flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

Multifamily Sector Giants: Younger consumers, Sunbelt renaissance energize multifamily housing [2014 Giants 300 Report]

Multifamily Sector Giants: Younger consumers, Sunbelt renaissance energize multifamily housing [2014 Giants 300 Report]

AEC firms are delivering projects that cater to consumers seeking reasonably priced rentals in hot urban markets.


By Raissa Rocha, Associate Editor | August 6, 2014
SkyHouse Orlando is a 23-story, 320-unit residential tower located adjacent to a
SkyHouse Orlando is a 23-story, 320-unit residential tower located adjacent to a public bus route and near a proposed commuter r

Multifamily housing construction is expected to remain relatively strong throughout 2014, according to Freddie Mac (http://bit.ly/TJvZ8R). Starts picked up in 2013, with completions due to catch up this year, finally approaching pre-recession levels. 

AEC firms are delivering projects that cater to consumers seeking reasonably priced rentals in hot urban markets. Gen Y consumers are more likely than their Boomer antecedents to embrace the notion of renting as a lifelong strategy.

Noting these trends, a Building Team in the Southeast has developed SkyHouse: a branded program that provides high-rise apartments for Gen Y professionals near urban centers, public transportation, and nightlife. Since 2011, eleven SkyHouses have been developed, including finished properties in Orlando, Fla., Austin, Texas, Atlanta, Houston, and Dallas, and buildings under way in Raleigh, N.C., Atlanta, Tampa, Fla., Houston, and Charlotte, N.C.

Novare Group, which is developing the projects with Batson-Cook Development Company, previously specialized in high-rise condos, and wanted to bring a different approach to apartment towers that would cost only marginally more than low to mid-rise multifamily housing.

The SkyHouses consist of vertically stacked units with minimal variation; interiors are tweaked to reflect local market preferences. Separating parking facilities from the towers has reduced construction time and costs.

Jones Lang LaSalle’s U.S. Multifamily Outlook Year-End 2013 (http://bit.ly/1ifRCC4) notes the growing (and “thriving”) activity in this region: “While the housing recovery is causing expansion nationwide, the mending of the hardest hit housing markets in the Sunbelt is driving significant gains in those metros.”

 

