Alloy on Lawrence, a new environmentally conscious residential project, has broken ground at 32nd and Lawrence in Denver’s RiNo (River North) neighborhood.
Led by growing demand for new schools, hospitals, cultural facilities and municipal buildings, the Architecture Billings Index (ABI) increased in May, following its second monthly drop this year. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lead time between architecture billings and construction spending.The American Institute of Architects reported the May ABI score was 51.9, up from a mark of 48.8 in April. This score reflects an increase in design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 61.5, up from a reading of 60.1 the
The Colorado Dept. of Transportation, the High Performance Transportation Enterprise and the Colorado Bridge have received five statements of qualification (SOQ) from private partners interested in building the I-70 East Project, which extends from Brighton Boulevard to I-225. The SOQs were received from combined teams of construction and engineering firms, operators and equity investors. CDOT is pursuing a possible public-private partnership to deliver I-70 East, based on a design-build-finance-operate-maintain (DBFOM) model for finance and delivery of the project. An SOQ is a summary of a team’s experience in the industry and that of similar projects, which helps CDOT begin the
The Colorado Dept. of Transportation celebrated the June 22 completion of Phase 1 of the U.S. 36 Express Lanes Project. CDOT was joined in the grand opening ceremony by its partners, the Regional Transportation District, the High Performance Transportation Enterprise, the U.S. Dept. of Transportation and the Federal Highway Administration. Along with elected officials and many stakeholders, the agencies marked the end of major construction impacts and the beginning of multi-modal choices on the newly reconstructed highway that connects Denver to Boulder. Photo courtesy of CDOT Colorado Gov. John Hickenlooper (center) leads the June 22 ribbon cutting for Phase 1
The Conference Board’s Consumer Confidence Index, which had improved moderately in May, increased further in June. The index now stands at 101.4 (1985=100), up from 94.6 in May. The Present Situation Index increased from 107.1 last month to 111.6 in June, while the Expectations Index advanced to 94.6 from 86.2 in May. Consumers’ assessment of current conditions improved again in June. Those saying business conditions are “good” increased from 24.7% to 26.4%, while those claiming business conditions are “bad” was virtually unchanged at 17.8%. Consumers were also more positive about the job market. Those stating jobs are “plentiful” increased from
Through the first five months of 2015, nonresidential construction spending is having its second best year since the Census Bureau began tracking the metric in 2002. According to the bureau’s July 1 release, nonresidential construction spending increased 1.1% on a month-over-month basis and 8.1% on a year-over-year basis. It totals $669.6 billion on a seasonally adjusted, annualized basis. From January to May, nonresidential spending expanded by 7.1%; the only year in which the segment saw faster growth was 2007. Since then, growth over each year’s initial five months has averaged only 1.8%.Perhaps the most notable aspect of May’s release was
A $156-million expansion is underway to consolidate University of Colorado athletic departments into one set of connected facilities. It is the largest-ever design-build sports project for the Denver office of Mortenson Construction, and the largest single-phase athletic expansion underway in the country. Mortenson is leading the design-build team and Denver-based Populous is the project architect. Related Links: CU System Selected as Mountain States Owner of the Year CU Boulder Rec Center Built With Sustainable Features The project includes a 220,000-sq-ft expansion of CU's iconic Folsom Field; a new 120,000-sq-ft, net-zero energy indoor practice facility (IPF); and a 550-stall, below-grade parking
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