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2017 Economic Outlook Forecasts 3% Growth In Equipment and Software Investment

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Investment in equipment and software is expected to grow 3.0% in 2017, according to the Annual 2017 Equipment Leasing & Finance U.S. Economic Outlook released today by the Equipment Leasing & Finance Foundation. After a likely contraction in 2016, equipment and software investment is on track to improve in 2017. According to the Outlook, while persistent global headwinds and policy uncertainty are ongoing concerns, the U.S. economy’s fundamentals are generally solid, and rising business confidence should lead to increased investment. The Foundation’s report, which is focused on the $1 trillion equipment leasing and finance industry, highlights key trends in equipment investment and places them in the context of the broader U.S. economic climate. The report will be updated quarterly throughout 2017.

Ralph Petta, President of the Foundation and President and CEO of the Equipment Leasing and Finance Association, said, “With the elections over and key policy decisions beginning to take shape, the cloud of uncertainty hanging over businesses’ decisions to invest appears to be lifting. Business confidence in the future of the U.S. economy is on the rise. Unemployment is slowly decreasing, housing prices are improving, and the securities markets are in all-time record territory. This more positive economic news during the second half of 2016 seems to indicate that GDP is poised for solid, if unspectacular, growth. We are hoping that the spillover effect is a strong equipment finance industry in 2017.”

Highlights from the study include:

  • In 2017, the U.S. economy is poised to experience moderately strong growth of 2.7%.  After a growth pause during the first half of 2016 in which low energy and commodity prices contributed to weak business confidence and investment, the U.S. economy appears to be back on solid footing.
  • Credit market conditions are healthy and are not expected to inhibit business investment or the equipment finance industry.
  • Struggles for the energy, manufacturing and export sectors posed a major drag on business investment in 2016, but early indicators point to growth of 3.0% in equipment and software investment in 2017.
  • The Foundation-Keybridge U.S. Equipment & Software Investment Momentum Monitor, which is included in the report, tracks 12 equipment and software investment verticals. A number of verticals are primed to improve in the first half of 2017. Over the next three to six months:
    • Agriculture machinery investment growth will likely remain negative.
    • Construction machinery investment growth should improve.
    • Materials handling equipment investment growth should remain stable.
    • All other industrial equipment investment growth will likely rebound.
    • Medical equipment investment growth should remain stable.
    • Mining and oilfield machinery investment growth is expected to improve.
    • Aircraft investment growth will likely strengthen.
    • Ships and boats investment growth is set to improve.
    • Railroad equipment investment growth should continue to strengthen.
    • Trucks investment growth is poised to accelerate.
    • Computers investment growth is likely to improve.
    • Software investment growth should continue to strengthen.

The Foundation produces the Equipment Leasing & Finance U.S. Economic Outlook report in partnership with economics and public policy consulting firm Keybridge Research. The annual economic forecast provides a three-to-six month outlook for industry investment with data, including a summary of investment trends in key equipment markets, credit market conditions, the U.S. macroeconomic outlook and key economic indicators. The report will be updated quarterly throughout 2017.

Access the full report at www.leasefoundation.org/research/eo/.

The Equipment Leasing & Finance Foundation is a 501c3 non-profit organization dedicated to inspiring thoughtful innovation and contributing to the betterment of the equipment leasing and finance industry. Funded through charitable individual and corporate donations, the Foundation focuses on the development of in-depth, independent research and resources for the advancement of equipment finance industry knowledge. Visit the Foundation online at www.LeaseFoundation.org.

All Foundation studies are now available for free download from the Foundation’s online library. A new infographic is also available from the recently released U.S. Equipment Finance Market Study 2016-2017, which provides a comprehensive view on the current size and anticipated growth of the U.S. equipment finance market,

at http://www.leasefoundation.org/research/sefi/infographic.cfm.

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Hyatt Place Hotel & Conference Center Set For Belleville

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6-Story Tower With 130 Guest Rooms Plus Restaurant & 24 Meeting Rooms

The first totally new hotel to be built in Belleville in 55 years will be a six-story Hyatt Place tower with an adjoining conference center and full-service restaurant on Illinois State Route 15 across from the main entrance to the National Shrine of Our Lady of the Snows.

