Latest news with #Fitwel
Globe and Mail
4 hours ago
- Business
- Globe and Mail
BXP Launches Vertical Construction of 343 Madison Avenue in Midtown Manhattan
BXP (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today the commencement of full vertical construction of 343 Madison Avenue, a 930,000 square foot premier workplace with direct access to Grand Central's Madison Concourse between 44 th and 45 th Street. Designed by Kohn Pedersen Fox, the 46-story tower will offer a hospitality-forward amenity program and market leading sustainability features. A dramatic double-height, client-exclusive club on the top floors will include spaces to dine, connect, and collaborate indoors and out, with striking terraces and expansive views overlooking Midtown. A robust food and beverage program including a lobby café and bicycle storage with cabanas and showers round out the amenity program. 'We are thrilled to move forward with vertical construction of 343 Madison,' said Owen Thomas, Chairman & CEO, BXP. 'At the best positioned office development site in New York, BXP will deliver a premier workplace that represents a strong and significant value creation opportunity for BXP's shareholders as well as a core long-term asset within our portfolio.' BXP has executed a letter of intent with a prestigious, investment grade financial institution to anchor 343 Madison Avenue and occupy 30% of the building, in the lower-middle section of the tower. This commitment marks another major milestone in the project's momentum, positioning 343 Madison as the unrivaled opportunity for premier businesses in the heart of Midtown. 'The unprecedented level of client interest and the strong commitment of our anchor client underscore 343 Madison's position as New York's next iconic address,' said Hilary Spann, Executive Vice President, NY Region, BXP. 'This project represents an unparalleled opportunity for premier companies to establish a world-class workplace in the heart of Midtown Manhattan. The demand for luxurious, sustainable, and thoughtfully designed workplaces is driving the next generation of development at BXP in New York and beyond.' The building will offer 40 premier workplace floors, ranging from 27,500 square feet in the podium to 21,500 square feet in the high-rise. Specialty floors including private terraces and elevated ceiling heights allow clients to design a multi-functional workplace that accommodates a variety of work styles and space needs. Sustainability is a key pillar of the property, with the building designed to be fully electric with zero on-site combustion and a high efficiency direct outside air system. Climate resiliency, decarbonization, and health & wellness are at the core of the building design. Target certifications include LEED Platinum, Well Core, Energy Star 85+, Fitwel, and WiredScore Platinum. About BXP BXP, Inc. (NYSE: BXP) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets - Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years. BXP is a fully integrated real estate company, organized as a real estate investment trust (REIT). As of June 30, 2025, BXP's portfolio, including properties owned by unconsolidated joint ventures, totaled 53.7 million square feet and 186 properties, with ten properties under construction or redevelopment. For more information, visit or follow us on LinkedIn or Instagram. This press release contains forward-looking statements within the meaning of the Federal securities laws. You can identify these statements by our use of the words 'future,' 'will,' 'would,' 'expects,' 'intends' and similar expressions that do not relate to historical matters. You should exercise caution in interpreting and relying on forward-looking statements because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond BXP's control. Should one or more of these known or unknown risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may differ materially from those expressed or implied by the forward-looking statements. These factors include, without limitation, BXP's ability to complete the development project within budget, on schedule or at all, the uncertainties of real estate development activity, BXP's ability to enter into a definitive lease agreement with the firm referenced above, BXP's ability to enter into other leases on favorable terms, on schedule, or at all, BXP's ability to obtain satisfactory certifications for the project, including LEED Platinum certification, and other risks and uncertainties detailed from time to time in BXP's filings with the SEC. BXP does not undertake a duty to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Business Wire
5 hours ago
- Business
- Business Wire
BXP Launches Vertical Construction of 343 Madison Avenue in Midtown Manhattan
