DUBLIN--(BUSINESS WIRE)--The "EPDM (Ethylene Propylene Diene Monomer) - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global EPDM (Ethylene Propylene Diene Monomer) Market to Reach $8.7 Billion by 2027

Amid the COVID-19 crisis, the global market for EPDM (Ethylene Propylene Diene Monomer) estimated at US$6.7 Billion in the year 2020, is projected to reach a revised size of US$8.7 Billion by 2027, growing at a CAGR of 3.8% over the analysis period 2020-2027.

Automotive, one of the segments analyzed in the report, is projected to record a 3.9% CAGR and reach US$3.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Building & Construction segment is readjusted to a revised 3.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.8 Billion, While China is Forecast to Grow at 6.9% CAGR

The EPDM (Ethylene Propylene Diene Monomer) market in the U.S. is estimated at US$1.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.8 Billion by the year 2027 trailing a CAGR of 6.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.2% and 2.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.9% CAGR.

Plastics Segment to Record 4.3% CAGR

In the global Plastics segment, USA, Canada, Japan, China and Europe will drive the 3.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$701.1 Million in the year 2020 will reach a projected size of US$907.5 Million by the close of the analysis period.

China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.2 Billion by the year 2027, while Latin America will expand at a 5.2% CAGR through the analysis period.

The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Global Competitor Market Shares

EPDM (Ethylene Propylene Diene Monomer) Competitor Market Share Scenario Worldwide (in %): 2019 & 2025

Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

IV. COMPETITION

Total Companies Profiled: 44

For more information about this report visit https://www.researchandmarkets.com/r/5wgv74

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Global EPDM (Ethylene Propylene Diene Monomer) Market Report 2020: Market to Reach $8.7 Billion by 2027 - Focus on Automotive, Building &...

A new year and new rankings for the sustainability efforts in the office sector, where owners continued to invest in energy efficiency and sustainability features, despite their assets laying almost empty for nearly a year. Were opening 2021s LEED-based series with the top LEED-certified buildings in Texas in 2020.

Data from the U.S. Green Building Council shows that 139 projects received the certification from the organizations program in the Lone Star State last year. Combined, these projects represent more than 41.7 million gross square feet of space. Offices continued to lead rankings, followed by educational facilities and warehouses/distribution centers. Take a look at the list below, featuring some of the highest-scoring office projects in the state.

A 600,754-square-foot component of the massive 4.5 million-square-foot office asset located at 9800 Fredericksburg Roadbetter known as USAAs headquartersearned the highest level of LEED certification in February 2020. The award is, in fact, a recertification, following two LEED Gold recognitions received in 2012 and 2019. The remaining square footage of the property was also recertified at the same time, to the gold level, also following two other certifications, in 2013 and 2019, respectively. The McDermott Building is also the largest financial office building in the U.S. to earn Energy Star certification from the U.S. Environmental Protection Agency, an award it has received every year since 2009.

USAAs commitment to the environment is reflected on multiple levels: Through recycling efforts, the company saves more than 130 million gallons of Edwards Aquifer water every year at its San Antonio corporate office, which is crucial to the region considering it is the source of drinking water for 2 million people and is the primary water supply for agriculture and industry. About 70 million gallons are saved annually, as the company has used recycled water for landscaping since 2004. Nowadays, USAA also uses recycled water for the buildings cooling towers, which conserves another 60 million gallons per year. In fact, USAA Real Estate, the companys real estate investment arm, has instituted an energy and water analytics program that uses metering to measure energy and water consumption and efficiency at 15-minute intervals. Using that data, it benchmarks its properties to detect trends outside normal patterns.

Since 1977, the company has provided employees with the USAA Vanpool Program, which is an affordable ride to and from work. Moreover, the companys members have opted for online document delivery since 2019, which helps reduce paper consumption and overall expenses.

Cousins 470,389-square-foot asset was recertified in April 2020 to the Platinum level, following two LEED Gold awards received in 2018 and 2019. It is also Energy Star labeled.

The 20-story office building was completed in 1983 in the central business district, providing easy access to the Texas Capitol, Federal Courthouse, Interstate-35 and MOPAC Expressway. In 1994 and 2008, the property underwent cosmetic renovations, and a$3 millionoutdoor terrace and lounge was added on the 15th floor in 2012. Notable tenants in the building include Nossaman, CohnReznick Capital and Eric Wright & Associates.

The 6,663-square-foot office asset located at 10807 E. Northwest Highway is the headquarters of LORD Green Real Estate Strategies. In May 2020, the property received the LEED Platinum certification for existing buildings. It also holds BREEAM USA-In Use and Energy Stars labels.