Construction of the 130-room hotel and 40,000-square-foot conference center will begin in the spring, with completion expected about 18 months later, according to Chane Keller, vice-president of Oak Tree Management Services. Oak Tree Management is developing the 33-acre site and will operate the hotel/conference center.

“This Hyatt Place hotel with its national reservation system and the adjoining internationally recognized Hofbräuhaus restaurant are significant milestones for Belleville,” Keller said.

“Add this state-of-the-art conference and meeting center with a ballroom for 1,500 people and Belleville will have a world-class hospitality complex,” Keller added.

“The combination of these facilities will draw business and leisure travelers from throughout the Midwest. We plan to work with all other entertainment facilities and tourism groups in the area, including Gateway International Raceway, the Casino Queen, Fairmount Park race track, the Blues hockey team and the Cardinals baseball team plus the St. Louis Sports Commission and the St. Louis Convention & Visitors Commission as well as Illinois South Tourism,” Keller said. “We will do our best to maximize interest in visiting Belleville, Southwestern Illinois and St. Louis.”

Construction and design costs for the hotel, restaurant and conference center are estimated at about $28 million, Keller said.

ICON Commercial Lending, Inc., (www.ICONcl.com) has invested in a partnership with Oak Tree Management to own the hotel/conference center/restaurant and has guaranteed up to $30 million for construction, according to ICON Managing Director Randall Farr.

“We at ICON are excited about participating in this Hyatt Place hotel/conference center project with Oak Tree Management and the Keller Family. We believe this overall development will be a huge benefit to the City of Belleville, to St. Clair County and to the entire St. Louis area,” Farr said.

The hotel at the National Shrine of Our Lady of the Snows will remain open and under Shrine management until the Hyatt Place complex opens. Current plans are for the 70-room hotel then to be closed and the building re-purposed for another use, not yet determined, according to Chris Diehl, the Shrine’s guest services and marketing manager.

Building construction of the $12 million, 1,000-seat Hofbräuhaus restaurant in the same development is expected to be completed in January, with installation and testing of brewing equipment imported from Germany in January and February. Opening date will be determined when satisfactory production at the on-site brewery is established.

Site preparation is expected to resume soon, to be followed by the installation of streets, curbing, parking lots and utilities.

Construction details for the previously announced Jack Flash convenience store and fuel station are nearing completion, with building expected to begin in the spring.

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Saint Louis Construction Cooperative Salutes Cortex Innovation Community & St. Louis Construction Leadership

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Saint Louis Construction Cooperative (formerly PRIDE of St. Louis Inc.) has honored a community of entrepreneurial idea generation and enduring leadership in the local construction industry.  The Cortex Innovation Community was awarded the labor-management organization’s 2016 Joe Rinke Impact Award at its ninth annual awards luncheon on October 27, 2016.  Dennis Corrigan, CEO of Corrigan Co., the mechanical contracting firm celebrating its 120th anniversary this year, was honored with the Al Fleischer Management Award.  Dr. John Gaal, director of training and workforce development for the St. Louis-Kansas City Carpenters Regional Council was saluted with the Dick Mantia Labor Award.  The awards were presented at a luncheon at the Cedars at St. Raymond’s at 939 Lebanon Dr. in St. Louis.

“We are honoring a legacy of entrepreneurial excellence in the construction industry while also saluting champions of strengthening St. Louis’ entrepreneurial and workforce development future,” said John Stiffler, executive secretary-treasurer of the St. Louis Building & Construction Trades Council, AFL-CIO and Saint Louis Construction Cooperative board member.

Founded in 2002, the Cortex Innovation Community is a vibrant 200-acre innovation hub and technology district integrated into St. Louis’ historic Central West End and Forest Park Southeast residential neighborhoods.  It is surrounded by nationally ranked universities and medical centers and abundant cultural and recreational assets.  Since its inception, Cortex has completed or has under construction one million square feet of new and rehabilitated space totaling $350 million of investment and generating 2,500 technology-related jobs. When fully implemented, the Cortex master plan projects $2.1 billion of construction, more than 4.5 million square feet of mixed-use development (research, office, clinical, residential, hotel, and retail), a new MetroLink light-rail station and 13,000 permanent technology-related jobs.  For more information, visit www.cortexstl.com.