NEW YORK--(BUSINESS WIRE)--BXP (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today the commencement of full vertical construction of 343 Madison Avenue, a 930,000 square foot premier workplace with direct access to Grand Central's Madison Concourse between 44 th and 45 th Street. Designed by Kohn Pedersen Fox, the 46-story tower will offer a hospitality-forward amenity program and market leading sustainability features. A dramatic double-height, client-exclusive club on the top floors will include spaces to dine, connect, and collaborate indoors and out, with striking terraces and expansive views overlooking Midtown. A robust food and beverage program including a lobby café and bicycle storage with cabanas and showers round out the amenity program. 'We are thrilled to move forward with vertical construction of 343 Madison,' said Owen Thomas, Chairman & CEO, BXP. 'At the best positioned office development site in New York, BXP will deliver a premier workplace that represents a strong and significant value creation opportunity for BXP's shareholders as well as a core long-term asset within our portfolio.' BXP has executed a letter of intent with a prestigious, investment grade financial institution to anchor 343 Madison Avenue and occupy 30% of the building, in the lower-middle section of the tower. This commitment marks another major milestone in the project's momentum, positioning 343 Madison as the unrivaled opportunity for premier businesses in the heart of Midtown. 'The unprecedented level of client interest and the strong commitment of our anchor client underscore 343 Madison's position as New York's next iconic address,' said Hilary Spann, Executive Vice President, NY Region, BXP. 'This project represents an unparalleled opportunity for premier companies to establish a world-class workplace in the heart of Midtown Manhattan. The demand for luxurious, sustainable, and thoughtfully designed workplaces is driving the next generation of development at BXP in New York and beyond.' The building will offer 40 premier workplace floors, ranging from 27,500 square feet in the podium to 21,500 square feet in the high-rise. Specialty floors including private terraces and elevated ceiling heights allow clients to design a multi-functional workplace that accommodates a variety of work styles and space needs. Sustainability is a key pillar of the property, with the building designed to be fully electric with zero on-site combustion and a high efficiency direct outside air system. Climate resiliency, decarbonization, and health & wellness are at the core of the building design. Target certifications include LEED Platinum, Well Core, Energy Star 85+, Fitwel, and WiredScore Platinum. About BXP BXP, Inc. (NYSE: BXP) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets - Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years. BXP is a fully integrated real estate company, organized as a real estate investment trust (REIT). As of June 30, 2025, BXP's portfolio, including properties owned by unconsolidated joint ventures, totaled 53.7 million square feet and 186 properties, with ten properties under construction or redevelopment. For more information, visit or follow us on LinkedIn or Instagram. This press release contains forward-looking statements within the meaning of the Federal securities laws. You can identify these statements by our use of the words 'future,' 'will,' 'would,' 'expects,' 'intends' and similar expressions that do not relate to historical matters. You should exercise caution in interpreting and relying on forward-looking statements because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond BXP's control. Should one or more of these known or unknown risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may differ materially from those expressed or implied by the forward-looking statements. These factors include, without limitation, BXP's ability to complete the development project within budget, on schedule or at all, the uncertainties of real estate development activity, BXP's ability to enter into a definitive lease agreement with the firm referenced above, BXP's ability to enter into other leases on favorable terms, on schedule, or at all, BXP's ability to obtain satisfactory certifications for the project, including LEED Platinum certification, and other risks and uncertainties detailed from time to time in BXP's filings with the SEC. BXP does not undertake a duty to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Scotsman
21-07-2025
- Business
- Scotsman
Edinburgh's number one rental community welcomes first residents as build completes
Moda and Apache Capital's The McEwan development completes with 139 new homes and amenities at the city's top rated rental neighbourhood Sign up to our daily newsletter Sign up Thank you for signing up! Did you know with a Digital Subscription to Edinburgh News, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Moda, The McEwan, the 476-home rental neighbourhood in Edinburgh's historic Fountainbridge district has marked the completion of its final phase. Located on the site of the former McEwan's Brewery, Moda, The McEwan is rated the number one BTR neighbourhood in the city on BTR review site Homeviews, with 139 new homes opening the doors to their new residents. Advertisement Hide Ad Advertisement Hide Ad Spanning 140,000 sq ft, the completed development offers 15,000 sq ft of best-in-class amenities, including a 24/7 gym and fitness centre, private dining room, co-working spaces, cinema room, and rooftop terraces with sweeping views of Edinburgh Castle – all included as part of the monthly rent. Moda, The McEwan's new resident lounge Additionally, all Moda residents benefit from access to the MyModa app from day one, allowing them to connect with neighbours, message the concierge, and book exclusive events and services from a tap on their phone. Located in the heart of the capital, The McEwan is conveniently located within walking distance of Haymarket station, the city centre and several major universities, offering excellent connectivity for residents studying or working in