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    Ups beat downs in the realty market in 2019 – Crain’s Cleveland Business - January 1, 2020 by admin

    Moving up, moving in, moving out and moving on characterized Northeast Ohio's lively 2019 real estate market.

    The new era of large apartment building construction began to be felt downtown as The Beacon, a 28-story building that was the first highrise residential project constructed downtown in 40 years, opened and the rise of the 34-story Lumen at Playhouse Square also put its stamp on the skyline.

    Meantime, K&D Group of Willoughby capped its long run of projects rehabilitating old downtown office buildings to mixed use with big doses of apartments in the city's most iconic building, Terminal Tower.

    Downtown Cleveland Alliance, the downtown security and promotional nonprofit, estimated the residential population as 18,800 as of Sept. 30, 2019, and said it's certain to grow more next year, with more than 1,000 apartments in development.

    While large warehouses serving online retailers took center stage as Amazon opened its new fulfillment center in Euclid, its third operation in Northeast Ohio, and launched construction of another in Akron, smaller manufacturers kept things busy on the other side of the staff count.

    Ohio City alone lost Voss Industries to Berea and Conveyer & Caster to Westlake. Downtown lost Tap Packaging Solutions, better known as the former Chilcote Co., to Brooklyn and Cleveland Vibrator Co. stayed within the city limits but moved to the Jennings Freeway Industrial Park.

    However, other groups already own the properties shed by Tap and Conveyer & Caster, respectively, setting the stage for potential new apartments downtown and expansion by the neighboring Kowalski Heat Treating Co. in Ohio City. As those deals show, many high-profile real estate sales in 2019 were for development or redevelopment purposes, a reflection of the continued low-interest-rate environment.

    Perhaps the best example was the $5.6 million sale of the Market Square Shopping Center, 2011 W. 25th St., in Ohio City to an affiliate of Chicago-based real estate developer Harbor Bay Real Estate Advisors. The firm plans to build a $175 million project on the site of the small single-story plaza across the street from the West Side Market. Thirty years ago, the strip center was progress for ground that had served for decades as extra parking for patrons of the market. Putting in midrise apartment and office buildings is the largest-scale commercial project in the city neighborhood near downtown since the 1920s.

    Also in Ohio City, the 11-story Church + State apartments began rising at 2815 W. 25th St., and more were launched in locations from Franklin Circle to Tremont and Little Italy.

    While big things were happening in Greater Cleveland, some big real estate development projects downtown stayed stuck in park. Plans for the Centennial, an apartment-office redo of the massive office building at 925 Euclid Ave., and nuCLEus, a long-planned retail-office-residential project proposed for the parking lots between Prospect and Huron roads near Rocket Mortgage FieldHouse, both got revised plans. But neither closed multimillion-dollar financial packages to begin the major rebuilding, and building, projects.

    The biggest question-mark for downtown and the city's real estate market surfaced in September as The Sherwin-Williams Co. announced it was launching a search for a new headquarters and a research-and-development center to replace its longtime locations on Prospect Avenue and Canal Road.

    John G. Morikis, Sherwin-Williams' chairman and CEO, said in October the company planned to provide guidance for shareholders, employees and the community by the end of 2019 or early 2020.

    Uncertainty about whether the massive paint and coatings maker would move to a site near Public Square, expand near its current headquarters at 101 W. Prospect Ave. or go for some other option perhaps in another state hovered over the city and the region like a vast cloud as the last days of 2019 ticked away.

    With the completion of the huge Van Aken District in Shaker Heights and Pinecrest in Orange Village, no other large multitenant mixed-use projects with significant retail components are underway in the region. For an area that has added almost a million square feet of retail space annually for several years, that's a dramatic change. However, as some retailers with multiple locations drop like flies, it also reflects the challenge faced by brick-and-mortar shopping in the face of online rivals.

    Filling empty Sears or Kmart spaces and empty mall stores is a big pursuit for shopping center owners as they try to woo other users to fill empty gaps and attract people. Beachwood Place is in the midst of planning an open-air meeting space to complement the enclosed two-story mall in Beachwood. Meantime, a full-blown remake of outlying grounds of the Macy's and Sears properties at Richmond Town Square as apartments and even self-storage is in the planning stages in Richmond Heights.

    Although multiple stores went dark, it's a contradictory picture. Menards, the Eau Clair, Wis., hardware chain, and Meijer, a Grand Rapids, Mich.-based grocer and softgoods retailer, both privately held purveyors, opened new large-format stores at multiple locations in the region.

    On the existing-home sales front, it was the busiest year of the past two as low interest rates in the 3% range kept buyers searching for desirable homes and allowed some owners to move on to larger properties or downsize. Residential builders continued to be busy, but the overall market remained flat. U.S. Census Bureau statistics for the combined Akron and Cleveland Metropolitan Statistical Areas show the number of single-family permits fell 9%, to 2,644 units, through October of 2019, the latest period available, from 2,891 in 2018's like period.

