Pages Menu
Categories Menu

Posted by on Oct 24, 2016 in Blog |

Hotel Developers Move Towards Prefab Construction

Hotel Developers Move Towards Prefab Construction

PHOENIX—Labor and lending are concerns that have the potential to halt hotel development before it even gets started. At the Lodging Conference in September, developers on the “From the ground up: Dynamics of a new build” panel discussed what it takes to construct a new property in the current cycle and highlighted markets they’re building in. It’s becoming more difficult to find good labor and good lenders, the panelists said, and that has led some developers to be more cautious. Mitch Patel, president and CEO of Vision Hospitality, said construction costs have gone up 10-15% a year. For example, a 100-room Hampton Inn property that was being built at $85 to $90 per square foot in 2009-10 is now costing $130 to $135 per square foot, he said. “What we’ve seen, it’s somewhat stabilized,” he said. “When we say stabilized, it’s still growing at 3%, 5%, 7% … but the numbers are becoming more difficult to justify, and we all know we’re at the tail-end of this cycle, so...

Read More

Posted by on Jun 28, 2016 in Blog |

Modular Construction and Small Lot Subdivisions in Los Angeles

Modular Construction and Small Lot Subdivisions in Los Angeles

Small Lot Subdivisions in Los Angeles are Ideal Projects For Modular Construction The City of Los Angeles has enacted the Small Lot Ordinance (No. 176354) to allow the construction of fee simple, infill housing on small lots in multi-family and commercial zones. While home ownership options have traditionally been limited to single-family homes on 5,000 square foot lots or condominiums, the passage of the Small Lot Ordinance extends these options to include townhomes, row houses, and other types of infill housing typically only available for rent. Modular Construction also known as Prefab Construction is an ideal solution for building homes for small lot subdivisions as there will be a significant TIME savings in the design, permitting and construction of the project. Modular Construction is a green alternative to traditional site construction as the majority of the home is built in an indoor factory that utilizes extensive recycling to minimize waste in local landfills.  The homes built with modular construction are built with up to 30 % more lumber than...

Read More