Home Builder Developer - Interior Renovation and Design
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April 20, 2017 by
Mr HomeBuilder
K&E Distributing recently held their annual Dealer/Installer meeting at The Stoney Creek Conference Center in Johnston, Iowa. Three contractors were recognized for their sales and installation excellence. This year Local heating and cooling professional Southern Iowa Heating and Cooling of Centerville, Iowa was ranked No. 1 and awarded the prestigious Diamond award for their 2016 sales efforts.
Sales volume, professional installations, service methods, customer satisfaction, and overall excellence are all factors used to determine the areas top three annual award winners. Jesse Fagen, owner of Southern Iowa Heating and Cooling of Centerville, Iowa, was selected for their continuing performance as a regional leader and installer of GeoStar geothermal.
We are delighted to receive this award, which is a testament to the hard work of our employees and their commitment to the comfort of our customers, said Fagen, Owner of Southern Iowa Heating & Cooling). It is exciting to watch not only our geothermal sales continue to grow, but to see the increased awareness and acceptance of the most efficient heating and cooling technology available. We appreciate the fact that GeoStar recognizes our efforts and our achievements.
Southern Iowa Heating & Cooling began selling GeoStar geothermal products in 2014 and has watched that portion of their business grow as interest in geothermal energy has increased. Geothermal systems tap the free, completely renewable, unlimited supply of solar energy stored just a few feet below the Earths surface and use that energy to drive heating and cooling systems in both residential and commercial buildings.
Southern Iowa Heating and Cooling is a local, familyowned and operated company specializing in residential comfort system and light commercial HVAC with over 15 years experience in the industry in service, installation, manufacturers rep, customer service and system design.
GeoStar is WaterFurnace Internationals brand for wholesale distributors and a leading manufacturer of residential and commercial geothermal heat pumps. Although It started with geothermal, GeoStar has worked in recent years to expand their portfolio of clean and sustainable solutions. GeoStar is manufactured in the US and is based in Fort Wayne, Indiana.
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Southern Iowa Heating and Cooling receives Diamond award - Centerville Daily Iowegian
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April 20, 2017 by
Mr HomeBuilder
SPRINGFIELD, Mo. (KSPR) -- The family of a couple from Springfield who died in their home from carbon monoxide poisoning filed a wrongful death lawsuit.
Dwaine and Judith Crigger died in their home last July. The medical examiner found lethal levels of carbon monoxide in their systems.
Experts say the number one way to prevent this type of death is with a carbon monoxide smoke detector. It's also recommended to have a regular inspection of your hot water heater.
"Check them over once a year, flush them out, that's a good idea because sediment builds up in them from the calcium in the water," said David Brammell.
Brammell is the plumbing manager at Air Services Heating and Cooling, and All Service Plumbing in Springfield. Brammell says, during those annual inspections, they often find some of the same problems.
"The obstruction is a bird's nest, or a dirt dauber nest, or a tree falls on the roof and crushes the wind cap. If you're not venting correctly there's a little sensor down here," Brammell said.
Inspectors blame a faulty hot water heater for a carbon monoxide leak in July 2016 that killed the Criggers.
The lawsuit shows the Crigger family claims 11 points of negligence against another company: DeLong Plumbing, Heating and Air of Springfield. According to the lawsuit, DeLong was negligent in installing and maintaining the Criggers' hot water heater and venting system.
Among the allegations in the lawsuit: DeLong was negligent in the installation of the heater back in 2000, and in the regular inspections up through December 2015. The lawsuit claims DeLong failed to use screws at any joint or fitting of the vent connector, the connector was too short, the company failed to install proper supports, failed to obtain proper permits, and failed to detect and warn the Criggers of a problem.
KSPR tried to contact the family's attorney in Springfield, as well as DeLong Plumbing, Heating, and Air for comment, but we have not received return calls.
