Home Builder Developer - Interior Renovation and Design
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February 13, 2017 by
Mr HomeBuilder
Monday, February 13, 2017 at 8 a.m.
Who is ready for baseball season to start?
John Royal
Its that most wonderful time of the year. That time when everything is possible. When every team is still in contention for the pennant. Its the start of spring training. Pitchers and catchers are reporting to camp and the time for being jaded and cynical is still far into the future or at least until April.
Baseball starts in February, goes to the end of October and at times feels endless. Its a sport that can be slow to change, and when it does change, those changes are argued about forever witness the seemingly never-ending arguments surrounding the designated hitter and whether the National League will ever fall in line with the rest of organized baseball and stop making the pitcher bat. Traditionalists are still upset about the use of shifts and advanced statistics.
But once an actual game is underway, all of that is forgotten. Baseball then becomes about the perfect placement of the pitch, the sound of the bat connecting with the ball, a third baseman diving to nab a shot down the line. Of course, with the proper use of shifting, theres no need for the third-baseman dive, and the smart batter, aware of the shift, will work to take a walk or lay down a bunt.
Major League Baseball is still experimenting with some ideas as spring training gets underway. The lower minors have been trying out pitch clocks in a way to speed up the game. And now the league is going to have the minors try a new way to handle extra innings. The plan is that once a game hits extras, a runner will be placed on second base to start the inning the thinking being that a runner on base makes it easier to score a run. But some of the great Astros regular season games of all time involve extra innings, such as those Saturday and Sunday games against the Dodgers in 1989 that saw games go 22 and 13 innings on back-to-back days.
None of that would affect the Astros. But there will be some changes at Minute Maid Park. Tals Hill is no more. The centerfield fence has been moved in, there will be new bars and restaurants added in what used to be the hill area, and there will be some additional seating though its doubtful that the average fan will be able to afford those seats.
The team reports to camp on Wednesday at a brand-new location in West Palm Beach, Florida, to a brand-new training facility the team will share with the Washington Nationals. And with the reporting to the brand-new complex comes a deserved sense of optimism that this team is a good team. Its not just good because its spring and the games havent started and every guy looks like a future Hall of Famer or because Sports Illustrated predicted the Astros would win the World Series this season.
This isnt the Astros squad of the final Drayton McLane years. This team hasnt been stripped of talent, the farm system drained by bad drafting. This Astros team is perhaps stocked with more talent in the non-pitching positions than any other team in club history. Jose Altuve, George Springer and Carlos Correa have another year of experience and have continued improving each season. Guys like Alex Bregman and Yulieski Gurriel showed immense promise last season. And the additions to the team of Josh Reddick, Carlos Beltran and Brian McCann shored up the outfield, DH and catching positions.
Not everything is perfect around the Astros, though. The only addition to the starting rotation is Charlie Morton, a so-so pitcher with injury issues. The team is also hoping that Dallas Keuchel will be healthy and return to the form he used to be one of the best pitchers in baseball (and a Cy Young winner), and the team hopes that Lance McCullers can make it through the season without injury and develop into the ace the team believes he can be.
But lets not focus on the imperfections. Its the spring, the games have yet to be played and every team is still in contention. Especially the Houston Astros who are projected to finish the 2017 season with the best record in the American League.
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As Spring Training Begins, Major Leagues Mull New Rule Changes - Houston Press
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February 13, 2017 by
Mr HomeBuilder
The first tenants in downtown's 777 Main apartment tower moved in 20 months ago, and now the building is 95 percent leased.
But the place, surrounded by scaffolding on street level, still looks like a construction zone.
The staging hasn't been removed because the developer confirmed he is replacing "hundreds" of the original 1,900 windows in the tower damaged during the $85 million conversion of the former bank building into rentals. And the troubles are tangled up in long-running legal wrangling between the apartment developer and the general contractor over who is responsible and who should pay for the new windows.
"We've left up the scaffolding as an extra precaution," Bruce Becker, the project's Fairfield-based developer, said. "I don't like having it there. But safety has to be the priority."
The scaffolding obscures the storefront of Blue State Coffee, which opened in September, 2015, just a few months after the first tenants moved into the tower.
The staging has hurt the cafe's visibility and its goal of becoming part of the community, said Carolyn Greenspan, Blue State's chief executive.
"We do think it's an issue," Greenspan said. "It's not helping to let people know that we are there. It's not welcoming the way we want to be with the scaffolding there."