Dennis Corrigan is the third generation of his family to lead Corrigan Co.  Founded in 1896 at the dawn of indoor plumbing, Corrigan has grown to serve the complex mechanical engineering and construction needs for a variety of industries.  For more than 25 years, Corrigan has guided the firm’s award-winning and customer-focused approach serving energy and nuclear power, healthcare, advanced manufacturing, data centers, public works, commercial and other industries.  Today, 16 of the 20 largest high rises in St. Louis have Corrigan installed HVAC systems.

Corrigan has been highly active in improving the mechanical and construction industry locally and nationally.  He is past president and current board member of the Mechanical Contractors Association, Eastern Missouri.  As a board member of the Mechanical Contractors Association of America, Corrigan serves its government affairs committee. He is also a mentor for the AGC of Missouri Stempel Mentor-Protégé Program.  His enduring commitment to the Saint Louis Construction Cooperative includes current service on its executive committee.

As director of training for the Carpenters Regional Council, Dr. John Gaal oversees five federally-approved joint apprenticeship training programs and three full service training facilities.  He has an associate’s degree in construction management, a bachelor’s degree architecture, a masters in international business and a doctorate in organizational leadership. In addition, Dr. Gaal has completed a post-doctoral project on trade union leadership at Harvard University.  As a labor representative, he has served on the Missouri and St. Louis County Workforce Investment Boards and the International Foundation of Employee Benefit Plans committee on training and education.  Dr. Gaal has been honored with the 2004 Missouri Trade and Technical Outstanding Leadership Award, the 2007 Missouri NEA’s Horace Mann Award, the 2007 NAACP Labor Diversity Advocate Award and the St. Louis Council of Construction Consumers 2008 Diversity Champion Award.

The Saint Construction Cooperative was founded in 1972 and is the oldest voluntary local construction labor-management organization in the nation. For more than 40 years, it has pioneered a collaborative approach to sustaining harmony and building cooperation among St. Louis area AFL-CIO construction craft workers, contractors, construction buyers, architects, engineers and suppliers.  For more information, visit www.stlouisconstructioncooperative.org.

The Saint Louis Construction Cooperative awards recipients seated in the front row are, left to right, Dennis Corrigan, , CEO of Corrigan Co., Dr. John Gaal, director of training and workforce development for the St. Louis-Kansas City Carpenters Regional Council, Mike Sullivan, COO of the Cortex Innovation Community.  In the back row, left to right, are John Stiffler and Tom Heeger, Saint Louis Construction Cooperative co chairs, and Jeff Aboussie, former secretary-treasurer, St. Louis Building & Construction Trades Council, AFL-CIO.

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Ground Broken For New $10 Million Spec Building At Fenton Logistics Park

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Milestone represents another major step forward in KP Development’s plans to transform the former Chrysler site into a logistics park, bring up to 3,000 jobs back to the area

With a ceremonial tossing of the dirt against a backdrop of heavy equipment, construction on a new $10+ million spec building got underway today at the former Chrysler Assembly Plant in Fenton, and the much anticipated Fenton Logistics Park took a giant step forward. Representatives from KP Development, St. Louis County Executive Steve Stenger, Fenton Mayor Mike Polizzi, members of the Fenton Board of Aldermen, members of the project team and other invited guests gathered for the event, where the first building to break ground is expected to be the first of many.

KP Development, the St. Louis-based developer leading the project, has been working diligently over the past few years to breathe new life into the former Chrysler plant since closing on its acquisition of the Chrysler site in November 2014. KP Development has already invested $10 million in site improvements and has been working to line up the local and state incentive packages necessary for the project to continue to advance. Those efforts came to fruition with the recent approval by the St. Louis County Council of Tax Increment Financing (TIF) funding for the redevelopment, and approval is anticipated later this year for state supplemental tax increment financing assistance. That public support is paving the way for KP Development to move forward with the next phase of development as the first new building starts to take shape in what will ultimately be a $222 million, 2.1 million-square foot business park.