Top Multifamily Architecture Firms

Rank Company 2013 Multifamily Revenue
1 RTKL Associates $29,674,000
2 Niles Bolton Associates 26,257,959
3 Solomon Cordwell Buenz 26,000,000
4 Architects Orange 18,989,853
5 WDG Architecture 18,737,000
6 Stantec 17,622,016
7 Perkins Eastman 16,000,000
8 NORR 11,572,227
9 Ziegler Cooper 8,815,451
10 Skidmore, Owings & Merrill 8,702,356
11 FXFOWLE Architects 8,100,000
12 Good Fulton & Farrell 7,931,000
13 Hord Coplan Macht 7,794,838
14 HOK 7,404,036
15 Smallwood, Reynolds, Stewart, Stewart & Associates 7,338,774
16 Gensler 7,139,176
17 Perkins+will 7,100,000
18 Mithun 5,966,000
19 Rule Joy Trammell + Rubio 5,787,000
20 FitzGerald Associates Architects 5,464,276
21 VOA Associates 5,266,818
22 Cooper Carry 5,055,632
23 OZ Architecture 4,879,000
24 Beyer Blinder Belle 4,780,731
25 ZGF Architects 4,770,730
26 Harley Ellis Devereaux 4,670,000
27 HKS 4,641,794
28 Lord Aeck Sargent 4,585,731
29 EDI International 4,538,210
30 GBBN Architects 4,120,000
31 Eppstein Uhen Architects 3,912,939
32 Kohn Pedersen Fox Associates 3,795,000
33 Hensley Lamkin Rachel 3,120,000
34 BLTa 3,100,000
35 IBI Group ? Gruzen Samton 3,000,000
36 Nadel 3,000,000
37 Shepley Bulfinch 2,803,000
38 Moseley Architects 2,774,269
39 Callison 2,697,208
40 Carrier Johnson + Culture 2,638,036
41 Morris Architects 2,240,000
42 Cuningham Group Architecture 2,149,438
43 Montroy Andersen DeMarco 2,130,000
44 MBH Architects 1,940,000
45 NAC|Architecture 1,871,525
46 Commonwealth Architects 1,627,175
47 Corgan 1,596,285
48 Symmes Maini & McKee Associates 1,560,000
49 Clark Nexsen 1,400,000
50 Page 1,400,000
51 Goettsch Partners 1,400,000
52 WATG | Wimberly Interiors 1,388,000
53 Goodwyn Mills & Cawood 1,328,694
54 Cambridge Seven Associates 1,277,000
55 Nelson 1,254,686
56 Hnedak Bobo Group 1,205,000
57 Swanke Hayden Connell Architects 1,200,000
58 Ratio Architects 1,127,764
59 LS3P 1,052,598
60 Kirksey 967,711
61 Sherlock, Smith & Adams 934,000
62 CTA Architects Engineers 831,135
63 Leo A Daly 824,915
64 Hoffmann Architects 747,000
65 Epstein 740,000
66 PGAL 736,900
67 Environetics 655,268
68 NBBJ 544,000
69 Davis Brody Bond 522,616
70 ATA Beilharz Architects 495,285
71 Hoefer Wysocki Architecture 410,000
72 Adache Group Architects 400,000
73 BLDD Architects 390,000
74 P+R Architects 381,150
75 Moody Nolan 361,308
76 Poskanzer Skott 350,000
77 RNL 310,000
78 RSP Architects 264,000
79 Vocon 262,947
80 CASCO Diversified Corp. 225,000
81 Baskervill 218,225
82 Heery International 196,283
83 Becker Morgan Group 192,043
84 JRS Architect 185,000
85 H3 Hardy Collaboration Architecture 183,452
86 Ennead Architects 168,902
87 Wight & Company 161,000
88 Colkitt & Company 100,000
89 Ashley McGraw Architects 83,478
90 Integrus Architecture 59,840
91 Margulies Perruzzi Architects 48,409
92 KZF Design 26,017
93 TEG Architects 20,879
94 Harvard Jolly Architecture 17,585

 

 

Top Multifamily Engineering Firms

Rank Company 2013 Multifamily Revenue
1 AECOM Technology Corp. $121,890,000
2 URS Corp. 56,953,263
3 Parsons Brinckerhoff 36,412,208
4 WSP Group 24,860,000
5 Wiss, Janney, Elstner Associates 21,180,000
6 DeSimone Consulting Engineers 20,620,346
7 Jacobs 15,370,000
8 Thornton Tomasetti 14,452,161
9 Simpson Gumpertz & Heger 11,690,000
10 Magnusson Klemencic Associates 10,137,916
11 STV 8,519,000
12 Arup 6,211,364
13 KPFF Consulting Engineers 6,000,000
14 Bala Consulting Engineers 5,083,000
15 Dewberry 4,849,178
16 Interface Engineering 3,522,946
17 M-E Engineers 3,429,000
18 Martin/Martin 2,558,401
19 CTLGroup 2,330,000
20 Paulus, Sokolowski and Sartor 2,100,000
21 Glumac 1,779,976
22 Aon Fire Protection Engineering Corp. 1,700,000
23 AKF Group 1,642,000
24 Allen & Shariff 1,500,000
25 Vanderweil Engineers 1,494,000
26 KCI Technologies 1,300,000
27 RDK Engineers 1,240,000
28 Davis, Bowen & Friedel 1,176,676
29 Coffman Engineers 1,161,281
30 M/E Engineering 1,034,842
31 French & Parrello Associates 972,500
32 Graef 821,802
33 I. C. Thomasson Associates 810,000
34 SSOE Group 793,545
35 Smith Seckman Reid 784,137
36 TLC Engineering for Architecture 780,974
37 OLA Consulting Engineers 695,000
38 CJL Engineering 662,940
39 Spectrum Engineers 557,881
40 GHT Limited 510,000
41 Guernsey 417,874
42 RMF Engineering 400,000
43 H&A Architects & Engineers 400,000
44 Sparling 393,807
45 Karpinski Engineering 370,666
46 Walter P Moore and Associates 364,810
47 Joseph R. Loring & Associates 320,000
48 Barge Waggoner Sumner & Cannon 320,000
49 Stanley Consultants 301,510
50 Environmental Systems Design 290,666
51 Highland Associates 250,000
52 Wallace Engineering 233,000
53 Henderson Engineers 231,482
54 TTG 216,150
55 Zak Companies 188,814
56 G&W Engineering Corp. 178,400
57 Wick Fisher White 156,293
58 Newcomb & Boyd 133,995
59 Leidos 120,000
60 Apogee Consulting Group 96,875
61 Dunham Associates 50,000
62 P2S Engineering 31,535
63 Heapy Engineering 19,441
64 Total Building Commissioning 18,405
65 Brinjac Engineering 12,960

