This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.
This Website Uses Cookies
By closing this message or continuing to use our site, you agree to our cookie policy. Learn More
This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.
search
cart
facebook twitter linkedin youtube
  • Sign In
  • Create Account
  • Sign Out
  • My Account
  • News
    • Newswire
  • Southwest
  • Features
    • Projects
    • Companies
  • Top Lists
  • Current Issue
  • Blogs
  • Submit Your Photos
    • People
    • Projects
    • Events
  • Resources
    • Proposals & bids
    • Industry Jobs
    • Subscribe
    • eNewsletter
    • Events
    • Advertise
    • Reprints and Plaques
    • Staff Directory
    • Construction Cities
  • ENR Home
  • Other Regions
    • ENR Home
    • California
    • MidAtlantic
    • Midwest
    • Mountain States
    • New York
    • New England
    • Northwest
    • Southeast
    • Southwest
    • Texas & Louisiana
Home » 2014 Forecast Shows Gains, But No New Boom
Southwest Construction ProjectsSouthwest

2014 Forecast Shows Gains, But No New Boom

2014 Forecast Shows Gains, But No New Boom
Sonoran Boulevard to Cave Creek Road, Phoenix, Ariz.

Photo by Ronnie Dale Louis Photography.
2014 Forecast Shows Gains, But No New Boom
Sonoran Boulevard to Cave Creek Road, Phoenix, Ariz.

Photo by Desert View Aerial Photography
2014 Forecast Shows Gains, But No New Boom
Sonoran Boulevard to Cave Creek Road, Phoenix, Ariz.

Photo by Haydon Building Corp.
2014 Forecast Shows Gains, But No New Boom
2014 Forecast Shows Gains, But No New Boom
2014 Forecast Shows Gains, But No New Boom
November 11, 2013
John Guzzon
Reprints
No Comments

After the dark days of the recent downturn, construction and engineering firms in the Southwest and across the country are experiencing the benefits of an industry that is trending positively.

Image courtesy of Gening
Echelon, the city's first new casino-hotel development since 2010, will start construction in 2014.
Image courtesy of DAVIS
The Marina Heights project along Tempe Town Lake will add 2 million sq ft of office space. State Farm has signed on to be the anchor tenant.

The evidence is spread throughout the Southwest.

In Las Vegas, one of the metropolitan areas where the construction sector was hit hardest by the recession, it has been nearly three years since a new hotel-casino has opened. But Genting Group, a newcomer to Las Vegas, has purchased the abandoned Echelon steel skeleton and will develop a new mega-resort that is scheduled to begin construction in 2014.

Renovation projects as well as retail and entertainment projects have kept the industry afloat over the past couple of years and are also slated to continue in the future. Perhaps the most high-profile project is MGM Resorts and AEG's development of a $350-million, 20,000-seat sports and entertainment arena between New York-New York and the Monte Carlo.

In Arizona, the largest office development in the state's history will hit high gear along Tempe Town Lake. The 2,000,000-sq-ft, $300-million project will house a State Farm operations center.

Renovations and new construction at Sky Harbor Airport in Phoenix are expected to begin more than six years after they were initially proposed. The $500-million modernization plan will increase visitor flow and add a new concourse.

Boom Times Lurking?

While these projects are good news and a modicum of evidence that the industry and economy as a whole are no longer at the bottom of the downturn, the boom times are still lurking somewhere in the future.

"We think that 2014 might be the volume recovery year, but maybe not the profit recovery year," says Mark Minter, executive director of the Arizona Builders Alliance. "We are seeing work start to pick up, but as everybody tries to build backlog, margins are still historically low."

The situation is not much different across the Southwest.

Previous 1 2 Next

ENR Subscribe

Recent Articles by John Guzzon

ENR Southwest's 2019 Best Projects: Innovation, Skillful Renovations Lauded

Meet ENR’s Southwest 2019 Excellence in Safety Award Winners

Labor Woes Persist As Specialty Firms Strive To Meet Demand

John Guzzon is Editor of ENR Southwest.

Related Articles

Southwest Construction Employment Staggered In 2014 But Shows Signs Of Life

Construction Gains No Jobs in June, but Jobless Rate Dips

Related Events

2019 Construction Forecast: Boom, Bust or Draw?

Post a comment to this article

Report Abusive Comment


Top Lists

Top Design FirmsTop Design Firms
Southwest Design Firms’ Success Hinges On Innovation


Top ContractorsTop Contractors
Energy Storage, Robotics To Shape Region’s Future


Top Specialty ContractorsTop Specialty Contractors
Labor Woes Persist As Specialty Firms Strive To Meet Demand



Industry Jobs

Videos

ENR Proposals and Bids


ENR Twitter
Tweets by @ENR_SW

ENR

ENR December 16, 2019 cover

Dec 16, 2019

To attract a broader and more diverse workforce, companies and unions are courting the LGBTQ+ community and strengthening recruiting and retention efforts.

View More Create Account
  • Resources
    • advertise
    • contact us
    • about us
    • photo submissions
    • customer service
    • digital edition
    • Survey And Sample
  • Subscription Center
    • Subscribe
    • Website Registration
    • Privacy Policy
    • eNewsletters
    • FAQ
  • Multimedia
    • Videos
    • Slideshows
    • Photo Contest

Copyright ©2019. All Rights Reserved BNP Media.

Design, CMS, Hosting & Web Development :: ePublishing