The building dates back to 1959 and underwent upgrades in 2006 and 2013. Since 2017, it has been under LORD Green Strategies ownership and improvements have continued. The new owner retrofitted the buildings LED system, installed a weather-based irrigation controller and added secure bicycle storage. Water is preserved through the propertys smart irrigation controller as well as through efficient plumbing fixtures. A waste management program recycles consumables made of metal, paper, plastics and glass, electronics and batteries, and organic material is locally composted. Additional sustainable features include proximity to public transport, operable windows, landscaping with native plants and shade trees, an outdoor space area for employees and a dog park with turfgrass.

This 1.2 million-square-foot building received its third LEED certification in September 2020. Previously, the USGBC had recognized its sustainability commitments in 2010 and 2015, with LEED Silver and LEED Gold certifications, respectively. Trammell Crow Center received Energy Star recognition from 2008 to 2016.

After three years under construction, the 50-story postmodern skyscraper designed by Skidmore, Owings and Merrill opened in 1985. Its granite facade and black pyramid on top made it one of the most identifiable buildings in the U.S. Since 2011, the tower is owned by JP Morgan Asset Management, according to Commercial Edge data. In 2019, a $140 million, two-year renovation led by HKS and HOK adapted it into a mixed-use property by adding a multifamily component and a hotel. The upgrade also included 1.4 acres of outdoor space with 122 shaded seats, which increased walkability and livability at the property, while also mitigating the heat-island effect. Notable tenants in the building include ORIX, Common Desk, Invesco, Goldman Sachs and FTI Consulting.

Last May, the 1.1 million-square-foot property located at 15301 Dallas Parkway in Addison was recertified to the gold level. Previously, the asset had been LEED-certified at the silver and gold levels in 2010 and 2015, respectively.

Consisting of three towers connected via a three-story, climate-controlled vaulted glass atrium, which includes seating areas, landscaping and water features. The office asset won the BOMA Building of the Year award in 2003 and 2004, and again in 2012 and 2013. Built in 1982,The Colonnade underwent cosmetic renovations in 2007 and 2014. Under the current ownership of Brooklyn-based Fortis Property Groupaccording to Commercial Edgerenovations continued in excess of $32 million. Tenants in the building include RMG Network, Google, Zurich American Insurance, Farmers Insurance and Accounting Principals.

Completed in 2019, the 1.1 million-square-foot,10-story office property at 777 Hidden Ridge has earned the LEED Gold certification in March 2020. KDC developed thefive-building complex as the headquarters for oil and gas company Pioneer Natural Resources. Pioneer has signed a 10-year lease with the owner, PRP Real Estate Investment Management.

The project has been targeting LEED certification from the early stages of development, so its design emphasizes the lands natural surroundings through amenities such as an outdoor fitness terrace, soccer pitch, multisport court, fitness trail and stocked fishing lakes. The original mesquite forests were preserved, which is a bonus to the occupants, as more than 90 percent of the interior areas have direct outside views. During development, 98 percent of construction waste was sorted and recycled, and presently, rainfall and surface runoff water is filtered to improve stormwater quality.

READ ALSO: Managing Megadevelopments: An Insiders View

The two phases of the massive Lincoln Center at 5420 and 5430 Lyndon B. Johnson Freeway were completed in 1981 and 1984, respectively. Spanning 664,100 and 602,056 square feet, the office assets are both at their second LEED certification. Prior to the LEED Gold award received in October 2020, Nuveen Real Estates buildings first received a LEED certification to the silver level in 2015. In addition, Lincoln Centre has been an Energy Star-certified building from 2009 to 2018 and a BOMA360-designated building from 2011 until 2017.Notable tenants in the building include MetLife, Societe Generale, Northwestern Mutual, Washington Federal and North Dallas Clinic.

The propertys park-like landscape prompted the management team to hire Banyan Water to calculate and deliver the needed amount of water. As such, more than six years ago, they installed on-site controllers, flow monitors and weather tracking technology that integrated with the propertys existing irrigation system. This translated into a drop of 66 percent in irrigation water use. Moreover, real-time monitoring of water management tracked down leaks, which, once resolved, resulted in more than 500,000 gallons of water preservation per year, in addition to the prevention of leak-related property damage.

READ ALSO: A Deep Dive Into Water Management Strategies

Completed in 1999, Fidelity Investments property received the LEED Gold award last February, upgrading from the LEED Silver certification received in 2014. The asset also held Energy Star designations from 2011 to 2014, excluding 2013.

The Beck Group developed the four-story property on an 83-acre lot. Built of native stone and glass, Fidelity One Destiny Way features three main wings that radiate from a central nucleus and are oriented on the site to maximize views of the surrounding forest, meadows and ponds. Closure to the natural environment is enhanced through hiking trails that run through the naturally wooded campus.

Excerpt from:
Top 10 LEED-Certified Buildings in Texas in 2020 - Commercial Property Executive

Image Credit: Library of Congress

I keep forgetting to post this bit of awesome from The White House Historical Association:

Its hard to imagine the White House at any address other than 1600 Pennsylvania Avenue NWbut at the turn of the twentieth century, Washington, D.C. socialite and activist Mary Foote Henderson proposed a new home for the president.

