Georgia Contract Activity Gets a Jump on '06

The value of Georgia construction contract activity started 2006 on an exceedingly positive note, as all three sectors reported solid double-digit growth in January, compared to a year ago, McGraw-Hill Construction reported recently. The value of contracts signed during January for future construction totaled about $2.2 billion, compared to the nearly $1.8 billion reported a year ago. That equaled a 25 percent gain over the year-ago figure.

The biggest market, residential, improved by 18 percent compared to January 2005 and totaled roughly $1.3 billion, up from last year's $1.1 billion. Showing the greatest percentage increase, however, was the nonresidential category, which jumped 36 percent to tally $508.2 million for the month. The value of nonbuilding contracts also increased by a nearly identical amount, improving by 35 percent to approximately $379.2 million, compared to last year's $280.6 million.

VCC Building Again at Atlantic Station

General contractor VCC is under way on its latest contract at Atlanta's Atlantic Station development. The contractor is under way with preliminary work on One Market Street, a 17-story office building at the well-known redevelopment site.

According to McGraw-Hill Construction Dodge, the latest building will measure about 350,000 sq. ft. and feature a rooftop garden. Jacoby Development of Atlanta is the owner, while Carter Real Estate of Atlanta is working as the owner's agent.

Perkins & Will of Atlanta is the project architect.

H.J. Russell & Co. Building Historic Westside Village

Atlanta-based H.J. Russell & Co. is the general contractor for the Historic Westside Village project in Atlanta. McGraw-Hill Construction Dodge reported the estimated project cost at between $45 million and $50 million.

The project includes two four-story buildings for a total of roughly 310,000 sq. ft. One building will measure approximately 180,000 sq. ft. and feature condominium units. The other will be dedicated to townhouse units, and measure roughly 130,000 sq. ft.

The Atlanta Development Authority is reported as the public owner. Trammell Crow Co. of Atlanta is the private owner-builder/developer. Niles Bolton Associates of Atlanta is the project architect.

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