    Dean Tompkins, 2019 president of the Home Builders Association of Greater Cleveland trade group, said he was surprised production statistics dipped given how busy his colleagues appear to be. However, he can see why the numbers are coming up that way.

    "Even if we pulled more permits, we might not be able to get the labor to build more homes," said Tompkins, vice president of Payne & Payne Renovations & Design in Chardon. "There is clearly pent-up demand. Financing is available but still hard to get and rising land development and construction costs are (limiting) factors for homebuilders. But there's also a tremendous amount of home remodeling going on out there."

    For all the go-go aspects of the market, cracks have started to emerge as the economic expansion ages. Lenders filed foreclosure proceedings against two big downtown Cleveland properties in 2019, the IMG Center building at 1360 E. Ninth St. and the Doubletree Hotel at 1111 Lakeside Ave. Both serve as cautionary tales to developers and owners that the economic winds can shift and change the direction of the market, their holdings and the contents of their wallets.

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    Ups beat downs in the realty market in 2019 - Crain's Cleveland Business

    6 major Denver developments slated to be completed in 2020 – BusinessDen - January 1, 2020 by admin

    Thomas Gounley December 31, 2019 0

    Tower cranes and sidewalk closures dont last forever.

    With the new year just around the corner, heres a look at some of the major developments in Denver that are expected to be completed in 2020.

    Given the plethora of apartment projects underway in the city, we opted to focus on office and mixed-use projects, as well as the one major condo project that is wrapping up.

    A rendering of Market Station.

    This project on the site of a former bus terminal takes up nearly an entire block along the 16th Street Mall. It wraps around the existing RTD office building at 1600 Blake St.

    Market Station is expected to be completed in the second quarter, according to a representative for Denver-based Continuum Partners, which is developing the project with New York-based Clarion Partners.

    Market Station will incorporate 82,000 square feet of retail space on the ground floor of the entire project, including units facing the pedestrian-only paseo where an alley typically would run.

    The project will have 95,000 square feet of office space along 16th Street, and 225 apartments on upper floors elsewhere.

    Rev360 is a five-story office building being constructed in the 3600 block of Brighton Boulevard in RiNo. It will have retail space on the ground floor.

    The core and shell of Rev360 are expected to be completed in June, according to a representative.

    The building is being developed by Revolution 360 LLC, a joint venture comprised of General Partner Ed Haselden, Keystone Equities, Rob Cohen, Tributary Real Estate and Avenue Property Group. WeWork has signed on to take two of the projects four office floors.

    A rendering of The Hub North. (Submitted)

    The Hub North is the second phase of Beacon Capital Partners office complex near the 38th and Blake rail station in RiNo.

    The eight-story project will have retail space on the ground floor, and is expected to be completed in May, according to a Beacon representative.

    The Hub South, the complexs first phase, is already complete. It has landed WeWork and HomeAdvisor among its office tenants, and Chase, Slaters 50/50 and Whole Sol among its retail tenants.

    The 30-story Block 162 building, which broke ground in summer 2018, will rise 30 stories at 675 15th St., between California and Welton streets.

    The first tenant is expected to move in come December, according to Doug Wulf, the Cushman & Wakefield broker marketing the building.

    Houston-based Patrinely Group and USAA Real Estate are the developers.

    A rendering of the 15-story 6900 Layton office building. (Courtesy of Cushman & Wakefield)

    The 15-story office building 6900 Layton is under construction within the Denver Tech Centers Belleview Station area.

    A Prime West executive said the project is expected to be completed in mid-to-late summer.

    Newmont Mining Corp. has leased four floors of the building for its headquarters, which are currently located a short distance away in Greenwood Village.

    Lakehouse is a 196-unit condo project being developed by Denver-based Nava Development across the street from Sloans Lake Park. It also will feature retail space.

    Lakehouse will welcome its first residents in early 2020, according to Nava.

    Whats not on here?

    Expecting to see something else here? A few updates:

    + Denver-based developer Revesco Properties has completed Meow Wolfs future home. But the art collective, which once floated a 2020 opening, said it now plans to open in 2021.

    + Stonebridge Cos.s conversion of the former Emily Griffith Opportunity School in the 1200 block of Welton Street into a hotel is now expected to be completed in the first quarter of 2021, according to the company.

    + McGregor Square, the mixed-use project the Colorado Rockies are developing next to Coors Field, is eyeing an early 2021 opening.

    + The Thompson Hotel being developed at 16th and Market downtown is expected to open in 2021.

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    6 major Denver developments slated to be completed in 2020 - BusinessDen

    Old Masquerade mill building damaged in construction mishap – WXIA - January 1, 2020 by admin

    ATLANTA It's a building with ties to Atlanta's pop and music cultures going back decades. But a recent construction accident just brought part of the old Masquerade music venue tumbling down.

