Construction has begun on the $1.2 billion redevelopment of the former Lakeforest Mall in Gaithersburg, Maryland. Led by WRS Inc., the project will transform the 102-acre site into a walkable mixed-use community. The development includes 1,450 new homes, significant retail space and 35 acres of parkland. This major urban renewal project aims to generate $1.7 billion in annual economic output upon its completion.
The Impact&Places Partnership has made its first acquisition by securing the Ferrous site in Manchester. This £860 million joint venture between Homes England, Capital&Centric and Swiss Life Asset Managers aims to build 2,250 homes nationwide. The Manchester project will deliver 107 rental apartments on former industrial land. Supported by the National Housing Bank, the scheme focuses on accelerating residential-led regeneration in areas with high housing demand.
South Korea's KIND has signed a strategic partnership with Indonesia's new $900 billion sovereign wealth fund, Danantara. The agreement covers comprehensive cooperation in transportation, renewable energy and urban development. Beyond domestic projects like Jakarta data centres, the two nations plan to pursue joint infrastructure opportunities in ASEAN markets and Saudi Arabia, leveraging Korean technological expertise and Indonesian capital.
The Ha Noi Municipal People’s Council has passed a landmark master plan with a 100-year vision. This strategy aims to turn the capital into a high-standard global city by 2065. The plan focuses on massive economic growth, sustainable urban models and major infrastructure projects. It sets a target for the city to become one of the most livable capitals in the world through innovation and ecological development.
Developers have confirmed the signing of leases for the last two commercial plots at the Bay Meadows site in San Mateo. This announcement marks the final stages of a massive 20-year project. Once a horse racing track, the area has been overhauled into a modern community featuring housing, commercial offices and public green spaces. The site now encourages walking and public transport use for commuters.
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