Mary Foote Henderson was the wife of Missouri Senator John B. Henderson. She proudly supported womens suffrage and temperance and was a highly active hostess for upper-class Washingtonians. The couple was extraordinarily wealthy and built a massive Gilded Age mansion on 16th Street, sometimes called Boundary Castle. Meanwhile, Mrs. Henderson hoped that she and her husband would soon welcome a prestigious neighborthe president!

Aware that the Executive Mansion was too small for the first family, Mrs. Henderson worked with architects Paul J. Pelz and Jules T. Crow to propose the construction of a large mansion for the chief executive atop Meridian Hill in 1898. The rendering seen today shows the palatial building proposal, which boasted a grand entrance, massive residence, and expansive grounds. It was approximately twenty blocks from the White House.

In many ways, the design was fit for a king rather than a president, and never came to fruition. Rather than constructing a new palace on Meridian Hill, additional office space in the form of the West Wing was added to the White House during the administration of President Theodore Roosevelt. The area near Boundary Castle instead became Meridian Hill/Malcolm X Park.

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"Mrs. Henderson worked with architects Paul J. Pelz and Jules T. Crow to propose the construction of a large mansion for the chief executive atop...

SPRINGDALE -- The City Council working as a Committee of the Whole on Tuesday passed on for vote an additional $1.5 million for construction of its new municipal campus.

The council will vote on two measures during its meeting Feb. 9.

The council supported the addition of a community room to the south side of the building for $503,089. They also accepted change orders made during construction to support technology needed by the Police Department but balked at paying additional costs to the architect and contractor, who cited delays because of weather and the covid-19 pandemic.

The money will come from the general fund on the 2022 budget, said Mayor Doug Sprouse.

Springdale voters in 2018 approved a $200 million bond project including $42 million for a new city administration building. The campus is being built in two stages. The north side of the building, currently under construction as Phase 1, includes the Police Department and district court and offices. Phase 2 will include offices for staff of city departments and a new council chambers on the south end.

Contingencies for delays were included in the contracts for both the architect and the contractor, but the project has exceeded the time allowed for delays.

The original contract listed 780 days for construction, but the contractors asked for 287 more.

"That's a nine-month delay," said council member Brian Powell.

Roy Decker of Duvall Decker Architects asked for $317,214 in an extension of the architect's contract. He said the architecture firm stays on the project through construction in case problems or changes arise need redesign and engineering.

Sprouse said the architect's contracted costs were paid by a design grant from the Walton Family Foundation.

The contract with Milestone Construction also will increase, not including the cost of the community room.

The construction budget still includes $552,581. Additional money of $222,463 will come from the general fund in the 2022 budget, as will the community room, Sprouse said.

Colby Fulfer, assistant to the mayor, told the council the undesignated money for such projects sits at $12.2 million.

"That's what that money is there for, to return services to the citizens," Sprouse said.

The pandemic caused delays as various subcontractors would have to quarantine entire crews when one worker tested positive, said Wyman Morgan, the city's director of administration and finance.

Most days, about 100 people worked on the construction of the building, but some days, only 25 were there, Morgan said.

"We also had an unusual disruption of the supply chain," Roy Decker of Duvall Decker architects told the council.

He said the factory producing the concrete panels making up the outer walls was closed for a time during the pandemic. The panels were six months late, he said.

"But construction can't finish on the interior without the exterior being up," Decker continued.

Greg Ferus of Milestone Construction said the project also faced 80 days of inclement weather, especially at the beginning of the project as dirt work for the site began.

The city also requested several changes in the building design and engineering as construction moved forward, Decker said.

"When is the bleeding going to stop? We're not even to Phase 2," asked Randall Harriman.

Decker said he foresees no other delays or cost overages. "We're 65% complete, and this end of the building will be easier. This end's an office building."

Laurinda Joenks can be reached by email at ljoenks@nwadg.com or on Twitter @NWALaurinda.

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Springdale council to consider votes to spend $1.5 million more for city hall project - Arkansas Online

Governor Andrew M. Cuomo today announced the fifth round of awards from the Empire State Supportive Housing Initiative, which will provide $30 million annually to fund support services and operating costs for at least 1,200 units of supportive housing for homeless persons with special needs, conditions or other challenges. The 179 conditional awards will help 104 community providers create housing opportunities in 41 counties across New York. The conditionalawardsprovideserviceand operating fundingforpermanentsupportive housing units. The awards will allow applicants to secure separate capital funding to finance the development and construction of their housing projects. The conditional awards can be found listed by region and countyhere.

"All New Yorkers, especially our state's most vulnerable, should have access to the services they need in the communities of their choice, and the Empire State Supportive Housing Initiative delivers on that commitment during a time when they need more support than ever,"Governor Cuomo said."Through these five rounds of awards, we're providing New Yorkers with a range of specialized housing optionsand support services, while helping community organizations finance construction, operate buildings and provide those critical services throughout the state."