And you can't see that CVS is outfitting a space in another space on the ground floor.
In the apartments above, window replacement started in November and has been done mostly as apartments have turned over to new tenants. If tenants were in the middle of a lease, they were relocated to a furnished apartment elsewhere in the tower.
The east and south faces of the 26-story building are the priority, Becker said, because that's where the scaffolding is set up. Becker hopes the staging will be removed by late spring.
"I do look forward to it being gone by the warmer months," Nick Addamo, an urban planner who has rented an apartment in the building since October, said. "It will be nice to have the block back."
The 286-unit apartment building is the largest downtown rental development tackled so far by the Capital Region Development Authority, using taxpayer-subsidized loans and equity investments. Of the $85 million development and construction costs at 777 Main, CRDA committed a $10.2 million loan and a $7.5 million equity investment.
Becker said he is close to a settlement with the contractor, Viking Construction of Bridgeport and one of its subcontractors, Armani Restoration of Hartford. The settlement will help speed up the window replacement, but it won't cover all the costs of the new windows. The settlement is expected to be paid for by insurance carriers for Viking and Armani, Becker said.
Becker declined to discuss the terms of the settlement. He said the total number of windows to be replaced must still be determined.
Attorneys for Viking and Armani declined to comment for this story.
Becker said each window cost less than $1,000, but that does not include installation.
Becker said the damage to the 9-foot high windows original to the 1967 structure occurred after Viking hired Armani to clean the building's facade. Becker said the glass became "pitted" around the edges, compromising the views from the windows and their strength.
Under most weather conditions, Becker said the damage to the windows wouldn't present a safety problem. But if, say, a hurricane struck, the damage could cause a window to break, he said.
Becker said the exterior damage to the windows was separate from windows that broke during construction. Viking in court documents blamed that on the installation of interior storm windows designed to further insulate against heat and cold, a contention disputed by Becker.
Soon after the first residents started moving into 777 Main in June, 2015, a portion of the scaffolding along Main Street was removed. But days later, a shard of glass from a window on the sixth floor plunged to the sidewalk below. No one was hurt, but the staging was put back in place.
Although Addamo said he won't miss the scaffolding, it has had its benefits in bad weather this winter.
"I've actually been a little thankful for it in the rain and snow," Addamo said.
Read more:
Hundreds Of New Windows Needed At Hartford Apartment Tower - Hartford Courant
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Window Replacement | Comments Off on Hundreds Of New Windows Needed At Hartford Apartment Tower – Hartford Courant
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February 13, 2017 by
Mr HomeBuilder
Submit the press release
Worry-Free 24-Hour Emergency HVAC Services
Have you experienced waking up in the middle of the night, feeling cold and realizing that your furnace is not working? This is one of the situations that Smile Heating & Cooling Inc. does not want their clients to experience. By installing only trusted HVAC equipment brands, they guarantee remarkable services to all their clients.
Smile Heating & Cooling Inc. (http://www.smile-hvac.ca/) is a heating and plumbing business that has professional and friendly technicians who consider their clients interest first.
Since furnaces and heaters are among the most important equipment at home during the winter season, their technicians recommend what they only think is the best brand to use. They offer the best brands of air conditioners to help clients stay cool and comfortable during the summer season. They also install other brands their clients prefer to use since the company is not attached to any specific brands. In addition to installing furnaces and air conditioners, they also install other types of quality HVAC equipment including garage heaters, humidifiers, and more.
Smile Heating & Cooling Inc. offers in-home technical adviser visit to make sure the chosen equipment suit their clients need. In that way, they ensure their clients satisfaction. They also offer a great solution for clients who hate surprise broken equipment repair fees called Smile Protection Plan. With this plan, clients get equipment repair and maintenance with free emergency calls at a reasonable monthly rate. Also, with their straight level pricing, they provide their clients upfront pricing without the annoying extra hidden charges. They also offer rental program where customers dont need to pay for the HVAC equipment and installation.
About Smile Heating & Cooling Incorporated
Smile Heating & Cooling Inc. (http://www.smile-hvac.ca/) is among the Reginas most recognized HVAC companies that provide worry-free and exceptional services to a variety of clients. Established by a skilled and experienced HVAC professional who has built great relationship and recognition for years, the company continues to put smiles on their partners and clients faces. This company has a fully trained and licensed team of HVAC technicians who gives easier solution to their clients cooling and heating issues. This licensed and insured companys list of services also includes furnace cleaning and inspection, water heater and HRV installation, and more.
