Nonresidential Construction Market Momentum to Continue

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WASHINGTON, D.C. – Construction spending greatly exceeded expectations in the nonresidential market in 2015, and this year should see healthy growth levels as well. There continues to be significant demand for hotels, office space, manufacturing facilities and amusement and recreation spaces. The American Institute of Architects’ semi-annual Consensus Construction Forecast, a survey of the nation’s leading construction forecasters, is projecting that spending will increase just more than eight percent in 2016, with next year’s projection being an additional 6.7 percent gain. “While rising interest rates could pose a challenge to the U.S. economy, lower energy prices, improved employment figures and … Read more

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OSHA and Crane, Hoist and Monorail Partners Renew Alliance

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WASHINGTON, D.C. – The Occupational Safety and Health Administration and the Crane, Hoist and Monorail Partners recently renewed their alliance to improve the safety and health of workers who manufacture and use cranes, hoists and monorails. During the five-year agreement, the alliance will address preventing worker exposures to electrical shock, electrocution, falls from elevation and being struck-by moving equipment. Through the alliance, participants plan to develop best practice fact sheets and training resources that address electrical hazards, falls and struck-by incidents, and new technology used in the crane, hoist and monorail industry. The alliance will promote cooperative program initiatives including … Read more

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Nonresidential Construction Costs Forecast to Increase with Robust Activity, Employment

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MINNEAPOLIS, Minn. — Mortenson Construction recently released its quarterly Construction Cost Index report for Minneapolis – St. Paul, Minnesota, along with five other metropolitan areas in the U.S. According to the report, building owners should anticipate nonresidential construction costs to increase 3- 4 percent on average in the coming year with most markets reporting robust activity and healthy employment. While the rate of growth in construction employment has plateaued in many of the markets tracked, nonresidential construction activity is considered healthy according to data from the Bureau of Labor Statistics. The Mortenson Construction Cost Index also tracks building component trends … Read more

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Tutor Perini Building Corp. to Build Tribute/Element Hotel in Fort Lauderdale

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FORT LAUDERDALE, Fla. — Tutor Perini Corporation’s subsidiary, Tutor Perini Building Corp., has been awarded a contract by Wurzak Hotel Group and DoveHill for construction of a dual-branded Tribute Portfolio and Element by Westin Hotel in downtown Fort Lauderdale, Florida. The contract value was not disclosed. The project scope of work includes construction of a new 24-story, 323-room hotel to be comprised of a 209-room Tribute Portfolio Hotel and a 114-room Element by Westin Hotel within the same structure. The upscale building will feature a rooftop lounge and restaurant, a pool and gymnasium facility, parking within the building, ground-level retail … Read more

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Knutson Construction Celebrates Water Park Grand Opening

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MINNEAPOLIS, Minn. —The Lagoon at Treasure Island Resort and Casino, located in Welch, Minnesota, celebrated its grand opening and ribbon cutting on Tuesday, Feb. 9. Knutson Construction began construction last spring as the Design-Builder, in partnership with RSP Architects, on the 40,000-square-foot water park, which includes a 320-foot lazy river, two looping water slides, zero-depth entry family pool and Barefoot Bar, an adult-only pool with a swim-up bar. The addition also includes the Wave Spa, an upscale full-service salon and spa. “We are thrilled with how this project turned out – providing Treasure Island Resort and Casino with world-class amenities, … Read more

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