10 Largest Office Projects Expected to Deliver in 2016
From all sides of the country, these new complexes give a whole new meaning to the term "office space." With the help of our pals at Reis, Bisnow put together this list of the 10 biggest office complexes set to open for business in 2016.
Location: San Jose
SF: 2.8M
Ground Broken: June 2014
Expected Completion: December 2016
No, it's not a mothership (not exactly, at least), it's Apple's new Silicon Valley HQ. The disc-shaped complex may look like a UFO landing pad, but lush forests in and around the building will give Apple employees a more earthly workplace.
Location: NYC
SF: 1.7M
Ground Broken: December 2012
Expected Completion: January 2016
The largest mixed-use project in US history will unveil its first office tower in early 2016. The developer, Related Properties, just scored a $5B financing deal, and high-brow tenants like Time Warner, Wells Fargo and KKR.
Location: Dallas
SF: 1.5M
Ground Broken: October 2013
Expected Completion: June 2016
Like a good neighbor...State Farm is there—in the Big D—installing 1.5M SF of office space. The campus will be part of KDC's CityLine complex that includes a 150-room hotel and a 17k SF wellness and fitness facility.
Location: Chicago
SF: 1.2M
Ground Broken: December 2014
Expected Completion: October 2016
This 53-story, 732-foot-tall office skyscraper from Goettsch Partners uses the largest steel sections in the world—strong enough to hold up even in the Windy City.
Location: Houston
SF: 1.1M
Ground Broken: November 2013
Expected Completion: June 2016
When the two-tower complex opens in mid-2016, Phillips 66 will have its first permanent HQ since it was spun off from ConocoPhillips in 2012. The campus will include putting greens and a credit union.
Location: Seattle
SF: 1M
Ground Broken: January 2015
Expected Completion: August 2016
When it comes to innovation, Amazon isn't all drones and no talk. Its new Denny Triangle campus will be kept warm by otherwise wasted heat from the data centers across the street—saving 4 million kilowatt hours of energy every year.
Location: Chicago
SF: 753k
Ground Broken: December 2014
Expected Completion: October 2016
The Swiss insurance carrier's new digs will be developed by Chicago's Clayco. The owner of the site, Stonemont Financial Group, landed a nice $333M loan for the project in March 2014.
Location: Fort Lauderdale, FL
SF: 714k
Ground Broken: August 2012
Expected Completion: January 2016
Good news for CSI Miami, public servants are getting fresh new digs in nearby Fort Lauderdale—after years of judges with rat problems (not informants, rodents).
Location: Cleveland
SF: 655k
Ground Broken: September 2014
Expected Completion: June 2016
Happy birthday? Get well soon? It's a boy? American Greetings has you covered in the card department. Its new HQ will be up just in time for 2016's Christmas in July.
Location: Lawrenceville, NJ
SF: 650k
Ground Broken: May 2015
Expected Completion: November 2016
The pharmaceutical giant Bristol-Myers Squibb is beefing up its research digs with this central NJ location. Expect doors (but no door-busters) to open around Black Friday next year.