Media Contact Company Name: Smile Heating & Cooling Inc. Contact Person: Genadi Kahanovich Email: Send Email Phone: (306) 531-9151 Address:2625 Cameron Street City: Regina State: Saskatchewan Country: Canada Website: http://www.smile-hvac.ca/
See the article here:
Emergency HVAC Service in Regina from Smile Heating & Cooling Services - Satellite PR News (press release)
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Heating and Cooling - Install | Comments Off on Emergency HVAC Service in Regina from Smile Heating & Cooling Services – Satellite PR News (press release)
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February 13, 2017 by
Mr HomeBuilder
(ANGIE'S LIST) - No matter where you live or the season, there's no bigger energy user in your home than your heating and cooling system. This Angie's List report focuses on an efficiency investment you can barely see, but will feel in your wallet every time you pay a power bill.
"Window film will be a much better option in terms of improving the performance and matching the performance of a new replacement window, typically a fifth the cost of going through the replacement of those windows," says Angies List founder Angie Hicks.
Homeowner Jay Dunbar said he earned his investment in window film back in energy savings within three years and resolved an issue of uneven temperature in his house right away.
You can install window film yourself, but doing that could void your window warranty. Reputable pros will replace your warranty with their own. They'll also install the film without bubbles, which will prevent cracks or peeling later on. Some will even let you transfer the warranty if you sell your house.
"Only a few states actually require trade licenses for window film installers, so you want to do some additional homework to see their affiliations with different trade associations and also what kind of guarantee they have behind their work," says Hicks.
Window film offers more than energy efficiency. It shields you from the glare of sunlight, filters out potentially dangerous ultra violet light and even helps protect your furniture from fading from prolonged exposure to the sun.
See the original post here:
Window film helps you save big on heating costs - Kotatv
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February 13, 2017 by
Mr HomeBuilder
When contractors decide to offer a new brand of equipment or a new type of technology, they want to make sure the manufacturer will be there to support them. This support can include everything from channel-specific training classes to marketing materials to design and installation assistance to easy-to-use apps and software that can help facilitate the sales process.
When it comes to offering VRF systems, contractors are particularly interested in manufacturer support, because many are new to the technology. They want to make sure they have a steadfast partner that will be able to help them learn how to sell, design, install, and service the equipment as well as be available to answer any questions or concerns that might pop up in the field. VRF manufacturers understand these concerns and, as a result, offer a wide array of support services that are designed to help their contractors be successful.
Manufacturer support typically includes sales and technical help, so contractors can feel confident in both selling and designing VRF systems. To that end, Mitsubishi Electric offers design software, online resources, and extensive in-person training at its eight regional training centers across the country. For VRF, our in-person courses are offered at least once per week, and additional courses can be taken with our distributors and representatives, said Kevin Miskewicz, director of commercial marketing, Mitsubishi Electric US Inc. Cooling & Heating Division.
Mitsubishi Electric requires its contractors to meet all local and state compliance and licensing requirements and also encourages them to participate in its training courses to ensure they provide the best service possible. For example, the company offers a three-day CITY MULTI service course, which couples an in-depth functional study of the VRF system along with practical hands-on exercises associated with properly applying, installing, commissioning, and troubleshooting systems. We also offer CITY MULTI application courses and maintenance tool diagnostics courses as well as controls applications training, Diamond Designer training, and more, said Miskewicz.
As far as software is concerned, Mitsubishi Electric offers the Diamond System Builder, which allows specifiers to lay out and design commercial HVAC systems. It ensures that the system is properly designed within the required constraints and checks that the line lengths, maximum connected capacities, component selection, and control scheme are within the system requirements, noted Miskewicz. The software also generates AutoCAD schematics with wiring and piping diagrams to streamline the installation process.
Fujitsu General America Inc. also offers a tremendous amount of support to contractors, starting with its sales engineers, who are located regionally and can provide phone support, on-site start-up, troubleshooting, and commissioning. Technical service advisors (TSAs) are also available in each territory to help out with technical aspects of the VRF system. Online, Fujitsus Airstage VRF (and Halcyon) portal offers sales materials, such as catalogs, sell sheets, and mini brochures. It also has detailed technical resources, such as design and technical manuals, cut sheets, installation and operation manuals, and technical bulletins.
