Northwest City Scoop: Construction Starts in Seattle
Overall Construction Spending Expected to Decline 12% as Non- Residential Work Falls Sharply
Residential activity forecast to hold steady, while highway and bridge work should post gains this year.
City Grill
Dan Peyovich
President, Northwest Operations
Balfour Beatty
A number of large projects are driving the Seattle market, says Peyovich, pointing to construction at the Seattle-Tacoma International Airport and Tacoma Convention Center as well as Microsoft and Amazon’s continued growth. “These really big mega-jobs are pushing up the entirety of the marketplace,” he says. Sound Transit’s light-rail projects are also sparking residential and retail development in the city. Seattle’s office market, however, is cooling down, with less activity surrounding speculative buildings, Peyovich says.
Firm in Focus
Manson Construction Co.
5209 E. Marginal Way S., Seattle
President: Eric Haug
Employees: 225
Founded: 1905
What’s New: Manson’s local projects include work on the floating State Route 520 bridge in Seattle, rebuilding of the 100-year-old Elliott Bay seawall and the construction of the Great Wheel at Pier 57.