Edinburgh. The development was also the first building in Europe to achieve the highest, 3-star Fitwel rating, demonstrating Moda's commitment to maximising the health and wellbeing of its residents and the wider Edinburgh community. The neighbourhood was the first development in Scotland to be brought forward by Moda and its funding partner Apache Capital with its investors Harrison Street and NFU Mutual. Robertson Construction Central East has completed the final phase of the remaining 139 high-quality rental homes. These add to the existing mix of studios, one-, two- and three-bedroom apartments, ideal for a mixed demographic who make renting their tenure of choice. Advertisement Hide Ad Advertisement Hide Ad Delivery of the neighbourhood's second phase generated £32.8m of social, local and economic value, with almost £17m spend with SMEs and £18m spent with a local supply chain. The build generated 419 weeks of on-site apprenticeship training, with 244 local people employed on the site. Robertson also achieved the highest possible Considerate Constructors Scheme score while on site, with a 45/45. Brand new apartment in Moda, The McEwan Both phases of the neighbourhood were funded by Apache Capital with its investors Harrison Street and NFU Mutual. Delivered in partnership with Robertson, the neighbourhood is a key part of the wider regeneration of Fountainbridge, set to revitalise a historic part of Edinburgh with new homes, public spaces, and opportunities for the local community. With practical completion now achieved, the new homes already have their first residents in situ. Advertisement Hide Ad Advertisement Hide Ad Tony Brooks, Executive Chairman at Moda Living said: 'Reaching practical completion at Moda, The McEwan is a landmark moment, and we're grateful to Robertson, Apache Capital and its investment partners and other stakeholders for helping to deliver the second phase of this fantastic neighbourhood. The new Moda, The McEwan luxury apartment. 'We're proud to be playing a role in the regeneration of Fountainbridge and to be welcoming residents into this already dynamic community, designed with health, wellbeing and community in mind, that makes it more than an apartment but a home.' Jamie Snary, Executive Director Asset Management and Operations at Apache Capital said: 'The McEwan is another exemplar BTR asset forming part of our prime regional portfolio, bringing another 139 homes into operation adding to the 6,000 units which are either operational or in the development pipeline. Alongside welcoming our new residents we have also secured the first commercial occupiers including a convenience-led retailer which will be opening imminently.' Elliot Robertson, Chief Executive Officer, Robertson Group, said: 'Working closely with Moda, we've brought new life to a once underused part of the city to create a thriving neighbourhood that has become a welcome addition to Edinburgh. This project gave us the opportunity to demonstrate our expertise in operating safely in complex, busy environments while not compromising the quality standards that Robertson is known for. Advertisement Hide Ad Advertisement Hide Ad 'A real focus of our approach was to ensure that we provided long-lasting benefits for the local economy and community throughout construction. It's fantastic that we achieved this by supporting local suppliers, creating jobs, and offering apprenticeships that will help build skills for the future.'
Time Out Abu Dhabi
10-07-2025
- Business
- Time Out Abu Dhabi
These are the five factors fuelling the Abu Dhabi property boom
Abu Dhabi's real estate market is having a moment – and we're not talking about a quiet uptick. Residential prices have jumped as much as 35 percent in the first half of 2025 and the capital's transformation is no longer just about blueprints and buzzwords. It's here, it's happening, and it's attracting serious attention. But why now, you may wonder? Well, real estate agency Oia Properties has identified five factors influencing the property market boom in Abu Dhabi – from next-gen transport to world-class lifestyle developments. Here's what's behind the impressive growth… 1. Disney is coming – and it's a game-changer Yes, you read that right. Disney Abu Dhabi is officially on the way, and it's set to supercharge the capital's status as a top-tier family destination. Expect ripple effects across the property market, as demand for second homes, holiday rentals and family-focused communities continues to soar. Think parks, waterfronts and villas just minutes from the magic. 2. Flying taxis are (almost) here By 2026, electric air taxis are set to start buzzing between Abu Dhabi and Dubai in just 20 minutes. That's a commute revolution and a catalyst for new residential corridors. These flying taxis could redefine where people choose to live, work and invest – bringing currently overlooked neighbourhoods into the spotlight. 3. Etihad Rail is on track to transform everything The upcoming Etihad Rail network will seamlessly connect Abu Dhabi with other major UAE cities, drastically improving access to outer communities. Developments that were once seen as 'a bit far out' are suddenly looking like prime real estate. Expect outer suburbs and lifestyle islands to see increased investor interest and rising values. 