Sundt Completes First Building at Benedictine Monastery

TUCSON, Arizona – Sundt Construction, Inc., recently completed the south residential building for the Benedictine. This is the first of two multi-family structures surrounding the historic Benedictine Monastery in midtown Tucson.

“This is a great milestone for our team on this noteworthy project,” said Ian McDowell, Sundt’s Vice President and Tucson Regional Director. “The hard work and dedication from our team and subcontractor partners were crucial to a successful completion.”

The south residential building at the Benedictine is a three-story and four-story concrete structure that includes 127 one and two-bedroom apartments. Once the north four-story building is complete, the development will feature 255 apartments and a two-level, 260-space parking garage.  Additional amenities include a café, pool and spa, fitness center, private courtyard, private garages, and surface parking.

The north building at the Benedictine is expected to open later this fall. The Sundt team will then finish off the project with the renovations inside the historic monastery building, including another 37 apartments and space for a future restaurant. The entire project will be completed next year. Poster Mirto McDonald serves as the architect on record.

Sundt opened its Tucson office in 1929. In the decades since, it has built notable landmarks across the Old Pueblo. The company is currently working on the UA’s Student Success District and the I-10 – Ruthrauff interchange.  Sundt recently completed the award-winning  Banner-University Medical Center Tucson’s new tower and the I-10 – Ina Interchange. The company continually ranks in the top five of ENR Southwest’s Top Contractors.

Sundt Construction, Inc. (www.sundt.com) is one of the country’s largest and most respected general contractors. The 131-year-old firm specializes in transportation, industrial, building, concrete and renewable power work and is owned entirely by its approximately 1,500-plus employees. Sundt is distinguished by its diverse capabilities and experience, unique employee-ownership culture and depth of self-perform expertise in nine major trades. Much of Sundt’s workforce is comprised of skilled craft professionals who, together with the company’s administrative employees, enable Sundt to fulfill its mission to be the most skilled builder in America. Sundt has 11 offices throughout California, Arizona, North Carolina, Texas and Utah and is currently ranked the country’s 58th largest construction company by ENR, the industry’s principal trade magazine.

PHOTO: Monastery Building Courtesy of Sundt Construction.

Cassidy Turley: Construction, Manufacturing & E-Commerce

cassidy TurleyCassidy Turley has released three national perspectives on Construction, Manufacturing and E-Commerce.

Construction – A Look at Trends

In the past two months much economic data has been on an uptick, tempering concerns that economic growth has stalled. Most economists agree that a strong year lies ahead. Cassidy Turley’s forecast is for real GDP to grow by 3% in 2014.

See the full report here Click Here.

Manufacturing – The Age of Innovation

“Made in the USA” is much more than a slogan. It speaks to the importance of manufacturing as an economic engine and, as such, an essential driver of commercial real estate demand. The impact of manufacturing on the economy, as well as the property markets, is immense. This critical sector supports an estimated 17.2 million jobs in the United States with 9% of the total workforce employed directly in these industrial enterprises.

See the full report Click Here.

The E-Commerce Crunch

Demand for distribution space to serve the needs of e-commerce, retailers and third-party logistics players is exploding now and will remain for the foreseeable future the single largest driving force behind industrial growth in the U. S. The industrial marketplace is simply on fire. While the nation’s office market is solidly in recovery mode and the retail and shopping center sectors are showing general signs of improvements, no other commercial real estate property type has come close to industrial in terms of overall occupancy growth over the past couple of years. And these totals are overwhelmingly being driven by e-commerce.

See full report Click Here.