Wednesday, February 29, 2012
Tuesday, February 28, 2012
Bottom Dollar opening 8 New Jersey supermarkets
by Peter Van Allen
"Bottom Dollar Food said Tuesday it will open eight supermarkets in New Jersey through next year.
The expansion will create 300 jobs and more than double the number of stores the discount grocer has in the Garden State.
Stores in Trenton and Cinnaminson will open March 2, while a Bordentown location will open April 13.
The rest of the stores will open at dates to be announced later, with openings extending through next year.
“We have been pleased with customer reaction to our current five stores in New Jersey and we are very excited to continue serving customers at our additional locations in the market,” said Bottom Dollar Food President Meg Ham.
Here is the complete list of planned stores, including exact street addresses, where available:
• 2735 S. Broad St., Trenton (March 2);
• 1402 Route 130 North, Cinnaminson (March 2);
• Route 130 and Farnsworth Avenue, Bordentown (April 13);
• 422 S. Route 130, Edgewater Park;
• 156 W. Browning Road, Bellmawr;
• Broad Street, Woodbury;
• Route 38, Mount Holly
• Route 130 and Town Center Road, East Windsor.
Stores average 18,000 square feet. Bottom Dollar opened its first supermarket in the Philadelphia market in October 2010. At present, Bottom Dollar has five other South Jersey stores, in Marlton, Turnersville, Cherry Hill, Clementon and Glassboro.
Bottom Dollar Food, based in Salisbury, N.C., has 43 stores in three states: Pennsylvania, New Jersey and Ohio. It is owned by the Belgian supermarket company Delhaize Group."
http://www.omegare.com/
"Bottom Dollar Food said Tuesday it will open eight supermarkets in New Jersey through next year.
The expansion will create 300 jobs and more than double the number of stores the discount grocer has in the Garden State.
Stores in Trenton and Cinnaminson will open March 2, while a Bordentown location will open April 13.
The rest of the stores will open at dates to be announced later, with openings extending through next year.
“We have been pleased with customer reaction to our current five stores in New Jersey and we are very excited to continue serving customers at our additional locations in the market,” said Bottom Dollar Food President Meg Ham.
Here is the complete list of planned stores, including exact street addresses, where available:
• 2735 S. Broad St., Trenton (March 2);
• 1402 Route 130 North, Cinnaminson (March 2);
• Route 130 and Farnsworth Avenue, Bordentown (April 13);
• 422 S. Route 130, Edgewater Park;
• 156 W. Browning Road, Bellmawr;
• Broad Street, Woodbury;
• Route 38, Mount Holly
• Route 130 and Town Center Road, East Windsor.
Stores average 18,000 square feet. Bottom Dollar opened its first supermarket in the Philadelphia market in October 2010. At present, Bottom Dollar has five other South Jersey stores, in Marlton, Turnersville, Cherry Hill, Clementon and Glassboro.
Bottom Dollar Food, based in Salisbury, N.C., has 43 stores in three states: Pennsylvania, New Jersey and Ohio. It is owned by the Belgian supermarket company Delhaize Group."
http://www.omegare.com/
Monday, February 27, 2012
Philadelphia's Industrial Vacancy Decreases to 9.1%
"The Philadelphia Industrial market ended the fourth quarter 2011 with a vacancy rate of 9.1%.
The vacancy rate was down over the previous quarter, with net absorption totaling positive 2,586,424 square feet in the fourth quarter. Vacant sublease space decreased in the quarter, ending the quarter at 2,925,157 square feet.
Tenants moving into large blocks of space in 2011 include: Philadelphia Regional Produce Center moving into 667,000 square feet at Philadelphia Regional Produce Market, Bay Valley Foods moving into 602,500 square feet at Key Distribution Center, and Amazon moving into 483,200 square feet at 650 Boulder Dr.
Rental rates ended the fourth quarter at $4.47, an increase over the previous quarter.
A total of four buildings delivered to the market in the quarter totaling 131,060 square feet, with 986,061 square feet still under construction at the end of the quarter.
This trend is compared to the U.S. national industrial vacancy rate, which decreased to 9.9% from the previous quarter, with net absorption positive 32.3 million square feet in the fourth quarter."
http://omegare.com/Costar-4Q2011-Market-Report-Industrial.pdf
The vacancy rate was down over the previous quarter, with net absorption totaling positive 2,586,424 square feet in the fourth quarter. Vacant sublease space decreased in the quarter, ending the quarter at 2,925,157 square feet.
