CEO Report Baltimore
McLean-based Georgelas Group filed an application for a $450-million, 7-acre mixed-use development on Tyco Road near the Spring Hill Silver Line station in Tysons. Plans for the Spring Hill Station North development include 1.3 million square feet of residential/office space across three buildings, a 170,000 square-foot hotel and 75,000 square feet of retail. Read more at BisNow.
Following their graduation from Johns Hopkins University, Kevin Joo and David Shi founded Atana with a $300,000 seed round of funding from angel investors and has opened an office in Baltimore. The tech startup is aiming to address security issues surrounding data sharing using encryption and blockchain-based infrastructure. Read more at Technical.ly Baltimore.
Money Magazine released its annual list of The Best Places to Live in America and two local communities made the top five; Ashburn, Va. (No. 2) and Ellicott City, Md. (No. 4). The list of 15 cities was compiled based on myriad factors including economic health, public schools, housing, local amenities, cost of living and diversity. Read more at WTOP.
John Hancock announced major changes to its life insurance offerings that will require health tracking for coverage. Customers will have to enter fitness activity via an app or website or, for a 15 percent discount, they can track health data with a wearable device. Traditional policies will no longer be available. Read more at Engadget.
By the end of this year, Walmart will supply 4,700 of its stores with more than 17,000 Oculus Go virtual reality headsets as the retailer expands its VR-based employee training system. The technology is designed to give employees a physical feel for situations like Black Friday shopping surge. Read more at The Verge.
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DEVELOPMENT Himmelrich Associates’ renovation of the historic Winslow Parker Metal Building at 333 W. Ostend St. is nearly complete with three floors of office space on the upper levels and a 400-seat event venue on the first floor. Included in the renovation were all...read more
HIGHER EDUCATION St. John’s College announced plans to reduce undergraduate tuition by one-third from $52,000 a year to $35,000 starting with the 2019 academic year. The 322-year-0ld private liberal arts colleges has campuses in Annapolis and Santa Fe, New Mexico....read more
COST OF LIVING A study released by the United Way found that 38 percent of families in the state can’t afford basic life necessities. The nonprofit’s ALICE report also determined that 47 percent of Baltimore families have an income under $64,392, the minimum necessary...read more
HEALTHCARE Kaiser Permanente of the Mid-Atlantic States announced plans to construct a 45,558-square-foot medical center at 5404 Hillmeade Road in Bowie. When complete in 2020, it will offer primary care, behavioral health, optometry, pharmacy, laboratory and imaging...read more