The awards announced today will be used to provide rental assistance and services to eligible target populations to ensure their housing stability. ESSHI has provided for the construction of more than 5,000 units of supportive housing for vulnerable populations, including veterans, victims of domestic violence, frail or disabled senior citizens, young adults with histories of incarceration, homelessness or foster care, chronically homeless individuals and families, as well as individuals with health, mental health and/or substance use disorders.

In total, New York has financed the new construction and preservation of more than 7,000 units of supportive housing, putting the State well on its way to meeting the Governor's goal of creating or preserving 20,000 units of supportive housing over 15 years. The Executive Budget includes $250 million in additional capital funding to help meet that goal.

The conditional awards follow the Governor's 2021 State of the State proposal to create new supportive housing by allowing commercial property owners to convert underutilized office buildings and hotels in New York to residential use, includingaffordable and supportive housing. Governor Cuomo also demonstrated his commitment to supportive housing in his 2021-22 Executive Budget proposal, which continues his $20 billion, comprehensive five-year investment in affordable and supportive housing and services to provide New Yorkers with safe and secure homes.

Although the New York State Office of Mental Health serves as the lead procurement agency for ESSHI, the program is a multi-agency effort, with a workgroup that includes representatives from the Department of Health, New York State Homes and Community Renewal, the Office of Addiction Services and Supports, the Office of Children and Family Services, the Office for the Prevention of Domestic Violence, Office of Temporary and Disability Assistance, and Office for People with Developmental Disabilities.

New York State is a national leader in the development and ongoing support of housing for families and individuals living with mental illness and other special needs. Supportive housing has been shown to provide stability, safety and the opportunity for individuals and families to live in their own homes and communities as they make their way on the road to recovery. Housing with support services also reduces the need for costly emergency department visits and inpatient hospital stays.

Office of Mental Health CommissionerDr. Ann Sullivansaid,"The Governor's ESSHI program has provided stable housing and supportive services to thousands of people and families, allowing them to live successfully in their own homes. Supportive housing enables many individuals living with mental illness to have full and productive lives while receiving the services they need. ESSHI has been a great success, and I'm proud of the role OMH has played to further its goals."

Homes and Community Renewal CommissionerRuthAnneVisnauskas said, "This $30 million in ESSHI awards is another leap forward in Governor Cuomo's unwavering commitment to ending homelessness and housing insecurity in New York State. With supportive services, we can help New Yorkers achieve stability, improve health outcomes and regain their independence in a nurturing and affordable living environment. The latest round of awards will support 104 organizations and create at least 1,200 supportive homes across every region of the state. By caring for our most vulnerable, we are building stronger and more equitable communities for all."

Department of Health Commissioner Dr. Howard Zucker said,"Without first securing stable housing, it is nearly impossible for New Yorkers to address other conditions that threaten their health and well-being. Governor Cuomo's Empire State Supportive Housing Initiative is improving public health for all New Yorkers by expanding affordable and supportive housing to help people live in their own homes and communities while making their way toward recovery."

Office of Children and Family Services CommissionerSheila J. Poole said,"Stable housing is foundational to young adults' success, whether they are aging out of the foster care system, previously homeless or returning to the community following a juvenile justice placement. At home, they can pursue education, employment or a vocational opportunity that will lead them to further accomplishments and maintain their place in their community. I commend Governor Cuomo for his commitment to continued support for these vulnerable New Yorkers as they attain thestabilitythey need to focus on building successful futures."

Office of Temporary and Disability Assistance CommissionerMike Hein said,"Supportive housing is the most effective tool we have in addressing homelessness as it provides not just a place to live, but access to support services that can help New Yorkers address the issues that may have contributed to them experiencing homelessness in the first place. OTDA is proud to play a critical role in the success of this initiative, which is making a real difference in the lives of some of our most vulnerable residents."

Office for the Prevention of Domestic Violence Executive DirectorKelli Owenssaid, "Safe, affordable housing is too often the reason DV survivors and their families can't escape abusive relationships. ESSHI's announcement of building even more pathways to safe, stable housing for some of our most vulnerable community members couldn't be more timely or important, especially as the need for a safe home is heightened during the pandemic. We value our partnership with ESSHI in this critical work and thank them for their leadership in expanding affordable, permanent housing throughout NYS."

Office for PeopleWithDevelopmental Disabilities CommissionerTheodore Kastner, MD, MS,said,"OPWDD strives to help New Yorkers with developmental disabilities achieve independence so that they may live and thrive in their communities of choice. Affordable, supportive housing provided through the Governor's Empire State Supportive Housing Initiative provides the foundation for integrated, community living and opens up a world of possibility for people with developmental disabilities who want to live independently and take part in their community while receiving the right supports."

Senator SamraBrouk, Chair of the Senate Committee on Mental Health, said,"Providing homes for more New Yorkers addressing mental health difficulties will help save lives. I am glad to see this investment being made, and I will work with my colleagues in government to ensure our state provides high quality services and support to those battling mental health disorders and issues."

