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This year’s powerful storm season left a wake of destruction, but opportunities to rebuild abound as states move into hurricane construction, digging out from storm damage. Hurricanes Harvey and Irma caused economic losses in Texas and Florida of $168 billion, according to estimates in a report by Moody’s Analytics. As Texas and Florida residents recover from the storms, the Moody’s report expects …
The multi-family construction market was strong in the first half of 2017, according to a Freddie Mac review, and indicators suggest it will stay that way. New builds of multi-family housing pushed supply up and pressed vacancy rates down. The report also signaled that economic growth will continue to support strong multifamily fundamentals for the foreseeable future. Demographic drivers like …
The luxurious Avery Place apartments are now underway in Pompano Beach, Florida. The eight-story building will feature 145 units with high-tech security systems and keyless entry locks. The Fort Lauderdale Daily reports about the Avery Place apartments: The apartments will be Wi-Fi ready and will have built-in USB chargers, keyless unit entry locks and high-tech security systems. Other amenities include interior sliding …
A spring 2018 groundbreaking is planned for a Hampton Inn in Montpelier, Vermont. The building will include 84 rooms and a new parking garage. It’s a $17 million project that local leaders expect to add to the revitalization of the city’s downtown district. The new hotel will be located adjacent tot he Capitol Plaza Hotel on State Street. Both hotels …