    In its long and storied life, the Old Excelsior Mill has gone from a workplace to a venue for some of the biggest names in American music. Apparently, though, a construction accident aiming to convert the old mill back into something more work-friendly ended up causing serious damage instead.

    "I kind of wanted to see it for myself," Shannon Byrne of Pine Lake said.

    RELATED: Former Masquerade venue to become office space

    The amateur historian couldn't believe what she saw - and she's been documenting buildings like this in metro Atlanta for years.

    "I've been fascinated by the rock, the stone that runs through our city," she said.

    The granite she said, was quarried from Stone Mountain in the late 1800s. But, on Friday, the east wall of the old mill collapsed during construction. Fortunately, no one was hurt.

    Plans are in the works by two developers to transform the old venue into a mixed-use office space.

    "I am still picking my jaw up off the ground," Byrne said. "I'm shocked. I'm kind of surprised."

    For Scott Banks, who said he partied at the mill when it was Masquerade decades ago, it's not as big of a shock.

    "Twenty years ago," he said. "I was surprised it was standing up then."

    The developers released a joint statement saying in part, they are "in the process of discovering exactly what happened, but preliminary information leads us to believe it was related to the excavation work."

    Coro Realty and Southeastern Capital said the work was done according to an engineer's specifications.

    "You trust construction companies to take great care of construction buildings," Byrne said. "What are they going to do with the stone? Will they incorporate it back in the rebuild? Will they incorporate it in other aspects of the city or the Beltline?"

    The answer to those questions remains to be seen as they don't have a cause yet on what exactly made the collapse happen in the first place.


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    Old Masquerade mill building damaged in construction mishap - WXIA

    Preparing for Growth in the Construction Industry Through a Global Economic Slowdown – PRNewswire - January 1, 2020 by admin

    TORONTO, Dec. 30, 2019 /PRNewswire/ --BTY is pleased to release its 16th annual Market Intelligence Report (MIR)for the construction industry across Canada, including major trends impacting the industry's future and overall activity in select international markets. Despite an expected global economic slowdown, the MIR identifies opportunities for growth in the industry.

    For 2020, we are forecastingcontinued higher escalation in Ontario (6-7%), British Columbia (5-6%), and Quebec (4-5%), with low to moderate escalation in Alberta (1-2%), Saskatchewan (1-2%), Manitoba (1-2%), and the Atlantic Provinces (0-1%).

    The overall outlook for construction activity across Canada is varied.

    The largest private sector investment ever in Canada's history, the $40 billion LNG Canada development, is anchoring BC's sustained building boom, while strong ICI activity, a resilient housing sector and major infrastructure projects are fueling Ontario's robust industry.

    Alberta and Saskatchewan will continue to see challenges related to oil production, transportation and trade. However, additions to pipeline capacity and improved efficiencies signal improving conditions through and beyond 2020.

    Manitoba and the Atlantic provinces will hold steady for the most part, while Quebec maintains a brisk pace with a growing pipeline of planned projects forecast post 2020.

    Growth is limited nationwide for residential building comparing forecast starts year over year. Affordability remains a critical issue in major urban centres.

    "What stands out to us is the industry's consistent ability to adapt to change and challenge," says Managing Director Toby Mallinder. "With a record increase in foreign direct investment, sustained high immigration, a surging tech sector, expanding investment in renewable energy and a strong infrastructure pipeline, we see reason to be optimistic for construction in Canada even as trade uncertainty shadows the global economy."

    With Canada's economy forecast to grow at 1.6 per cent in 2019 and increase to 1.8 per cent in 2020, the overall outlook for construction remains positive. Here is a province-by-province summary:

    ONTARIOwill see a very tight labour market, especially in major urban centres, thanks to Toronto's office building boom, major transportation infrastructure projects and a resilient residential sector.

    BRITISH COLUMBIA is at full steam with multiple mega-projects in energy and transportation and booming office building driven by an expanding tech sector, all of which will strain an already tight labour supply.

    ALBERTAwill continue to see lower construction levels given oil patch challenges. However, strong population growth will sustain residential building, and investment in renewables will create new opportunities.

    SASKATCHEWANis also facing a year of low growth due to soft commodity prices and export roadblocks. One bright spot is steady population growth, expected to sustain demand in the residential sector.

    MANITOBAwill have major energy projects wrapping up and slower growth in residential and commercial construction. However, new projects in the energy sector and food processing will help keep activity levels stable.

    QUEBECis projected to have a slight moderation in its robust activity levels. Strength in office and condos, industrial and warehousing, and infrastructure will remain mainstays.

    ATLANTIC PROVINCES. Prince Edward Island will repeat as a growth leader, with Nova Scotia right behind. New Brunswick, and Newfoundland and Labrador will see low growth; all four provinces will have declines in the residential sectors.

