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

  • Posted on

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.

Filed under: eNews, ProjectsTagged with: , ,

Building Costs Increase in the Second Quarter of 2023

  • Posted on

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

Filed under: Economic NewsTagged with: ,

Building Costs Increases Slow in the First Quarter of 2023

  • Posted on

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

Filed under: Economic NewsTagged with: ,