In the wrongful death lawsuit, the Crigger family requests a jury trial against DeLong Plumbing, Heating and Air for "reckless and willful misconduct" for the deaths of the Criggers.
Experts say other ways you can protect yourself and your family from carbon monoxide poisoning: don't use an oven to heat your home, and keep your vents and flues free of debris, which can block ventilation.
According to the CDC, about 430 people in the United States die every year from accidental carbon monoxide poisoning.
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Family sues for couple's deaths from carbon monoxide in Springfield - KSPR
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April 20, 2017 by
Mr HomeBuilder
Category
Heating and Cooling - Install | Comments Off on These 10 Home Cutting-Edge Solutions Can Save You Thousands Of Dollars Every Year – Forbes
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April 20, 2017 by
Mr HomeBuilder
(BPT) - What would you rather do: Pay your utility bill or take a much-deserved vacation? With an endless stream of bills each month, you might wonder where you can find the money to jet off to the beach or mountain resort of your dreams. Read on for the solution.
The average U.S. household spends more than $2,200 yearly on energy bills, with about half of that for heating and cooling, according to the U.S. Department of Energy (DOE). As a large portion of that energy is wasted, making your home more energy efficient will pay big dividends.
With only a couple weekends of work, these three simple low-cost DIY projects can significantly reduce your home heating and cooling costs, freeing up money year after year so you can take vacations or do other fun activities. Best of all, the three actions work together to not only reduce your utility bills, but to make your home more comfortable year-round.
1. Add insulation
Chances are your home lacks sufficient insulation, despite when it was built. Some 90 percent of U.S. homes are under-insulated, reports the North American Insulation Manufacturers Association (NAIMA). Fortunately, adding insulation is simple, with products readily available at your local home improvement store.
One of the most cost-effective and easiest types of insulation to work with is expanded polystyrene (EPS) rigid foam boards. EPS panels are simple to cut to size without creating a mess, are recyclable and can be installed throughout your home, including in walls, floors, ceilings and foundation walls. A similar material, graphite polystyrene (GPS), also is easy to work with, and provides even higher insulating power, according to manufacturers. One of the EPS and GPS brands available at home improvement stores such as Home Depot and Lowes is R-Tech insulation from Insulfoam. R-Tech EPS and GPS insulations offer some of the highest insulating power per dollar, says Michael McAuley, Insulfoam general manager.
2. Seal air leaks
While inadequate insulation allows heat to pass out of your home in winter or to come in during summer, another path for energy loss is air leaks. Insulating your home and sealing air leaks can save you up to 20 percent on home heating and cooling costs, notes the DOE. Common places to look for leaks include attic access hatches, around windows and doors and in crawl spaces. Readily available weather stripping, caulks and spray foams can help keep your home airtight. For step-by-step instructions, consult the U.S. Environmental Protection Agencys DIY Guide to Sealing and Insulating with ENERGY STAR."
3. Install a programmable thermostat
With your newly insulated and sealed home, a third step you can take to cut energy bills is to install a programmable thermostat. Todays sophisticated thermostats enable you to better manage your furnace when youll be away from home at work or to lower the setting when youre already in your warm bed. Either way, automatically turning down the heat can save you up to $180 every year in energy costs, says the DOE. Thats enough for a one-night hotel stay or a fancy dinner out.
These three utility bill-busting tips are within the skill set of many homeowners, but if you want a little extra help, hiring a contractor is also cost effective, as these are not large projects.
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3 ways to quickly and economically save big bucks on home heating and cooling costs - Mcrecordonline
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Heating and Cooling - Install | Comments Off on 3 ways to quickly and economically save big bucks on home heating and cooling costs – Mcrecordonline
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April 20, 2017 by
Mr HomeBuilder
Is your existing kitchen falling apart? Would you like to increase the value of your home? Or do you simply love to cook and have always wanted a beautiful, more functional kitchen?