    BTY has been publishing its annual industry review of construction cost forecasts across Canada since 2003. Over the years, the Market Intelligence Report has earned a reputation in the development, property and finance communities for crucial insights on factors behind the changing marketplace and reliable unit rate cost projections for the coming year.

    A full copy of the report can be accessed on our website at


    Saira Muzaffar, Director, Marketing & Communications


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    Preparing for Growth in the Construction Industry Through a Global Economic Slowdown - PRNewswire

    RXR plans 21-story LIC office building with manufacturing incentives – The Real Deal - January 1, 2020 by admin

    RXR CEO Scott Rechler and an aerial view of the site (Credit: Getty Images, Google Maps)

    RXR Realty is bringing a new mixed-use office tower to Long Island City, which is set to be the first project outside of North Brooklyn to make use of Industrial Business Incentive Area (IBIA) special permits.

    Plans filed with the Department of Buildings last Friday call for a 21-story mixed-use building at 42-11 9th Street, just south of the Queensboro Bridge and with frontage on both 9th and 10th streets. The 396,365-square-foot building will feature an 18-story tower on top of a three-story podium with ground-floor retail and 64,180 square feet of manufacturing space.

    Representatives for RXR did not respond to a request for comment.

    The project site is now home to a one-story machine shop occupied by Titan Machine Corporation, and has experienced contamination from, among other things, an oil spill and prior use by a plastic hanger manufacturer. RXR applied to include the project in the citys Brownfield Cleanup Program in April.

    Pending zoning approval, Scott Rechlers firm expects to begin construction in July 2020 and complete the project in 2022, application documents show. The developer is under contract to acquire the property from the current owner, Carlos Escobar, for an undisclosed price.

    To facilitate the project, RXR filed another application last month to designate the area as an IBIA, which would increase the floor area allowed on the site and modify parking and loading requirements.

    If successful, this would be just the fourth development in New York City to make use of the IBIA designation, which requires that a certain amount of floor area be set aside for industrial uses. All three existing IBIAs are located within a two-block radius in northern Williamsburg.

    The first project to receive an IBIA rezoning was Toby Moskovits 25 Kent, the first ground-up commercial building developed in Williamsburg in more than 40 years. After completing construction in July, the nearly 500,000-square-foot building secured its first office tenant, fashion brand Kith, just two weeks ago.

    The second IBIA rezoning was for Simon Baron Developments 12 Franklin Street three blocks north, a seven-story boutique office building with 23,000 square feet of manufacturing space. The third went to nearby 103 North 13th Street, where Simon Dushinskys Rabksy Group is developing a seven-story, roughly 60,000-square-foot mixed-use office building.

    RXR has been an active player in Queens industrial real estate scene of late. Earlier this month, the firm was reported to be in talks with Amazon to lease a 770,000-square-foot, four-story logistics center in Maspeth to the e-commerce giant.

    More here:
    RXR plans 21-story LIC office building with manufacturing incentives - The Real Deal

    Boise area growth in 2020: What to watch for in your neighborhood – - January 1, 2020 by admin

    Eagle View Landing

    Description: Multi-use developmentDeveloper: Ball Ventures AhlquistStatus: Permitting

    Will we see a move toward more taller structures in Downtown Boise? In 2019, the skyline saw no material changes. Nada. Two projects in progress the 11th & Idaho office building and Home2 Suites by Hilton started construction this year, and during 2020 will start to move toward the sky. Several other projects including an eight-story apartment building at 6th St. and Front St. could start material construction soon. But what other projects will hit the permitting stage as Boise continues its hot growth spurt.

    Speaking of going up, one prime lot is on many peoples minds. Owned by the Yanke family, it sits at a key crossroads near Simplot, One Capitol Center and very near the Boise Centre. The lot bounded by Front, Grove, 12th and 13th used to house the Boise Farmers Market, and largely serves as overflow parking for JR Simplot Co. employees. Several developers took runs at developing the property over the years, but it remains underutilized in the core of the city. The Capital City Development Corporation will spend millions of dollars to upgrade infrastructure along Grove St. in both directions radiating from the Grove Plaza. The investment could help spur development along the corridor.

    Residents in Meridian continue to watch and wait for progress on separate projects along Chinden Blvd. Each would carry a large big-box retailer, Winco at Chinden and Linder, and Costco at Chinden and Ten Mile. While dirt started moving on the Winco project, the land remains bare at the Costco site and developers of the projects have not yet announced when the stores could open.

    In 2020, for the first time in sixteen years, Dave Bieter will not be mayor. What will that mean for his hoped-for downtown circulator project? The Boise City Council approved engineering on the project, and both the City of Boise and Capitol City Development Corp. spent money toward the idea. But Bieters will for a rail-driven streetcar could come into question, with new mayor Lauren McLean and a pair of new city council members changing the political mix. Bieter looked toward the streetcar or circulator project for more than a decade, but like two priorities listed below he never got the large-scale project off the ground before voters decided to make a change.