 

 

Top Multifamily Construction Firms

Rank Company 2013 Multifamily Revenue
1 Lend Lease $1,680,438,000
2 Clark Group 832,640,000
3 Balfour Beatty US 686,819,862
4 Plaza Construction 670,000,000
5 Swinerton Builders 503,250,000
6 Suffolk Construction 452,592,931
7 Adolfson & Peterson Construction 325,225,509
8 PCL Construction 287,254,951
9 Weis Builders 270,383,000
10 James McHugh Construction 264,613,678
11 Walsh Group, The 254,726,672
12 Turner Construction 244,990,000
13 Summit Contracting Group 240,984,366
14 Whiting-Turner Contracting Co., The 238,617,178
15 Batson-Cook 225,076,882
16 Tutor Perini Corp. 216,439,042
17 JE Dunn Construction 204,409,132
18 Harkins Builders 168,000,000
19 McShane Companies, The 164,546,476
20 Brasfield & Gorrie 163,127,667
21 Hunt Companies 148,155,000
22 Bernards 144,000,000
23 James G. Davis Construction 123,693,698
24 Kitchell Corp. 123,591,618
25 Skanska USA 118,105,783
26 Weitz Company, The 104,812,724
27 Gilbane 104,239,380
28 DPR Construction 102,599,861
29 Hensel Phelps 99,310,000
30 C.W. Driver 91,430,000
31 LeChase Construction Services 78,720,000
32 Power Construction 74,000,000
33 W. M. Jordan Company 72,475,701
34 Bette Companies, The 72,287,000
35 Ryan Companies US 57,491,712
36 URS Corp. 56,953,263
37 Structure Tone 50,290,000
38 Flintco 46,600,000
39 Douglas Company, The 45,166,765
40 Hoar Construction 44,342,000
41 Layton Construction 43,600,000
42 CORE Construction Group 42,926,217
43 Absher Construction 41,419,197
44 Hill International 40,000,000
45 HITT Contracting 36,700,000
46 Parsons Brinckerhoff 36,412,208
47 Walbridge 34,000,000
48 Paric Corp. 34,000,000
49 Robins & Morton 33,809,050
50 Hunt Construction Group 32,000,000
51 O'Neil Industries/W.E. O'Neil 31,098,921
52 Kraus-Anderson Construction 31,000,000
53 Yates Companies, The 29,600,000
54 Choate Construction 29,008,583
55 Manhattan Construction 25,932,000
56 Austin Commercial 25,565,808
57 Linbeck Group 21,000,000
58 Haselden Construction 19,911,322
59 Juneau Construction 19,007,317
60 Beck Group, The 18,964,678
61 Messer Construction 18,394,464
62 KBE Building Corp. 13,628,837
63 STV 8,519,000
64 Bomel Construction 7,894,058
65 LPCiminelli 7,437,315
66 Consigli Construction 5,542,121
67 IMC Construction 4,556,000
68 Pepper Construction 2,870,000
69 Coakley & Williams Construction 1,994,991
70 Allen & Shariff 1,500,000
71 Stalco Construction 1,010,000
72 EBCO General Contractor 895,700
73 JLL 840,400
74 S. M. Wilson & Co. 722,352
75 New South Construction 205,000
76 Heery International 196,283
77 Hill & Wilkinson 191,000

