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Olympia to revise codes to allow for a variety of housing

Whitney and Luke Bowerman dream of building cottages on one of the few larger lots remaining in Olympia’s Eastside neighborhood. They want to leave the existing trees on the Fairview Street Southeast lot , and reflect the character of the neighborhood in their design. The cottages would join a new, three-bedroom house also designed to fit the area. But the city of Olympia has made it expensive to build cottages, the Bowermans said. They estimate that city fees alone will run $30,000 to $40,000 per cottage. And the cottages will be just between 500 and 800 square feet. “The impact fees for a 500-square-foot cottage are almost the same as for a single-family home,” Whitney Bowerman said. “But you can’t rent them for as much,” Luke Bowerman said. If changes aren’t made to reduce the costs, the Bowermans said, they might have to abandon the cottage idea and build a more traditional subdivision. Out of respect for the neighborhood, they don’t want to do that. Meanwhile, Olympia is poised...

Aging baby boomers ignite explosion of jobs in health care, senior housing

But young people may not be fully aware of the "great opportunities" that await them in this sector of the job market, said Gisi, whose company owns and operates senior living facilities across the Upper Midwest. "People realize that there will be a lot more people in old age, but they don't see the lack of workers available to care for those people, what with the birth rate collapsing in the early '70s," said Gisi. Edgewood owns and operates assisted -living and memory- care facilities in 55 communities. "There'll be a significant need for health care workers in all of our communities," he said. "The demand will continue to grow." The time frame of 2020 to 2040 will be a period of significant aging of the population, based on U.S. Census data, which will dramatically increase the demand for senior housing and health care. In that time period, the number of people who are 65 or older will increase by 46 percent. "There will...

Medical Center draws hotel, apartment development

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Ascent Med Center apartment project next to a 357-room hotel. Ascent will offer units from 339 square feet, with students in mind, to large three-bedrooms aimed at higher-income renters. Photo: Medistar Corp." /> Photo: Medistar Corp. A rendering shows the Ascent Med Center apartment project next to a 357-room hotel. Ascent will offer units from 339 square feet, with students in mind, to large three-bedrooms aimed at higher-income renters. Oil's going for less than $30 a barrel. The high- end housing market is on the skids. And companies are unloading gobs of office space they no longer need. Yet some developers want to keep building. Greystar, an apartment developer with multiple projects under construction here, recently said it would move forward with a plan to build another one: a soaring glass and brick tower of 375 luxury units on a 1.3- acre parking lot next to the Texas Medical Center . "It is a little contrarian, isn't it?" Greystar's David ...

US Concrete's (USCR) CEO Bill Sandbrook on Q2 2017 Results - Earnings Call Transcript

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US Concrete Inc (NASDAQ:USCR) Q2 2017 Earnings Conference Call August 08, 2017 10:00 AM ET Executives Kevin Kohutek - Vice President and Chief Accounting Officer Bill Sandbrook - President and Chief Executive Officer Analysts Trey Grooms - Stephens Inc Adam Thalhimer - Thompson, Davis Scott Schrier - Citi Craig Bibb - CJS Securities Stanley Elliott - Stifel Nicolaus Roresa Mojo - D.A. Davidson Operator Good day, ladies and gentlemen, and welcome to the U.S. Concrete, Inc. Second Quarter 2017 Earnings Conference Call . [ Operator Instructions ] I would now like to introduce your host for today's conference, Kevin Kohutek, Vice President and Chief Accounting Officer . You may begin. Kevin Kohutek Thank you, Israh. Good morning, and welcome to U.S. Concrete's Second Quarter 2017 Earnings Conference Call . Joining me on the call today is Bill Sandbrook, our President and Chief Executive Officer . Bill and I will make some prepared remarks, after which we will open the call to your ...