Latest news with #highrise
Bloomberg
4 days ago
- Business
- Bloomberg
India's Top Developer Newest $1.3 Billion Luxury Project Sells Out in One Week
Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. India's biggest real estate developer sold luxury residences worth about 110 billion rupees ($1.3 billion) at a new highrise project near capital New Delhi, as demand for lavish homes shows no sign of abating.
Yahoo
4 days ago
- Business
- Yahoo
Downtown's latest high-rise just staged a groundbreaking. But what's going on across the street?
Downtown Milwaukee's latest apartment high-rise just staged its groundbreaking ceremony − but the bigger question is: what's happening with a separate site just across the street? a 31-story, 378-unit tower, is being developed by Madison-based Neutral at 1005 N. Edison St., overlooking the Milwaukee River. Neutral also has conceptual plans to develop high-rises with apartments, hotel rooms, offices and other uses at the Marcus Performing Arts Center parking garage, 1001 N. Water St. − just east of The Edison. Mayor Cavalier Johnson's Department of City Development in July proposed a one-year exclusive right to negotiate a sale of the city-owned Marcus site to Neutral. That would give the firm time to refine its plans, including financing. But that negotiation right has yet to be reviewed by the Common Council − which also would review a proposed site sale. Alderman Robert Bauman, whose district includes downtown, is skeptical about Neutral's plans. The Marcus site proposal was on people's minds at June 16 groundbreaking ceremony. Neutral CEO Nate Helbach said the Edison would be North America's tallest mass timber high-rise. That environmentally sustainable construction technique uses layers of wood pressed together to create columns, beams and other building frame components. Helbach told ceremony attendees that maybe Neutral will win the distinction of building the world's tallest mass timber building "with the project across the street." Helbach and Daniel Glaessl, Neutral partner and chief product officer, both praised Department of City Development staff. "Love to work with you guys," Glaessl said. "I hope we can work together for many years to come." Bauman praised Neutral, saying plans for The Edison grew several times from when the proposal's first version was introduced in 2021. But Bauman said after the ceremony his concerns remain about Neutral's Marcus site plans. They include the fact the city's request for proposals drew just three responses, and questions about the feasibility of Neutral's plans as two east side apartment tower plans remain on hold. Another concern, Bauman said, is Neutral's plan to do the project in phases. He said that could result in a relatively small project component built while the rest of the 2.5-acre site remains undeveloped for years. Development Commissioner Lafayette Crump has said the department would use the proposed year-long negotiation period to conduct a more extensive feasibility study. Helbach told the Milwaukee Journal Sentinel he's continues to have talks with city staff about the Marcus site. He said he's had minimal conversations with Bauman because of his focus on the Edison − but plans to reengage with him soon. Helbach also hopes The Edison's construction will "build some assurances" about Neutral's ability to do the larger Marcus site development. Meanwhile, Bauman wants the Department of City Development issues a new request for proposals for the Marcus site. Asked what Helbach could say to make his case for Neutral's plans, Bauman replied, "I don't know. But I'm all ears." The $133 million Edison's first apartments are to completed by spring 2027, with the remaining units finished by summer 2027. Tom Daykin can be emailed at tdaykin@ and followed on Instagram, Bluesky, X and article originally appeared on Milwaukee Journal Sentinel: A downtown high-rise breaks ground. Next door project plan is in limbo Sign in to access your portfolio
Khaleej Times
13-06-2025
- General
- Khaleej Times
Dubai: Fire breaks out at high-rise building in Marina, eyewitnesses say
A fire broke out from the upper floor of a high-rise residential and commercial tower in Dubai Marina on Friday night, eyewitnesses confirmed to Khaleej Times. 'The fire happened past 9.30pm,' said a resident of Marina Pinnacle that caught fire. 'I woke up from my sleep after smelling pungent smoke coming into my room. I heard my housemates calling me and we hurriedly went down the building in our pajamas,' added the resident who lives on the 49th floor. 'When we went down, we saw thick smoke coming from the upper level, possibly around the 60th or more floor,' she added. Several fire trucks and ambulances were immediately deployed to the area. Firefighters were still putting out the blaze at 77-storey building almost one hour after it started, another resident added.
New York Times
13-06-2025
- New York Times
These Robots Do Windows
Good morning. It's Friday. Today we'll find out about a robot that washes windows. We'll also get details on the mistrial on the final charge against Harvey Weinstein. The window-washing scaffold slid down the side of an office building the way window-washing scaffolds do. It stopped at the 23rd floor, and the two window washers onboard went to work. Someone on the sidewalk below, looking up, might have thought they were guys in white hazmat suits. They were not. They were robots. Their long mechanical arms swept back and forth, scrubbing the glass with brushes that dispensed just enough water to clean away the grime without dripping on the floors below. The system, known as Ozmo, is safer and faster than human window cleaners — more than 60 percent faster, according to Ross Blum, the president and chief operating officer of the company that markets it. 'Repetitive tasks that are dangerous and dirty are rife for automation,' he said, adding that he had 'a deep appreciation' for window washers and what they do. 'It is a tough job,' he said. 'It is a thankless job. It is manual labor at high elevations with variable weather conditions.' Want all of The Times? Subscribe.
CBS News
12-06-2025
- Business
- CBS News
Several groups oppose converting Gillian's Wonderland Pier into new Ocean City, New Jersey, hotel
As more families start heading to the Jersey Shore, the opposition to a high-rise resort planned for Ocean City's boardwalk appears to be growing. "We're seeing people realize they're not alone in their reservations about the hotel," said Sne Avichal, who lives in Ocean City year-round. Avichal is part of the group Ocean City 2050, which is one of several groups fighting against converting the old Gillian's Wonderland Pier into a 250-room hotel. Avichal has been handing out flyers and buttons, which call the developer's plan a big mistake. The groups also launched a website: "He's asking for a change in the zoning to allow that to happen, and everyone else on the boardwalk could ask the city for the same zoning relief. So, it wouldn't just be one hotel, it would be a lot," Avichal said. According to the city, the space on the boardwalk is not currently zoned for a hotel. Developer Eustace Mita plans to ask City Council to declare the site an area in need of redevelopment to allow the project, called Icona at Wonderland. Bill Merritt, president of the group Friends of Ocean City History and Culture, says thousands of people oppose the idea because it threatens the historic character, zoning integrity and family-friendly culture that define Ocean City. "The height is a huge issue, the loss of entertainment is a huge issue. I think there is a place of compromise that would work for everybody," Merritt said. Mita fired back and said he lowered the building from his original plans. "The Flanders hotel right now is nine stories, the Port-O-Call is nine stories, both of those hotels are on the boardwalk. We will in fact be seven stories with a cupola," Mita said. Mita added he's held community meetings and has received a lot of support, including the Boardwalk Merchants Association, Asbury Avenue retail merchants and the Chamber of Commerce. Mita said he plans to formally present his plan to City Council in August. "We'll hear some people with a yay and we'll hear some people with a nay, and we just believe there is going to be more yays than nays," Mita said. The groups opposing the project have scheduled a community meeting on June 21 at 10 a.m. at the public library to discuss possible alternatives.
