The state fund hopes to break ground next fall on a 267,000-sf office project at 55 Ninth St. Hellmuth, Obata + Kassabaum Inc. (HOK), a local design firm, has designed an 11-story, glass-faced building, with an underground garage, which the state says will boost the area's revitalization efforts.

According to state officials, SCIF will not use bond measures or tax funds to build the project. Instead, it will use existing resources. According to the state, the $82 million project will feature green development touches, including solar panels, thermal storage and water reclamation systems.

The proposal is currently in the midst of an environmental review.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.