Georgia Contract Activity Improves by 13 Percent in March

The value of Georgia construction contract activity continued its momentum in March, gaining 13 percent compared to the same period of a year ago, McGraw-Hill Construction reported. The value of contracts signed during March for future construction totaled about $2.5 billion, compared to the $2.2 billion reported a year ago.

The biggest market, residential, continued to lead the way, improving by 24 percent compared to March 2005 and totaling roughly $1.7 billion, up from last March's $1.4 billion. The nonresidential category, meanwhile, fell 10 percent to tally $472.3 million for the month. The value of nonbuilding contracts improved by 6 percent to approximately $322.1 million, compared to last March's $304.6 million.

For the year to date, the nonresidential category is 14 percent ahead of the first three months of 2005, with a roughly $1.4 billion total. The residential market, valued at nearly $4.4 billion to date, is an estimated 19 percent ahead of the same period of a year ago. The nonbuilding sector is also positive for the year, with its $951.9 million total 2 percent ahead of 2005's pace.

300 Peachtree Towers Gets Facelift

J.J. Morley Enterprises, a contracting company that deals in restoration and waterproofing, recently completed major exterior renovations to 300 Peachtree Towers, one of the largest and oldest residential buildings in downtown Atlanta. The renovation project included exterior waterproofing, exterior brick restoration, a new high-performance coating and replacement of all of the building's balconies.

300 Peachtree Towers is a 24-story, 330-unit condominium complex, with each unit having a private balcony. Since its initial construction in 1963, only minor repairs have been made to the building's façade. Within the past several years, the building has also carried out a complete renovation of all building hallways, with new carpeting and wallpaper.

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