    Another project in limbo is a new Downtown Boise main library. Despite a packaged attempt to make the project come to life, public questions, the proposed relocation of the historic Cabin, a citizen initiative and finally overwhelming public vote put the project on ice. Longtime library director Kevin Booe stepped down this fall, and on the way out the door suggested forming a library district for the project. For now, city officials stopped working on the project. McLean said she supports a new library, but how and when the project could move forward remains a mystery.

    Will the Boise Hawks ever play anywhere other than Memorial Stadium? Reporting from the Idaho Press, confirmed by BoiseDev, indicates a plan for a stadium on land currently owned by Roundhouse is off the table. In October, Minor League Baseball said some teams in the Northwest League are vulnerable to losing their affiliations. It also said some NWL teams could move to full-season ball. MiLB also told teams not to make big changes including financial commitments or lease arrangements. Bieter championed the Boise Sports Park project, and he and other city staffers worked on the project. But McLean repeatedly said during the campaign that she would not put a priority on a stadium project.

    In October, we broke the news of an idea to transform the current site of the Boise tank farm on the Boise Bench. A complicated idea would move the large petroleum tanks to land near the Boise Airport, clean up the ground and create a new close-to-downtown neighborhood. Prolific developer Tommy Ahlquist put together a vision for the area his firm called Curtis Junction. The project, like many of those above, involved Bieter and his team. This is another project where McLeans role remains unclear.

    BoiseDev also first told you about the plan to build a golf entertainment venue in Meridian at Eagle Rd. and I-84. We called it a Topgolf style venue, because Ahlquist and his Ball Ventures Ahlquist firm remained mum on the vendor name. Topgolf competes against a smattering of much smaller players like Drive Shack. Topgolf runs the majority of that style of centers, and this spring said it would focus on medium-sized markets. Construction on the Eagle View Landing site started in 2019, and a place for the golf entertainment venue remains on the map.

    Another area in the heart of Downtown Boise that isnt pumping blood like you might expect is the block of Idaho St. between Capitol Blvd. and 6th St. On one side, Boise City Hall sits with minimal street activation. On the other, the corners are anchored by Press & Pony on one end and Java on the other but in between sits a parking lot, the empty former Louies building and the empty former Old Spaghetti Factory site. Both of those Italian-themed restaurants closed years ago, and a combination of the recession and OSFs quick exit from Boise left the area lacking vibrancy. But new owners Barclay Group acquired both buildings last year and worked behind the scenes on a new plan for the site. Could we see movement soon?

    We constantly get asked when the Albertsons in Barber Valley/Albertsons in S. Meridian/Albertson in Star will open. The Boise-based retail giant announced or obtained permits for all three of these projects, but to date, no sign of when they will pop up. It also remains unclear which project might go first. The last firm update company officials provided was that the projects would start once the Broadway and Market Street stores wrapped up. Now, more than six months later, will we see some construction on activity on one or more of these stores in 2020?

    The Boise area saw four large stores close in the winter and spring of 2019, leaving more than 400,000 square feet of retail space empty. Sears and three Shopko stores all held liquidation sales and locked the doors. While a small portion of the Nampa Shopko saw a new lease, the rest await redevelopment. What will come to the empty buildings in 2020?

    The Village at Meridian long-ago said it would expand toward Eagle Rd. But for now, those plans remain on hold. Dirt lots extend from the current Village center toward the street, and a site plan shows ideas for hotels, shopping, residential and more. Could the popular shopping gateway get even bigger in 2020?

    Downtown Nampa started to see signs of new life in the last few years. Restaurants, bars and even a bit of retail started to bring new vibrancy to an area that lost much of its vibrancy over the last 30 years. Leaders in Nampa like the trajectory of another downtown Boises, and are looking at how the citys Restaurant Row grew in recent decades. Will we see more new projects in this growing downtown?

    In a 13-month span from January 2019 to January 2020, the leadership makeup of the Ada Co. Commission, City of Meridian, City of Eagle, City of Boise, and the governors office all saw a material change. How this new crop of leaders approach growth will be a key factor in how the area evolves and changes in the next decade. Transportation, affordable housing, gridlock and sprawl are all big topics of conversation along with climate change, wage growth, and business development. Past patterns of silos and other issues caused more than 70% of residents to say their local government wasnt handling growth well. With new leaders in place, can they change public sentiment? That might be the biggest question for 2020 of all.

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    Boise area growth in 2020: What to watch for in your neighborhood -

    It’s all about the homes – North Bay Business Journal - January 1, 2020 by admin

    The outlook for the North Bay construction industry in 2020 is bright, but experts expect the surge in projects to shift from disaster recovery to economic rebuild.

