Vanderbilt opens $169M critical care tower
Posted on November 5, 2009 at 9:42 am
Vanderbilt University Medical Center is cutting the ribbon on its 11-story critical care tower today. The $169 million building has 141 new acute-care inpatient rooms and 12 surgical rooms will immediately house VUMC’s surgical intensive care, neurological intensive care and medical intensive care units.
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No green shoots for developers
Posted on October 30, 2009 at 12:12 pmMarty Heflin of M2H Group says the mood is just plain sour.
“Heaven in 2011?” I am not so sure. In conversations with fellow developers, lenders and investors primarily in the Southeast region, I am not hearing a lot of talk about “green shoots.” I am seeing a lot of downcast faces and concern. The central problem continues to be two-fold: a) the land sellers and asset holders that are distressed haven’t gotten the memo yet and b) the credit markets remain shut tighter than the back of a Swiss watch.
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This is how the housing inventory will be whittled down
Posted on at 9:14 am
Numbers from MTSU’s BERC show the value of Nashville-area building permits the past three months was only about a third of the volume from the boom years. Check out the raw numbers and other regional stats here.
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Virginia contract for Infrastructure Corp.
Posted on October 23, 2009 at 10:51 amBrentwood-based Infrastructure Corp. of America has been awarded a $9 million job to repair about 20 bridges in Virginia’s Shenandoah Valley.
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State’s construction job losses among worst in country
Posted on October 22, 2009 at 10:08 am
Tennessee is 48th on an Associated General Contractors list that tallies the number of construction jobs lost in the 12 months to September. Only the hard hat job markets in Michigan, Arizona and Nevada fared worse.
“These figures should serve as a sobering reminder that public investments alone are not going to turn around a trillion dollar construction industry,” said Stephen E. Sandherr, the association’s chief executive officer. “The three most important issues in Washington ought to be jobs, jobs and jobs, which is why we need pro-growth measures like those we outlined in our blueprint for recovery.”
SEE ALSO: Our recent print story on the possibility of a construction labor shortage
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Another franchisor targets Nashville
Posted on October 19, 2009 at 3:07 pm
Glass Doctor, which markets various residential and commercial glass services from almost 400 stores around the country, says Nashville is on its wish list for franchising. The average franchised store rings up about $850,000 in annual revenues.
SEE ALSO: A snapshot of other franchisors who have cast their eye on Music City
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CCA goes grassroots in Georgia
Posted on October 14, 2009 at 8:01 amRepresentatives of Corrections Corp. of America helped residents of Jenkins County, Ga., lobby for the Nashville company, one of a number of firms in the running for a 1,000-bed prison that is seen as a crucial job generator in a high-unemployment region.
SEE ALSO: A release from CCA announcing its willingness to build in the area — in the spring of 1999.
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Technicality could put federal road funds beyond reach
Posted on September 29, 2009 at 1:19 pm
The National Governors Association recently wrote to lawmakers calling for quick legislastive action that would restore $9 billion in federal money earmarked for transportation projects.
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Terrazzo lands LEED
Posted on September 23, 2009 at 1:33 pm
Crosland’s mixed-use Gulch tower has been awarded silver LEED certification by the U.S. Green Building Council.
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Area construction costs retreat a bit
Posted on September 15, 2009 at 7:31 am
Construction costs in the Nashville area fell by 0.6 percent in the third quarter, say the research folks at Connico and Rider Levett Bucknall. That’s an experience similar to many other cities and one that is expected to continue for a good while.
We anticipate that contractors will continue to put forward aggressive bids as long as there remains a concern about the amount of construction work available. Uncertainty related to when construction volumes may regain a stable footing will likely continue to keep the cost of construction competitive.
Recovery of the overall economy and a thawing of the credit markets could be the indicators that the construction industry may anticipate potential improvement in future construction volumes.
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Legislating green construction
Posted on September 10, 2009 at 6:58 am
Their prospects for wholesale passage aren’t great, but the various versions of climate-change legislation include ambitious targets for lowering the energy usage of residential and commercial buildings. Baker Donelson’s construction practice breaks them down and says that, “if passed, the House bill will no doubt significantly increase the usage of the LEED rating system because all new buildings will already be meeting many of its provisions anyway.”
SEE ALSO: Our recent story on the legalities of green construction going bad, something that builders and developers will have to deal with more in the future
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Local contractor sues over VW bidding process
Posted on September 8, 2009 at 9:52 am
D.F. Chase and an Illinois company have sued various groups involved in the awarding of several construction contracts at Volkswagen’s rising Chattanooga campus.
SEE ALSO: D.F. Chase’s two contract wins in Chattanooga
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American Constructors starts on Spring Hill school
Posted on August 28, 2009 at 6:38 am
The Brentwood-based contractor will manage the construction of the $30 million Spring Hill High School and has begun $2 million worth of site work.
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Another sign of the bottom for LP
Posted on August 24, 2009 at 2:34 pmWord from the forests is that wood prices are stabilizing.
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Home contractor hosts green contest
Posted on August 20, 2009 at 10:06 am
A division of local contractors Broderick Builders, Green Hills Handyman, is hosting a contest for homeowners looking to “green up” their homes. The contest calls for homeowners to submit a 500-word essay about what sustainable improvements they would do to their home with a $5,000 budget.
The winning entry will receive the sum for material and labor for their chosen project. The contest runs through October 15. For more details, see the release.
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