The fact is people enjoy their home more when they have new kitchen remodeling done. They are proud to have friends and family over more frequently and enjoy cooking far more often when the kitchen works better because it has been professionally designed.
Unlike other kitchen remodelingcontractors who make you do most of the legwork, we go the extra mile to make it easier on you. We respect that you have a busy schedule. Simple things that make us different include bringing cabinet and countertop samples directly to your home so that you can choose your styles and patterns in the comfort of your own home instead of having to travel all over Pennsylvania to make selections.
Right from the start, well meet with you and provide design expertise as we listen and incorporate your needs and expectations.
Once we get started, your complete kitchen remodel will be completed on schedule. How can we do this?
Communication throughout the kitchen remodelingdesign and installation process ensures that you will be satisfied. And by using only the most professional, quality carpenters and installers for your kitchen, we eliminate problems before they create the delays and issues common among many other contractors without our experience.
American Home Concepts is your company forkitchen renovations, kitchen remodeling and kitchen installations in Philadelphia, Montgomery and Bucks counties Pennsylvania.
We also do BathroomRemodeling, Installation& Renovations, Window Replacement & Installation, along with other Home Remodeling services.
Setup a Free Consultation Here or go ahead and tour our gallery to see some of our recent kitchen remodeling in your area.
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Kitchen Remodeling Company in Philadelphia | American Home ...
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Kitchen Remodeling | Comments Off on Kitchen Remodeling Company in Philadelphia | American Home …
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April 20, 2017 by
Mr HomeBuilder
Remodeling or completely renovating a kitchen can be a big task, but it also has the best return on investment of any home improvement.
But these improvements don't come cheap. A 2013 U.S. Census Bureau report noted the cost of an average kitchen remodel was $5,000, with the price tag for complete renovation at $27,353.
Given these costs, remodeling experts say there are ways to save in order to have money to splurge on key items.
Begin with a detailed floor plan, said Ariel Darmoni, managing partner at 123 Remodeling, a general contractor firm which was featured in Houzz and on HGTV.
RELATED: TRENDING LIFE & STYLE NEWS THIS HOUR
"It's going to be so much more if you don't have a floor plan that works for you because making changes later costs more. You can also save money if you don't have to move plumbing and electric, even if you're taking down walls," he said.
Don't skimp on important life-safety improvements like mold remediation and ventilation, said Beverley Kruskol, owner of M.Y. Pacific Building, a general contractor who has worked with high-end renovations, including for Mario Batali's restaurants in Los Angeles.
Tile, flooring and lighting can be both economical and beautiful, Kruskol said.
"Tile is a great place to save money. There are thousands of styles, and they're so amazing," she said.
Porcelain and ceramic tiles can be used on both floor and in kitchen backsplashes, said Suzanne Falk of Suzanne Falk Interior Design, a ghost designer on HGTV's "Kitchen Crashers."
Tile is cheaper than hardwood flooring, and Darmoni prefers tile floors in kitchens because wood floors can be easily damaged by water leaks from dishwashers.
Big-box retailers sell attractive tiles for a fraction of the cost versus what's sold at designer showrooms, Falk said. For people who have their heart set on high-end tile, she recommended highlighting it in a specific area, like in a backsplash around the range, and then framing it with subway tiles, which Falk said are her "go-to" tiles.
Distinctive, affordable lighting options are available at retail stores versus paying up at a showroom, they said.
"Compared to what was available four or five years ago, you can get beautiful lamps at a fraction of the cost," Kruskol said.
Choose a nicer faucet over a sink, Darmoni said, but look at the faucet construction. Better-made faucets have durable metal cartridges inside, which are the valves that turn on the water and mix temperatures.
High-end appliances might be a worthy splurge; however, Kruskol said homeowners should think about how they use them and how long they'll be in the home.
"If you're in a condo, I don't think you need to spend the money to get a Wolf range, but it depends on your lifestyle," she said.
