Developer Breaks Ground on Mixed-Use Tower in Fulton Market
News Summary Vista Property and Skender Construction have commenced construction on a 32-story mixed-use tower at 370 N. Morgan St. in Chicago’s Fulton Market district. The project will feature 494 apartments, including 99 affordable housing units, and will include retail spaces aimed to support local businesses. With a total area of 539,000 square feet and […]
White Oak Real Estate Capital Funds Major Build-to-Rent Project in Tuxedo, NY
News Summary White Oak Real Estate Capital has announced a $46.2 million loan for a new build-to-rent housing project in Tuxedo, NY. This initiative is part of Phase I of The Village at Tuxedo Reserve, which will add 93 rental units to the 1,200-acre community. As demand for multifamily housing grows, this project aims to […]
Convertus Group Launches Canada’s First Integrated Anaerobic Digestion Facility
News Summary Convertus Group has secured approvals to construct Canada’s first integrated anaerobic digestion and biofuels facility in York Region, Ontario. Set to begin operations in 2027, this facility will process up to 200,000 tons of organic waste annually, converting it into renewable natural gas and organic fertilizers. The project, which aims to significantly reduce […]
Australia’s Building Permits Show Strong Growth
News Summary Australia’s building permits data for June shows a significant rise, with 11,900 permits issued, up from 2,200 in May. This rebound suggests robust economic stability and renewed confidence in the construction sector. Government reforms aim to streamline building processes and enhance opportunities for millennials in home ownership, positioning Victoria as a thriving hub […]
Construction Halt on Calder Avenue in Beaumont Due to Utility Conflict
News Summary The construction project on Calder Avenue has been halted due to a utility conflict with AT&T caused by a damaged line. Local businesses are struggling with reduced traffic and access issues, leading to significant financial strain. The Texas Department of Transportation is working on resolving these issues, but no timeline has been set, […]
Jordan Foster Construction Secures Major Texas Highway Contracts
News Summary Jordan Foster Construction has been awarded two significant contracts totaling $183.3 million by the Texas Department of Transportation for highway improvements in Bexar and Bastrop Counties. The projects will enhance U.S. Highway 90 and State Highway 71, focusing on traffic flow and safety. The U.S. Highway 90 project aims to widen the road […]
University of Louisiana at Lafayette Launches Construction Management Program
News Summary The University of Louisiana at Lafayette is set to launch a groundbreaking construction management program this fall. This initiative aims to address the demand for skilled professionals in Louisiana’s construction industry by equipping students with essential skills. Collaborations with local firms like J.B. Mouton Construction and The Lemoine Company enhance the program’s practical […]
CoreTechnologie Launches 3D_Evolution Simplifier for BIM
News Summary CoreTechnologie has introduced its latest software tool, the 3D_Evolution Simplifier, designed to optimize the management of 3D models in building information modeling (BIM). This innovative tool automates the simplification and conversion processes, targeting professionals in architecture, construction, and engineering. By significantly reducing data sizes and enhancing model handling capabilities, it promises to streamline […]
Understanding the Role of Intellectual Property in Construction
News Summary Intellectual property (IP) is vital in the construction industry, influencing architectural designs, branding, and design tools. Effective IP management is crucial to avoid legal disputes and project delays. The article explores key aspects of IP, including ownership rights, licensing, and common misconceptions around architectural plans and trademarks, emphasizing the importance of clear agreements […]
Cocoa City Council Approves $95 Million Luxury Apartment Complex
News Summary The Cocoa City Council has approved a $95 million luxury apartment complex in Cocoa Village. The seven-story building will feature up to 241 upscale units and extensive amenities. It aims to bolster local business and economy by attracting new residents. The project may face some challenges, including rising construction costs and labor shortages, […]