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The development of the Gordon House site in the face of opposition

By Site development

A city committee voted against a rezoning request to allow the construction of a condominium on the former site of a historic house.

The plan called for the construction of a four-storey condo at 514 Wellington Crescent, on the site of the former Gordon House.

This structure was built in 1909 and demolished in November 2020. At the time, neighborhood residents and heritage groups opposed the demolition.

The new 24,000-square-foot structure that the developers plan to replace it with would include eight units and underground parking.

Planning, real estate and development staff have recommended approval of the zoning change, but the proposal faces opposition due to building height, tree removal and related issues. to parking and access to the driveway.

A Heritage Conservation District (HCD) application for the neighborhood is also pending. If approved, new requirements could be placed on the development to ensure that the character and appearance of the neighborhood is maintained.

A public hearing on the development before the downtown community committee brought together the property owner, area residents and heritage advocates.

The committee rejected the zoning change request as it stands. The motion will now be considered by council.

Sterling acquires Petillo, a leading specialist site development company

By Site development

THE WOODS, Texas – (COMMERCIAL THREAD) – Sterling Construction Company, Inc. (NasdaqGS: STRL) (“Sterling” or “the Company”) entered into a share purchase agreement and completed the acquisition of Petillo Incorporated and its related operating entities ( collectively “Petillo”) on December 30, 2021. Petillo is a leading provider of specialty site development solutions in the Northeast and Central Atlantic. Founded in 1994 by owner and CEO Michael Petillo, Petillo has experienced 29% compound revenue growth from 2017 to 2021 through continued expansion of its geographic footprint, customer base and service offerings. Petillo’s revenue and operating income in 2021 is expected to be approximately $ 212 million and $ 29 million, respectively.

“We are delighted to welcome the Petillo team, their culture and their capabilities to our electronics infrastructure solutions industry,” said Joe Cutillo, CEO of Sterling. “Their entrepreneurial spirit of delivering customer-centric solutions, coupled with their geographic footprint, will allow us to serve our major leading e-commerce customers across the East Coast with even more offerings than ever before. . Petillo’s capabilities along with our current Plateau capabilities will not only create one of the largest specialty site development companies in the United States, but will also add broader capabilities and service offerings to both end markets.

The aggregate consideration of $ 195 million paid on the Closing Date (the “Base Purchase Price”) consisted of $ 175 million in cash and 759,447 common shares of Sterling valued at $ 20 million. In addition, under the purchase agreement, if they have met the specified annual operating income growth thresholds and certain other conditions, the sellers are entitled to top-up payments not to exceed $ 20 million over the course of the years. next five years. The Company also entered into a five-year employment contract with Michael Petillo, which provides for five equal annual retention payments totaling $ 15 million.

Effective December 29, 2021, Sterling entered into a third amendment to its credit agreement (the “Amendment”) which, among other provisions, increased the Company’s existing term loans through a new additional term loan of $ 140 million with the same maturity as the existing term. Loans to finance part of the acquisition of Petillo. The amendment was led by BMO Capital Markets Corp, as principal arranger and joint bookrunner, and by BMO Harris Bank NA, as administrative agent. The balance of the base purchase price, as well as the costs associated with the acquisition, were funded from Sterling’s cash balance.

Stifel served as exclusive financial advisor and Jones Walker LLP served as legal counsel to Sterling on this transaction.

Conference call

Sterling management will hold a conference call to discuss this transaction on Thursday, January 6e at 9:00 a.m. ET / 8:00 a.m. CT. Interested parties can participate in the call by dialing (201) 493-6744 or (877) 445-9755. Please call ten minutes before the start of the conference call and request the Sterling call. Following the opening remarks from management, there will be a question and answer session. In addition, a slide presentation that will accompany management’s comments will be posted in the Investor Relations section of the Company’s website, available at www.strlco.com, where a simultaneous webcast of the Company is available. The call will also be available. If you are unable to listen live, the webcast of the conference call will be archived on the Company’s website for thirty days.