Homeowners who aren't doing a gut rehab and really are scrimping can get new doors and hardware for their existing cabinets, Kruskol said, which can quickly update the look. Even refinishing existing doors can refresh a tired kitchen.
The two areas worth a splurge are cabinets and countertops, they said. Consider stepping up to semi-custom cabinets from a local cabinet supplier and avoiding the big-box retailer.
Working with a local cabinet supplier to design creative storage can help eliminate a lot of the wasted space in kitchens, Kruskol said. Upgrades like pull-out shelves and Lazy Susans are useful, but Falk warned about getting carried away with other costly upgrades like appliance garages and built-in spice drawers. These can look nice but may not be practical, she added.
Another benefit to using semi-custom cabinets is they can be designed to fit a home's inevitable imperfections in a way prefabricated cabinets can't, said Darmoni and Falk.
All three said consider upgrading to natural stone countertops versus manufactured styles. Not only do they look beautiful, but they will last for years. Granite has always been popular, but high-end materials like quartz and quartzite are becoming affordable.
The one stone they don't recommend for kitchens is marble.
"It's porous and stains easily. For instance, if you put a coffee cup on it, it gets a ring that doesn't go away," Kruskol said.
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Where to save, where to splurge in kitchen remodel - Chicago Tribune - Chicago Tribune
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Kitchen Remodeling | Comments Off on Where to save, where to splurge in kitchen remodel – Chicago Tribune – Chicago Tribune
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April 20, 2017 by
Mr HomeBuilder
Engineering | News releases | Research | Technology | UW and the community
April 20, 2017
A University of Washington-led research group has taken an important step toward measuring and ultimately reducing the global carbon footprint of building construction and long-term maintenance.
The Carbon Leadership Forum is a collaborative effort among academics and industry professionals based in the UWs College of Built Environments that studies reducing carbon emissions over a buildings entire period of use, or life cycle.
There is growing recognition in the building industry of the need to track carbon emissions across a buildings full life cycle, said Kate Simonen, architect, structural engineer and UW associate professor of architecture, who leads the carbon forum. But she said industry professionals need better information and guidance on how to implement low-carbon method in practice.
More on the Embodied Carbon Benchmark Study:
The forum took a step in this direction in December by publishing the results of its Embodied Carbon Benchmark Study. Embodied carbon is the name for all carbon emissions that occur when extracting, manufacturing and installing building materials. The study employs a process called Life Cycle Assessment LCA for short to measure embodied carbon emissions in buildings. Simonen wrote a book on the subject in 2014.
The benchmark study provides data to building industry professionals so they can include study of embodied carbon into their decision making. It includes the largest known interactive database of building-embodied carbon with information on more than 1,000 buildings. The report also provides a foundation for the next stage of the project, the development of a Life Cycle Assessment Practice Guide, due by the end of 2017.
Manufacturing materials and constructing buildings results in significant energy use and carbon impact, said Simonen. This research helps us answer questions such as: Is this a high (or low) carbon building? Which material choices or building systems lead to lower carbon solutions? How significant are green design choices?
To place construction-related carbon emissions in real-world perspective, Simonen added: Construction alone of a single low embodied carbon office building could save 30 million kilograms, or 33,000 tons, in carbon emissions the emissions equivalent of avoiding driving a car around the Earth 3,000 times.
This benchmarking stage follows the Carbon Leadership Forum work in 2012 to create one of the first sets of product category rules for reporting the environmental footprint of concrete, enabling concrete producers to more accurately report on their products carbon emissions. These standards have been used by the top six concrete producers in the United States to inform their selection of concrete mixes.
In the design phase, our data enables architects and engineers to use carbon, and other environmental impacts, as a performance criteria in addition to common criteria such as cost and strength, when specifying and selecting concrete, Simonen said.
To meet the goals of the Paris Agreement on climate, global carbon emissions must peak by the year 2020 and fossil fuels be eliminated entirely by 2050.
