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Inflation Reduction Act: What’s In It for Commercial Real Estate?

2 years ago
From Commercial Observer:  The Inflation Reduction Act (IRA) is a climate bill by another name, and a historic one at that. The legislation, passed in August and signed into law by President Joe Biden, is designed to reduce the nation’s carbon footprint by jump-starting innovation and adoption of cleaner energy sources. In particular, the legislation […]
Shruthi Beedu

Dual-Brand Hotel PIPs Create Design, Financial Opportunities

2 years ago
From Gensler:  Throughout the pandemic, we have seen more and more property improvement plans, and for good reason: Renovating and refreshing brands with existing assets can sometimes be more palatable for developers and investors than ground-up hotel construction in an unsteady and uncertain market. Over the past few years, hotel developers have shown particular interest […]
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How to Recruit and Retain New Hires During the Great Resignation

2 years ago
From FacilitiesNet:  Thanks to the COVID-19 pandemic and the “Great Resignation” that has followed, there has been a mass exodus of workers across all industries. To put it in perspective, in September 2021, the same month federal unemployment insurance benefits ended, 4.4 million U.S. workers quit their jobs. One month later, another 4.2 million employees […]
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Forum Drone Captures Watson Road Comeback

2 years ago
This week Louis Kelly Construction Forum drone photographer and owner of Drone Eagle LLC, captured images of “The Preserve,” a residential project which is part of the new development taking place down the Watson Road corridor from Sappington Road to MacKenzie Road.  When the Zorensky brothers opened Crestwood Plaza at the intersection of Sappington and […]
Tom Finan

OPPORTUNITY REPORT: What Are We Afraid Of?

2 years ago
by Ron Unterreiner, Founder, PEOPLE of Construction Editor’s note: “Opportunity Report” is a regular feature of ConstructForSTL.org — a column by PEOPLE of Construction Founder Ron Unterreiner that we’re calling “Opportunity Report”. Martin Luther King wrote, “The struggle for rights is, at bottom, a struggle for opportunities.” Dr. King noted that it does no good […]
Tom Finan

The Carbon Innovations Hiding in Plain Sight

2 years ago
From Gensler:  The world is warming at an alarming rate, and consumers have set their sights on flashy, eye-catching products that offer high-tech solutions to reduce carbon emissions. Electric vehicles and smart thermostats are examples of incredible technologies that will drive us toward more sustainable lifestyles. These high-tech solutions generate their own demand; the shiny […]
Dede Hance

Recent Flash Floods Highlight Risks of New Rainfall Extremes

2 years ago
From St. Louis Post-Dispatch:  In the early morning hours of July 26, many area residents awoke to floodwater filling their homes, or to the din of blaring car alarms from vehicles getting overtaken by murky brown water. Too much rain was falling far too fast. The weather system dumped more than 9 inches on St. […]
Shruthi Beedu

Commercial Buildings Can Lead the Way to An All-Electric Future

2 years ago
From FacilitiesNet:  Electrification of commercial buildings, such as office, educational, and retail facilities, has not seen the same momentum as in residential and apartment buildings. For commercial building electrification, advances in technology and fundamental questions of technical feasibility, cost, and value continue to be a challenge. But this is beginning to change. States like New […]
Dede Hance

PERSPECTIVE: Can We Get It Right This Time?

2 years ago
by Tom Finan, Executive Director/Co-Founder, Construction Forum On Dec. 6, the Forum will host the concluding segment of our 18-month, six-part series on systems change for an inclusive workforce. Online registration for the event, which is being held at the LiUNA Event Center on South Lindbergh, is free to attend and is now open for […]
Tom Finan

Glen Carbon Updated on Business Projects

2 years ago
From The Edwardsville Intelligencer:  Four new businesses opened in Glen Carbon during August, according to a Sept. 27 update by Building and Zoning Administrator Stacy Jose at a building and development committee meeting. In August, the village saw the opening of a tobacco and bait shop, a general cosmetology center, a pediatric therapy center and […]
Shruthi Beedu

Ground Broken on New Troy South Elementary

2 years ago
From Lincoln News: The next chapter of education in Lincoln County was written in the soil on Sept. 29 with the official groundbreaking of Troy South Elementary School. Board members, as well as local children, shoveled the first bit of dirt to celebrate the opening of construction for the new school, which is expected to be […]
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New Carmody MacDonald Sign Goes up on Clayton Office Tower

2 years ago
A new Carmody MacDonald P.C. sign has gone up on the exterior of a high-rise office tower, known as the PNC Center, at 120 S. Central Avenue in downtown Clayton after the law firm recently expanded its space inside the building to include more than 40,000 square feet over three floors. Carmody MacDonald moved into […]
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Contegra Construction Co. Building Distribution Center in Kansas City

2 years ago
Contegra Construction Co. is targeting a year-end completion for the newest distribution facility at Blue River Commerce Center in Kansas City, Mo. The 390,943-square-foot distribution center will be the fourth of seven buildings planned at the 226-acre Blue River Class A industrial campus launched by NorthPoint Development in 2021. The South Kansas City Chamber of […]
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Kwame Foundation selects Lydia Huston as new Executive Director

2 years ago
Kwame Foundation, the philanthropic arm of Kwame Building Group, has selected Lydia Huston as its new Executive Director. In this role, Huston will oversee daily operations, apply multidimensional fundraising and community relations initiatives and implement year-round philanthropic activities through the organization’s existing events and programs. Since 2003, the organization has contributed nearly $3 million in […]
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Community Input Needed to Reimagine Steinberg Skating Rink

2 years ago
From St. Louis Business Journal:  It’s been a staple in St. Louis for more than 60 years. The Steinberg Skating Rink in Forest Park has created memories for families and visitors every winter. Now, the city of St. Louis wants to create more memories that can be made all year long. That’s why they’re asking for […]
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7-Story Apartment Building Planned at 201-215 North Meramec in Clayton

2 years ago
From St. Louis Business Journal:  At 201-215 North Meramec, just north of Downtown Clayton, lies a field where several buildings used to stand. In May 2020, two office buildings and an apartment building were demolished with no development plan known. Uncertainty surrounding the future of the pandemic, and economy at the time, made for an interesting […]
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Developer Walks Away from Rehab of St. Louis’ Second-Largest Office Building

2 years ago
From St. Louis Business Journal:  A New York firm has dropped its plan to buy one of St. Louis’ largest vacant buildings and convert it into apartments. Brooklyn-based Carnegie Management Inc. has decided not to pursue a redevelopment at the long-vacant Railway Exchange at 615 Olive St. downtown, the company’s St. Louis-based broker, John Warren of […]
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Labor Department Backs Regional Workforce with $5.8M Grant

2 years ago
From The St. Louis American:  The Metro East will continue in assisting regional workforce development through a U.S. Labor Department grant. Madison County and the St. Louis region workforce innovation initiative has received a four-year, $5.8 million grant as part of the Apprenticeship Building America program. Southern Illinois University – Edwardsville and other institutions including […]
Shruthi Beedu

Incentives for Entertainment Venue in Midtown St. Louis Get Initial Approval

2 years ago
From Saint Louis Public Radio:  A massive entertainment venue and residential development in Midtown is a step closer to receiving needed incentives. The St. Louis Board of Aldermen on Friday voted 19-4 with four aldermen voting present to authorize $4.7 million in tax increment financing for the proposed redevelopment of the Armory, a massive building on […]
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