Plans to construct a 760,000-square-foot, $100 million Legacy Place lifestyle center in Dedham, Mass., are moving ahead. The open-air development will include 80 retail spaces, a 15-screen movie theater complex and eight restaurants.
As Congress considers whether to begin discussions on carbon emissions, some business leaders and environmentalists have been debating the issue for two years through the Climate Action Partnership. At issue are proposals for dealing with climate change that could damage some industries while rewarding others that successfully reduce emissions. A major point of contention is what form a cap-and-trade approach to carbon allocations would take.
Houston-based Hines Interests is in a deal with The 614 Co. of Minneapolis to build a 1 million-square-foot office tower that could compete with Minneapolis' tallest buildings. The building could rise 50 to 60 stories, and there is speculation that Target Corp. could pick the building as a new home for 4,000 employees.
A new 800-room hotel and resort being planned by Zabeel Properties in Dubai will have design help from an unlikely source -- celebrity Brad Pitt. The company hired architecture firm Graft LLC to design the hotel, and since Graft has worked with Pitt on rebuilding efforts in New Orleans, the firm brought him aboard as a consultant for the American-themed project.
Construction spending in the U.S. unexpectedly rose by 0.1% in November, following a 0.4% October decline. Spending was forecast to drop 0.4% in November after an earlier report of a 0.8% decline in October, but work on schools, factories and power plants helped compensate for a residential construction decline.