“The public support for this project is greatly appreciated and was essential to today’s ground breaking, which represents an important phase in the history of St. Louis’ economy and a critical step in making the Fenton Logistics Park a reality,” noted Terry Barnes, Managing Director of KP Development. “This is the right time for this project and we look forward to now accelerating our work to redevelop this site, and ultimately creating thousands of sustained jobs and renewal of an area which once employed so many.”

The first building will be a single story, 160,000 square foot facility located on a 12-acre site in the south east corner of the logistics park and suitable for office, warehouse and multifunction use. It is served by the existing BNSF rail facilities and its access will also be enhanced by a Highway 44 ramp from the future Fenton Logistics Parkway. Sixteen truck docs will be available initially, with the capability to add an additional 18 if needed. KP Development is in discussions with various prospective tenants for the building under development, as well as with various other potential users of the site.

The architect for the building is M&H Architects. Paric is serving as the general contractor. Construction is expected to be completed by late summer 2017.

Through KP Development’s redevelopment plans, more than eight-million square feet of asphalt concrete slabs and parking lots will be removed, two miles of new streets and roadways will be added and an all new utilities infrastructure will be created to serve the needs of the companies and businesses that will call the Fenton Logistics Park home. New electric, gas and water are being finalized to serve the new spec building, and storm water and sanitary improvements are nearing completion.

Bordered by I-44 and strategically situated near the I-44 and I-270 interchange, the Fenton Logistic Park site abuts existing rail access, offering a convenient, easy-to-access Midwest location. It also has the added advantage of a strong and existing workforce. As the local market continues to gain traction as a key Midwestern warehouse and logistics hub, the Fenton Logistics Park will provide new and expanding companies opportunities to establish roots for the next several decades.

“KP Development’s new multi-million dollar facility is a sound investment in the future of Fenton, St. Louis County, and the entire region,” County Executive Steve Stenger said. “I salute all of our partners for their dedication to this project.”

Fenton Mayor Mike Polizzi also expressed his excitement about this latest development with the project. “Anything that advances this project is great for Fenton and great for the entire St. Louis region,” said Polizzi. “Taking this vast, abandoned site and repurposing it in a way that brings significant investment and thousands of new jobs to this area is a real win-win for this area.”

As it is built out and additional tenants are lined up, Fenton Logistics Park is expected to feature nearly 1.2 million square feet of manufacturing, logistics and warehouse space; 480,000 square feet of office/warehouse and flex space; 182,500 square feet of retail, restaurant and hotel space, and 105 acres of land owned by the BNSF Railway for anticipated additional railroad services. The overall development has the potential to result in 2,500 – 3,000 permanent jobs, pumping an estimated $135 million in wages to the region. The actual redevelopment of the site is also expected to create 500-750 construction jobs over the next several years.

To date, KP Development has co-managed and developed over $275 million of office/industrial/retail buildings for Fortune 500 companies. This represents more than 2.5 million square feet in more than a dozen states.

For more information about Fenton Logistics Park, visit www.kpdevelopment.com

KP Development is a St. Louis-based real estate development firm providing full-service development services for office, industrial, and specialty projects, with a focus on meeting the needs of their clients. To learn more about KP Development, call Terry Barnes (314) 261-7349 or Scott Haley (314) 261-7352 or visit www.kpdevelopment.com.

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St. Louis Info Session on Commercial Drone Certification

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The Electrical Connection will host an informational session on compliance with unmanned aerial vehicle (UAV) regulations and is planning to offer certification training at the IBEW/NECA Electrical Industry Training Center.   The Oct. 28, 2016, 1 p.m. to 3 p.m. meeting at the training center is open to any civic or business operation that uses UAVs, also called drones.   The training center is located at 2300 Hampton Ave. in South St. Louis.  The deadline to register for the event is Oct. 25, 2016 can be done by emailing damon@uaviation.us or by calling 314-484-6360.  The Electrical Connection is a partnership of the International Brotherhood of Electrical Workers (IBEW) Local 1 and members of the St. Louis Chapter of the National Electrical Contractors Association (NECA).

