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N.C. Activity Down 1 Percent
While S.C.'s Up 5 Percent
McGraw-Hill Construction reported that the value of November
contracts for future construction activity decreased by 1
percent in North Carolina, while improving by 5 percent in
South Carolina, compared to the same period a year ago.
In North Carolina, the most recent month's 1-percent decrease
resulted in a nearly $1.6 billion contract total for the month.
The residential sector increased again, by 17 percent, to
end at approximately $995.3 million, while nonbuilding contracts
improved by 41 percent to total roughly $233.4 million. The
value of nonresidential contracts declined by 37 percent,
however, to a total estimate of approximately $376.8 million.
Year-to-date, 2004 North Carolina contract activity has increased
by 12 percent over 2003 to total approximately $19.4 billion.
Nonresidential is 8 percent behind 2003's pace, with nearly
$4.3 billion in contracts reported to date. Residential construction
has increased by 20 percent to total roughly $12.8 billion,
and the nonbuilding sector is estimated to be 19 percent ahead
for the year, with approximately $2.3 billion in contracts
reported.
The value of South Carolina activity increased by 5 percent
in November, with the nonbuilding category providing all of
the improvement. The nonbuilding category improved by 79 percent
for a monthly total of roughly $178.2 million, compared to
last November's $99.5 million. The nonresidential category
declined by 17 percent from last November's $186.8 million
figure, and totaled approximately $154.8 million. Residential
also declined, by 3 percent, to total roughly $434.6 million.
The total value of November contracts was roughly $767.6 million.
Year-to-date, the value of new contracts in South Carolina
is estimated at roughly $10.9 billion, or 23 percent ahead
of 2003's pace. Nonbuilding construction is an estimated 51
percent ahead, with roughly $2.3 billion in contracts reported
so far. Nonresidential, with an estimated value of approximately
$2.7 billion, has improved by 22 percent for the year, while
the value of residential contracts, estimated at nearly $6
billion, has improved by 15 percent.
ABC of the Carolinas
Presents Annual Awards
The Associated Builders and Contractors of the Carolinas,
Charlotte, recently recognized eight contractors at its Third
Annual Evening of Excellence awards banquet, held at The Speedway
Club at Lowe's Motor Speedway. Firms receiving Awards of Excellence,
ABC's highest honor of distinction, included:
- Port City Electric of Mooresville, N.C., for its West
Expansion at Gaston Memorial Hospital project.
- Joint venture partners F.N. Thompson Co. and Tyler 2 Construction,
both of Charlotte, for their joint construction of the Residence
Halls at Johnson & Wales University in Charlotte.
- Rodgers Builders of Charlotte for its Presbyterian Hospital
Women's Center's Expansion and Renovation project in Charlotte.
Firms and projects recognized with an "Award of Merit"
included:
- TST Construction Group of Huntersville, N.C., for its
Oneo Bistro and Wine Bar project.
- Centex Construction Co. of Charlotte for its Bank of America
Center City Charlotte Branch project.
- Skanska USA Building of Charlotte for its Center for Interdisciplinary
Engineering, Medicine & Applied Sciences project at
Duke University.
- Bovis Lend Lease of Charlotte for its Outpatient Comprehensive
Cancer Center at Wake Forest University Baptist Medical
Center.
- Brasfield & Gorrie of Raleigh, N.C., for Presbyterian
Hospital in Huntersville, N.C.
The association also recognized Brad Thorne of Watson Electrical
Construction Co., Wilson, N.C., as the "2004 Carolinas
Craft Professional of the Year."
Batson-Cook to Renovate
Wachovia Main Building in Charlotte
Batson-Cook recently began construction on the renovation
of the Wachovia Main building in downtown Charlotte. This
$26.7 million project includes an overhaul of both the interior
as well as the exterior of the 12-story, 300,000-sq.-ft. office
building.
The building shell renovation will also include the construction
of a new skin, new roof, new core and new mechanical, electrical,
plumbing and fire protections systems. The contractor will
finish out floors two through 12 for use as Wachovia office
space. The first floor will be used as retail space.
Summit Contractors Building Puller Place
Apartments
McClain Barr & Associates of Summerfield, N.C., has chosen
Summit Contractors of Jacksonville, Fla., to build its newest
multifamily development in Jacksonville, N.C. Puller Place
Apartments is under construction and when complete will house
240 units in 10 buildings.
The completion date is December. Miller/Player & Associates
Architects and Planners Ltd. of Greenville, S.C., is the project
architect.
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