CONSTRUCTION

First Robot Inducted Into Builders Association

SQ4D | December 09, 2022 | Read time : 02:00 min

First Robot News
SQ4D's revolutionary 3D printer Max ARCS (they/them) has been formally inducted into the Long Island Builders Institute. This marks a first of its kind for a construction 3D printing company to be peer-recognized as a builder.

As a leader in the Construction Technology space, SQ4D has developed its patent-pending ARCS (Autonomous Robotic Construction System) technology to robotically build a structure's footings, slab, foundation walls, interior walls, exterior walls, and roof. All of this is printed on-site and accounts for over 50% of the total construction.

SQ4D aims to revolutionize the antiquated field of construction by utilizing a combination of automation, additive manufacturing, and sustainable building methods to produce cost-efficient structures, all while improving worker safety.

This official induction demonstrates the rapidly growing acceptance and adoption of new technologies, specifically 3D printing, within the well-established construction industry; a space long devoid of technological advancement.

Formed in 1941, the Long Island Builders Institute (LIBI) is an association of building industry professionals; LIBI is a local chapter of the National Association of Home Builders (NAHB) and the New York State Builders Association (NYSBA). The organizations represent over 140,000 members, including builders, developers, general contractors, remodelers, and now… a robot named Max.

Long-time LIBI member Charles Weinraub is one of Long Island's most active developers. Weinraub has already built one home with his own Max ARCS printer, and has since changed his entire business model for 2023 to build exclusively using 3D printing technology. The construction industry hasn't been disrupted in 100 years, Weinraub says, SQ4D's revolutionary technology enables me to deliver a far better product in less time at a lower cost. Already included in his upcoming plans are a number of 3D printed projects, such as a 25-lot subdivision as well as a 26-unit senior rental community, both scheduled to break ground in 2023.

 "It's time to drop the hammer and let the 3D printers do their work as we push the construction industry forward."

-Kristen Henry, Chief Technology Officer SQ4D.

SQ4D is a construction technology company from Patchogue, NY, that produces 3D printers for building residential homes and commercial buildings.

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BIM is a process supported by various tools, technologies and contracts involving the generation and management of digital representations of physical and functional characteristics of places. Here are the latest trends for BIM for 2023.


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CONSTRUCTION

Jones Street Investment Partners Secures $179 Million in Construction Financing for Three Northeast Multifamily Projects

Jones Street Investment Partners | November 15, 2022

Jones Street Investment Partners, a private equity real estate firm focused on multifamily assets located throughout the Northeast and Mid-Atlantic regions of the U.S., today announced that it has secured $179 million in construction financing to develop luxury multifamily communities in Kittery and Brunswick, Maine, as well as Manchester, New Hampshire. Securing these loans enables Jones Street to expand its portfolio in key secondary markets across the Northeast that are severely supply constrained and have demonstrated consistently strong rental growth. “We appreciate the support of our financing partners, Our ability to secure these loans at attractive terms is a testament to the strength of our relationships, the quality of our business plans and our established track record. Each of these projects aligns with our emphasis on long-term, cash flowing investment strategies that have the potential to deliver attractive risk-adjusted returns. We look forward to ingraining ourselves within each of these communities and delivering exceptional living experiences to our future residents.” -Matt Frazier, founder and CEO of Jones Street Investment Partners. Jones Street secured a $70 million loan from Key Bank as well as a $7.9 million preferred equity investment from a major investment manager to develop Seacoast Residences, a 282-unit multifamily community located at 76 Dennett Road in Kittery. The five-building property, which is situated along I-95 and immediately across the border from Portsmouth, New Hampshire, will feature luxury unit finishes, a resort-style swimming pool, fitness center, dog park, sun deck, and on-site nature trails. Seacoast Residences is located in an area with a limited supply of rental product and is poised to benefit from its proximity to major employment centers. A number of national and regional businesses operate in the New Hampshire and Southern Maine seacoast regions, including Andover Healthcare, Portsmouth Naval Shipyard, CSI Engineering, Northwestern Mutual, and Sun Life Financial, among others. Jones Street expects to complete construction in early 2024. Bangor Savings Bank provided Jones Street with a $36 million loan to develop an amenity-rich, 181-unit multifamily community in Brunswick. Located on Admiral Fitch Avenue in a Qualified Opportunity Zone, the property sits within the Brunswick Landing Development, a former naval base that is being revitalized and includes nearly 2 million square feet of commercial and industrial space. Ideally situated three miles from downtown Brunswick and within 30 minutes of downtown Portland, which is experiencing sustained rent growth, the property is expected to benefit from the strong employment market. A number of major regional and national employers, including L.L.Bean, VividCloud and General Dynamics Bath Iron Works, as well as top-ranked Bowdoin College, operate in the area. The property is expected to be completed by the fourth quarter of 2024. Jones Street secured a $65.1 million loan from Berkshire Bank to develop a 250-unit multifamily community in downtown Manchester. Located at 75 Canal Street within a Qualified Opportunity Zone, the property will consist of studio, one-, two- and three-bedroom apartments and approximately 2,000 square feet of ground-floor retail space. It will also feature an array of amenities including a clubhouse with a full-service kitchen and game room, fitness center, business center and two outdoor courtyards. Manchester boasts low unemployment rates, high affordability and strong economic growth. This has translated into high occupancy and consistently strong rental growth. Major employers in the area include Oracle, TD Bank, New York Life and Southern New Hampshire University. Jones Street expects construction to be completed in the summer of 2024. About Jones Street Investment Partners: Jones Street Investment Partners is a privately held real estate investment management firm focused on multifamily investments located in the Northeast and Mid-Atlantic regions of the United States. Formed in 2014, the Boston-based firm is an opportunistic and disciplined value-based investor focused primarily on the management of long-term, cash-flowing investment strategies and drawing on the capabilities of affiliate Jones Street Residential for asset and property management. Aligning an institutional-quality investment and operational approach with the economic and strategic interests of its investors, Jones Street is a trusted source of investment opportunities for its capital partners. Jones Street’s portfolio consists of 4,389 apartment units with approximately $1.3 billion of current assets under management and $360 million of equity invested.

