Residential

Building high-quality apartments in secondary and tertiary markets is a strategy that is proving successful for Vintala Partners and its new luxury apartment development called The District in south Baton Rouge, La., is an excellent example. The 312-unit development will offer luxury and innovation at an affordable price in an attractive location when it opens next summer.

At The Legacy Collection, Warmington Residential wanted to establish the unique character of the community and drive homebuyer interest – and it appears to be succeeding on both counts. The first new home opportunity in Ladera Ranch, Calif., in five years, the community was originally slated to include 28 home sites, but due to demand, an additional 20 home sites were obtained. Today, as sales releases have been accelerated to meet this demand, 43 of the 48 homes have been released for sale, and 36 have been sold.

“The Legacy Collection presented an opportunity for Warmington Residential to re-enter both the Orange County market and the luxury home market on spectacular custom lots with a product that showcased our ability to respond to consumers and provide what they really wanted, which was quite different from what was already available in the 8,500-plus home Ladera Ranch master plan,” Warmington Residential President and CEO Jim Warmington Jr. relates. “The neighborhood enabled us to prove to potential buyers, equity partners and lenders that despite the uncertainty in the market at the time the neighborhood was introduced, that Warmington could succeed by designing homes that catered to a niche market.”

Progressive Foam Technologies Inc. believes mastery of one product type and industry is preferable to competence in multiple markets. “Most other foam companies make insulation as well as a number of completely different product types like packaging, foam cups, food service containers or any number of other products,” Vice President of Sales Jason Culpepper says. “Our focus is 100 percent on the siding insulation industry, and our goal every day is to be the best provider of siding insulation on the market.”

Since 1992, the Beach City, Ohio-based company has manufactured, designed and sold innovative siding insulation products embraced by residential contractors across the United States and Canada. Progressive Foam’s flagship product is Fullback, a contoured insulation product that fits between siding and exterior walls in the exact shape of the siding, improving its durability and lifespan. Initially designed and patented specifically for use with vinyl siding, Fullback today is also available for use with fiber cement and steel siding.

Housing for many oil workers in North Dakota leaves a lot to be desired, but NDD Group is stepping in to do its part to design and build long-term-stay housing to help solve an oil-rush housing crisis.

As tens of thousands of workers flooded into the Bakken oilfields, the shortage of housing in these areas led real estate developer Robert Gavin to spend 18 months researching the unique situation. He met with landowners and developed relationships with government planners and tribal leaders to perfect a model to develop housing for the oil services industry in the area. With production in the Bakken oilfields continuing at a brisk pace and showing no signs of letting up, Phase 1 of the Great American Lodge near Watford City, N.D., is reaching completion. 

With fuel costs increasing worldwide and transportation costs associated with importing diesel fuel (which is used to generate electricity on Grand Cayman), homeowners in Cayman are looking for ways to be energy-efficient and environmentally friendly. Owners of the luxury homes, villas and condominiums at NCB Group’s Cypress Pointe North on Grand Cayman will appreciate the project’s innovative integration of solar electricity generation and the use of geothermal cooling and water heating.

“Solar panels are becoming more affordable, and homeowners are exploring alternative energy sources,” NCB Group Managing Director Matthew Wight declares. “In the Cayman Islands, the national utilities company allows customers who use solar panels to sell the power they generate back to the grid.”

Depending on the electrical usage of the residents, they may be able to generate as much electricity as they use. “Based on our calculation, it will be very close,” Wight says. “The idea is that we’re trying to offset the cost with the production. Residents should get close to a net zero scenario.” Another sustainable feature are the cisterns below grade that catch rainwater for irrigating the native plants with which the community is landscaped.

Kinzie Builders [a part of Kinzie Real Estate Group] may be a new name in the Chicago-area real estate scene, but its leadership and staff are well versed in developing and building residential properties. The company, founded in 2011, taps into the knowledge and relationships fostered by founder and President Steve Spinell and other key staff members to successfully complete projects. Spinell brings more than 25 years of real estate development and consulting experience to his position.

The company employs a staff of experienced engineers and industry experts who help Kinzie guide projects in conjunction with other parties. “Our group is made up of forward-thinking project managers with a strong attention to detail; we are problem-solvers and because of that, we can deliver a great product and manage the process better than most,” Spinell says.

Collectively, Spinell and other company leaders have built more than $1 billion dollars of real estate development over the past 25 years. 

Milford Terrell founded DeBest Plumbing Inc. in 1973, and named the business after his goal of building “the best plumbing company in the Idaho region.” He explains, however, that DeBest only is able to offer the best plumbing services because it is staffed by highly skilled people. 

“When you look at the company as a whole, our people have been very important to our success,” Terrell says. “We’ve been very successful through economic ups and downs, and I believe that is because of our great personnel and the great support we provide to clients.”

Based in Boise, DeBest offers plumbing and mechanical contracting on residential, service, large remodel, commercial and industrial projects. Terrell notes that from scheduling and estimating to implementation, the company brings knowledge and professionalism to every project to ensure it adheres to client controls and standards, and remains flexible to each project’s changing requirements. This is how he has always worked and these are the standards he has set for his company. 

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