TheEmbodied Carbon Benchmark Studyis the first stage of the ongoing project called LCA for Low Carbon Construction, and was funded by the Charles Pankow Foundation, Skanska USA and the Oregon Department of Environmental Quality.
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For more information, contact Simonen at 206-685-7282 or ksimonen@uw.edu
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Toward greener construction: UW professor leads group setting benchmarks for carbon across life of buildings - UW Today
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Office Building Construction | Comments Off on Toward greener construction: UW professor leads group setting benchmarks for carbon across life of buildings – UW Today
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April 20, 2017 by
Mr HomeBuilder
Exterior of the T3 building in Minneapolis.
Hines is widely known for building glass and steel skyscrapers across the globe. So, it would seem that the developer is going a bit against the grain in its latest endeavor with a boutique office property in Minneapolis made largely of wood.
The new 225,000-square-foot (21,000 sq m) T3 office building is being touted as the largest mass timber building in the United States to be constructed in recent history. The project, which was completed at the end of November, is located in the trendy North Loop neighborhood directly adjacent to Minneapoliss central business district (CBD). The use of wood componentsmainly glulam (glue-laminated timber) and nail-laminated timberis apparent throughout the building in its ceiling, floors, columns, and beams.
The big idea behind the building on the architectural side was to take the structural base material and have it as the finished product as well, says Bob Pfefferle, director of Hines Minneapolis. The building also emphasized sustainability throughout and has achieved Gold Leadership in Energy and Environmental Design (LEED) status.
One of the factors driving the renewed interest in timber construction is the sustainable component and the use of a renewable resource as a core building material. For example, the 180,000 cubic feet (5,100 cubic m) of wood used to build T3 can be grown in North American forests in less than 15 minutes, notes Stephen J. Cavanaugh, design leader and principal at DLR Group in Chicago. The project was designed by Vancouver-based Michael Green Architecture (MGA) in conjunction with DLR Group as the architect of record.
While everyone is familiar with wood, using it on this scale is new and different, says Cavanaugh. The other key thing that T3 shows is that timber also can be economically viable for large-scale construction, he adds.
An unfinished floor in the T3 building.
Timber, Transit, and Tech
Timber is clearly the star of the show in the new building. It is a new approach to office, says Sam Maguire, a vice president at JLL in Minneapolis. It takes many of the same characteristics that people love about the historic warehouse district and the North Loop neighborhood and modernizes them with efficiencies and amenities that companies want to attract and retain workers in todays market, he adds. JLL is working with Hines as the leasing agent at the property.
Another goal for the project was to create a building that is ahead of its time in terms of technology, Maguire adds. For example, the building incorporated a cellphone booster system that enhances signal and connectivity throughout the building, whether people are parking their car below grade, in an elevator cab, or on the rooftop deck. That boost technology extends the battery life of devices and allows people to work on the fly wherever they are within the building, he says.
Transit is another key component of the project. The building is located about one block from Target Field Station, which is a major transit hub for light-rail transit, commuter rail, and metro buses. The building also has direct access to the Minneapolis skyway, an indoor walkway system that connects many of the buildings in the Minneapolis CBD, as well as having direct access to the Cedar Lake Trail bike and walking path.
It was that access to transit that first got Hines interested in the T3 site back in 2006. At that time, the North Loop was just started to gain traction as a new up-and-coming urban neighborhood adjacent to the CBD with condo and apartment development, chef-driven restaurants, and plans for the addition of the new bike trail. Talk of building a new Major League Baseball stadium in the area for the Minnesota Twins had been ongoing for about a decade. However, what really piqued Hiness interest was a plan to expand light rail and commuter lines to the neighborhood.
Target Field opened in 2010 and Target Field Station opened in 2014. Currently, the transit station has light-rail connections to Mall of America, the MinneapolisSaint Paul International Airport, and Saint Paul, with additional expansion lines that will be added to Eden Prairie in the south metro area. Were very excited about that and just benefiting from being near the center of the wheel-and-spoke public transit hub that is emerging, Maguire says.