About Sterling

Sterling Construction Company, Inc. operates through a variety of subsidiaries in three segments specializing in heavy civil engineering, specialty services and residential projects in the United States (the “United States”), primarily in the southern United States. United States, Rocky Mountain States, California and Hawaii. , as well as other areas with strategic construction opportunities. Heavy Civil includes infrastructure and rehabilitation projects for highways, roads, bridges, airports, ports, streetcars, water supply systems, sewage and stormwater drainage. Specialty service projects include site development activities, multi-family home foundations, parking structures and other commercial concrete projects. Residential projects include concrete foundations for single family homes. From strategy to operations, we are committed to sustainable development by acting responsibly to protect and improve the quality of life of society. Caring for our employees and communities, customers and investors is The Sterling Way.

Joe Cutillo, CEO, “We build and maintain the infrastructure that allows our economy to run, our people to move, and our country to grow. “

Important information for investors and shareholders

Caution regarding forward-looking statements

This press release contains statements that are considered to be forward-looking statements within the meaning of federal securities laws. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which may include statements regarding: our projections or expectations regarding synergies and other benefits of the transaction; our business strategy; our financial strategy; our industry outlook; and our plans, goals, expectations, forecasts, outlook and intentions. All of these types of statements, other than the statements of historical fact included in this press release, are forward-looking statements. In some cases, forward-looking statements may be identified by words such as “may”, “will”, “could”, “should”, “expect”, “plan”, “plan”, “have the intention “,” “believe”, “estimate”, “predict”, “potential”, “pursue”, “target”, “continue”, the negative of these or other comparable terms. press release are largely based on our expectations, which reflect estimates and assumptions made by our management. These estimates and assumptions reflect our best judgment based on currently known market conditions and other factors. In addition, the assumptions management regarding future events may prove to be inaccurate. Management cautions all readers that the forward-looking statements contained in this press release are not guarantees of future performance, and we cannot assure any reader that such statements will materialize or forward-looking events and circumstances will occur. Although we believe these estimates and assumptions are reasonable, they are inherently uncertain and involve a number of risks and uncertainties that are beyond our control, including the possibility that the expected benefits of the transaction may not be fully realized. or may take longer to materialize than expected, the possibility that the costs or difficulties of integrating the Petillo business are greater than expected and our ability to hire and retain Petillo employees. Actual results may differ materially from those anticipated or implied in forward-looking statements because of these factors as well as other factors included in the “Risk Factors” section in our documents filed with the United States Securities and Exchange Commission and elsewhere in these documents. Other factors or risks that we currently believe are immaterial, that are not currently known to us, or that arise in the future could also cause our actual results to differ materially from our expected results. In light of these uncertainties, investors are cautioned that many of the assumptions on which our forward-looking statements are based are subject to change after the date on which the forward-looking statements are made. Forward-looking statements speak only as of the date they are posted, and we assume no obligation to publicly update or revise any forward-looking statements for any reason, whether as a result of new information, future events or developments, changed circumstances or otherwise, notwithstanding any change in our assumptions, changes in business plans, actual experience or other changes. These cautionary statements qualify all forward-looking statements attributable to us or to persons acting on our behalf.

Bryan City Council asks staff to explain site development review process before approving new subdivision rezoning – WTAW

By Site development
Image of the Town of Bryan showing the location of the land that was rezoned during the City Council meeting on December 14, 2021.

Bryan City Council’s approval to rezone the land on the northwest side of town is just the first step for developers looking to build 300 new homes.

At the December board meeting, City Manager Kean Register was among the staff who explained the developer’s role in the site’s development review process.

This is after neighboring homeowners expressed concerns about increased traffic and possible flooding.

Deputy Director of Planning and Development Services Martin Zimmerman said the Planning and Zoning Commission (P&Z) will be seeking public comments following the site review process.

Zimmerman says after the staff review, P&Z will hold another public hearing before considering final action.

