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Amana Appliance Repair Middleton Id - Video

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GE Appliances - Repair, Troubleshoot, or Schedule Service

The long-awaited Penfield is officially open.

St. Paul leaders gathered Thursday morning for a ribbon-cutting ceremony for the downtown apartment building at Robert and Tenth streets.

Envisioned nearly a decade ago as a luxury condo high-rise that would change the St. Paul skyline, the Penfield project was scaled back over the years to fit market trends.

What got built was a $62 million, block-long building that stands six stories tall and features 254 apartments. The project also includes a parking garage and a Lunds grocery that will open May 15. Construction took about two years.

"The Penfield is another example of downtown's development momentum," Saint Paul Mayor Chris Coleman said at Thursday opening. He noted a number of nearby projects in the works, from the Lowertown Ballpark to the Central Corridor that will begin running in June.

"We have a lot to look forward to celebrating this year," he said.

The Penfield has gone through various designs since its inception.

Plans in 2005 called for a $117 million, 40-story glass-and-steel tower of condominiums and townhomes. Other proposals since had included a hotel and a shortened tower at 30 stories. A development partnership, Alatus and Sherman Rutzick & Associates, backed out when the housing market collapsed during the recession.

The city stepped in and served as the developer itself, having recently developed the five-story Lofts at Farmers Market, a 56-unit luxury rental building in Lowertown that opened in 2012.

The city approved a tax-increment financing district for the building, which will recycle $15 million -- 25 years of property taxes generated by the site -- back into project development. It will be owned by the Saint Paul Housing and Redevelopment Authority and managed and marketed by Village Green Residential Properties.

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St. Paul celebrates Penfield opening; Lunds' first day is May 15

AUSTRALIA'S building industry has slumped back into contraction following a fall in new orders.

The Australian Industry Group's Performance of Construction index dropped 2.6 points to 48.2 in January, indicating the building sector is contracting.

A reading below 50 points shows the sector is contracting; above indicates expansion.

It dints hope that the industry was on a rebound after strong growth in house building propelled the broader construction sector into its third consecutive month of expansion in December following several years of decline.

Driving the fall was a decline in new orders (down 6.6 points to 47.7), a steeper fall in employment (45.1) and a continued reduction in deliveries from suppliers (49.0), Ai Group says.

Ai Group public policy director Peter Burn said the reading casts doubt over possibilities of a recovery in the construction sector.

"Its performance in the next few months will be critical in determining whether there is a consolidation of the gains of late last year or a resumption of the weakness that has characterised the residential and commercial construction slump in the past couple of years," he said.

House building was the strongest sub-sector, at 57.5, but its rate of expansion had moderated in line with slower growth in new orders in January.

Engineering construction recovered from the drop reported in December, while apartment building contracted

sharply and commercial construction slipped from the slight expansion recorded in December.

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Aussie building industry slumps

Business Property

A decline in new orders, steep fall in employment and drop in delivers from suppliers led to the slow down in the building industry. Photo: Tamara Voninski

The Australian Industry Group's Performance of Construction index dropped 2.6 points to 48.2 in January, indicating the building sector is contracting.

A reading below 50 points shows the sector is contracting; above indicates expansion.

It dints hope that the industry was on a rebound after strong growth in house building propelled the broader construction sector into its third consecutive month of expansion in December following several years of decline.

Driving the fall was a decline in new orders (down 6.6 points to 47.7), a steeper fall in employment (45.1) and a continued reduction in deliveries from suppliers (49.0), Ai Group says.

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Ai Group public policy director Peter Burn said the reading casts doubt over possibilities of a recovery in the construction sector.

"Its performance in the next few months will be critical in determining whether there is a consolidation of the gains of late last year or a resumption of the weakness that has characterised the residential and commercial construction slump in the past couple of years," he said.

House building was the strongest sub-sector, at 57.5, but its rate of expansion had moderated in line with slower growth in new orders in January.

See the original post here:
Aussie construction slows

Australia's building industry has slumped back into contraction following a fall in new orders.

The Australian Industry Group's Performance of Construction index dropped 2.6 points to 48.2 in January, indicating the building sector is contracting.

A reading below 50 points shows the sector is contracting; above indicates expansion.

It dints hope that the industry was on a rebound after strong growth in house building propelled the broader construction sector into its third consecutive month of expansion in December following several years of decline.

Driving the fall was a decline in new orders (down 6.6 points to 47.7), a steeper fall in employment (45.1) and a continued reduction in deliveries from suppliers (49.0), Ai Group says.

Ai Group public policy director Peter Burn said the reading casts doubt over possibilities of a recovery in the construction sector.

'Its performance in the next few months will be critical in determining whether there is a consolidation of the gains of late last year or a resumption of the weakness that has characterised the residential and commercial construction slump in the past couple of years,' he said.

House building was the strongest sub-sector, at 57.5, but its rate of expansion had moderated in line with slower growth in new orders in January.

Engineering construction recovered from the drop reported in December, while apartment building contracted sharply and commercial construction slipped from the slight expansion recorded in December.

Housing Industry Association senior economist Shane Garrett said new dwelling construction was needed to prop up the economy as mining slows.

See the original post:
Aust building industry slumps

Syracuse, N.Y. Hotelier Norm Swanson is planning to build a five-story, 100-unit apartment building next to his Hotel Skyler on University Hill.

Skyler Commons will be built on what is currently a parking lot at 908 Harrison St., just east of the 58-room Hotel Skyler.

Swanson said he expects to begin construction in July. The apartments, which all will be one-bedroom units, will be available for lease early in the spring of 2015, he said.

The building will be clad in fiber cement panels with the main facades featuring projecting bays in vertical bands. The main entrance will feature a black metal roof matching the roof over the courtyard area attached to the Hotel Skyler next door.

Swanson expects many of the building's tenants to be Syracuse University students and people who work on University Hill. Monthly rents will be about $1,100, including all utilities and wireless Internet service, he said.

The property will have 55 parking spaces, including 30 in a basement garage. Swanson has applied to the city for zoning variances related to required parking, maximum height, density, and front and side yard setbacks.

Swanson opened the Hotel Skyler in 2011 in a building that was built in 1921 as Temple Adath Yeshurun and later served as the home of Salt City Theatre. It is the only hotel in Syracuse that meets the U.S. Green Building Council's Leadership in Energy and Environmental Design platinum standards.

The hotel, which is named after his grandson, is Swanson's third in Syracuse. The other two are the Genesee Grande and the Parkview Hotel, both on East Genesee Street.

Contact Rick Moriarty at rmoriarty@syracuse.com or (315) 470-3148. Follow him on Twitter @RickMoriartyCNY and on Facebook at rick.moriarty.92.

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100-unit apartment building planned next to Syracuse's Hotel Skyler

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