    I think were going to see parallel tracks of housing activity in 2020, said Keith Woods, CEO of North Coast Builders Exchange, a trade group for over 1,200 construction companies and related professionals in Sonoma, Napa, Mendocino and Lake counties.

    One of those tracks of homebuilding work will be continued rebuilding of homes that were destroyed in the 2017 wildfires, and the other track is for building housing that was needed before the fires, he said.

    Of the 3,043 housing units destroyed in Santa Rosa, mostly by the Tubbs Fire, 2,266 units are in the rebuild process (seeking or received permits), with 892 completed so far, according to the citys online progress tracker as of Dec. 23. Under construction are 1,132 units, and another 242 have permits or have applications pending.

    Of 1,949 parcels in unincorporated Sonoma County with fire-damaged structures, nearly a quarter have rebuilding construction complete, 61% are in construction, and permits for another nearly 15% are in review or issued.

    In Napa County, permits have been issued on 129 units and are pending for 55, according to that tally.

    Some of the continued rebuilding is for fire survivors, but more will be speculative homes built on lots the original owners sold in the months after the fire after deciding not to rebuild, Woods said.

    While some speculative projects have started, builders have been giving priority to fire survivors.

    Were getting lot of people who originally didnt want to rebuild, said Keith Christopherson, who has built over 6,500 Northern California homes and now is working with more than 100 clients on burned lots, mostly in the Fountaingrove area of Santa Rosa. Some moved away and wanted to sell their lots and now are having second thoughts and want to rebuild. Some bought other homes, and now they see neighborhoods are coming around, so now theyre thinking about selling their current house and rebuild the house that burned.

    As the rebuilds wind down with the release of more construction money from insurance policy and other settlements, the attention of homebuilding is expected to shift outside the fire areas.

    In the main (Highway) 101 corridor cities, the housing pace is picking up dramatically, Woods said.

    More single- and multifamily projects are lining up for Petaluma, Rohnert Park and Windsor, with communities further out on the horizon for Sebastopol and Healdsburg, he said. And recent action by the Santa Rosa City Council to give an initial go-ahead on a downtown master plan that calls for up to 7,000 housing units is attracting developers to start making that a reality in 2020, he said.

    There are plans for and actual permits being pulled for a lot of new housing in the North Bay, but if were only at 3,000-4,000 homes after the rebuild, that leaves us 2,000-3,000 homes short of what we had three years ago, Woods said. That only exacerbated an existing problem with the shortage of housing.

    Another existing problem for the construction industry has been labor, as thousands left the industry during the sectors several-year recession starting in 2006. The massive rebuild effort put a strain on specialty contractors and labor for commercial projects this year, according to Robert Cantu, president of Western Builders.

    There has been some uptick (in demand) for warehouse projects for the cannabis effort, but weve never seen a rebound for everyday office space, he said. Because of the recession years back, companies got leaner and devices improved for work at home or from afar. Square feet per worker has gone way down.

    Demand for retail projects also is down, because of the internet effect, according to Roger Nelson, president of Midstate Construction. The challenging environment for brick-and-mortar retailers competing with e-commerce has put pressure on owners of retail centers nationwide to keep spaces full.

    We used to be predominantly retail, and now were predominantly housing, and affordable housing, he said. The company completed its 27th project for Santa Rosa-based nonprofit developer Burbank Housing. Thats something the Bay Area needs.

    Excerpt from:
    It's all about the homes - North Bay Business Journal

    Looking ahead: Next year will bring more construction, arts and culture development to Fishers – Current in Carmel - January 1, 2020 by admin

    In 2020, Fishers Mayor Scott Fadness foresees complete of several projects that are already under way.

    I think next year will be a year for building on ideas already out there in the public, and there will be a lot of that going on, he said. Youll see a lot of construction in the downtown area on private developments like the First Internet Bank, the hotel, two multi-family developments being built. Theres a lot of construction going to happen in the downtown area.

    In December 2018, Browning Investments announced a $157 million development for downtown Fishers on both sides of 116th Street. The north side of the project will be built by Browning and CRG Residential and will feature a five-story apartment building with retail units, a public parking garage, a plaza gathering space and renovated downtown buildings. The south side will feature the 168,000-square-foot, six-story office building to be First Internet Banks new headquarters, along with a 110-room boutique hotel, the Hotel Nickel Plate, and a parking garage. The project is anticipated to be complete by fall 2021.

    At the same time, construction on a tunnel for the Nickel Plate Trail under 116th Street will begin, as will construction on the first leg of the trail from 106th Street to 116th Street. The trail is expected to open in 2021. The first portions of Ind. 37 construction also will begin, starting on the 126th and 146th street interchanges in the spring.

    Fadness said residents also can expect to see roadwork on 96th Street.

    We are excited about the ability to build it to four lanes from Lantern to Cumberland (roads) and do lane reconfiguration and beautification, Fadness said. Itll be a significant year of construction for the city.