 

Read BD+C's full 2014 Giants 300 Report

Related Stories

| Aug 11, 2010

PCA partners with MIT on concrete research center

MIT today announced the creation of the Concrete Sustainability Hub, a research center established at MIT in collaboration with the Portland Cement Association (PCA) and Ready Mixed Concrete (RMC) Research & Education Foundation.

| Aug 11, 2010

Study explains the financial value of green commercial buildings

Green building may be booming, especially in the Northwest, but the claims made for high-performance buildings have been slow to gain traction in the financial community. Appraisers, lenders, investors and brokers have found it difficult to confirm the value of high-performance green features and related savings. A new study of office buildings identifies how high-performance green features and systems can increase the value of commercial buildings.

| Aug 11, 2010

Architecture Billings Index flat in May, according to AIA

After a slight decline in April, the Architecture Billings Index was up a tenth of a point to 42.9 in May. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lag time between architecture billings and construction spending. Any score above 50 indicates an increase in billings.

| Aug 11, 2010

Architecture Billings Index drops to lowest level since June

Another stall in the recovery for the construction industry as the Architecture Billings Index (ABI) dropped to its lowest level since June. The American Institute of Architects (AIA) reported the August ABI rating was 41.7, down slightly from 43.1 in July. This score indicates a decline in demand for design services (any score above 50 indicates an increase in billings).

| Aug 11, 2010

RTKL names Lance Josal president and CEO

Lance K. Josal FAIA has been named President and CEO of RTKL Associates Inc., the international planning, design and engineering firm. Josal succeeds RTKL’s current President and CEO, David C. Hudson AIA, who is retiring from the firm. The changes will take effect on 1 September 2009.

| Aug 11, 2010

Balfour Beatty agrees to acquire Parsons Brinckerhoff for $626 million

Balfour Beatty, the international engineering, construction, investment and services group, has agreed to acquire Parsons Brinckerhoff for $626 million. Balfour Beatty executives believe the merger will be a major step forward in accomplishing a number of Balfour Beatty’s objectives, including establishing a global professional services business of scale, creating a leading position in U.S. civil infrastructure, particularly in the transportation sector, and enhancing its global reach.

| Aug 11, 2010

Construction unemployment rises to 17.1% as another 64,000 construction workers are laid off in September

The national unemployment rate for the construction industry rose to 17.1 percent as another 64,000 construction workers lost their jobs in September, according to an analysis of new employment data released today.  With 80 percent of layoffs occurring in nonresidential construction, Ken Simonson, chief economist for the Associated General Contractors of America, said the decline in nonresidential construction has eclipsed housing’s problems.

| Aug 11, 2010

Billings at U.S. architecture firms exceeds $40 billion annually

In the three-year period leading up to the current recession, gross billings at U.S. architecture firms increased nearly $16 billion from 2005 and totaled $44.3 billion in 2008. This equates to 54 percent growth over the three-year period with annual growth of about 16 percent. These findings are from the American Institute of Architects (AIA) Business of Architecture: AIA Survey Report on Firm Characteristics.

boombox1
boombox2
native1

More In Category


Urban Planning

Bridging the gap: How early architect involvement can revolutionize a city’s capital improvement plans

Capital Improvement Plans (CIPs) typically span three to five years and outline future city projects and their costs. While they set the stage, the design and construction of these projects often extend beyond the CIP window, leading to a disconnect between the initial budget and evolving project scope. This can result in financial shortfalls, forcing cities to cut back on critical project features.



Libraries

Reasons to reinvent the Midcentury academic library

DLR Group's Interior Design Leader Gretchen Holy, Assoc. IIDA, shares the idea that a designer's responsibility to embrace a library’s history, respect its past, and create an environment that will serve student populations for the next 100 years.

halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021