Developers who want to build homes generally north of the intersection of Sandy Point and Hilton Road plan to build a retention pond and they would be responsible for extending the water and sewer lines.

Click HERE to read and download background information from the Bryan City Council meeting on December 14, 2021.

Click HERE to read and download the ordinance that has been adopted.

Click below for comments from Kean Register and Martin Zimmerman.


Traders in Bolton market are worried about the development plan of the “site”

By Site development

TRADERS continued to voice concerns about the possible disruption Bolton Council’s plans for market redevelopment could cause.

This comes after the authority released further details last week on plans to move a five-meter access road closer to the market and relocate waste units, which officials say will benefit the market. traders.

Bolton’s advice is hoping this will be a key aspect of a multi-million pound master plan to remake the area, but some traders have expressed skepticism about the long-term gains and disruption this work is likely to have. on their businesses.

Martin Farrimond, of Deli Boys, said: “This is going to have a significant effect on business as the area will become a construction site.

“The council must compensate the stand holders for the reduced business.”

He added: “The Bolton Market is of great value to the city, but the council doesn’t seem to understand that being a trader is a tough life.

“The proposed development also has value, but not at the expense of traders who throw in the towel, you can’t sell a product if you don’t get traffic.

“The Bolton Council is cutting back attendance in pursuit of their dreams.

“They have to take care of the market traders and compensate during this period of development.

“If they don’t, in the next few years there won’t be a Bolton Market, another broken piece of history.”

Mr Farrimond also added that the threat of parking fines could deter customers from visiting the market.

He said, “Why would customers pay parking fees when they can shop in large supermarkets and stores for free?

“This, combined with the pandemic, makes life very difficult for traders. ”

But the council said the plans will ultimately improve the trade.

A spokesperson said: “We are working to minimize the impact on the parking lot and for customers in the market.

“We will create a new public space that can be used for additional parking or for events and will also facilitate pedestrian access to markets, thus increasing footfall and commerce. ”

Limerick students enjoy the learning-by-doing experience when developing the Opera site

By Site development

Students at UNIVERSITY of Limerick had the opportunity to gain real-time experience on one of Ireland’s most exciting construction projects.

UL civil engineering students took on the role of engineering consultants at Limerick’s Twenty Thirty Opera Square.

The 35 students based their integrated design project on development as part of their third year course.

The students had to complete the civil and structural design of the “One Opera Square” building at the Opera project site, a six-story office building above the basement on Michael Street.

Some of the tasks that needed to be performed included professional practice elements such as structural analysis, risk and health and safety assessments, surveying including geotechnical soil profiles, field testing and in the soil laboratory and the development of a mobility management plan for the Opera project. .

Course leader for the project, Declan Phillips, said: “UL’s Civil Engineering program uses an exclusively ‘learning by doing’ approach to prepare the next generation of engineers. This partnership with Limerick Twenty Thirty is a prime example.

Mr Phillips added: “Opera Square is one of the most anticipated and exciting projects underway in Ireland and it has been a huge advantage to be able to get our students to base their IDP on it. We have received great support from the Limerick Twenty Thirty team, Cogent Associates project managers and SISK entrepreneurs, and the experience students gain will be invaluable to them, especially as they prepare for their co-op internship.

If a civil engineering student had to choose a project they would like to work on, Opera would measure up because of its scale, complexity, and ambition. It was a great experience for them.

David Conway, CEO of Limerick Twenty Thirty, said: “We were delighted to help UL with this project. Opera Square has everything and more that civil engineering students would want to explore.

“These students will be the civil engineers of tomorrow and it is essential that the sector has the flow of graduates to support the activity, so it is important for us in this regard also to be able to support initiatives like this. UL’s civil engineering program has an excellent reputation and being one of our local universities, this is something we are delighted to have collaborated on.

After a presentation to the speakers and representatives of Limerick Twenty Thirty, awards were given for the best team design presentation, best site assessment, best geotechnical design and best structural design.