A furnished office space.
Demand for Creative Space
Hines took some cues from the multifamily sector to create a live/work/play lifestyle for building occupants. T3 features ground-floor retail space as well as social and collaborative space, indoor bike parking, locker rooms, and a fitness center for building tenants. The upper floors are devoted to office, and the building also features a rooftop deck and underground parking with about 65 stalls.
Hines broke ground on the project as a fully speculative project. We knew going into it that there was a good likelihood that we may not get any of it leased prior, and if we wait for it to get pre-leased we may never break ground or we lose potential to be first in, says Pfefferle.
That lead has helped speed lease-up, including a reported deal with Amazon to lease the top two floors. The building has two small retail spaces left to lease on the ground floor and less than 15,000 square feet (1,400 sq m) of office space available. Everybody liked the idea, but once people could touch it and feel it and walk through the building to see what it was all about, that is when leasing took off, Pfefferle says.
And modern timber construction appears to have a growing following in both the public and private sectors. For example, construction was completed in January on the 87,500-square-foot (8,100 sq m) Design Building at University of Massachusetts at Amherst. The $52 million project was built as a demonstration project for wood structures. Timber construction also is gaining momentum in Europe; and in Australia, Lendlease kicked off a new 160,000-square-foot (14,900 sq m) timber office project in Brisbane.
Hines also is moving forward with additional timber office buildings. At present, the developer has five new timber office projects in various stages of development in the United States, including projects that have been announced in Chicago and Atlanta. So, the idea is very much in play in other markets, notes Pfefferle.
Link:
Hines' T3 Office Is Another Step Forward for Timber Construction - Urban Land
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April 20, 2017 by
Mr HomeBuilder
Construction trucks lined up Wednesday for an intricately timed dance of delivering tons of cement for Pleasant Groves Grove Tower office building.
Despite weather delays, the crews were there Wednesday afternoon to pour the footings and foundation for the 192,000 square foot office space set to go vertical just near the northbound Interstate 15 freeway onramp and Pleasant Grove Boulevard. The building will be six stories tall, and will be able to house about 1,200 employees.
It is the largest multi-tenanted office building between Provo and Sandy, said Daniel Thomas, regional partner for St. John Properties. St. John is the development company behind the 65-acre Valley Grove development project that will eventually house almost 25 other buildings in addition to the Grove Tower.
The project brings an estimated $250 million investment into Pleasant Grove and will include one million more square feet of various types of office and retail space.
We are thrilled with the investment St. John Properties is making in the gateway of our city. The Grove Tower represents the breadth, depth, and quality of their company as much as the development they are building, said Pleasant Grove Mayor Mike Daniels. The project firmly establishes Pleasant Grove as the business center of the valley.
Thomas agreed that the site is a prime spot for this development, as it sits in the heart of Utah County, with unparalleled access. Instructure, an education company, has expanded into Utah County, and is already signed on to take the top two floors of the Grove Tower. Thomas cant share specifics on other tenants, but hes been excited about others who are coming in as well.
Were finding financial users, medical users and real estate. Pleasant Grove is a great location for a diverse group of businesses, Thomas said. Were serving more than just the tech community.
The project started with two low-slung buildings that Thomas calls the show row, fronting the corner of one of the busiest intersections in Pleasant Grove. Thomas said that office space allows users to have highly visible signage and direct access to their offices from the highly traveled Pleasant Grove Boulevard and North County Boulevard.
Though it will have less signage opportunities, the Grove Tower will have unobstructed 360-degree views of the valley from its floor-to-ceiling windows.
You put windows 100 feet in the air and the view will be incredible, Thomas said.
As with many of the buildings in the Valley Grove project, the Grove Tower is LEED designed, though it adds more than a million dollars to the construction costs. Thomas said there may not be a lot of economic benefit initially to a more energy efficient building, but it will lower the operating costs for tenants to the tune of almost 20 percent. St. John engineers estimate the Valley Grove project as a whole will consume 39 percent less energy, 12 percent less water and 35 percent less greenhouse gas emissions.
