $466 Million Contract for Hudson River Tunnel Project
A joint venture of Lane Construction, Schiavone, and Dragados has secured a $466 million contract to build the New Jersey section of the Hudson River Tunnel, the first phase of the $16 billion Hudson River Tunnel Project (HTP) to replace the aging infrastructure. Set...
Additional $65 Million Approved for Cotton Bowl Stadium Renovation
The Dallas Park and Recreation Board has recently approved an additional $65 million for the remodeling of Cotton Bowl Stadium, advancing the renovation project to its next phase. The upgrade, which began in March and is set for completion by September 2025, will...
Tennessee Titans New Stadium Cost Grows to $2.2 Billion
Construction of the new Tennessee Titans Nissan stadium is underway, and costs have grown by about $100 million over original projections, according to documents from a Stadium Authority meeting last Thursday. Scheduled to open by 2027, the $2.2 billion project—funded...
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