Aizawl Municipal Corporation Introduces New Rules for Site Layout and Slope Cutting – The New Indian Express

By Site development

Through PTI

AIZAWL: The Aizawl Municipal Company (AMC) introduced new rules to regulate site development, slope cutting, backfilling and clearing to mitigate landslides, shipwreck areas, falling rocks and other natural or man-made disasters.

Mayor Lalringenga Sailo said the AMC Site Development and Slope Modification Regulations were developed in 2017 to regulate and control cutting, backfilling, clearing and other slope settlement activities in the state capital, Aizawl, prone to landslides and other calamities mainly caused by unscrupulous people. men’s activities.

The regulations have been partially implemented as they were notified to the Official Gazette by the AMC on October 29 of this year, he said on Wednesday. Sailo said that Aizawl has experienced numerous landslides, which too often have caused loss of life and destruction of homes, community buildings and important infrastructure.

Human activities such as cutting slopes, backfilling, increasing the amount of groundwater entering slopes, and disposing of sewage and drainage on slopes in poorly controlled ways can greatly increase instability. slopes, he said.

According to Sailo, any person or government agency intending to construct a building requiring site development work will now need to obtain a site development permit in addition to a building permit.

However, digging an individual grave, excavating below grade finished for basements and footings of an ordinary building, or a semi-permanent or permanent building located in a low risk area landslide, AMC-controlled disposal sites, Department of Defense projects, exploratory excavations and emergency works necessary to preserve life or property under imminent threat of excessive erosion, among others, are exempt from regulation, he said.

Under the new regulations, land or site development is divided into two categories: developed site development (moderate, high or very high risk of landslide) and regular site development (risk of weak landslide).

Georgetown: Hines offers 336-unit multi-family development

By Site development

Illustration of the functionality: artist rendering of a building from the apartment project proposed by Meeks Partners.

Posted: 17-11-2021

by Art Benavidez

Georgetown (Williamson County) – A Houston-based global real estate developer’s site development plan for a 336-unit multi-family complex was approved at Tuesday’s Planning and Zoning Commission meeting.

The 14-acre property is undeveloped and is located at 1701 Wolf Ranch Parkway in the northwest part of town.

The Austin office of Hines Interest Limited Partnership is the spearhead of the development of Wolf Lakes Retreat.

The unit mix includes 192 one-bedroom units, 126 two-bedroom units, and 18 three-bedroom units.

The Austin office of Pape-Dawson Engineers, Inc. will be the civil engineer and the surveyor published a sitemap which showed:

  • 12 buildings, with buildings 1, 2, 3, 7 and 8 having areas of 11,377 square feet each
  • Buildings 4 and 5: 7505 sq. Ft. Each
  • Buildings 6, 9 and 10: 13,991 sq. Ft. Each
  • Building 12 (club house / rental): 9,830 square feet
  • Dog park
  • Eight covered garages offering a total of 62 parking spaces
  • 345 open parking spaces
  • 59 parking spaces
  • 481 parking spaces in total
  • 84 bicycle spaces

Sitemap.

Buildings 1, 2 and 3 will each have 30 units; buildings 4 and 5 will each have 24 dwellings; buildings 6 and 9 will each have 36 dwellings; buildings 7, 8 and 10 will each have 30 units.

Exterior materials for the buildings will include stone veneer, poured stone, foam stucco, decorative wooden brackets and shutters, metal railings, metal canopies and tiled roofs.

Houston-based architects Meeks Partners and landscaper Robinson and company, also in Houston, with a geotechnical engineer based in Austin Terracon Consultants, Inc. complete the project team.

This was the fourth review of this request. The request had already been considered by the committee at its meetings on May 18, July 6 and August 17.

VBX Project ID: 2021-7F46


[email protected]

The development of the Nelson Junction site is approaching

By Site development
Artist's impression of the development of Nelson Junction near Miter 10 Mega.

Provided

Artist’s impression of the development of Nelson Junction near Miter 10 Mega.

