The architecture practice Snøhetta has revealed designs for Sweetbird North, an 8-story mixed-use development in the Miami Design District. The 120,000 square foot project for Raycliff Capital features workspace, retail units and a hurricane-resistant stainless steel mesh façade. The scheme marks a structural shift toward greater density in the area, incorporating integrated vertical gardens and outdoor office terraces.
Saudi Downtown Company has signed a major agreement with national firm Ansab Company. The deal covers the comprehensive design and construction of critical infrastructure works for the Downtown Al Khobar project. The contract will focus on developing roads, implementation networks and street lighting to build an integrated urban environment that supports long term economic growth in the region.
Greystar has finalised a deal for the University Drive student housing project at Pennsylvania State University. Developed alongside JLC Infrastructure, the scheme will deliver 1,505 beds across 703 units in four podium-style buildings. This project is the second student housing asset for the Greystar infrastructure platform and marks the first public-private partnership housing venture for the university.
Philippine property giant Megaworld has raised P5.6 billion from block sales of MREIT shares to fund its township development pipeline. The capital will back the next generation of recurring income assets ahead of a major fifth asset infusion. This incoming "Wave 5" expansion will add 303,500 square meters of gross leasable area, diversifying the real estate investment trust beyond offices into retail and hotels.
Manchester United has announced the location for its proposed 100,000-seater stadium, situated 350 metres from Old Trafford. The venue forms the centrepiece of the Trafford Wharfside masterplan, a 150-hectare regeneration project backed by Trafford Council and regional authorities. The project aims to create 48,000 jobs and 15,000 homes, delivering a projected £7.3 billion annual boost to the UK economy.
Rotana has signed a deal with Zawaya Properties Company to debut its branded residences segment in Saudi Arabia. Located in Makkah, the project will deliver 240 serviced hotel apartments within the SAR 26 billion Thakher development. The project targets growing demand from pilgrims and long-stay corporate travelers under the Saudi Vision 2030 tourism expansion strategy.
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