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ENGINEERING TECH

Rite-Solutions receives three Navy contracts worth $68 million

Rite-solutions | November 25, 2022

Rite-Solutions is pleased to announce it was recently awarded three contracts by the Naval Undersea Warfare Center Division Newport (NUWCDIVNPT), Naval Information Warfare Systems Command (NAVWAR), and Naval Surface Warfare Center Dahlgren Division (NSWCDD). Over the next three to five years, the three contracts total $68 million. Supporting NUWCDIVNPT’s Code 25 Combat Systems Department, Rite-Solutions will provide hardware and software engineering, systems engineering, system integration and testing, fleet support, and administrative services supporting the AN/BYG-1 submarine combat control system modernization. The contract is worth $25 million. “we are thrilled to continue supporting the Code 25 Combat Systems Department in what has been a long and productive partnership for more than two decades.” -Laura Deady Sr. Vice President Rite-Solutions. Separately, the Naval Information Warfare Systems Command (NAVWAR) awarded the company a $13 million follow-on contract under the Navy’s RAPDS Multi-Award ID/IQ for PEO MLB/PMW 250. Rite-Solutions will continue sustaining and maintaining the DoD IT Portfolio Repository (DITPR)-DON and DON Application and Database Management System (DADMS) IT Portfolio Management system. DITPR/DADMS is used by the DoD to maintain an inventory of all of its hardware, software, and their interfaces. The Naval Surface Warfare Center Dahlgren Division (NSWCDD) awarded the third contract to Rite-Solutions, worth $30 million. The Rite-Solutions proposal included up to 60 full-time employees, annually. The company will be hiring up to 30 people in the Virginia and DC area. “the Dahlgren center provides the world’s best surface ship command and control systems and we’re very pleased to apply our experience in undersea warfare.” -Laurie Carter, Rite-Solutions’ Senior Vice President of Business Development and Strategy. Rite-Solutions will provide engineering and combat systems integration expertise to the NSWCDD Integrated Combat Systems Department to plan and execute combat systems operations activities in support of current and future Combat System Command and Control functions. Rite-Solutions President and CEO, Dennis McLaughlin notes, these contracts, on the heels of a $77 million contract awarded by NSWCDD earlier this year, are a testament to the expertise and dedication of Rite-Solutions’ employees and the value we provide our customers. About Rite-solutions: Rite-Solutions, Inc. is an award-winning small business specializing in system engineering, software development, information technology (IT), and cyber security for government and commercial segments. Rite-Solutions has offices in Rhode Island, Connecticut, and Washington D.C.