    More of The Yard at Fishers District will open in the first quarter of 2020. The new features include a hotel and more than a dozen businesses and restaurants and apartments The Fishers Test Kitchen, featuring three new restaurants, will open in February. The second phase of the project, which sits to the east of Phase 1, will begin in 2020 and will include another hotel, an office building and townhomes.

    I think itll be a very active place, Fadness said.

    Other projects opening in the new year include Hub and Spoke, a $14 million, 85,000-square-foot design center that includes a showroom, event space, warehouse and makerspace at 106th Street and the Nickel Plate Trail. Fadness said he expects them to open up in the spring, with other portions of the development opening in the summer.

    An autonomous vehicle program will begin in the spring or summer. The vehicles, created by the California-based company PerceptIn, will transport eight passengers at a time from Launch Fishers, 12175 Visionary Way, and the Internet of Things Lab, 9059 Technology Lane, to downtown Fishers. The vehicles travel at 20 mph. PerceptIn plans to establish its headquarters at the Internet of Things Lab in early 2020.

    We hope to (expand transportation to) other places within the community. That would be ideal to shrink the universe, so to speak, and allow people the opportunity to get to restaurants and enjoy the community in ways they otherwise wouldnt be able to do unless they got in their car, Fadness said.

    Two new members will join the Fishers City Council in 2020. They are Democrats Jocelyn Vare and Samantha DeLong.

    We look forward to getting all nine council members together to find out commonalities and find common ground and hit the ground running for another four years in the City of Fishers, Mayor Scott Fadness said.

    Fadness expects more focus on the cultural aspects of the city in the new year. The Arts and Culture Commission is working on a master plan for 2020 and beyond.

    I think youll see a lot more focus on 2020 to the cultural and community aspects of our city, Fadness said. Theres going to be a lot of building, a lot of development, but we are really laser-focused in on the next couple years of garnering a strong sense of pride and community engagement. Youll see a lot of focus and emphasis on those things moving forward.

    See the rest here:
    Looking ahead: Next year will bring more construction, arts and culture development to Fishers - Current in Carmel

    Ontario, BC to lead the way in 2020 construction growth: report – Daily Commercial News - January 1, 2020 by admin

    TORONTO Market consultant BTY is forecasting that Ontario will lead the national construction industry in growth in 2020 followed by British Columbia and Quebec.

    BTYs Market Intelligence Report said that despite an expected global economic slowdown, the firm identifies opportunities for growth in the industry, stated a Dec. 30 release.

    For 2020, BTY is forecasting escalation in Ontario (6-7 per cent), B.C. (5-6 per cent) and Quebec (4-5 per cent), with low to moderate escalation in Alberta (1-2 per cent), Saskatchewan (1-2 per cent), Manitoba (1-2 per cent) and the Atlantic provinces (0-1 per cent).

    The largest private sector investment ever in Canadas history, the $40-billion LNG Canada development, is anchoring BCs sustained building boom, while strong ICI activity, a resilient housing sector and major infrastructure projects are fuelling Ontarios robust industry, said the release.

    Alberta and Saskatchewan will continue to see challenges related to oil production, transportation and trade, BTY predicts. However, additions to pipeline capacity and improved efficiencies signal improving conditions through and beyond 2020.

    Manitoba and the Atlantic provinces will hold steady for the most part, while Quebec will maintain a brisk pace with a growing pipeline of planned projects forecast post 2020, said BTY.

    Growth will be limited nationwide for residential building comparing forecast starts year over year. Affordability remains a critical issue in major urban centres, the report said.

    What stands out to us is the industrys consistent ability to adapt to change and challenge, said BTY managing director Toby Mallinder in the release. With a record increase in foreign direct investment, sustained high immigration, a surging tech sector, expanding investment in renewable energy and a strong infrastructure pipeline, we see reason to be optimistic for construction in Canada even as trade uncertainty shadows the global economy.

    Ontariowill see a very tight labour market, especially in major urban centres, thanks to Torontos office building boom, major transportation infrastructure projects and a resilient residential sector, said BTY.

    B.C., meanwhileis at full steam with multiple mega-projects in energy and transportation and booming office building driven by an expanding tech sector, all of which will strain an already tight labour supply.

    Read more here:
    Ontario, BC to lead the way in 2020 construction growth: report - Daily Commercial News

    The 11 most anticipated developments of 2020 – CHStoday - January 1, 2020 by admin

    You dont need a crystal ball to see whats in store for Charleston in 2020 just look at all the cranes around you.

    2020 will be a big deal for Charleston: This year, the city will celebrate its 350th birthday. But for all of the history weve amassed over the last three-and-a-half centuries, we have plenty more in the making. This year, were expecting to see the completion of several major developments just in time for even more new projects to break ground.

    We checked up on some of the biggest in-progress developments that are expected to open in the tri-county in 2020.

