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Saudi Arabia begins securing financing agreements for various NEOM developments

Archinect

The early stages of the $500bn planned city will be financed by money raised from local lenders, according to sources familiar with the matter who spoke to Bloomberg. Another $800 million was secured recently towards the development of Sindalah , which is set to be the project’s first portion to open next year.

Finances 193
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Penn Station redevelopment takes another step forward following financing approval

Archinect

A key state oversight body approved the financing plan to redevelop Penn Station and its surrounding neighborhood Wednesday, greenlighting one of Gov. Additionally, a part of the financing plan includes charging the developers of the 10 skyscrapers planned for the site a fee instead of collecting city real estate taxes.

Finances 238
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A proposal for the second-tallest building in North America sneaks forward in Oklahoma City

Archinect

Oklahoma City could soon be home to the country’s second-tallest structure if plans for a new 1,750-foot skyscraper designed by the California practice Architects Orange (AO) are approved along with a larger $1 billion entertainment district proposal from developer Scot Matteson. Image render courtesy AO. "We

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Full funding secured for US tallest skyscraper says developer

Deezen

Funding has been secured and construction may begin in September on the Legends Tower in Oklahoma City, which is planned to be the tallest in USA , says developer Scot Matteson. The entire project is financed, including the tower — if the tower gets approved." Developer Bert Belander was quoted calling the project "fanciful".

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Casablanca Finance City Tower becomes Morphosis’ first project in Africa

BD+C

The 25-story Casablanca Finance City Tower has become the first project to be completed in the newly-established Casablanca Finance City, a new business district being developed in Morocco's Anfa District.

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Austin Transit Partnership names UNStudio, HKS, and Gehl to lead city's public transit expansion

Archinect

UNStudio , HKS , and Gehl have been selected by the Austin Transit Partnership (ATP) to lead the architecture and urban design of Project Connect, a major expansion of the city’s public transit system. The voter-approved investment includes new light rail , expanded bus routes, a subway , and more services across Austin.

Cities 224
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New York City Football Club selects HOK to design $780 million new soccer stadium in Queens

Archinect

The first dedicated soccer stadium for New York City FC will be designed by HOK , the team announced this week as it previewed its plans for a new mixed-use district in Willets Point, Queens.

Cities 246