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CONSTRUCTION

Franklin Construction Group Remains Industry Leader in Middle Tennessee

Franklin Construction Group | December 15, 2022

Franklin Construction Group (FCG), a leader in the construction industry in Tennessee, today announced its milestone of $450 million in building contracts, with another $315 million in its construction pipeline from 2022 through 2025. Projects under contract span Middle Tennessee and include approximately 250 single-family homes, 100 townhouses, and over 1,780 apartments. FCG projects include construction and renovations in Spring Hill, Gallatin, Nashville, Lebanon, and Franklin. "We attribute our exponential growth to our team's long-standing track record of delivering efficient, on-time construction projects while maintaining our relationship-first commitment, We feel fortunate that the construction industry is thriving throughout Middle Tennessee, enabling us to continue delivering high-quality projects." -Will Schaedle, Senior Partner at Franklin Construction Group. 2022-2025 Franklin Construction Group projects in Tennessee include: Chartwell Manor at Beechcroft,124 houses in Spring Hill, is a residential development comprised entirely of single-family homes. The Chartwell at Green Lea,garden apartments, townhomes, and single-family houses, is a new mixed-use residential community planned for Gallatin, TN, on 44 acres. The development, currently under construction, will consist of 414 apartment units, 65 townhome units, and 49 single-family homes. The residential development will also include upscale amenities, such as a fitness center, an oversized pool, grilling stations, and a centralized clubhouse for their use. The Chartwell at Marathon Village are wrap-style/podium construction apartments and townhomes in downtown Nashville on the former Union Station Brick Yard site. The Marathon Village project is in a Qualified Opportunity Zone, a federally designated distressed community marked for revitalization, economic development, and job creation. This property will feature a luxury pool, outdoor amenity space, tenant-shared workspaces, a state-of-the-art fitness center, and a parking garage. Fitzroy Townhomes at Lebanon Marketplaceis answering the call for more housing opportunities in greater Nashville. Its locale is considered the "new gateway" to Lebanon. The project comprises 33 townhomes as part of a mixed-use development of 75 acres north of Interstate 40. Watkins North,wrap-style apartments in downtown Nashville, will have 377 apartments with upmarket appliances and finishes. In addition, it will feature amenities such as a tenant clubhouse, a state-of-the-art fitness center, an outdoor pool, and a parking garage. The Chartwell at Kedron Square, a garden apartment and single-family home development in Spring Hill, is part of a 124-acre master-planned community. It features a 292-unit multifamily apartment and 27 single-family cottages. Kedron Square will be one of the largest commercial districts in Spring Hill. Marriott Cool Springs, in Franklin, included renovating all guest rooms and bathrooms at the Franklin Marriott and the addition of the M-Club lobby lounge. The hotel is connected to the Cool Springs Conference Center and features nearly 30,000 square feet of event space plus 300 hotel rooms. Solstice at June Lake,garden apartments in Spring Hill, is an example of FCG providing construction company expertise to other qualified and reputable developers. Southeast Venture is the owner/developer of this project. Franklin Construction Group has become an industry leader in major Middle Tennessee markets. Since February 2021, they have created more than 1,000 jobs for the region's subcontractors, vendors, and suppliers. About Franklin Construction Group: Franklin Construction Group is the affiliate construction company for the Chartwell Companies. Its mission is to capitalize on its team's vast skills and experience to deliver cost-effective, timely construction projects of the highest quality. With completed projects exceeding $4 billion in aggregate value, the team has over 100 years of combined construction experience. This includes over 12,000 apartments, 15,000 single-family homes, 50 hotels, and several hundred thousand square feet of commercial space.

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CONSTRUCTION

Electrical Contractor Houle to Manage Hybrid Workplaces and Distributed Teams with Procore

Procore | November 16, 2022

Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced that Houle Electric Ltd. has selected Procore Technologies as its construction management platform. Based in Burnaby, B.C., Houle delivers diverse construction services to industrial, commercial, institutional and residential customers, including construction management, design-build/design-assist and installation and retrofitting services. Its services include electrical construction, security and network systems, building automation, healthcare technology and integration. The company’s project portfolio includes hospitals, universities, shopping malls and industrial facilities. The Procore construction management platform will empower Houle to provide a centralized source of information for its project and administration teams, which enjoys a hybrid work environment at its offices in British Columbia with staff distributed across BC, Alberta and internationally. As construction becomes more complex, multi-trade collaboration has become more important. The platform will enhance Houle’s ability to communicate and collaborate with external partners, ensuring all project stakeholders have the most current information. With Procore it will be possible to assign tasks and track the contributions of staff and consultants, all in one place. “There’s a lot of complexity in managing distributed and hybrid teams, The volume of projects and information we’re working with has grown beyond the capabilities of manual tools. The Procore platform will enable us to keep everyone on the same page, wherever they are and whether they’re on our team or a partner. Our team appreciates the hybrid workplace we offer and this will make the experience even better.” -Keith Parsonage, President and CEO, Houle. Houle is committed to attracting the best talent in western Canada, and digitizing processes with Procore will also help Houle attract talent during the construction industry’s ongoing labour shortage. They can now double down on the quality of work they deliver to clients through a more standardized operation using Procore, said Jas Saraw, Vice President, Canada at Procore. This is exactly the kind of forward thinking we want to enable and enhance with our platform. Houle will enjoy rich information upon which to base its decision making, which will pay dividends for years to come. About Houle Electric: Since 1944, Houle’s been bringing communities to life. From airports, shipping terminals, and water treatment facilities, to hospitals, universities, and shopping centres, they deliver integrated electrical solutions for our industrial, commercial, institutional, and residential customers. While they are leaders in electrical construction, they also specialize in a wide range of in-house technology solutions, including building automation, healthcare technology, structured cabling, and security. As a certified Great Place to Work, and one of Canada's Best Managed Companies, they take pride in their talented people and collaborative culture that bring their client's vision to life. About Procore: Procore is a leading global provider of construction management software. Over 1 million projects and more than $1 trillion USD in construction volume have run on Procore's platform. Procore’s platform connects key project stakeholders to solutions Procore has built specifically for the construction industry—for the owner, the general contractor, and the specialty contractor. Procore's App Marketplace has a multitude of partner solutions that integrate seamlessly with Procore’s platform, giving construction professionals the freedom to connect with what works best for them. Headquartered in Carpinteria, California, Procore has offices in the United States, Canada and around the globe.

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Spotlight

BIM is a process supported by various tools, technologies and contracts involving the generation and management of digital representations of physical and functional characteristics of places. Here are the latest trends for BIM for 2023.

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