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Governor Cuomo Announces $30 Million in Awards to Finance Construction and Services for 1200 Supportive Housing Units - ny.gov

Weiss/Manfredi has broken ground on a new chancery building for the U.S. Embassy in New Delhi, India. The long-term project will also include a new office building, a support annex, and a unifying landscape that will provide a secure campus.

A tree-lined promenade will link all the new and existing buildings on the campus, connect functional zones, and introduce reciprocal relationships between buildings and gardens. A series of cast stone screens, canopies, reflecting pools, and garden walls will introduce a resilient, integrated design language.

Our goal is to create an open, unified campus that is safe and secure, said architects Marion Weiss and Michael Manfredi, in a release. To do that, we drew upon traditional Indian garden elements such as walls, screens, moats, and reflecting pools that provide not only a level of security, but also a connection to the great legacy of Indian architecture. The new embassy buildings and gardens reference Edward Durell Stones historic chancery, introduce a resilient design language and transform the campus to meet the needs of twenty-first century diplomacy.

Weiss/Manfredi Architecture/Landscape/Urbanism was selected as the design architect by the U.S. Department of States Bureau of Overseas Buildings Operations in 2015. The completion of the entire campus is expected in fall 2027.

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U.S. Embassy in New Delhi breaks ground on expansion - Building Design + Construction

BOSTON JLL Capital Markets announced that it has arranged construction financing for two projects in the Union Square neighborhood of Somerville, Massachusetts. JLL did not disclose the amount of financing.

Sitting adjacent to the new MBTA Union Square Green Line station, the approximately 194,000-square-foot, state-of-the-art life sciences and lab facility and the adjacent 450-unit residential tower and mid-rise building mark the first phase of the Union Square Revitalization (USQ) master plan (www.discoverusq.com), which will eventually deliver nearly 2.4 million square feet of mixed uses to the neighborhood.

JLL worked on behalf of the borrower, a joint venture between affiliates of Magellan Development Group, RAS Development, Cypress Equity Investments and USAA Real Estate, to secure the development financing, being provided by Bank OZK, for both projects.

Bank OZK is delighted to provide senior-secured construction financing for the first two projects in the USQ master plan, stated Christopher Lawton, Executive Vice President of Originations at Bank OZKs Real Estate Specialties Group. The development teams vibrant life science and residential project is years in the making and a bold beginning for the Union Square revitalization. This project embodies the high standards we consistently seek in our project financings marquee real estate, strong market fundamentals and top-tier sponsorship.

Sitting less than a mile from Massachusetts Institute of Technology and Kendall Square, the epicenters of the life science industry, the projects will benefit significantly from their proximity to the worlds most innovative and recognized technology, biotechnology. The resulting ecosystem provides one of the most sought-after talent and employment bases in the country and supports companies at every stage of growth, from start-up to multinational in scale.

Union Squares revitalization is a key component of the City of Somervilles SomerVision, a plan to make Somerville a regional employment center by creating a 30,000 new high-quality jobs through new commercial development. The addition of the MBTA Green Line to Union Square, one of Somervilles oldest commercial districts and cultural centers in Somerville, will be a catalyst for USQs 2.4 million square feet of new mixed use development, including 1.4 million square feet of new biotech, lab and office, and 1,000 new housing units and retail space. Working together with the city, the borrower was selected as the master developer in 2014 to facilitate the investment and lead the transformation of the neighborhood.

This a tremendous beginning for the revitalization of Union Square A new Class A life sciences building will anchor the neighborhood and create opportunities for the next great concentration of life sciences and technology companies to flourish., said Greg Karczewski, a principal of the borrower venture. New housing, retail opportunities and open spaces next to the new MBTA Station will make this great neighborhood even better.

The JLL Capital Markets team representing the borrower was led by Senior Managing Directors Daniel Kaufman and Frederic Wittmann, and Managing Director Brett Paulsrud.

This marks a major milestone for the neighborhood, said Paulsrud. A significant amount of effort and perseverance have gone in to creating a plan and design that has remained thoughtful of the urban fabric and character that Union Square has always represented for the City. It is great to see it all come together, and will be exciting to watch this best-in-class development team execute its plan.

Related

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Construction financing secured for two Union Square assets in Somerville - Boston Real Estate Times

WE3 at Waters Edge, a six-story, 160,000-sf creative workspace has completed construction in an area of Playa Vista colloquially referred to as Silicon Beach.

WE3 is the third and final building in a pre-existing commercial campus. SPF:architects main challenge with the project was to create a plan fully integrated with the existing conditions that would maximize the lots buildable area and maintain a compelling architectural standard. The project evolved over time to create a longer, more flexible office space that allowed more light and views on each elevation. A new public courtyard was created and an existing on grade sports field was relocated over the parking substructure.