Development of the Nelson Junction site begins with the progress of plans for a large-format shopping center.

Nelson Gibbons Company, owner of the Annesbrook site, is starting the first clearing and infrastructure work, company chief executive Scott Gibbons said.

Colliers International real estate agency is marketing the development of Quarantine Rd on the vacant land of Miter 10 Mega, seeking tenants for the first stage of the project.

In the first stage, opposite Miter 10 Mega, there will be 10,948 square meters of shops with up to 11 tenants.

READ MORE:
* And action … site work begins for the development of Richmond West which includes the cinema
* Former Todd Property shopping center in East Auckland put up for sale by new owners
* The future of the Nelson Junction site is clearer, according to the new owners Gibbons Property Investments

Colliers was looking for tenants such as furniture, appliance, housewares, plumbing, lighting, home furnishings and lifestyle retailers. The size of buildings or sites will vary from 500 m² to 2500 m².

Gibbons said development of the site will begin early next year after completion of stormwater and other service updates, as well as site preparation. There was a wide range of interested potential tenants, including some from outside the Nelson area, some who were already in the area but were looking for a different location, and some from the food industry, he said. declared.

The proposed Nelson Junction development for the site of the former Honda automobile plant near the current Miter10 Mega Store.

The proposed Nelson Junction development for the site of the former Honda automobile plant near the current Miter10 Mega Store.

It was hoped that the first stage of development would be completed in early 2023. Gibbons envisioned that it would eventually include a mix of light industry, retail and home improvement businesses.

The 8 hectare property, which once housed the Honda factory, was touted as a future shopping and shopping center before Miter 10 Mega opened in 2006. In 2019, Gibbons Property Investments purchased the remaining 4.5 hectares of vacant land.

“There has been a lot of non-activity on the site,” Gibbons said. “We take our time to prepare the plans well. “

The Nelson Junction Development Plan.

The Nelson Junction Development Plan.

Gibbons said the site was a central location that should be attractive to buyers in the Tasman and Nelson areas. He believed there was a good demand for a home improvement and lifestyle center near the town of Nelson.

“The road restrictions inside and outside the city make this site very attractive and it is truly a pivotal location for these types of services, with a profile like no other.

Miter 10 Mega and empty land ready for redevelopment.

Martin de Ruyter

Miter 10 Mega and empty land ready for redevelopment.

The second stage of the project would see development on the ground closer to Speight’s Ale House. The Gibbons site shows that a large retail / commercial format is offered for this site and is being offered.

Gibbons has over 230,700 m² of properties in its portfolio, housing 150 tenants. Its portfolio is diversified into three key sectors: bulk retail, industrial and commercial real estate.

Colliers Nelson broker Geoff Faulkner, who markets the Nelson Junction development with Colliers national retail manager Leroy Wolland, said he expected strong interest in the center due to the strength economy.

“Nelson is in booming city mode. We have almost zero retail vacancy on Main Street and the CBD, and nearby Richmond has almost zero vacancy on Main Street, ”Faulkner said.

Wolland said there is no comparable complex with vacant space in Nelson Market and Miter 10 Mega is a huge asset to potential tenants.

“It’s a perfect choice for furniture, appliances, housewares, home furnishings, tiles, flooring, paint, plumbing, kitchen showroom, lighting, automotive retail and, possibly, marine retail. “

City Council approves adjustments to Dome site development plan

By Site development

The idea is to create a public-private partnership to transform the old site of the Dome into a new entertainment venue and a surf park by the ocean.

VIRGINIA BEACH, Virginia – UPDATE | At a meeting on Nov. 16, city council voted to approve the Phase 1 and Phase 2 funding plan, as well as the $ 17.7 million offsite infrastructure projects. The action would move plans as well as previously requested adjustments on November 9.

ORIGINAL STORY | It’s been four years and it counts, and the Virginia Beach Oceanfront has yet to see the former Dome site transformed into a mixed-use, multi-site entertainment complex with a surf park.

