Issue link: https://read.dmtmag.com/i/1119502
WORLD FENCE NEWS • JUNE 2019 • 59 SUPERIOR FENCING, RAILING, ESTATE & CUSTOM GATES AND ACCESSORIES 3 Locations To Serve You 1-800-783-1331 Chesterfield Township, MI (Corporate) 1-888-222-1846 1-888-426-7270 Port Richey, FL Murfreesboro, TN www.elitefence.com Set Yourself Apart From The Competition! Get It In The Ground First By Using Our QuickShip Program! Proud Distributor Avalanche Series™ Concealed Fastener Fence Yorktown Series™ 5/8" x 3/4" Picket Ornamental Fencing Glass Panel Railing Estate Gates Ornamental Railing ZipTrack™ Cantilever Gate We are environmentally responsible use development. Store construction in March grew 11%, helped by the $150 million re- tail portion of the $1.1 billion hotel and theater redevelopment in Times Square. Commercial garage construc- tion in March edged up 2%, but ware- house construction retreated 29% af- ter its elevated February amount. The institutional side of nonresi- dential building grew 17% in March, picking up the pace after basically flat activity during the previous three months. Amusement-related construc- tion starts jumped 90%, reflecting the $850 million renovation of the KeyArena in Seattle that will be home to an NHL team and potentially an NBA team. The $150 million the- ater portion of the $1.1 billion hotel and theater redevelopment project in Times Square also lifted the amuse- ment-related category in March. Educational facilities, the larg- est institutional category, grew 6% in March. Large projects that boosted the educational facili- ty category were a $500 million research laboratory for the U.S. Department of Energy in Idaho Falls, Idaho, a $173 million high school in Worcester, Mass, and a $129 million science building at San Jose State University in San Jose, Calif. Healthcare facilities edged up 2% in March, helped by the start of a $310 million hospital at the University of Pittsburgh Medical Center. The other institutional project types showed mixed behavior in March – public buildings up 48% af- ter a weak February, religious build- ings up 7%, and transportation termi- nals down 22%. Residential building in March dropped 3% to $291.2 billion (annual rate), retreating for the second month in a row. Multifamily housing fell 12% in March, with the level of activity com- ing in 20% below the average month- ly pace reported during 2018. There was one very large project entered as a March construction start – the $511 million multifamily portion of the $950 million Grand Avenue mixed- use high-rise complex in Los Angeles. There were five additional mul- tifamily projects valued at $100 mil- lion or more that were entered as March construction starts, including the $165 million One Boerum Place condominium high-rise in Brooklyn, N.Y. and the $145 million multifam- ily portion of a $300 million mixed- use high-rise complex in West Palm Beach, Fla. The top five metropolitan areas ranked by the dollar amount of mul- tifamily starts in March were – New York, N.Y., Los Angeles, Miami, Washington, D.C, and Minneapo- lis-St. Paul. Single family housing in March edged up 1% from the previous month, although its March level of ac- tivity was still 7% below the average monthly pace reported during 2018. By geography, single family hous- ing showed this pattern for March rel- ative to February – the Northeast, up 5%; the West, up 4%; the South Cen- tral, up 3%; the South Atlantic, down 1%; and the Midwest, down 2%. To learn more, visit the web site www.construction.com. March construction starts surge 16 percent continued from page 48