The 400-foot-long building includes four levels of parking (two subterranean, one at grade, and one above grade) and four floors of open workspace. Each of the four levels is approximately 40,000-sf and fifteen feet floor to floor.

WE3 at Water's Edge - SPF:architects from SPF:architects on Vimeo.

Due to zoning restrictions, the buildings top floor could not be contiguous and exceed 20,000 sf. In order to maintain the desired area requirements, a gap was introduced mid-floor and a sky garden was created. The sky garden is located approximately 70 feet above natural grade and provides views toward Baldwin Hills and the Pacific Ocean. It also provides tenants with a wind-shielded terrace that can be used for impromptu meetings or casual workspaces. Additionally, all circulation and exiting is designed to be exterior.

WE3s exterior includes a floating, perforated skin that shrouds the building and dematerializes it, visually lengthening the structures significant mass while providing the glass facade cover from the full brunt of the sun. Natural light filters through the skin in all directions and is proportionally spread across the entirety of the interior surface area.

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New creative office space completes in Silicon Beach - Building Design + Construction

Serving as the central business district for a sprawling city thats home to roughly 40 percent of Alaskas population, downtown Anchorage is dense, compact, filled with attractions, and notably in need of a good shot in the arm.

With no new construction within downtown Anchorage over the past decade, there are hopes that the dramatic transformation of a nearly 50-year-old mid-rise office tower into a landmark building with a sleek, glacial form will help catalyze further new development and reinvigorate the citys increasingly sleepy urban core.

Headed by a design team from Perkins&Wills Seattle studio, the metamorphic $30 million expansion and modernization project centers around the old nine-story Key Bank Plaza building at 601 5th Avenue. Debuting as the Alaska Mutual Savings Bank in 1972, the precast concrete-panel-clad buildingalthough never the citys tallestwas a notable addition to Anchorages modest-but-growing skyline. On November 30, 2018, the aging modernist office building suffered significant damage during a 7.1-magnitude earthquake and was shuttered to undergo seismic reinforcements and structural reinforcements. The building did reopen following the quake although the last remaining tenant, Key Bank, departed nearly a year later due to safety concerns raised by the owner at which point 601 5th Avenue became the only commercial structure in Anchorage to be fully vacated due to damage sustained from the 2018 quake.

Instead of reopening the newly fortified building as-is, Anchorage-based real estate developer Peach Investments opted to treat the building to an external transformation that pays homage to Alaskas natural wonders, per a press release from Perkins&Will.

Notably, the buildings existing cladding will be completely dismantled and replaced with a 40,000-square-foot sloped glass curtain wall facade that will give it an angular, glacier-esque appearance and allow abundant natural light to flood into its previously dim interiors. In addition to the exterior overhaul, the Perkins&Will teamled by principal and design director Erik Mott with principal Brad Hinthorne, senior project designer Bill Xu, and designers Kirk Malanchuk and Louis Peiserhave envisioned the buildings revamped interior as being an innovative office environment that embraces connectivity to Alaskas natural world. A host of interior improvements are planned including new mechanical, plumbing, and electrical systems along with a new stair tower and elevators.

The expansive makeover also entails landscaping and hardscaping improvements around the building, which is in proximity to a number of downtown draws including the Alaska Center for Performing Arts and the William A. Egan Convention Center.

We are excited to breathe new life into the former Key Bank Plaza building, which was one of approximately 750 buildings damaged by the 2018 Anchorage earthquake, said Mott in a statement. The repositioning will not only provide modern amenities to future tenants but will also serve to revitalize downtown Anchorage.

Construction kicked off last fall and is expected to be completed in early 2022. The renovation of 601 5th Avenue is the first phase of a larger redevelopment scheme that Peach Investments has planned for the block.

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Perkins&Will reimagines an earthquake-battered Anchorage office building as a glacier-like landmark - The Architect's Newspaper

Only three of the top 20 metro areas post gains during the year

NEW JERSEYJanuary 26, 2021The value of commercial and multifamily construction starts in the top 20 metropolitan areas of the U.S. lost 23% in 2020, falling to $111.1 billion according to Dodge Data & Analytics. Nationally, commercial and multifamily starts tumbled 20% over the year to $193.4 billion. Commercial and multifamily construction starts in the top 10 metro areas dropped 23% during the year with only one metro area Phoenix AZ reporting an increase. In the second largest group of metro areas (those ranked 11 through 20), commercial and multifamily construction starts also lost 23%, with only Denver CO and Kansas City MO posting an increase for the year.

The New York metropolitan area continued to be the largest market for commercial and multifamily starts at $23.5 billion but suffered a stark 25% decline from 2019. The Washington DC metro area managed to maintain its second place standing despite an identical decline in 2020 lowering commercial and multifamily starts to $8.9 billion. The Los Angeles CA metro area, which fell 21% to $7.4 billion, ranked third. The remaining top 10 metropolitan areas in 2020 were Dallas TX down 20% ($6.8 billion), Chicago IL down 9% ($6.4 billion), Boston MA 27% lower ($6.3 billion), Phoenix up 32% ($5.3 billion), Miami down 37% ($5.1 billion), Austin down 17% ($4.9 billion) and Houston down 47% ($4.5 billion). In sum, the top 10 metropolitan areas accounted for 41% of all U.S. commercial and multifamily construction starts in 2020, down from a 43% share in 2019.

