1. Ryan Companies breaks ground on 122-acre Highland Bridge redevelopment in St. Paul, Minn. (BD+C)
"This $1.3 billion project—whose funding includes $320 million in public and private investments for parks, infrastructure, affordable housing, and tax-increment financing—has been a decade in the making. Bringing the master plan to life involved 45 public meetings that drew 1,300 attendees, and 80 presentations to business, civic, and nonprofit groups."
2. Never waste a crisis (BD+C)
"Count Fred Bland among the AEC executives who were blown away by how efficiently their associates performed from home during the pandemic lockdown. “It was a great surprise to me that, remotely, we’ve been able to serve our clients well,” says Bland, FAIA, AICP, Managing Partner with Beyer Blinder Belle. He attributed that success to a combination of technology and esprit de corps."
3. A Florida company is helping developers optimize their buildings’ parking amenities (BD+C)
"RPS, which built the first autonomous garage in the United States in Hoboken, N.J., in 2001 (a garage that’s still operational to this day), has been focusing its attention in recent years on the Middle East. The company is preparing to release an online, AIA-approved education program that provides details for planning, installation, and operation of autonomous parking facilities.
4. Will luxury condos sell in a pandemic? SF High-rise is the market’s first big test (San Francisco Chronicle via National Real Estate Investor)
“Despite the difficulties of selling luxury condos in a downtown neighborhood mostly bereft of workers and festooned with boarded-up stores and restaurants, San Francisco’s condo market is performing far better than its rental housing market, as families put a premium on quality living spaces during shelter-in-place.”
5. The hottest job in commercial real estate? Infectious disease expert (Fast Company via National Real Estate Investor)
"Even after the pandemic, the chief health officer could be a permanent fixture in real estate."
6. ‘I can’t keep doing this:’ Small business owners are giving up (New York Times via National Real Estate Investor)
“More owners are permanently shutting their doors after new lockdown orders, realizing that there may be no end in sight to the crisis.”
Related Stories
Construction Costs | May 16, 2024
New download: BD+C's May 2024 Market Intelligence Report
Building Design+Construction's monthly Market Intelligence Report offers a snapshot of the health of the U.S. building construction industry, including the commercial, multifamily, institutional, and industrial building sectors. This report tracks the latest metrics related to construction spending, demand for design services, contractor backlogs, and material price trends.
Contractors | May 15, 2024
The average U.S. contractor has 8.4 months worth of construction work in the pipeline, as of April 2024
Associated Builders and Contractors reported that its Construction Backlog Indicator increased to 8.4 months in April, according to an ABC member survey conducted April 22 to May 6. The reading is down 0.5 months from April 2023, but expanded 0.2 months from the prior month.
Healthcare Facilities | May 6, 2024
Hospital construction costs for 2024
Data from Gordian breaks down the average cost per square foot for a three-story hospital across 10 U.S. cities.
Contractors | May 1, 2024
Nonresidential construction spending rises 0.2% in March 2024 to $1.19 trillion
National nonresidential construction spending increased 0.2% in March, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.19 trillion.
AEC Tech | Apr 30, 2024
Lack of organizational readiness is biggest hurdle to artificial intelligence adoption
Managers of companies in the industrial sector, including construction, have bought the hype of artificial intelligence (AI) as a transformative technology, but their organizations are not ready to realize its promise, according to research from IFS, a global cloud enterprise software company. An IFS survey of 1,700 senior decision-makers found that 84% of executives anticipate massive organizational benefits from AI.
Hotel Facilities | Apr 24, 2024
The U.S. hotel construction market sees record highs in the first quarter of 2024
As seen in the Q1 2024 U.S. Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the first quarter, there are 6,065 projects with 702,990 rooms in the pipeline. This new all-time high represents a 9% year-over-year (YOY) increase in projects and a 7% YOY increase in rooms compared to last year.
Construction Costs | Apr 18, 2024
New download: BD+C's April 2024 Market Intelligence Report
Building Design+Construction's monthly Market Intelligence Report offers a snapshot of the health of the U.S. building construction industry, including the commercial, multifamily, institutional, and industrial building sectors. This report tracks the latest metrics related to construction spending, demand for design services, contractor backlogs, and material price trends.
Market Data | Apr 16, 2024
The average U.S. contractor has 8.2 months worth of construction work in the pipeline, as of March 2024
Associated Builders and Contractors reported today that its Construction Backlog Indicator increased to 8.2 months in March from 8.1 months in February, according to an ABC member survey conducted March 20 to April 3. The reading is down 0.5 months from March 2023.
K-12 Schools | Apr 10, 2024
Surprise, surprise: Students excel in modernized K-12 school buildings
Too many of the nation’s school districts are having to make it work with less-than-ideal educational facilities. But at what cost to student performance and staff satisfaction?
Multifamily Housing | Apr 9, 2024
March reports record gains in multifamily rent growth in 20 months
Asking rents for multifamily units increased $8 during the month to $1,721; year-over-year growth grew 30 basis points to 0.9 percent—a normal seasonal growth pattern according to Yardi Matrix.