Contractors also have access to download our free design software, so that they may design systems from their office or at an appointment with a customer, said CJ Corbet, Southwest sales engineer, Fujitsu General America Inc. We also offer a variety of training courses, including portal-based instruction and one-day courses that can be conveniently taught at a contractors office or at one of our many regional training facilities.
In order to provide a more hands-on experience, Fujitsu recently opened its Airstage on Broadway, Fujitsu Generals Solution Center in New York City. The new 1,600-square foot location is designed to be a learning and sharing center where architects, engineers, building owners, contractors, energy consultants, and HVAC customers can come together to collaborate and share experiences. The showroom will also display a variety of Fujitsus commercial and residential heating and cooling systems.
Panasonic Corp. offers its VRF dealers support that can be accessed by phone, online, or in person. At its three training facilities, contractors and engineers can obtain free application and sales training, which includes the distribution of application software and instruction on how to use it. The design software is an essential part of eliminating risks ensuring that line set diameter and limitations are followed, said Malcolm Persaud, senior manager of commercial products, air conditioning group, Panasonic. That is why contractors should take advantage of the free training. Other opportunities include hands-on or web-based training that covers installation, commissioning, and service issues.
When installing a new product for the first time, there is always some degree of apprehension, but after obtaining the proper training, contractors will find VRF to be an installer-friendly technology, said Persaud. After one installation, most of the apprehension is removed. We have a program that guides contractors through the initial process, as it is also in our interest to ensure that we have great installations and operations.
For contractors new to VRF, there are two common mistakes that can occur during the installation process: refrigerant leaks and communication issues. Both can be avoided if contractors attend proper training, said Corbet. As we teach in class, proper refrigerant piping installation techniques are required for installation, and a broad overview of the communication systems are covered to eliminate most start-up errors. We also cover training on our computer-based service software, Service Tool, which helps identify specific errors in our Airstage VRF systems. I would recommend contractors take advantage of our free, one-day course and let us show how easy it is to install an Airstage VRF system and alleviate some of those concerns.
While VRF is easy to install in new buildings, it is especially easy to install in retrofit applications, said Miskewicz, as ductwork is limited or not required at all. Indoor units can be mounted just about anywhere on the ceiling, wall, floor, in a closet, or elsewhere. VRF has minimal impact on building exteriors, too, because outdoor condensing units are compact and light enough to be placed on rooftops without compromising buildings structural integrities. VRF systems are easy to handle, cost less to transport, and require only a 3-inch opening in the exterior of a building for the refrigerant lines and wiring to connect the outdoor units to the indoor units.
Manufacturers have a vested interest in making sure their products are designed, installed, and serviced properly, which is why they have devoted so many resources to sales and technical support. And while support is crucial for contractors just starting out with VRF, experienced contractors should take advantage of these opportunities, as well. Ongoing training is the best way for contractors to stay at the forefront of their field, said Miskewicz. With the rapidly changing landscape of HVAC and VRF technology, ongoing training will ultimately make a contractor more knowledgeable in the eyes of their customers.
Publication date: 2/13/2017
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VRF Manufacturers Provide Support | 2017-02-13 | ACHRNEWS - ACHR NEWS
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February 13, 2017 by
Mr HomeBuilder
Company Description
American Woodmark (NASDAQ: AMWD) is a manufacturer and distributor of kitchen cabinets for the remodeling and new home construction markets. The company offers approximately 500 cabinet lines, with 85 door designs in 21 colors, offering a wide range of products. Based in Virginia, the company serves customers through home centers, home builders, and independent dealers, while offering installation services through seven service centers located across the United States. (2016 Annual Report)
(click to enlarge) (Original Content, Data from AMWD Investor Relations)
The management team, led by CEO S. Cary Dunstan, has an average of 22 years of experience in a variety of industries. Since 2013, management has achieved significant growth in returns, highlighting the importance of skilled team. William Brandt, Jr., the company's original CEO, still owns 12% of the company, and 64% of employees own shares in the company - significant insider ownership like this is usually a sign of a healthy company, and ensures the firm's interests are aligned with shareholders.
