Architectural firm HKS Inc., Dallas, will join Germany-based Tilke Engineers and Architects in the design and construction of a $250-million Formula One racing complex in Austin, Texas. Tilke is leading the project; HKS will serve as the architect of record. The 3.4-mile track, with its 133 feet of elevation change and 20 turns, is slated to host the U.S. Grand Prix through at least 2021. Developers say work on the 900-acre complex is expected to start in December. The project includes a visitors’ driving/riding experience, a conference building, a motor sports club, go-kart track and a multipurpose fan area. HKS,
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.