    Construction of the Charleston Tech Center at 997 Morrison Dr., as of Nov. 2019 | Photo by @charlestondigitalcorridor

    The Charleston Tech Center is expected to open this year on Morrison Drive, by Romney Street. In addition to a six-floor office building, plans for this development include a retail tenant on its ground floor, a courtyard + outdoor park, and a parking deck. The building will serve in part as the home of Flagship3 a business incubator launched by Charleston Digital Corridor, which signed on as a permanent tenant of the space.

    After some construction delays, the MUSC Shawn Jenkins Childrens Hospital & Pearl Tourville Womens Pavilion is now on track to open sometime in 2020. The 11-story, 624,000 sqft facility will be home to the only pediatric burn unit, level I trauma center for children, + solid-organ and bone marrow transplant programs in the state. It will have ~250 beds, and will feature some couplet rooms where new mothers + babies will be able to recover together. See a behind-the-scenes look at the hospital here.

    Plans for the future Harbour Club at 22 WestEdge | Photo by @westedgechs

    Beginning in May 2020, the Harbour Club will take over the entire 7th floor of the newly completed 22 WestEdge building. The club, which will be available to rent for events, will boast panoramic views of the Peninsula, and it will have an outdoor terrace that overlooks the Ashley River.

    This is all part of the ongoing WestEdge development. To see more on whats coming to that part of town over the next several years, click here.

    Working on the 10 row bleachers at the new aquatic center.

    Posted by North Charleston Aquatics onTuesday, November 26, 2019

    Progress on the new Aquatics Center in North Charleston, as of Nov. 2019 | Photos by North Charleston Aquatics

    Set to open this spring right by Fort Dorchester High School, the aquatics center will include a 50 meter, ten-lane pool; a 25-yard, therapeutic pool; a warm-up pool; locker rooms; a pro shop; and a concessions stand.

    A new roadway connecting Fort Dorchester (which currently only has one entrance/exit from the road) to Patriot Blvd. will also be constructed to improve the nearby school traffic.

    Construction of the new parking deck at Charleston International Airport, as of Dec. 2019 | Photo by @iflychs

    Construction of a 5-level parking deck (right behind the existing garage) at the Charleston International Airport appears to be nearing completion. When it opens to travelers, the airport will be able to accommodate more than 3,000 additional cars.

    In the meantime, if you plan to leave your car at the airport, make sure to check their website for the latest information, and give yourself an extra 30 minutes when heading out the door.

    A rendering of The Refinery, coming to 1640 Meeting St. in 2020 | Image by @themiddletongroup

    A multi-use development called The Refinery is coming to the Upper Peninsula in fall 2020. The development includes a three-story, mixed-use building with room for a restaurant on its ground floor, and office space on its second + third floors. Outside, there will be a balcony on the second floor, and an onsite amphitheater surrounded by green space.

    Garco Mill | Photo by the CHStoday team

    The historic old factory building + surrounding 40 acres of land at Garco Mill is being redeveloped into office and retail space, alongside a 20,000 sqft food hall. So far, the coworking space Serendipity Labs has announced it will open at Garco Mill in March 2020 but were still waiting for an opening date to be set on the food hall.

    Alorica Call Center in North Charleston | Photo via Google MapsAn estimated 300 jobs will be created with the expansion of Aloricascall center in North Charleston. The $1.2 million project is expected to be complete by the end of 2020.

    Foundry Point | Image via @foundryapts

    Construction of each of these two neighboring apartment complexes in NoMo is expected to be complete in 2020. Together, the two will add more than 300 apartment units to the neck area.

    Construction of the Jasper Charleston as of Dec. 2019 | Photo via @jaspercharleston

    The 12-story, luxury apartment complex is being constructed on the site of the former Sergeant Jasper apartment building (hence its name). In addition to apartment units, the plans for the building include 25,000 sq. ft. of ground-floor retail space, + 75,000 sq. ft. of office space.

    Firefly Distillerys new location in Park Circle | Video via @fireflydistillery

    What was formerly a landfill at 1135 Rome Ln. (near Park Circle) will soon be the home of the brands beloved sweet tea vodka.

    Set to open in January 2020, the owners plan to avoid paving and instead incorporate green space + more than 300 trees. Features at the new location will include a tasting room, gift shop, and distillery.

    While we included onlydevelopments set to open in 2020on this list, here are a few projects weve got our eyes on a little further down the road: The completion of the Charleston Harbor deepening project + the opening of the new Hugh K. Leatherman Sr. Terminal in North Charleston is on track for 2021.Construction of theInternational African American Museumis set to finish in 2021, with hopes to open it by the end of the year.The expansion of Joe Riley Waterfront Park + the construction of a new, waterfront hotel right by it is on track for a 2022 opening.

    Continued here:
    The 11 most anticipated developments of 2020 - CHStoday

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