Investment Thesis
The first reason to buy American Woodmark is to take advantage of these favorable trends - the housing market has grown at a CAGR of 12.3% since 2009, and has not yet breached the historical average, which is expected to occur next year in the wake of plentiful consumer credit and increased consumer confidence. (US Census Bureau) As the economy recovers, kitchen remodeling is a popular investment for consumers - it offers one of the best ROIs of any renovation at approx. 74-83%. (MoneySense)
(click to enlarge) (Original Content, Data from US Census Bureau)
The second reason to buy American Woodmark is its industry-best asset base and management team. Despite the fact that 40% of the company's assets are in the form of cash, it still achieved a 13.57% ROA last year, compared to a peer average of 7.43%. The company stepped up CapEx in recent years, growing it at a CAGR of 43.9% since 2012, and has invested in a pool of high-quality property, plant, and equipment, allowing it to outperform. Through management's skilled investment, the company achieved a ROIC of 21.47% compared to a 12.96% return from peers. (Bloomberg) This ROIC is well above AMWD's cost of capital, allowing the company to continue generating value long-term.
(click to enlarge) (Origianl Content, Data from Bloomberg Terminal)
Industry Outlook
In the US, the Cabinet Manufacturing sector has been recovering since the collapse of the housing market in 2008. After reaching a high of 1,800,000 starts in 2006, the market collapsed to 554,000 in 2009, and has yet to recover to the 50-year average of 1,442,000. The industry is expected to grow 2.3% in 2017 as renovation, which drives two-thirds of demand for cabinets, rises with increases in consumer confidence and a low rate of unemployment.
The competitive landscape is relatively fragmented; the three largest companies account for just 28% of revenue - the largest companies are Fortune Brands Home & Security (NYSE: FBHS)(15.4%), American Woodmark (6.6%), and Masco (NYSE: MAS) (6.3%). However, 80% of companies in the industry have fewer than 10 employees, and lack a distribution network necessary to expand and provide a credible threat to industry giants.
Valuation
Despite its peer outperformance, American Woodmark is trading at a significant discount most multiples. Peers are trading at 22x LTM Price/Earnings, while American Woodmark is trading at 19x, implying a 14% return. Peers are also trading at 11x LTM EBITDA, while American Woodmark is trading at 9x, implying a 16% return. (Bloomberg)
Catalysts and Risks
Catalysts
Risks
(click to enlarge) (Original Content, Data from Bloomberg Terminal)
Recommendation
My recommendation for American Woodmark is a BUY. The company is trading at $77.40 right now, with an average analyst price target of $88.77. My price target based on multiples and project cash flows is $87, implying a healthy 12% return for investors.
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Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Additional disclosure: Please perform your own research before making any investment decisions. This is for educational use only and does not constitute investment advice. All analysis is the opinion of the author.
Excerpt from:
Don't Invest In The Housing Market; Buy American Woodmark On The Cheap - Seeking Alpha
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Kitchen Remodeling | Comments Off on Don’t Invest In The Housing Market; Buy American Woodmark On The Cheap – Seeking Alpha
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February 13, 2017 by
Mr HomeBuilder
Photo: Contributed Photo / Contributed Photo
Five Guys, Verizon among new tenants proposed for Oxford's Quarry Walk development.
Five Guys, Verizon among new tenants proposed for Oxford's Quarry Walk development.
A medical office building, to include offices for Griffin Hospital, is expected to be completed in the fall of 2017 at Oxford's Quarry Walk development.
A medical office building, to include offices for Griffin Hospital, is expected to be completed in the fall of 2017 at Oxford's Quarry Walk development.
Five Guys, day care provider proposed for Oxfords Quarry Walk
OXFORD Last year, signs advertised the opening of a hardware store, supermarket, bank and other tenants at the Oxford Towne Center/Quarry Walk development. Now, signs note the upcoming construction of a new medical office building to be occupied in part by Griffin Hospital.
But most town residents have been patiently and some not so patiently waiting for the first signs of a restaurant in the development.
The wait is nearly over.
Zoning officials last week were presented plans for several new buildings directly along Route 67, to the right of the Newtown Savings Bank branch, including a stand-alone structure containing a Five Guys restaurant. That building will be connected through a patio to a retail building with three storefronts, with Verizon Wireless the first tenant announced for that structure.
A separate building to be constructed further in, to the left of anchor tenant Market 32, a brand of Price Chopper, will be home to Educational Playcare, a daycare provider with 13 other locations in the state.
So far were really happy with the progress, said First Selectman George Temple, of the $70 million development. I think theyre having a great deal of success with marketing.
Kathy Ekstrom, development manager for Haynes Development, said the developer has been searching for eateries and retail tenants for some time, with the goal of finding tenants that would not only attract new customers to the area but would also provide an element of stability.
