Commercial

Zapalac Reed picDomain Tower incorporates natural elements to serve Austin’s thriving tech corridor.

By Chris Kelsch

The city of Austin, Texas, is known for many things. In addition to being the capital of Texas, it is also “The Live Music Capital of the World.” More recently, it adopted the nickname “Silicon Hills” due to an influx of technology companies.

Google, Amazon, eBay, Intel and Oracle all having regional headquarters there. In fact, U.S. News & World Report named Austin “the best place to live in the U.S.” for 2017, and by some estimates it is the fastest-growing city in the United States.

Among the many elements of Austin that continue to grow are its thriving technology and financial sectors. There is strong demand in those markets for newly constructed Class A office space so companies can elevate their corporate brands and attract talented professionals.

Many technology start-ups have gravitated to Austin’s northwest corner, with some even calling it Austin’s Tech Corridor.  The latest project there is meant to meet some of that demand. Domain Tower will be a 310,000-square–foot, 11-story office building with an adjacent eight-level garage. General contractor and long-time Austin builder Zapalac/Reed expects to complete the $58 million project in June 2018.

Shelco pic5000 CentreGreen is the latest example of Highwoods’ practice of building in markets it knows well.

By Chris Kelsch

To understand what has driven the recent success of Highwoods Properties, one needs to become familiar with the term “BBD.” It is an acronym for “Best Business District” and is the primary focus of where Highwoods likes to develop and manage properties.

According to Highwoods, BBDs are highly energized, infill business communities that enhance their customers ability to attract and retain employees as well as their own customers. BBDs are typically surrounded by lots of amenities and are well-located within larger metropolitan areas.

One of those larger areas is Highwoods’ hometown of Raleigh, N.C., which has seen tremendous growth thanks to a booming high-tech start-up culture. Additionally, the presence of three major universities – Duke, North Carolina State and the University of North Carolina at Chapel Hill continues to ensure there are plenty of good jobs and an available talent pool in the area.

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McCord Development Generation Park picPhoto Courtesy of McCord Development

McCord Development honors its late founder’s vision of a 4,000-acre master-planned economic center in northeast Houston.
By Jim Harris

In 2012, shortly after closing the first deal to build on land in northeast Houston owned by his company, McCord Development Founder Rick McCord took a fishing trip that routed him through Dubai. When he returned, he had a challenge for his son, Ryan, who today is the company’s president.

“He told me I have to step up my game and develop this more like Dubai – that’s how high we’ve set the bar,” Ryan McCord says.

Fabcon Precast picFabcon Precast gets better, stronger and faster by implementing lean initiatives throughout its organization.

By Janice Hoppe-Spiers

Fabcon Precast has uniquely positioned itself in the construction and manufacturing industries over the past 45 years as a complete turnkey operation, specializing in manufacturing and erecting precast concrete. “Fabcon provides unmatched design-to-installation services for the world’s lightest and strongest precast concrete wall panels,” the company says.

Metcalf Builders picMBI leverages its hotel building experience for a new Hyatt House and Hyatt Place hotel project in Silicon Valley.

By Chris Kelsch

Technology clearly isn’t the only business booming in California’s Silicon Valley. As that industry continues to flourish, there is significant demand for business-centered hotels not just in the San Jose area, but all throughout the San Francisco peninsula.

Hence the need for a Hyatt House and Hyatt Place project, a 21-month build that broke ground in the late summer of 2016 and is expected to finish in May 2018. Given the activity surrounding the project, it’s easy to see the need for its development. A massive office project will add about 2 million square feet of office space right across the street. Additionally, Samsung Semiconductor is building a 680,000-square-foot headquarters just down the road from the Hyatt site. 

American Permalight picFor nearly 30 years, American PERMALIGHT has been guiding customers to safety with its products.
By Marina Batzke, general manager, American PERMALIGHT Inc.

Back in 1993, during the first terrorist bomb attack at the New York City World Trade Center (WTC), an explosion in the parking garage disrupted the WTC’s main electrical power line and knocked out the emergency lighting. The smoke that was generated rose up to the 93rd floor of both WTC towers, even into the emergency staircases. Building occupants evacuated for hours, many through smoke. As improvement following this event, the Port Authority of New York and New Jersey (owners of the twin towers) installed photoluminescent exit path markings on each step edge, each landing and on both sides of the handrails inside the emergency staircases in 1994.

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