The second largest metro group included: Atlanta GA down 41% ($4.3 billion), Philadelphia PA down 16% ($4.0 billion), Seattle WA down 31% ($3.9 billion), Nashville TN down 3% ($3.9 billion), Denver CO up 17% ($3.3 billion), Orlando FL down 17% ($3.1 billion), Kansas City MO up 20% ($2.5 billion), San Francisco CA down 46% ($2.4 billion), Tampa FL down 19% ($2.4 billion), and Minneapolis MN down 42% ($2.4 billion). This group of metro areas accounted for 17% of total U.S. commercial and multifamily activity in 2020, the same share as in the previous year.

The commercial and multifamily total is comprised of office buildings, stores, hotels, warehouses, commercial garages, and multifamily housing. Not included in this ranking are institutional building projects (e.g., educational facilities, hospitals, convention centers, casinos, transportation terminals), manufacturing buildings, single family housing, public works, and electric utilities/gas plants. Total U.S. commercial and multifamily building starts dropped 20% in 2020 to $193.4 billion from the $240.3 billion in 2019. Commercial building starts lost 26% to $104.0 billion, while multifamily building activity slid 11% lower to $89.5 billion. Within the top 10 metro areas, commercial building starts dropped 26%, while multifamily building activity fell 21%. Within the second largest group of metropolitan areas, commercial building starts fell 30% in 2020, while multifamily building starts lost 15%.

Hear directly from Chief Economist Richard Branch his take on whats happening in these top ten locations in his Metro in a Minute updates.

The pandemic is having a significant negative impact on commercial and multifamily construction across the country, stated Richard Branch, Chief Economist for Dodge Data & Analytics. While some areas stabilized over the summer, the current wave of the virus has further hindered activity. The recently passed $900 billion stimulus plan will go a long way towards re-energizing the economy. Branch continued, The construction sector will show signs of recovery in 2021, but, the road back to full recovery will be long and difficult. The effects of the pandemic on the U.S. economy and building markets will be felt for several years.

In the New York NY metropolitan area, commercial and multifamily construction starts dropped 25% in 2020 to $23.5 billion, after increasing 6% in 2019. Multifamily construction starts in the metro area had been very robust over the past several years but posted a significant 27% decline in 2020. The largest multifamily building to break ground was the $500 million Bankside mixed-use project in the Bronx NY. Also starting in 2020 were the $500 million Pacific Park mixed-use building in Brooklyn NY and the $420 million Hunters Point South complex in Long Island City NY. Commercial building starts, meanwhile, fell 22% in 2020 a decline that would have been much more significant if not for the metro areas increase in office starts. All other commercial construction sectors fell over the year. The largest commercial buildings to break ground in 2020 were the $1.3 billion Two Manhattan West office building, the $1.3 billion One Madison Avenue office project and the $760 million Disney/ABC Headquarters building.

Commercial and multifamily building starts in Washington DC fell 25% in 2020 to $8.9 billion following a 25% gain in 2019. Multifamily building starts in the metro area gained 2% during the year. The largest multifamily project to get underway was the $200 million 300 M NE Street mixed-use project. Also breaking ground were the $160 million first phase of the Sursum Corda Cooperative Apartments and the $150 million first phase of the Sursum Corda Cooperative apartments. Commercial construction starts fell 42% in Washington DC during 2020, with all commercial sectors posting significant declines for the year. The largest commercial project to start during the year was the $306 million Aligned Energy data center in Ashburn VA. Also moving forward to groundbreaking in 2020 were Towers 1 & 2 of the Amazon HQ2 complex each valued at $240 million.

Los Angeles CAs commercial and multifamily building starts tumbled 21% in 2020 to $7.4 billion following a 22% gain the previous year. Commercial building starts in 2020 fell by 35%, although office construction starts in the metro posted a gain. All other commercial building types fell over the year. The largest commercial building to start during the year was the $355 million Fig + Pico AC Marriott/Hilton hotel. Also starting was the $330 million second phase of the Iceberg Towers and the $300 million Lumen West office project. Multifamily building starts lost 2% in Los Angeles during 2020. The largest multifamily buildings to get underway were the $275 million Figueroa Center mixed-use project, $200 million 8th and Figueroa mixed-use project, and the $167 million AVA Arts District Live/Work Complex.

