With about 2.8 million sq ft of space planned, the mixed-use Reston Station development aims to deliver a mix of transit-oriented facilities on 12 acres in northern Virginia.
Related Links: Complete 2015 Economic Forecast (subscription required) The construction recovery in 2014 had two major players: A non-residential building market that outperformed expectations and a homebuilding market that fell below expectations. The combined effect will be an estimated 5% increase in the dollar value of construction starts this year, according to McGraw Hill Construction's Dodge Data & Analytics. A year ago, Dodge expected the total construction market to grow 9% in 2014.Dodge predicts that the recovery will regain momentum in 2015, when construction starts are expected to increase 9%. Dodge announced its 2015 forecast during the Outlook Executive Conference
After steady growth in 2014, the construction industry could see a strong uptick in construction starts in 2015, according to Dodge Data & Analytics. Dodge forecasts that the total value of construction starts could reach $612 billion next year—up 9% from 2014.The residential, commercial and institutional sectors, in particular, are expected to boost activity.Dodge estimates that 2014 will close out with $563.9 billion in starts—a 5% increase over 2013. That tally is well above the $550 billion total that Dodge initially forecast for the year.Total construction starts have made solid gains since 2012, led by the residential sectors. However, a
Related Links: Feds Step Up Quest for Private Infrastructure Financing With the Obama administration weeks away from issuing recommendations for how to speed delivery of infrastructure projects and streamline private-sector financing, Vice President Joe Biden is advocating more private investment in infrastructure.Biden, speaking on Oct. 28 at the North American Strategic Infrastructure Leadership Forum in Washington, D.C., said improving and expanding infrastructure is a critical component in future U.S. job growth, highlighting a need for more public-private partnerships.“All the government can do is act as a catalyst,” he told the government and industry officials attending the conference. “You are creating
After years in the doldrums, many specialty contractors have seen improved market conditions this year and are spotting signs of an even better market in 2015.
Garney Holding Garney Holding Co. (No. 23) crew pumps concrete for a water reservoir project in Centennial, Colo. for Denver Water. The project, designed by Brown & Caldwell (No. 36), is set to finish in 2015. Related Links: The 2014 Top 200 Environmental Firms-List and Market Analyses (ENR subscription only) Top 200 Environmental Firms 2014: Weeks Marine Finds Green Niches Collapse of Contractor Lakeshore TolTest Corp. Leaves a Messy Trail Spurred by the accelerating need for environmental services in the oil-and-gas boom and growth overseas, the Top 200 Environmental Firms, as a whole, managed to hike their revenue nearly 4%,
Several contractors in the mid-Atlantic region continue to report a gradual rise in revenue, but most firms in the area have not yet seen business strengthen to where it was before the recession.
Image Courtesy of Bentley Software offerings significantly cut planning time. Bentley's ProjectWise Construction Work Package Server enables portions of a model to be color-coded to show project status. Related Links: Teams Drive Detailed Construction Planning Into the Design Phase Helping Teams Advance Work Packages Technology platforms are evolving quickly in their ability to improve work-packaging capabilities for multidiscipline project teams. Like the rise of web-based software before it, platforms-as-a-service now enable teams to integrate project data from multiple sources as well as collaborate more easily during the planning process.Bentley has released its ProjectWise Construction Work Package Server, which offers software
