Residential

AllianceAlliance Residential Company caters to millennials seeking high-end living without long-term commitment.

By Kat Zeman

As the millennial generation moves into its prime spending years, it is forcing many companies to reexamine how they do business. When it comes to real estate, the tech-savvy generation is slower to commit to purchasing a condo or a home. Freedom outweighs the burden of ownership.

Novak Construction picLake and Aberdeen rises in a fast-growing area of Chicago.

By Chris Kelsch

Chicago’s Fulton Market has become a very trendy place in recent years. Along its West Randolph Street corridor are a significant number of trendy restaurants, as well as high-end boutique hotels. Adding to that mix, an increasing number of corporations have built facilities in the West Loop, including Google and now McDonald’s, which broke ground on its new global headquarters in 2016 and is set to move in spring 2018.

As the area expands, there is growing need for retail shops, more office space and of course housing, as more people choose to live close to Chicago’s Loop. With Lake and Aberdeen, Novak Construction hopes to meet demand for all of those segments.

The company is serving as the general contractor for the 12-story, 200,000-square-foot building. Bob Burris has been with Novak since 2006, and is serving as project manager on the building. “With Google and now McDonald’s close by, we’re seeing a lot of opportunity for both office space and residential space,” Burris says. “With this building, there will be significant office space with a separate lobby entrance.”

Tridel picTridel is building a skyline-altering triangular-shaped condo development in Toronto.

By Kat Zeman

In the heart of Toronto’s downtown, a new 70-story condominium project is beginning to take shape.

Steps away from the city’s waterfront, the upcoming Ten York condo development will soar up from a very unique triangular-shaped wedge alongside Toronto’s major city artery. 

“It is wedged between a major highway and a triangle of roads … and it’s in the shape of a triangle,” says Vince Mirarchi, senior project manager.

The iconic skyline-altering addition to Toronto’s existing architectural marvels is the brainchild of Tridel, a major real estate developer based in Toronto. The $200 million project features high-end condos that will range in price from $350,000 to $4 million per unit. Though the project won’t be compete until 2018, roughly 97 percent of the condos have already sold, Mirarchi notes.

BLDG ManagementBLDG Management is developing an upscale and eye-catching apartment complex in Manhattan.

By Kat Zeman

A major player on the New York City real estate scene, BLDG Management is bringing a luxurious and amenity-studded apartment building to midtown Manhattan. Shaped like a trapezoid, the $350 million Summit complex intersects two city streets. The 43-story, 300,000-square-foot building is scheduled for occupancy in spring 2018. 

Watkins LandmarkWatkins Landmark Construction prides itself on delivering cutting-edge projects that leave a lasting impression on clients and communities.
By Bianca Herron

In 2004, Jody Watkins founded Watkins Landmark Construction in San Diego. His goal was to build a construction company that specialized in cutting-edge projects that left a lasting impression on the client, end-users and the surrounding community.

Today, the company has more than 70 employees and three offices throughout southern California, including its corporate headquarters in Carlsbad, an Indian Wells office and new location in Anaheim. Watkins Landmark is also looking to expand into the San Francisco and San Jose areas as well.

“We have worked on quite a few historical landmarks, buildings and community centers that are well-known in the community,” Vice President of Business Development Dean Schumacher says. “We try to keep that at the forefront of what we do and pursue.”

Webcor Bancroft picWebcor returns to a familiar California campus to build Bancroft Residence Hall.

By Chris Kelsch

The University of California, Berkeley is considered one of the finest public learning institutions in the United States. But like many universities it is facing a housing crunch. To help combat that shortage construction of the Bancroft Residence Hall, a new student housing facility just off its main campus, is underway.

Bancroft Residence Hall will be directly across from the newly renovated student union and a short walk to most university facilities. Designed by SCB, the eight-story dormitory is expected to house first-year students and will encompass 186,000 square feet. When completed, the dorm will offer beds for 783 students, plus study and activity space.

Additionally 7,000 square feet of retail space will be offered on the ground floor. An 11,000-square-foot community center will include a study area and meeting rooms, state-of-the-art fitness center, and student lounges.

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