The University of South Florida has broken ground on Uptown Landing, a $500 million mixed-use scheme on its Tampa campus. Formerly known as the Fletcher District, the project will deliver 700 student beds, retail units, restaurants, a hotel, and the Translational Research Institute. Constructed as a public-private partnership, the initial 30-acre phase is scheduled for completion ahead of the autumn 2028 term.
Blackstone has acquired a majority stake in Sanha Logistics Park II, a 334,000 square metre dry storage development in South Korea's Seoul Metropolitan Area, through a primary share issuance. ESR will remain an investor and continue managing development and asset operations via ESR Kendall Square. Scheduled for completion in 2028, the strategic project along the Gyeongbu Expressway marks Blackstone's third logistics investment in the country.
Saudi Arabia's Public Investment Fund has established the Gulf Coast Development Company to build a major coastal scheme in Al-Khafji. Spanning 20 square kilometres with a 10-kilometre waterfront, the site will feature 16,000 homes, 1,400 hotel rooms and dedicated marinas. The initial phase will deliver three neighbourhoods by 2030 in partnership with private sector investors.
Meraas has awarded Parkway International Contracting a main construction contract valued at over AED 590 million for Phase 3 of City Walk Crestlane. The project will deliver 394 new apartments across four buildings in central Dubai. Groundwork and initial building works are currently underway on the site, with completion expected in the third quarter of 2028.
Arlington City Council has backed a major redevelopment scheme to turn 7.3 acres of central surface parking into a multi-purpose complex. Private firm Trammell Crow Company will construct at least 390 homes, commercial space and a 600-car garage, investing over $123 million. The municipality retains land ownership whilst acquiring a new Water Utilities office, infrastructure and 197 free public parking spaces under a 99-year lease agreement.
Work has officially started on a major AI-ready data centre at Oxagon in NEOM. HUMAIN and DataVolt have partnered to build an initial 100MW phase of a larger 360MW facility on Saudi Arabia's Red Sea coast. Expected to open in 2028, the site combines renewable power, advanced cooling and high-density computing clusters. The project marks the first step in DataVolt's wider plan for a 1.5GW campus.