Five Guys and Verizon people will drive to Quarry Walk for both of these tenants, she said. They are two highly identifiable national brands right here on (Route) 67.
Ekstrom said Haynes is hoping for a mix of not just retail, but food options as well. We would love to get an Asian bistro, she said. We think Oxford has the demand for it. We want that mix.
The first Quarry Walk tenants the market, bank, a Goodwill store, Ace Hardware and Dollar Tree opened their doors last year. This year, Ekstrom said Haynes is also planning to break ground on a 30,000-square-foot medical office building and 30 to 60 condo-style apartments.
Ekstrom said Haynes has seen a demand for the 20,000 square feet of the office building that wont be occupied by Griffin Hospital. She said the developer is being cautious with its tenant choice because it wants to provide a variety of offerings and make the development a one-stop shop for Oxford residents and those in surrounding towns.
Sometimes were intentionally a little slower on tenant acquisitions, she said. We want to make sure the businesses we put in there are going to help Quarry Walk be successful.
Ekstrom said this is why, despite the considerable interest from smaller providers, Haynes chose Educational Playcare as the centers day care provider, which will have capacity for roughly 200 children.
Their vision for how theyre going to utilize that area was too good to pass up, said Gerry Pastor, who along with his wife, Jane Porterfield, owns the daycare center. We just wanted to be a part of it.
Ekstrom said the daycare provider will likely benefit from the opening of each new store and the medical office building, for which construction will begin in the next several months.
Educational Playcare should open by August, with the medical office building, apartments, restaurant and Verizon store to open by fall.
The Planning and Zoning Commission will next meet Feb. 21.
ktorres@hearstmediact.com; 203-330-6227
Continued here:
Five Guys, day care provider proposed for Oxford's Quarry Walk - CT Post
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February 13, 2017 by
Mr HomeBuilder
Brookfield-based Milwaukee Tool plans to completely update the architecture of the existing buildings at its headquarters campus and expand two buildings by a combined 30,000 square feet, in addition to the ongoing construction of a four-story, 200,000-square-foot office building.
The company is seeking approvals from the city of Brookfield for the latest parts of the headquarters improvement project. The plan is to begin work in the spring with the goal of completing construction by the fall of 2017. That timeline would closely tie the completionof the expansions with the opening of the new office building, according to a letter from Stephen Perry Smith Architects to the city.
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Milwaukee Tool is in the process of building a new, $35 million office building on its campus. The project is supported by $18 million in state tax credits and $6 million in tax incremental financing through the city. It is projected to add up to 592 jobs to a company that has already tripled its workforce since 2009 to roughly 800.
The new project would include three components, starting with the faade renovation of Milwaukee Tools existing 183,000-square-foot, single story brick office building. The proposed renovation responds to the architecture of the new expansion building with the use of precast panel cladding, according to the Stephen Perry Smith letter. The project also involves remaking entrances to the building, demolishing existing masonry wings and replacing them with steel framed canopies with glass roofs.
The second component would expand the companys 16,500-square-foot Rapid Innovation Center by up to 20,000 square feet. The building, which is described as very dated would also get a faade upgrade to match the new office building.
The third component would be a 10,000-square-foot addition to the campus annex building, The building is currently 5,600 square feet.
The city plan commission will consider a revised plan and method of operation for Milwaukee Tool tonight to allow for the construction project. The proposal also needs Common Council approval.
In addition to Stephen Perry Smith, Milwaukee Tool is working with Wangard Partners and The Sigma Group Inc. on the project.
Brookfield-based Milwaukee Tool plans to completely update the architecture of the existing buildings at its headquarters campus and expand two buildings by a combined 30,000 square feet, in addition to the ongoing construction of a four-story, 200,000-square-foot office building.
The company is seeking approvals from the city of Brookfield for the latest parts of the headquarters improvement project. The plan is to begin work in the spring with the goal of completing construction by the fall of 2017. That timeline would closely tie the completionof the expansions with the opening of the new office building, according to a letter from Stephen Perry Smith Architects to the city.
This slideshow requires JavaScript.
Milwaukee Tool is in the process of building a new, $35 million office building on its campus. The project is supported by $18 million in state tax credits and $6 million in tax incremental financing through the city. It is projected to add up to 592 jobs to a company that has already tripled its workforce since 2009 to roughly 800.