Tenants moving into large blocks of space in 2011 include: Philadelphia Regional Produce Center moving into 667,000 square feet at Philadelphia Regional Produce Market, Bay Valley Foods moving into 602,500 square feet at Key Distribution Center, and Amazon moving into 483,200 square feet at 650 Boulder Dr.
Rental rates ended the fourth quarter at $4.47, an increase over the previous quarter.
A total of four buildings delivered to the market in the quarter totaling 131,060 square feet, with 986,061 square feet still under construction at the end of the quarter.
This trend is compared to the U.S. national industrial vacancy rate, which decreased to 9.9% from the previous quarter, with net absorption positive 32.3 million square feet in the fourth quarter."
http://omegare.com/Costar-4Q2011-Market-Report-Industrial.pdf
Saturday, February 25, 2012
Tishman Building $160M Family courthouse in Philadelphia
"Tishman Construction Corporation (TCC) is managing the construction of the new, $160-million, 14-story, 510,000-square foot Philadelphia Family Courthouse for the Pennsylvania Department of General Services (DGS) at the northwest corner of 15th and Arch streets.
With excavation almost complete and foundations having begun, the building is planned to be completed by the Spring of 2014.
The new courthouse will unite the Domestic Relations and Juvenile Division facilities of the Philadelphia Family Court, currently located in two separate buildings, and will include 14 occupied floors above grade, three subterranean parking levels for 265 cars (including judges' parking) owned and operated by the Philadelphia Parking Authority, and one partial mechanical penthouse level.
The Family Courthouse project is the largest construction project in Philadelphia since the Pennsylvania Convention Center expansion and the renovation of the former 30th Street Post Office for the IRS.
Tishman successfully delivered the convention center three months early as part of a joint venture.
The courthouse building, designed by EwingCole, is pursuing LEED Silver certification.
Floors seven through 12 will house various court support office functions, and floors 13 and 14 are reserved for the Judges' Chambers and Court Administration. Throughout all floors of the building, separate vertical and horizontal circulation paths will be created for the public, judges and courts staff as well as prisoners."
With excavation almost complete and foundations having begun, the building is planned to be completed by the Spring of 2014.
The new courthouse will unite the Domestic Relations and Juvenile Division facilities of the Philadelphia Family Court, currently located in two separate buildings, and will include 14 occupied floors above grade, three subterranean parking levels for 265 cars (including judges' parking) owned and operated by the Philadelphia Parking Authority, and one partial mechanical penthouse level.
The Family Courthouse project is the largest construction project in Philadelphia since the Pennsylvania Convention Center expansion and the renovation of the former 30th Street Post Office for the IRS.
Tishman successfully delivered the convention center three months early as part of a joint venture.
The courthouse building, designed by EwingCole, is pursuing LEED Silver certification.
Floors seven through 12 will house various court support office functions, and floors 13 and 14 are reserved for the Judges' Chambers and Court Administration. Throughout all floors of the building, separate vertical and horizontal circulation paths will be created for the public, judges and courts staff as well as prisoners."
$48M Project Near Temple Lands $5M Allocation
"The $48 million Paseo Verde, a mixed-use transit-oriented project in the Ludlow district, is poised to start construction, thanks to a $5 million allocation of New Markets Tax Credits by Building America CDE Inc., a wholly owned subsidiary of the AFL-CIO Housing Investment Trust.
The developers are Jonathan Rose Cos., which specializes in "green" urban affordable housing, and Asociacion Puertorriquenos en Marcha (APM), a local community developer on a mission to reunite Ludlow with nearby Temple University and its surrounding neighborhoods. Paseo Verde is envisioned as a 1.9-acre cornerstone of Ludlow's public-private revitalization. Being designed for LEED Gold certification, the build-out will include a healthcare facility, social services, 30,000 square feet of commercial and retail space and 120 units of affordable and workforce housing.
The development site has been vacant for decades and is adjacent to the Temple University Regional Rail train station. Paseo Verde is expected to generate 150 construction jobs and create 42 permanent jobs in addition to supporting the retention of another 39 jobs in the local economy.