At this stage, the project leaders reassess their approach. They are asking city council for $ 3 million for what they call phase 1 and $ 2 million for phase 2.

“There are no new demands in there. This is all the money that is already considered, allocated and budgeted for the project, “Deputy City Manager Taylor Adams said.” We are just changing when it can be used to account for the uncertainty in the market. of construction regarding the cost of commodities such as steel and concrete.

The concern is that fluctuating prices could cause the budget to be exceeded. Adams said they would come back to the board if they did.

Additionally, Adams stressed that unplanned projects must take place offsite. A request for at least ten infrastructure upgrades is expected to cost $ 17,729,147.

“The idea with this list is to ensure that we maximize the value of the project for both our residents and our guests,” Adams said.

Adams is expected to resubmit the requests to city council on November 16. This is when council members could vote.

There is some division within the board regarding the next steps.

Mayor Bobby Dyer seems focused on the rewards of development. “Trying to do the Oceanfront all year round,” he said.

City Councilor John Moss said he thought project managers were underestimating the risk: “I think if we knew all of this four years ago, all of these costs. I don’t know what the decision would have been.

Several years ago, music producer and Virginia Beach native Pharrell Williams made a commitment to join this project.

13News Now asked Adams if Pharrell was still involved. Adams told us that Pharrell was still listed as an investor on a disclosure slide for Tuesday’s presentation to the board.

In a letter to the city in September, the artist questioned a separate investment – his Something in the Water festival. Pharrell cited “toxic energy” in the direction of the city.

Whether inside or outside, it is clear that there is a clamor to move this project forward.

“A lot of our Oceanfront partners want us to bring our entertainment venue online as quickly as possible,” Adams said.

Venture Realty Group is the assigned developer.

Adams said construction likely won’t start until June of next year.

It is also likely that the works could start first on the place of entertainment, before the surf park.

The entire project, with combined municipal and private funding, is expected to cost around $ 330 million. However, this number could change in the future.

Guinness site development is on public consultation

By Site development

A “vision” for a 10-year redevelopment of part of the Guiness site in the city of Dublin is currently under public consultation.

The modernization of the famous 260-year-old brewery freed up 12.5 acres in the James Street factory in The Liberties.

A “Guinness Quarter” proposal was first announced by Diageo in 2017.

After what has been described as a “three year selection process”, Sean Mulryan’s Ballymore Homes was announced as a development partner in September 2020.

However, Ballymore Homes says there are no details available on the plan yet.

When Diageo first announced the project, it announced that there would be room for 500 homes, as well as 63,000 m² of offices, 5,000 m² of shops and 22,000 m² for hotels and businesses. Hobbies.

A company spokesperson said the plan had “started from scratch since then.”

Graphic shows what a redeveloped ‘Guinness Quarter’ could look like

It has been confirmed that there will be mixed tenure for the housing on the site and that the Iveagh Trust will manage the social units.

It will also be the country’s first development to be carbon neutral.

The development, estimated at around € 1 billion, would occupy around 25% of the Guinness site.

According to a statement posted on the Ballymore Homes website, the development in central Dublin will be “one of the most exciting regeneration programs in Europe”.

Mr Mulryan said Guinness has become a symbol for Ireland.

Oliver Loomes (left), CEO of Diageo Ireland and Sean Mulryan (right), CEO of Ballymore

“St James’s Gate has over 260 years of history and therefore we have a unique responsibility to ensure that when this famous gate opens it opens to a place that is synonymous with good times and memorable experiences”, did he declare.

The company says it hopes to have a master plan ready for submission to Dublin City Council next year.

However, local councilor Darragh Moriarty said the lack of details on the delivery of housing, offices and cultural spaces is “disappointing”.

“It’s just a public relations exercise. What do they want people to give their opinion on? They will have to seriously engage with the local population and stakeholders,” said the Labor Party adviser.

The public consultation begins tomorrow in the Digital Hub and is scheduled to continue daily from 10 a.m. to 6 p.m. until November 5.