The new project would include three components, starting with the faade renovation of Milwaukee Tools existing 183,000-square-foot, single story brick office building. The proposed renovation responds to the architecture of the new expansion building with the use of precast panel cladding, according to the Stephen Perry Smith letter. The project also involves remaking entrances to the building, demolishing existing masonry wings and replacing them with steel framed canopies with glass roofs.
The second component would expand the companys 16,500-square-foot Rapid Innovation Center by up to 20,000 square feet. The building, which is described as very dated would also get a faade upgrade to match the new office building.
The third component would be a 10,000-square-foot addition to the campus annex building, The building is currently 5,600 square feet.
The city plan commission will consider a revised plan and method of operation for Milwaukee Tool tonight to allow for the construction project. The proposal also needs Common Council approval.
In addition to Stephen Perry Smith, Milwaukee Tool is working with Wangard Partners and The Sigma Group Inc. on the project.
Read this article:
Milwaukee Tool planning more HQ campus expansion, renovation - BizTimes.com (Milwaukee)
Category
Office Building Construction | Comments Off on Milwaukee Tool planning more HQ campus expansion, renovation – BizTimes.com (Milwaukee)
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February 13, 2017 by
Mr HomeBuilder
BENTON The Franklin County Board is moving on several key projects this month.
During a special meeting Jan. 31, the board approved an ordinance that would allow them to move forward with the financing of the $550,000 Campbell Building remodel. The remodel of this building is being done to move the offices of the Regional Superintendent of Schools, Supervisor of Assessment, the Election office and the County Board to the Campbell Building from the Franklin County Annex Building.
County Board President Randall Crocker said construction on the project began last week and he hopes it will be completed by April 15. At the very least, Crocker said he hopes for the offices to be moved by May 1.
The board has also begun visiting public meetings throughout the county to discuss the need to replace their 140-year-old courthouse and to promote the added sales tax that will pay for it. This will be on the ballot during Aprils election. The proposed measure would increase sales tax by one percent and would last for 20 years. The funds collected would pay for the new courthouse construction.
Crocker said he has personally attended one meeting so far. It was with the Franklin County Farm Bureau.
It was excellent, Crocker said. Im not saying they were all for it, but they certainly wasnt questioning the motives or the need.
He said the Farm Bureau will be sponsoring a meeting March 7 at the Benton Civic Center.
Crocker said he gets two primary questions when talking with people about the courthouse proposal what is going to be done with the old courthouse and where will the new one go? He said the primary thing is is wanting to get across to people is simple.
The No. 1 thing I want them to understand is the county will not keep [the old building], Crocker said. We cant. We dont have any need for it. We cant afford to keep it.
This leaves the options of selling the building, which Crocker said would have to take place in the construction period, or tearing it down. Crocker did say he has had one party show interest in purchasing the building should it come up for sale, but said it was too early to say who.
As to where the new location would be, Crocker had two places specifically in mind. One location is a block south of the existing courthouse and the other would be next to the jail on East Main. He said the jail location is attractive because it already owned by the county, and it would be easy to transport prisoners to and from court.
However, Crocker said he questions whether or not there would be enough room for all the needs of the new courthouse.
Crocker said his primary concern is wanting the new courthouse to be easily accessible and should the resolution pass this April, he wants the public to weigh in on where they think the new courthouse should be located.
Isaac.Smith@thesouthern.com
618-529-5823
More here:
Construction begins on Benton's Campbell Building remodel - The Southern
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February 13, 2017 by
Mr HomeBuilder
Dive Brief:
The new complex in Shady Grove is just the latest offering from developers of massive mixed-use projects in the DC area. The Wharf, a $2 billion DC development, will soon get underway with its second phase, which will include parks, retail, residential, office and a marina. The first phase will open this fall and provide 870 living units, 225,000 square feet of office space, 175,000 square feet of retail and three hotels. Developer Hoffman-Madison also announced late last year that it would build DC's first-ever pier-top office building at The Wharf. The Class A office building will offer up 28,000 square feet of space and shoot for LEED Gold certification.
More variety is popping up amid mixed-use developments, including elements of sustainability that exceed LEED. Last August, Property Group Partners, developers of the Capitol Crossing "eco district," announced that it had hired general contractor Balfour Beatty to build its first 960,000-square-foot phase. The $196 million construction contract is for two 12-story, mixed-use buildings connected by a glass bridge. The entire project is situated on a three-block elevated deck over Interstate 395 and will be LEED Platinum-certified.
Read the original post:
Developers file plans for $650M DC suburb mixed-use project - Construction Dive
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