In the past 15 years, the AFL-CIO trust has provided more than $55 million for projects in Philadelphia, representing $82 million of development activity and resulting in 650 housing units and 500 construction jobs."
http://www.omegare.com/
The developers are Jonathan Rose Cos., which specializes in "green" urban affordable housing, and Asociacion Puertorriquenos en Marcha (APM), a local community developer on a mission to reunite Ludlow with nearby Temple University and its surrounding neighborhoods. Paseo Verde is envisioned as a 1.9-acre cornerstone of Ludlow's public-private revitalization. Being designed for LEED Gold certification, the build-out will include a healthcare facility, social services, 30,000 square feet of commercial and retail space and 120 units of affordable and workforce housing.
The development site has been vacant for decades and is adjacent to the Temple University Regional Rail train station. Paseo Verde is expected to generate 150 construction jobs and create 42 permanent jobs in addition to supporting the retention of another 39 jobs in the local economy.
In the past 15 years, the AFL-CIO trust has provided more than $55 million for projects in Philadelphia, representing $82 million of development activity and resulting in 650 housing units and 500 construction jobs."
http://www.omegare.com/
Steel ORCA is developing a 700,000-square-foot Data Center
"Steel ORCA is developing a two-story, 700,000-square-foot data center facility on a site that resides within a 4,000-acre gated campus in Fairless Hills, PA. The mission critical facility will comprise more than 300,000 square feet of white space and is capable of providing power output up to 100 megawatts. The initial phase of development is scheduled to be completed in early 2013.
The Digital Utility Center was designed with redundant capacity and a state-of-the-art security system. Fiber is available in diverse paths on an MPLS network. The standard offering supports power and cooling of 130 watts to 200 watts per square foot, with additional capacities available. It also offers flexibility and scalability in physical configuration, electrical systems, HVAC systems and all associated supporting systems, including monitoring and controls.
Steel ORCA is "developing next-generation data centers with services that go far beyond those of a traditional mission critical facility," said Awad, adding that the center will be located within a Keystone Opportunity Zone - a tax abatement program that aims to serve as an economic development incentive."
http://www.omegare.com/
The Digital Utility Center was designed with redundant capacity and a state-of-the-art security system. Fiber is available in diverse paths on an MPLS network. The standard offering supports power and cooling of 130 watts to 200 watts per square foot, with additional capacities available. It also offers flexibility and scalability in physical configuration, electrical systems, HVAC systems and all associated supporting systems, including monitoring and controls.
Steel ORCA is "developing next-generation data centers with services that go far beyond those of a traditional mission critical facility," said Awad, adding that the center will be located within a Keystone Opportunity Zone - a tax abatement program that aims to serve as an economic development incentive."
http://www.omegare.com/
Save-A-Lot Opening Six New PA Stores in Q1 2012
"Save-A-Lot, the discount, limited-assortment grocery chain owned by SUPERVALU Inc. is opening four new stores in Pennsylvania in February and March, bringing the total number of Save-A-Lot stores in the state to 76.
The locations of the new stores, which average about 15,000 - 16,000 square feet, are scheduled to open as follows:
· 111 West 13th St., Tyrone (opened on Feb. 15)
· 19040 Park Ave., Meadville (opened on Feb. 22)
· 2209 West 12th, Erie (scheduled to open March 21)
· 1500 Main St., Peckville (scheduled to open in late March)
Save-A-Lot also opened two stores in Pennsylvania in January:
· 1500 Garrett Rd., Upper Darby (opened Jan. 25)
· 1700 East River Road, Clearfield (opened Jan. 30)
Since January 2011 and including these new stores, Save-A-Lot has added 11 new stores in Pennsylvania,
Each Save-A-Lot store carries an assortment of 1,200 to 1,500 of the most popular, in-demand every day grocery essentials."
http://www.omegare.com/
The locations of the new stores, which average about 15,000 - 16,000 square feet, are scheduled to open as follows:
· 111 West 13th St., Tyrone (opened on Feb. 15)
· 19040 Park Ave., Meadville (opened on Feb. 22)
· 2209 West 12th, Erie (scheduled to open March 21)
· 1500 Main St., Peckville (scheduled to open in late March)
Save-A-Lot also opened two stores in Pennsylvania in January:
· 1500 Garrett Rd., Upper Darby (opened Jan. 25)
· 1700 East River Road, Clearfield (opened Jan. 30)
Since January 2011 and including these new stores, Save-A-Lot has added 11 new stores in Pennsylvania,
Each Save-A-Lot store carries an assortment of 1,200 to 1,500 of the most popular, in-demand every day grocery essentials."
http://www.omegare.com/
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