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Foster + Partners debuts Changfeng mixed-use development in Shanghai

Archinect

A new mixed-use design from Foster + Partners has been revealed for Shanghai’s Science and Technology Finance hub as part of the larger Shanghai 2035 master plan.

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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 195
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MIT’s Master of Real Estate Development Program Offers Scholarships for Students Interested in Sustainability, Finance & More

Archinect

The MIT Master of Science in Real Estate Development (MSRED) offers an unparalleled education in real estate practice. Students listen during presentation at developer office in downtown Boston, October 2022. This post is brought to you by MIT Center for Real Estate. Image courtesy of MIT CRE.

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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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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 239
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Dubai floats plan for new 400-gate airport terminal, the world's largest

Archinect

Image: Sheikh Mohammed bin Rashid Al Maktoum via X Sheikh Mohammed also said there is a plan for a one-million-person satellite city to be developed alongside the new terminal, joined by a logistics hub for international carriers. Finance reported the vision will be realized "within ten years."

Finances 271
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New York developer receives $92 million loan to complete project believed to be the largest speculative office building in Brooklyn's Midwood neighborhood

Archinect

A New York developer has scored a $92 million loan to finish a project which is billed as the largest speculative office building in Brooklyn’s Midwood neighborhood. The development is approximately 35 percent underway, with completion expected in October 2023.