Los Angeles-based CIM Group and Chicago's Golub & Co. unveiled plans this week for the redevelopment of Chicago's neo-gothic Tribune Tower and the land surrounding it. A 1,422-ft-tall tower would rise adjacent to the 1923 landmark, according to the plan, and the soon-to-be-former home of the Chicago Tribune would be converted to 165 residential units and new retail shops.
With tariffs of 25% on foreign steel imports and 10% on aluminum signed by President Donald Trump on March 8, U.S. construction estimators and buyers have a bit more clarity what to expect when buying materials for future projects.
When President Trump said on March 1 that he would impose tariffs of 25% on foreign steel and 10% on aluminum, it immediately put construction estimators and executives, and the suppliers they rely on, into a holding pattern.
The Missouri Hyperloop Coalition—a public-private partnership that includes the Missouri Dept. of Transportation, the University of Missouri and other public stakeholders—announced on Jan. 30 an agreement to produce a feasibility study for a 248-mile hyperloop route, connecting Kansas City, Columbia, Mo., and St. Louis.
Ohio-based First Energy Corp. plans to shed its competitive generation business, including closing three nuclear power plants, following a strategic review that will be finished this summer.