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Treasure Valley apartment construction bucks national trend

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Perryman Construction Management is building the 30-unit multi- family Hayspur development in Nampa. Photo courtesy of Mountain Peak Marketing " width="300" height="169" /> Perryman Construction Management is building the 30-unit multi- family Hayspur development in Nampa, shown here. Photo courtesy of Mountain Peak Marketing Apartment projects are going up across the Treasure Valley from Boise to Meridian to Nampa and to the next frontier in multi- family housing , Kuna. Some 2, 700 apartment units are in various stages of construction among those cities. Some are recently completed and some are being built in phases.  That is a stark contrast to the near zero multi- family construction in 2010 in metro Boise. Multi- family housing has evolved in the 21 st century, largely moving away from large buildings with hundreds of units. Locally, many developers have settled for the common denominator of sets of fourplexes with the occasional six-, eight- ...

Roger B. Kennedy Construction Ranks as 12th Largest Florida-Based General Building Contractor, 81st Among Southeast's Top Contractors

Roger B. Kennedy Construction Ranks as 12th Largest Florida - Based General Building Contractor , 81st Among Southeast's Top Contractors Orlando Area Construction Management Firm Ranked in National Contractor Survey . Orlando, FL, August 25, 2017 --(PR.com)-- Altamonte Springs-based Roger B. Kennedy Construction has been ranked as the 12th largest Florida - based General Building Contractor according to ENR Southeast ’s annual Top Contractors survey published on July 10, 2017. Kennedy ranks 81st largest overall among The Southeast’s Top Contractors according to the nationally respected survey . Its Southeast region includes Florida , Georgia, South Carolina, North Carolina, Alabama, Tennessee and Puerto Rico. The Kennedy organization has been in continuous operation as a family- owned construction business for 147 years, and opened its Florida office in Orlando in 1972. Headed by Roger B. Kennedy, Jr., President, Roger B. Kennedy Construction ranks among Florida’s largest ...

Crescent Construction Receives GAF’s Prestigious 2017 President’s Club Award - Press Release

Crescent Construction of Columbia, SC, has received GAF’s 2017 President’s Club Award. A GAF Master Elite (R) contractor since 2013, it serves Columbia and the surrounding areas as a full- service roofing and renovation contractor . Columbia, SC - August 24, 2017 - Crescent Construction LLC of Columbia, South Carolina, has received the most prestigious contractor award GAF offers : The GAF President ’s Club Award. This highly coveted award recognizes Crescent Construction as one of the “elite of the elite” residential roofing contractor s in the United States. GAF is North America’s largest roofing manufacturer , and only GAF Master Elite (R) Contractors can compete for its residential President’s Club Award. To qualify for this award, a residential roofing contractor must meet specific criteria in at least one out of three different pathways: the Performance pathway, where contractors focus on giving their property owners the best possible service, quality, and protection; the...

Los Angeles investor group pays $50M for Waterford Lakes-area apartments

A Los Angeles- based investment group has spent roughly $94 million over the past nine months on two large apartment developments in Waterford Lakes, and is on the hunt for more in that area to boost synergies, the company's general counsel told GrowthSpotter . PRG Fund LP , which owns a portfolio of office buildings in Los Angeles County , began venturing into apartment building acquisitions within the past year. The company made its second purchase in Greater Orlando on Aug. 13, with the 364- unit Victoria Place Apartments  near Waterford Lakes Town Center for $50.13 million, or $138,000 per unit. Located at 12612 Victoria Place Circle , just north of Waterford Lakes Town Center and south of East Orange Park , Victoria Place Apartments was built in 2002 and features 13 three-story buildings over 22 acres.  Lincoln Property Company  is the new management firm brought on to the property this week.  "If you had talked to me a year ago, I'd have said no way would we ...

Crescent Bayshore in Tampa Begins Preleasing

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Tampa, Fla.— Crescent Bayshore , the only apartment community situated along Tampa’s exclusive Bayshore Blvd ., is now in preleasing. Slated to open in June, the 367- unit luxury apartment community from Charlotte- based Crescent Communities nestles on the edge of Tampa’s Hyde Park, offers awesome bay views and provides access to the city’s most upscale restaurants and shops. The community’s one-, two- and three- bedroom apartments offer chef -inspired kitchens, granite countertops, stainless steel appliances , washers and dryers, designer lighting packages and spacious walk-in closets. Among the public spaces and amenities are an elegant community clubroom , upscale pub room and wine lounge, club-quality gym and on- site dry cleaning pick -up and delivery. “We designed the Crescent Bayshore property to complement its extraordinary neighborhood,” Jay Curran, vice president of Crescent’s multifamily group, tells MHN . He reports the project reflects the architectural and design d...

Ground breaks on Eagle Crossing apartments at Coffee Creek Center

Ground broke late last month on a new luxury apartment neighborhood at Coffee Creek Center : Eagle Crossing , under development by In Good Company (IGC). Eagle Creek’s 170 units will be located on 18 acres immediately south of Rail Road, east of Kelle Drive, north of Sidewalk Road, and west of land owned by the Coffee Creek Watershed Preserve. The development will consist of 23 buildings, designed in the Prairie Style, each luxury unit in which will include an attached garage, full-size washer and dryer, and access-controlled entryways. The $30-million Eagle Crossing neighborhood will also include clubhouse, swimming pool, and children's play area. General Contractor: CORE Construction of Schererville. Project engineer: DVG Team Inc. of Crown Point. Architect: Rohn Associates Architects of Cedar Lake. Estimated buildout: two years. IGC’s decision to build in Chesterton is a personal one, according to a statement released on Friday: it’s the hometown of IGC principals Jon Hicks ...