On July 21, 2016, the U.S. Department of Transportation’s Federal Aviation Administrator (FAA) finalized rules for UAV systems. The new rules took effect on August 29 2016, offering safety regulations for unmanned aircraft drones weighing less than 55 pounds that are conducting commercial operations.  The rule’s provisions are designed to minimize risks to other aircraft and people and property on the ground.

The informational meeting at the training center will be conducted by the Association for Unmanned Vehicle Systems International (AUVSI) – Gateway Chapter and will be its first since the new FAA rules took effect in August 2016.  “Partnering with the Electrical Connection makes sense because the electrical industry already has the best foundation of knowledge in electrical systems – wireless and otherwise – that power this evolution in robotics,” said Dr. Damon Lercel, president of AUVSI-Gateway Chapter.  “UAVs are essentially flying electronic robots and the Electrical Connection’s IBEW/NECA membership has been engineering and installing robotics in advanced manufacturing facilities for decades.”

The IBEW/NECA Electrical Industry Training Center has been collaborating with the AUVSI-Gateway Chapter and UAViation, an unmanned aviation services and training provider, to develop a curriculum for attaining UAV certification.

“We’ve always adapted our training program to rapidly advancing technology,” said Jim Curran, executive vice president, Electrical Connection.  “We did so at the dawn of the Information Age and for data storage, building automation, wireless integrated communications, electric vehicles and robotics.  It’s why we look to partner with visionary organizations like AUVSI-Gateway Chapter so our workforce is always prepared to safely and proficiently install the technology upon which our future depends.”

While the construction industry is already making extensive use of UAVs, first responders, real estate firms, agriculture, media and film makers, civil engineering and civic entities are all making use of the technology.  “It’s been a bit of a wild west out there as regulation tries to keep up with technology,” said Dr. Lercel.  “The AUVSI-Gateway Chapter was formed in 2012 in anticipation of a greater need to bring sensible rules to the operations of UAV systems.  The Electrical Connection has been a prime supporter of our mission since its inception.”

AUVSI is the world’s largest nonprofit organization devoted exclusively to advancing the unmanned systems and robotics community. Serving more than 7,500 members from government organizations, industry and academia, AUVSI is committed to fostering, developing, and promoting unmanned systems and robotics technologies. AUVSI members support the defense, civil and commercial sectors.  Learn more at www.auvsi.org.

St. Louis-based UAViation is a provider of unmanned aviation services and training.  Its unmanned aircraft and professional pilots provide a safe, low-cost, and environmentally friendly alternative to satellite imagery, manned aircraft, or traditional inspection techniques.  UAViation is FAA approved to commercially operate unmanned aircraft and is fully insured. Learn more at www.uaviation.us.

Members of the IBEW/NECA Electrical Connection provide safe and reliable electrical construction, maintenance, repair and replacement services in Missouri and nationwide. More is online at www.electricalconnection.org.

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IMPACT Strategies Completes Belleville Police Department Headquarters, Begins Renovations to City Hall

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Construction-management firm IMPACT Strategies announced it completed construction earlier this summer on the City of Belleville’s new

$15.8 million police department headquarters, located at 720 W. Main Street. Department personnel moved from 101 S. Illinois Street, the former building it shared with City Hall, to its new location earlier last month. With all personnel and offices vacated, IMPACT Strategies has begun asbestos remediation and demolition as part of a major renovation project at City Hall that will be ongoing until spring of 2017.

Belleville City Hall
Belleville City Hall

IMPACT began working with the City of Belleville early last spring in an effort to provide a solution for the outdated, overcrowded building that housed police headquarters and City Hall offices since 1957. With the City having purchased the 44,000-square-foot building at 720 W. Main St., IMPACT Strategies undertook reconstructing the building’s interior, transforming it into a new, state-of-the-art police department with a forensics lab, dispatch center, sally port, community classroom, 9-1-1 emergency call center, and storm safety areas for prisoners and employees. IMPACT also built an adjacent parking garage with enough room to accommodate a large number of police cruisers and a maintenance area for city vehicles.

