TEMPE, Ariz. – Sundt Construction, Inc. began construction this month to transform a surface parking lot into a 407-unit residential and retail mixed-use development in Tempe, Arizona. The yet-to-be-named project, previously known as University Square, covers an entire city block on the northwest corner of University Drive and Forest Avenue. The development will feature a cascading design with shorter portions of the building facing University Drive and 7th Street and taller elements located mid-block. The first tower will be 20 stories, and the second will be 12 with primarily studio, one-bedroom and two-bedroom apartments. The second tower will face 7th … Read more
Burns & McDonnell Inc. Acquires AZCO INC.
KANSAS CITY, Mo. – After collaborating on projects for several decades, Burns & McDonnell is acquiring AZCO INC. The acquisition creates one of the most comprehensive environmental, engineering, procurement and direct-hire construction and fabrication companies and enhances the suite of services available to clients. “Acquisitions are common in our industry, but extremely rare at Burns & McDonnell,” says Ray Kowalik, CEO-elect, Burns & McDonnell Inc. “AZCO is a natural partner for us. Their industry-leading construction and pipe fabrication capabilities are a perfect fit into our multibillion dollar construction arm.” Kowalik says AZCO not only aligns with the firm’s construction expertise, … Read more
Skanska USA Builds Alamo Colleges Administration Complex in San Antonio
Skanska USA has signed a contract with Alamo Colleges to build its new District Support Operations Administration Complex in San Antonio, Texas. The contract is worth $45 million. The new facility will include approximately 52,000 square feet of class A office space, 500 parking spaces, office suites, a conference center, campus police headquarters and dispatch and a central utility plant. Construction will begin in January 2017 and is slated for completion in July 2018.
Dodge Momentum Index Inches Up in November
NEW YORK, N.Y. – The Dodge Momentum Index moved 0.3 percent higher in November to 133.2 from its revised October reading of 132.7 (2000=100). The index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. The overall index has now posted increases in 10 of the last 12 months, and stands 18 percent higher than its November 2015 reading. This suggests that construction activity should continue to strengthen in 2017. The uptick for the index in November was due to … Read more
Sundt Selected for $62M Medical Science Building at Texas Tech
EL PASO, Texas – Sundt Construction, Inc. has been selected to build the new Medical Science Building II at Texas Tech University’s Health Sciences Center in El Paso, Texas. The $62-million project includes the construction of a 227,000-square-foot facility, housing complex research laboratories, lecture halls and classrooms, teaching space, faculty/researcher and staff offices and campus support space. Sundt’s scope of work also includes expanding utility infrastructure, adding additional parking and improving the surrounding landscape. Sundt has a history of more than 45 years and more than $2 billion of project work throughout the Lone Star State. Among the general contractor’s … Read more