Domain Cos. Expands Into SLC With $110M Project

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The Exchange KTGY Architecture + Planning have unveiled the preliminary design for The Exchange, a new mixed-use development by The Domain Cos. and the GIV Group that hopes to revitalize downtown Salt Lake City . The $ 110 million development represents The Domain’s first foray into the Salt Lake City multifamily market and is expected to break ground in fall 2018. The design envisions a pedestrian- and transit-oriented district that features affordable and market-rate apartments, business incubator space , creative office space and ground-level retail and restaurant space. Out with the old Located at 320 E. 400 S. and 338 E. 400 S., on two city-owned, 2.2-acre sites, the project is intended to replace three under-used retail and commercial buildings with nine stories of residential, retail and co-working spaces. The parcels include the old five- story Barnes Bank building and the two- story Salt Lake Roasting Co., directly north and east of the city’s public safety building , and...

Crescent Communities Kicks Off Development in Atlanta

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Sandy Springs, Ga. — Crescent Communities has secured financing for a multifamily rental community now underway in metro Atlanta’s Perimeter neighborhood. The property, Crescent Perimeter , will consist of 320 apartments, ranging from one to three bedrooms. Located at 5755 Glenridge Road in Sandy Springs, Ga., Crescent Perimeter will be four and five stories surrounding a parking deck within the 26- acre Lakeside office park just north of I-285. Crescent Communities expects the first residents to move into Crescent Perimeter in the third quarter of 2018. The Central Perimeter business district is a major regional center that’s recently attracted a number of major companies, including the headquarters of Mercedes-Benz USA, State Farm and The Weather Channel. Crescent’s new apartments will also serve employees of metro Atlanta’s largest concentration of hospitals and medical offices, known as Pill Hill. “The job growth in Atlanta, especially in Central Perimeter , has created str...

Why AvalonBay Is Not In My 'DAVOS' Portfolio - AvalonBay Communities, Inc. (NYSE:AVB)

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I just finished my all-new DAVOS portfolio that includes the following best-in-class REITs: Digital Realty (DLR), American Tower (AMT), Ventas, Inc. (VTR), Realty Income (O), and Simon Property Group (SPG). As a reminder, the DAVOS REITs were picked because of their high-quality attributes and most importantly for their dividend repeatability. While these REITs do not represent all of my favorite picks, they embody a diversified basket that serve as a proxy for robust dividend growth in the REIT sector. I’ll be honest, the last pick was the hardest. It was easy for me to select DLR, VTR, O, and SPG – because these four REITs have scale, experience, and muscle – all essential elements of durability. However, I was torn between the last pick, debating most of my Saturday as to whether I would go with American Tower or AvalonBay (AVB). I was really leaning to go with AvalonBay, but I decided at the last minute to include American Tower . It was a tough call, but after reading this ar...

Fieldstone Apartments Prepares for Phase Three; International Paper Sells Three Mills

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Developers are preparing to break ground on Fieldstone Apartments ’ third phase, reports The Memphis Daily News .  Working under the name Fieldstone Apartments III Co., developers filed a $7. 5 million building permit application with the city/county Office of Construction Code Enforcement . Fieldstone’s third phase will consist of 102 garden-style apartments and detached garages at the intersection of Tournament Drive and Hacks Cross Road —at 7986 Tournament Drive Road —but working under the address 3333 Hacks Cross Road , same as the first two phases. Patton 7 Taylor Construction Co. will be general contractor for the project. Fieldstone’s first two phases, currently operational, include three-story buildings of one-, two- and three-bedroom units. In other news, International Paper has announced the sale of three container-board mills at a combined value of $470 million. One of the three facilities is the New Johnsonville mill in Tennessee, formerly a Temple-Inland mill. Interna...

AMLI 900 apartments, 900 S Clark St, South Loop

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AMLI 900 is 440-unit, 23- story apartment tower in the South Loop. First occupancy at AMLI 900 was in 2009. AMLI Residential was the developer of the property. Solomon Cordwell Buenz was the architecture firm and Walsh Construction was the general contractor. AMLI 900 was the first major Chicago high -rise to announce that it would be completely smoke-free. The apartments AMLI 900 offers 9 different floor plans of studio, 1-, 2- and 3-bedroom apartments. Two- and 3-bedrooms have two baths. Floor plans and a near real- time availability check can be accessed online The apartments have a “soft loft” aesthetic, with 9- foot high concrete ceilings , floor-to-ceiling windows and exposed spiral ductwork . AMLI 900 has higher-level finishes than some of its competitors. All-electric kitchens have 42- inch kitchen cherry or maple cabinets and stainless steel and black appliance packages that include built-in microwaves. The open-plan kitchens have good counter space , islands with pendant...