COVID-19 Crushes Construction Starts in Most Metro Areas during First-Half 2020

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The COVID-19 pandemic and resulting recession have wreaked havoc on U.S. building markets. According to Dodge Data & Analytics, commercial and multifamily starts were quite healthy during January and February but stalled as the pandemic hit the nation in March. For the first three months of 2020, U.S. multifamily and commercial building starts inched up 1% from the same period of 2019. The commercial and multifamily group is comprised of office buildings, stores, hotels, warehouses, commercial garages and multifamily housing. Not included in this ranking are institutional building projects (such as educational facilities, hospitals, convention centers, casinos, transportation terminals), manufacturing buildings, single-family … Read more

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Buildout for Luxury Mixed-Use Development Takes Shape in N.C.

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JE Dunn Construction is moving apace with a $5.7-million interior buildout for an upscale steakhouse, Steak 48, to Apex SouthPark, a luxury mixed-use development taking shape in Charlotte, North Carolina. On the first floor of the Apex SouthPark complex, Steak 48 will occupy approximately 9,600 square feet and offer diverse, fine-dining experiences featuring a collection of intimate dining rooms including patio seating. The fully exposed kitchen, with its floor-to-ceiling glass walls, offers diners a unique view into the culinary experience. Developed by Childress Klein and Ascentris, Apex SouthPark is a destination complex of specialty restaurants, fashion options and other retail, … Read more

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Dodge Reports Construction Starts Show Additional Gains in June

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Total construction starts increased 6% in June to a seasonally adjusted annual rate of $641.4 billion. This marks the second consecutive monthly gain in construction starts following the COVID-19 induced declines in March and April. In June nonresidential building starts gained 6% and starts in the nonbuilding sector moved 27% higher. Residential starts, by contrast, fell 6% during the month. Through the first six months of the year, starts were down 14% from the same period in 2019. Nonresidential starts fell 22%, nonbuilding starts were down 14% and residential starts dropped 5%. For the 12 months ending in June 2020, … Read more

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Parish Episcopal School’s Noble Family Performing Arts Center Tops Out

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Later this month, the construction team and school will celebrate the topping out of the Noble Family Performing Arts Center at Parish Episcopal School’s Midway Campus in Dallas, Texas. The new performing arts center—part of a 55,000-square-foot campus expansion—will host student performances, community and milestone events, awards ceremonies and high-caliber speakers and cultural events. McCarthy Building Companies, Inc. broke ground on the project in November of 2019 and it is expected to be complete by spring of 2021. The Noble Family Performing Arts Center includes a 515-seat performance hall, 120-seat black box theater, rehearsal rooms, a film screening room and … Read more

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Construction Begins on Forsyth Pointe Mixed-Use Development in Missouri

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Construction has started on Forsyth Pointe, a mixed-use development in the central business district of Clayton, Missouri, the county seat of St. Louis County. McCarthy Building Companies, Inc. is the construction manager overseeing all construction work, including the delivery of self-perform concrete services on the cast-in-place building foundations, elevator cores and parking structure. Developed by US Capital Development and totaling nearly 1 million square feet, the Design-Build project includes two Class A office towers—the east tower at 10 stories and 265,000 square feet and the west tower at eight stories and 210,000 square feet—with more than 20,000 square feet of … Read more

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