Were looking at the building and economic impact over 40 years. We hope were helping to solve some of the smog and air quality problem, Thomas said. We are building a legacy project in the heart of the county. This is a project that will stand for decades, and will be a critical part of the community and fabric of Pleasant Grove.
The footings and foundation for the Grove Tower started Wednesday, with steel erection planned for May. Thomas said he expects the first tenants to move into the Grove Tower in January.
Karissa Neely reports on Business & North County events, and can be reached at (801) 344-2537 or kneely@heraldextra.com. Follow her on Twitter: @DHKarissaNeely
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Pleasant Grove's Valley Grove project heads vertical - Daily Herald
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April 20, 2017 by
Mr HomeBuilder
WeWork made its name renting shared office spaces to startups and other small companies in trendy buildings with fruit water and ping-pong tables. But in a bid to lure larger and more mature clients, WeWork is testing a new business proposition: offices for companies that, when it comes to the workplace, dont actually want to share.
In recent months, WeWork has begun providing design, construction, and management services to enterprise clients who want a workplace with the companys signature amenities and flair, but would rather pay WeWork to customize their space than lease one of its shared offices.
What were seeing is that large companies want to be small, Dave Fano, WeWorks chief product officer, told press at a breakfast in downtown Manhattan this morning. What they really want is that space as a service, he added, riffing on software as a service (SaaS), a popular bit of jargon in the tech industry to describe software thats licensed on a subscription basis rather than owned. Community managers, fruit water, coffeethey get the full experience.
WeWork decided to test an enterprise option after noticing that several companies had booked entire floors in its existing locations, effectively carving out their own offices. WeWork currently has 30 floors among its more than 135 locations that are rented out by single clients, or members. It has five buildings with only one or two occupants. One of them, an unnamed company in Chicago, reduced its leased space to two floors from three with WeWorks assistance. Real estate site The Real Deal also reported this afternoon that IBM has inked a deal for all eight floors occupied by WeWork in a building near Manhattans Union Square, and is set to move 600 employees to the space.
WeWork has always been deeply involved in the design and management of its office buildings. The offices have a purposeful Silicon Valley vibe, with glass walls, wood-paneled floors, and industrial accents. Theyre designed to create a sense of community, a popular WeWork talking point, but also to be maximally efficient. Weve thought obsessively about the right dimensions for a conference room, Fano joked. The company recently received a $300 million investment from Japans SoftBank and is valued at more than $17 billion.
That valuation is largely tied to WeWorks ability to brand itself as more than just another property management firm. As the company takes on a more obvious design and development role, its wary of being labeled a glorified facilities manager. Were not ever just going to do design and construction services, thats not for us, Fano said. What we really want to do is reinvigorate the culture.
He added that WeWork isnt focused on making a profit on development work it does for corporate clients. We dont want to make money on that, he said. We dont want to lose money on that, but were really just letting them leverage our design and construction.
A lot of the details still need to be hashed out. For now, WeWork is thinking about custom builds and on-site services for companies with 50,000 to 60,000 square feet and at least 1,000 employees. It would also aim to sign these clients to three- to five-year contracts. Thats a much greater commitment than WeWork asks from its typical member, who can rent a desk or office month-to-month. A rotating hot desk starts at $220 a month and a private office at $400 a month. WeWork leases and refurbishes its properties, but doesnt actually own them.
WeWork believes theres a market for space as a service among companies that aspire to be more startup-like, even if they dont want to share their workplace. Companies are looking to be asset-light and commitment-free, so that they can be nimble, Fano said. Space is the full environment. Its experience as a service, culture as a service. And we see all of those as a subset of the space.
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Shared office evangelist WeWork is now designing private offices - Quartz
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