With the completion of the police headquarters project, work is now underway to help to expand and modernize Belleville’s existing City Hall facilities. The project’s first phase involves the removal of asbestos throughout the building, as well as changes to its exterior and interior to make it ADA accessible. Renovations also include updates to the main administration areas on the first and second floors, significant security enhancements in Council Chambers, and the addition of a balcony in Council Chambers to provide increased seating capacity. The renovation project is costing the City approximately $2.5 million. IMPACT collaborated with The Lawrence Group Architects of St. Louis, Inc., for both City projects.

Mayor Mark Eckert said, “IMPACT Strategies did outstanding work on the renovation of the new police department, diligently working to ensure that no detail was overlooked and that we remained operational without any disruption to police business and the emergency call center. I am confident they will complete the City Hall project with the same efficiency and professionalism, and with as little disruption as possible to City business. In the end, we’ll have a facility that will much better serve the needs of our citizens.”

IMPACT Strategies, Inc. specializes in Retail, Commercial, Medical, Senior Housing and Education construction and offers comprehensive construction services including design-build, general contracting, construction management and pre-construction management.

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Senior Apartments to be Built by the Swansea MetroLink Station

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New Transit-Oriented Development Project Will Offer Affordable Senior Living With Easy Access to MetroLink

Southwestern Illinois Development Authority (SWIDA), in partnership with Bywater Development Group and Bi-State Development (BSD), is pleased to announce a new, $10.5 million development that will bring senior apartment living adjacent to the Swansea MetroLink Station in Swansea, Ill. The transit-oriented development (TOD) project, which will be developed by SWIDA and Bywater, was approved by the Illinois Housing Development Authority (IHDA) in Chicago on September 16.

This new development, called Metro Landing of Swansea, will feature a handsome three-story building with 62 affordable one- and two-bedroom apartments for older adults seeking an independent lifestyle. Located adjacent to the Swansea MetroLink Station, residents will have car-free transportation options via MetroLink and MetroBus to conveniently access restaurants, retail, entertainment venues, recreational locations, employment centers, and medical facilities around the bi-state region. The Swansea Station is located on the Metro East Park and Recreation District BikeLink trail system, so seniors will be able to utilize the trail for exercise and recreation.

This development would not have occurred without the collaboration of a number of groups including IHDA, the St. Clair County Transit District and the Village of Swansea.  The Village has been a vital asset in the predevelopment planning process.  “It is truly an example of how public and private partnerships can lead to an important community investment,” James Nations, SWIDA’s Chairman said. “This is an excellent opportunity for SWIDA and Bywater Development Group to contribute to active senior housing as this segment of the population continues to grow.” The SWIDA Board of Directors is seeking other markets in the region in need of comparable developments.

Mike Lundy, Executive Director of SWIDA said, “It has been great working with Bi-State Development. We are very pleased with the new senior housing development and worked extremely hard to move this development forward.”

“This new development to be positioned next to the Swansea MetroLink Station reflects other successful transit-oriented projects in our area, and is a testament to the positive benefits the Metro transit system brings to the region,” said John Nations, President and CEO of Bi- State Development (BSD). BSD operates the metro public transportation system for the St. Louis region.

“Metro Landing of Swansea is reflective of a very strong and effective public/private partnership and stands to serve as a model for transit oriented senior housing. It will create both a positive impact on the community and an ideal living environment for its residents.  Our organization is highly honored to be a part of this collective effort,” said Aaron Burnett, President of Bywater Development Group.

Metro Landing of Swansea is scheduled for construction commencement in the summer of 2017 with full completion by late summer of 2018.

The Southwestern Illinois Development Authority is a special-purpose, municipal corporation and local governmental unit whose purpose is to promote and enhance economic development within the counties of Bond, Clinton, Madison and St. Clair Ill. To learn more, visit www.swida.org.

Bi-State Development (BSD) operates the St. Louis Regional Freightway, the region’s freight district, and the Bi-State Development Research Institute. BSD is the operator of the Metro public transportation system for the St. Louis region.

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Holland Construction Services Breaks Ground on Addition at Oak Hill

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Oak Hill GroundbreakingHolland  Construction  Services,  Inc. (Holland)  joined  with  staff  and  residents  of  Oak  Hill,  along with members of the Waterloo community, at a ground breaking celebration for Oak Hill’s new transitional care center.