4. Branded residences are hotter than ever Ultra-luxury is in. Iconic names like Waldorf-Astoria, Brabus and The W are rolling out branded residences in the capital, bringing hotel-level living to private homes. This trend reflects Abu Dhabi's growing global appeal to ultra-high-net-worth individuals, many of whom are now choosing the capital as their second (or third) home. 5. Green, wellness-driven living is in demand Sustainability is no longer a nice-to-have – it's a must. Eco-conscious communities are outpacing traditional builds, with wellness and ESG credentials driving buyer decisions. Take Al Fahid Island, now the first island globally to be Fitwel certified and LEED pre-certified – a perfect example of how the capital is blending luxury with purpose. By the numbers: Property prices up 10-35 percent YoY Off-plan and ready sales are booming in areas like Saadiyat, Yas, Al Reem and Al Hudayriyat Rental yields remain strong thanks to job growth and a rising population Whether you're an investor or just love watching a city reinvent itself, one thing's clear: Abu Dhabi is not waiting for the future – it's building it. Summer in Abu Dhabi The 27 best things to do indoors this summer in Abu Dhabi It's time for some air-conditioned bliss The best things to do this weekend in Abu Dhabi Your full weekend itinerary 25 brilliant beach and pool day passes in Abu Dhabi Grab your SPF – a lush day by the water awaits
Scotsman
26-06-2025
- Business
- Scotsman
Moda, The McEwan to welcome visitors to free Open House event
Moda, The McEwan is opening its doors for one day only on 26 June to give visitors a taste of what it's like to live with the UK's Number one rental living operator. Free tickets to attend the event can be booked via this form. Community is a key component at Moda, The McEwan. Data from reviews website Homeviews found that in 2024, 94% of residents at The McEwan said they felt like part of a community living in the neighbourhood, and that they would recommend living with Moda to friends and family, while 100% of residents score The McEwan 5/5 stars for customer service, management and living experience. Located in the heart of Edinburgh's historic Fountainbridge district, Moda, The McEwan is ranked the number one BTR neighbourhood in Edinburgh on leading rental living ratings website Homeviews. Including the 139 brand new homes about to launch for the first time, the neighbourhood features a total 476 interior-designed studios, one, two, and three-bedroom apartments set across three buildings ranging from five to seven storeys. Residents benefit from state-of-the-art amenities, including a 24-hour gym, cinema room, concierge, parking, co-working spaces, and access to private dining areas. Additionally, residents will be able to enjoy the roof terrace with views across the city this summer. The McEwan is situated in a prime location, just a short walk from Haymarket Station and Fountains Park Leisure Centre. The homes are also within half an hour of the University of Edinburgh, making it ideal for students, professionals, and families, as well as their furry friends – Moda, The McEwan is pet-friendly at no extra cost. Moda has been recognised nationally several times as the UK's leading build-to-rent operator, blazing a trail for standards in rental living across the country. This year, Moda was awarded Large BTR Operator of the Year at the 2025 HomeViews Resident Choice Awards, and BTR Developer of the Year at the 2025 Property Week Resi Awards, recognising the success of Moda's ESG strategy, Next Generation Futures, which places health, wellbeing, and sustainability at the heart of every development. Wellness and lifestyle are at the heart of living at Moda, The McEwan, with 74% of residents saying the strong wellness focus and provision was 'crucial' in their decision to live with Moda. The building is three-star Fitwel accredited, with Moda being the first residential brand to achieve Fitwel Champion status globally. This means health and wellbeing isn't just part of the service offering to the community, but also considered and built into the buildings and spaces themselves. Residents also have access to Moda's year-round wellbeing programme included in their rent. This includes: Regular included fitness, yoga and Pilates classes Regular wellbeing workshops and activations On-demand, subsidised virtual wellbeing service with MYNDUP Twice yearly health checks Regular community challenges to take part in during class, or their own time virtually Additional on-demand services available to residents including wellbeing coaches, nutritionists, personal trainers and more Leanne Reid, General Manager at Moda, The McEwan, said: 'We're really excited to welcome visitors to The McEwan and showcase what sets living in a Moda neighbourhood apart. From exceptional design and amenities to our signature focus on service and experience, this is a unique opportunity to experience our next-generation approach to renting.' All Moda residents benefit from access to the MyModa app from day one, allowing them to connect with neighbours, message the concierge, and book exclusive events and services from a tap on their phone. The Open House event will take place at Moda, The McEwan on June 26 from 12pm – 8pm. All bookings made within 48 hours of the event will receive a full month's rent for free*. Bookings for the event can be made using this form. The team looks forward to welcoming everyone to Moda, The McEwan and giving the community a free taste of what it's like to live the Moda Life. Related topics: ResidentsEdinburghPeopleData
