Waikiki’s Ritz-Carlton Tower Part of Construction in Hawaii

Construction in Hawaii continues to expand as a new hotel and condominium residential tower nears completion in early 2016.

construction growthThe Ritz-Carlson Residences are under construction on Waikiki Beach at 2121 Kuhio Avenue.

The project consists of two towers combining condominiums, hotel rooms and retail businesses. It’s being developed by Pacrep LLC, an affiliate of prominent California real estate firm Irongate.

The first tower is expected to be finished by early 2016. In February 2015, the structure was completed up to the 24th of 38 floors. The 309 units in the tower have already sold out.

Retail shopping and dining facilities will be part of the first Ritz-Carlton Residences tower. The building is expected to include a BLT Market, BLT Bar & Grill, Sushi Sho and Hawaii’s first Dean & DeLuca, an upscale grocery store and market.

Groundbreaking for the second tower is anticipated in early spring of 2015. The second tower will be 39 stories tall and will contain 280 units. Construction is expected to take approximately two years, and completion is expected in 2017. Nearly 80 percent of the units in the second tower have already been sold.

The new Hawaii construction in Waikiki reflects a continued expansion of construction business and employment across the country and in Hawaii in particular.

Construction Monitor is the construction industry’s go-to source for the most accurate and up-to-date information on building permits, housing starts and industry trends. Contact us today for more information on current developments in Hawaii construction and what the expansion of projects in this area could mean for your business.

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Construction in New Jersey Downtown Areas Increasing Thanks to Zoning Changes

Zoning changes in some of New Jersey’s cities are bringing about an unprecedented increase in residential construction in downtown areas. Several downtown areas in New Jersey are being transformed by apartment buildings and residential units serving individual and multifamily clients.

The trend toward downtown residential construction is slowly reversing decades of housing trends that housed New Jersey residents outside of urban areas. The New Jersey construction trend could bring about the most significant change in New Jersey urban areas since the advent of shopping malls began to encroach on downtown commerce in the 1960s and 1970s.construction

Changes in downtown zoning that encourage residential construction are coming in response to demands from younger adults of the millennial generation, mostly individuals aged between 18 and 33 years old. These individuals are interested in living in urban areas with easy access to transportation, shopping and other amenities.

Older residents of suburban towns such as Hoboken, Hackensack, Fort Lee and Brooklyn will also benefit, as these residents are interested in downsizing their living quarters without leaving their familiar hometown areas.

The New Jersey Department of Community Affairs reports that more building permits for multifamily dwellings have been issued than permits for single and two-family residences in areas such as Bergen County.

Apartment buildings and residential construction projects are transforming downtown areas that haven’t seen much change in decades. For example, a 222-unit building is under construction a block from the Hackensack downtown area. Englewood’s downtown is the home to a 150-unit apartment building, Town Centre, and more downtown construction is being encouraged by the city council. In upscale Westwood, multi-use structures that include residential spaces are being built that reflect the boutique nature of the town.

Construction Monitor provides construction industry professionals with the most up-to-date inside information on building permits and construction trends. Contact us today for more information on developments in New Jersey construction and what the trend toward more residential units in the states urban areas could mean for your company.

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Top A/V Trends in Homes Across the U.S.

A/V home trendsToday’s home is both wired and networked, not only for convenience and security, but for entertainment, too, as A/V home trends increasingly demonstrate. Contractors who perform home entertainment or automation installations can verify that the market is expanding as the home becomes the entertainment hub of people’s lives. For both the consumer and the contractor tracking the latest A/V home trends, here are some of the directions the industry is heading: Continue reading Top A/V Trends in Homes Across the U.S.

Spending on Construction Across U.S. Unexpectedly Down in August

Spending on Construction Across U.S downSummer may be a traditionally busy time in the construction industry, but this August turned disappointing for many building professionals. Based in part of positive trends in U.S. construction spending, economists polled by Reuters had predicted a 0.5 percent spending increase for August. Considering July saw a spending uptick of 1.2 percent, the forecast seemed reasonably conservative. Continue reading Spending on Construction Across U.S. Unexpectedly Down in August

Home Remodeling Market Remains Busy as U.S. Homeowners Continue Making Improvements

home remodelingWhen the economy is sluggish, home remodeling often falls by the wayside in favor of basic maintenance. With the general economy picking up these days, however, there’s been a promising and steady increase in spending on remodeling. Continue reading Home Remodeling Market Remains Busy as U.S. Homeowners Continue Making Improvements

Construction Begins on High-End Apartments in Tempe

high end apartments in Tempe The Tempe construction scene has a new entrant you’ll want to keep an eye on if residential construction is an interest of yours. In early October, the boutique real estate developer OliverMcMillan broke ground on one of the most recent upscale residential developments in Tempe. Continue reading Construction Begins on High-End Apartments in Tempe

New Apple Headquarters Aiming to Be Greenest Building on Earth

new apple headquartersIn line with Apple’s corporate philosophy of creating the smallest environmental footprint possible, their new Apple headquarters in Cupertino, California, is being constructed to be a net-zero facility. This term refers to a building that produces its own renewable energy onsite. In addition, Apple strives to meet the highest Leadership in Energy and Environmental Design (LEED) standard at the platinum level.  Continue reading New Apple Headquarters Aiming to Be Greenest Building on Earth

Construction of First Station for All Aboard Florida’s Passenger Train Gets Underway

All Aboard Florida’s Passenger TrainThe privately funded and operated rail service between Fort Lauderdale and Miami broke ground on its Fort Lauderdale station in late October. This project, All Aboard Florida, will have a positive impact on Florida construction and once completed, will benefit the region’s commuters, tourists and the general public.  Continue reading Construction of First Station for All Aboard Florida’s Passenger Train Gets Underway

LAX Airport Construction of Modernized Terminal Breaks Ground