Turner Awarded $123M of Work for Tennessee College of Applied Technology

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Turner Construction Company began work for the Tennessee College of Applied Technology to build and renovate facilities on its Memphis and Northwest campuses in Covington, Tennessee. These projects are essential to the college’s continued success as a leader in trade education and workforce development in Tennessee. On the Memphis campus, the $73-million project will include erecting new buildings and renovating existing structures to create a modern learning environment. Similarly, the Northwest project is a $50-million endeavor that involves development of new facilities and the refurbishment of current ones. Set to transform the campuses, the projects will provide resources that support … Read more

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Turner, JV Partner Walsh Construction Top Out $900M Hospital Project

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Turner Construction Company and Joint Venture partner Walsh Construction celebrated the topping out of the $900-million Louisville VA Medical Center in Louisville, Kentucky. The ceremony was attended by Kentucky Governor Andy Beshear, other state and local officials, and representatives of the Department of Veterans Affairs and the US Army Corps of Engineers. The Louisville VA Medical Center will offer 104 beds to care for the 45,000 veterans in the area. It will include a Women’s Health Clinic, a utility plant and parking structures. The main hospital facility will consist of two buildings connected by an atrium-like concourse. The 910,000-square-foot project … Read more

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Joint Ventured Tapped for $1.2B Austin Convention Center Redevelopment Project

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A joint-venture team of Turner Construction Company and JE Dunn Construction was awarded a contract to lead a $1.2-billion redevelopment and expansion of the Austin Convention Center in Texas. The project will involve demolishing and rebuilding the convention center over four years. The expansion and redevelopment will nearly double the amount of rentable space allowing the convention center to remain competitive in the marketplace. The redevelopment will also deliver a community-friendly event space that will transform the southeast quadrant of downtown and provide connectivity between downtown and East Austin. Construction will be complete in 2028.

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Building Costs Increase in the Second Quarter of 2023

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Turner Construction Company’s Second Quarter 2023 Turner Building Cost Index — which measures costs in the non-residential building construction market in the United States — had increased to the value of 1365. This represents a 1.19% quarterly increase from the Fourth Quarter 2022 and a 6.39% yearly increase from the Second Quarter 2022. The building costs and price trends tracked by the Turner Building Cost Index may or may not reflect regional conditions in any given quarter. The index is determined by several factors considered on a nationwide basis, including labor rates and productivity, material prices and the competitive condition of … Read more

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Building Costs Increases Slow in the First Quarter of 2023

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Turner Construction Company has released its First Quarter 2023 Turner Building Cost Index — which measures costs in the nonresidential building construction market in the United States — had increased to the value of 1349. This represents a 1.28% quarterly increase from the fourth quarter 2022 and a 7.49% yearly increase from the first quarter 2022. The building costs and price trends tracked by the index may or may not reflect regional conditions in any given quarter. The cost index is determined by several factors considered on a nationwide basis, including labor rates and productivity, material prices and the competitive … Read more

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