47-Story Office Tower Tops Out in Houston

The 47-floor Texas Tower, located in Houston, recently topped out. The project team includes Gilbane Building Company with team members from Hines Limited Partnership and Ivanhoé Cambridge and architect Pelli Clarke. The new tower will be an impressive addition to the Houston skyline and will total more than 1 million square feet. It consists of office space, an above- and below-grade parking structure, tunnel connections, outdoor gardens and terraces, networking spaces, full-service conference facility, fitness center and dramatic lobby with influence from the hospitality sector, among other amenities. The project is being built to the highest standards, including LEED Platinum, … Read more

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Expansion, Renovation Underway at Florida Heart Associates

An expansion and renovation project is underway at Florida Heart Associates in Fort Myers, Florida. The project team includes Stevens Construction and PRA. Stevens Construction is providing a complete interior renovation of the two-story, 25,374-square-foot building, which includes an upgrade of all exam rooms, nurse stations, offices, lobby and the cardiac PET equipment. The general contractor is also expanding the existing building with the new construction of an ambulatory surgery center. Slated for completion in summer of 2021, the multi-phased project will be licensed by the Agency for Healthcare Administration. Florida Heart Associates will remain occupied and operational during construction, … Read more

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Construction Employment Rebounds in March, Rising Costs + More Threaten Outlook Says AGC

Construction employment climbed by 110,000 in March as the industry recovered from severe winter weather that pushed employment down by 56,000 in February, according to a recent analysis by the Associated General Contractors of America of government data. Association officials said they were encouraged by the recent job gains and the potential for new infrastructure investments. But they cautioned that rising prices and erratic delivery schedules for key construction materials — as documented in their recent Construction Inflation Alert – and continued project cancellations could undermine the sector’s recovery. “The rebound in March is certainly good news, but contractors face … Read more

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Construction Complete on Carter Park Warehouse Distribution Center in Fort Worth

Construction was recently completed on Carter Park warehouse distribution center, located in Fort Worth, Texas, on behalf of Black Creek Group. The speculative industrial development incorporates three distribution/warehouse buildings featuring 250,000 square feet, 231,000 square feet and 88,000 square feet. The project team included general contractor McShane Construction Company and architect Callaway Architecture. The three tilt-wall structures offer 32-foot ceilings, efficient loading dimensions, ample power, ESFR sprinklers and a total of 100 dock doors. The site also features service courts, parking lots, driveways and landscaping. Strategically situated on 29 acres at the interchange of Interstate 35 and Interstate 20, Carter … Read more

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Dodge Data & Analytics Reports National Construction Starts Continue Decline in February

Total construction starts fell 2% in February to a seasonally adjusted annual rate of $797.3 billion. Nonbuilding construction starts posted a solid gain after rebounding from a weak January, however, residential and nonresidential building starts declined, leading to a pullback in overall activity. The Dodge Index fell 2% in February, to 169 (2000=100) from January’s 171. “With spring just around the corner, hope is building for a strong economic recovery fueled by the growing number of vaccinated Americans,” said Richard Branch, chief economist for Dodge Data & Analytics. “But the construction sector will be hard-pressed to take advantage of this … Read more

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