Commercial and multifamily construction starts in Dallas TX fell 20% in 2020 to $6.8 billion after an 18% gain in starts the prior year. Multifamily housing starts in the metro area dropped 15% during 2020. The largest multifamily building project to get underway was the $75 million Novel Turtle Creek residential tower. Also starting were the $65 million Shannon Creek Apartments in Burleson TX and the $64 million Stevenson Oaks Senior Living Complex in Fort Worth. Commercial building starts lost 23% for the year. The decline was the result of sizeable pullbacks in office, hotel, and parking structures. Retail construction starts were flat over the year, while warehouse starts posted a sizeable gain. The largest commercial building to start in 2020 was the $135 million Epic Deep Ellum office building. Also starting was the $100 million American Airlines Flight Kitchen, a retail building, in addition to an $80 million warehouse project in Forney TX.

Chicago IL commercial and multifamily construction starts dropped 9% in 2020 to $6.4 billion, following a 2% decline the previous year. Commercial building starts in 2020 increased 40% due to gains in office and warehouse starts. The largest commercial buildings to break ground in 2020 were the $800 million Facebook data center in Dekalb Township, the $476 million BMO office tower, and the $360 million Wolf Point South Tower B office building. Chicagos multifamily building starts, by contrast, fell 54% in 2020. The largest multifamily building to break ground in 2020 was the $252 million mixed-use project at 300 N. Michigan Ave. Also starting during the year were the $150 million 354 N Union apartment tower and the $100 million Maple Street Lofts.

In Boston MA, commercial and multifamily building starts lost 27% during 2020 to $6.3 billion after falling 8% in 2019. Multifamily building starts dropped 21% in 2020. The largest multifamily building to start in the Boston metro area during 2020 was the $154 million 55 Wheeler Street building in Cambridge. Also starting were the $150 million Cambridge Crossing development in Cambridge MA and the $120 million Hanover Wellesley project in Wellesley. Commercial building starts fell 30% in the metro area during 2020. All types of commercial structures lost ground during the year except for warehouses. The largest commercial structure to get underway in 2020 was the $700 million Citizen M hotel and office building in Boston. Also starting during the year were the $450 million first phase of the South Station Office Tower and the $250 million Seaport Square office project.

Commercial and multifamily building starts in Phoenix AZ gained 32% in 2020 to $5.3 billion following a 35% gain the prior year. Phoenix was the only metro area ranked in the top 10 to post a year-over-year increase in construction starts. Commercial building starts increased 20% in 2020 due to gains in warehouses, hotels, and parking structures, while office and retails starts contracted. The largest commercial project to break ground in 2020 was the $200 million 100 Mill Ave project in Tempe. Also starting were the $143 million Gila River Wild Horse Pass hotel in Chandler and the $115 million Park 303 warehouse project in Glendale. Multifamily building starts increased 52% in Phoenix during 2020. The largest multifamily projects to get underway during the year were the $300 million Pier 202 mixed-use project in Tempe, the $125 million Adeline Residences, and the $100 million Scottsdale Entrada mixed-use project in Scottsdale.

Miami FL commercial and multifamily construction starts fell 37% in 2020 to $5.1 billion, following a 2% decline in 2019. Multifamily building starts lost 31% last year. The largest multifamily building projects in Miami to break ground last year were the $249 million Downtown 5th Luxury Apartments, the $115 million Miami Urban Village Apartments in Homestead, and the $100 million SLS Resort Residences in Hallandale Beach. Commercial construction dropped 43% over the year, with only warehouses able to post a gain. The largest commercial building to break ground was the $100 million Pier Sixty-Six Hotel in Fort Lauderdale. Also starting were an $85 million Amazon warehouse in Jupiter and a $78 million Amazon warehouse in Homestead.

In 2020 Austin TX commercial and multifamily starts slid 17% to $4.9 billion after gaining 47% in 2019. Commercial building starts lost 31% in 2020 due to large declines in offices, hotels, retail, and parking structures. Warehouse starts, however, posted a sizeable gain. The largest commercial buildings to break ground in 2020 were the $500 million Apple Corporate Campus #2, the $326 million Texas Department of Transportation office campus, and the $300 million Amazon distribution facility in Pflugerville. Multifamily building starts rose 4% in 2020, with the largest projects including the $150 million 44 East Condo Tower, the $120 million Hanover Republic Square Apartments, and the $100 million Greystar Menchaca Road Apartments.

Houston TX commercial and multifamily construction starts dropped 47% during 2020 to $4.5 billion on the heels of a 55% gain in 2019. Commercial building starts lost 47% in 2020, with all major commercial building types posting sizeable year-over-year declines. The largest commercial projects to start during the year were the $100 million Hewlett Packard Enterprises Campus at Cityplace, the $85 million Hyatt Place/Hyatt House Hotel, and an $85 million Amazon distribution center in Richmond. Multifamily building starts fell 48% in 2020. The largest multifamily projects to break ground were the $217 million Hanover Square & Bayou Apartments, the $200 million High Street Residential Apartments, and the $70 million Boone Manor Apartments.

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Pandemic Leads to Sharp Pullback in Commercial and Multifamily Construction Starts in 2020 - Construction.com