The 16,000 square‐foot addition, called Evergreen Pointe, will include 7 long‐term private rooms in addition to a short‐term rehab unit with 14 private rooms. The new addition will also feature a dining room, common area, and courtyard.

“The  purpose  of  this  addition  will  be  to  provide  services  to  those  who  are  just  coming  to  Oak  Hill  for a short‐term rehabilitative stay while recovering from a surgery or illness such as a hip fracture, knee replacement, stroke, etc,” said  Kim Keckritz, Administrator at Oak Hill.

Oak Hill has been servicing the residents of Monroe County for over 65 years. In addition to their rehabilitation services, they also offer senior living apartments, memory care, and skilled care.

Grubbs & Associates out of Hazelwood, Missouri, is the architect on the project.  Work on the new addition is scheduled  to be complete in May 2017.

Holland  Construction  Services  is  a  full‐service  construction  management,  general  contracting,  and  design/build  firm  based in Swansea, Ill., guided  by  the  principle  of  providing  our  clients  the  best  possible  building experience  on every  project.

 

 

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Senior Lifestyle Corp. Building $24 Million, 84-Unit The Sheridan at Laumeier Park

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Assisted Living and Memory Care Residences to Open in Early 2017

 

Senior Lifestyle Corporation, a closely-held national owner, operator and developer of senior housing communities, is targeting a grand opening in early 2017 of The Sheridan at Laumeier Park, the first of several retirement communities it plans to develop in metro St. Louis.

The Sheridan will feature 43 assisted-living apartments plus 41 memory care residences developed specifically to support those with dementia, including Alzheimer’s.  The project, totaling nearly 69,000 square feet of finished space, is emerging from a 3.9-acre site at 12470 Rott Road adjacent to Laumeier Sculpture Park in Sunset Hills, Mo.

 

“The Sheridan is unique in that it blends the latest concepts in senior living design with a warm and nurturing environment, all specifically programmed around residents and their families,” said Mark Fontana, executive director.  “It will reflect the consummate level of expert care that has distinguished our family-owned company since its founding 31 years ago.” 

 

Residents will have access to nearly 38,000 square feet of common area including living rooms plus a dining room, entertainment room, fitness center and art studio.  Underground parking, as well as spectacular views, are two features of The Sheridan at Laumeier Park that are hard to come by in other senior housing options.  Additionally, smartly integrated internet technology will make it easy for residents to stay in touch with family and staff.

 

The Sheridan at Laumeier Park is currently supporting 150 construction jobs and is projected to create100 full-time equivalent jobs (both full- and part-time permanent positions) when it opens. 

                                                                                                            

Founded in 1985, Senior Lifestyle Corporation is a family-owned company that promotes healthy, happy residents through an unmatched level of service. To learn more, visit www.seniorlifestyle.com.

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Pinnacle Contracting, Inc. Selected Construction Manager for $5.7 Million Performing Arts Center at Jefferson High School

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Project Will Create a New 650-Seat Theatre/Auditorium

Jefferson County R-VII School District has tapped St. Louis-based Pinnacle Contracting, Inc. as construction manager for a $5.7 million Performing Arts Center at Jefferson High School, 7 Blue Jay Way, in Festus, Mo.

Pinnacle is targeting a July 2017 completion for the single-story, 22,000-square-foot addition that will be highlighted by a 650-seat auditorium with lobby and include a shop and black box as well as storage and support areas for the theatre.  Paving, site utilities, concrete and other exterior modifications are other elements of the assignment. Jefferson High School currently covers 66,895 square feet.

“The addition of the Performing Arts Center will offer every student in the Jefferson School District the opportunity to receive a world-class education. Brain research has shown the importance of arts for the total development of the child. This addition is just one more step in process of helping every child reach his or her full potential,” said Clint Johnston, superintendent, Jefferson R-VII School District.

St. Louis, Mo.-based Ebersoldt + Associates is project architect.

Founded in 1998 in St. Louis by Tom McLaughlin, P.E., and Nelson Grumney, Jr., Pinnacle Contracting, Inc. provides general contracting, construction management and design/build services to a national clientele.

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