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Bozzuto Construction Quarterly Newsletter – December 2020

 

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From the Desk of Bozzuto Construction President Mark Weisner CLIENT SPOTLIGHT: Mission First Housing Group PROJECT SPOTLIGHT: Bozzuto Completes Delta Towers INFLUENCING THE INDUSTRY: Tracking Renovation Progress via Drones IN THE COMMUNITY: Spreading Happiness This Holiday Season


FROM THE DESK OF THE BOZZUTO CONSTRUCTION PRESIDENT
How Will COVID Impact Construction in 2021?
Mark Weisner
Mark Weisner

Since late March 2020, our industry has experienced varying impacts due to COVID-19. While construction operations have largely been considered essential across the country, certain markets and sectors are feeling COVID repercussions more than others.

Through my peer group participation, I have personally heard from contractors focused on hotel, office and retail construction that many projects in planning have nearly halted. Others operating in areas like Denver and Dallas shared how they have seen a significant decline in construction starts due to projects being postponed or canceled. Bozzuto Construction has been very fortunate in that the markets and sectors that we serve have been less impacted to date. As a result, we continue to start projects and experience minimal delays in our DC/MD/VA, PA, and Boston, MA markets.

Overall, project pipelines have stayed somewhat steady, which is one of the main reasons I remain positive in our industry’s ability to recover, as we have in previous downturns. Also, based on the Architecture Billing Index, architectural firm spend – which is considered the tip of the spear for determining future work – will pick back up in 2021, bringing more opportunities to build.

However, due to COVID and the shifting of the capital market landscape, getting deals done will require creative solutions from developers, architectural firms, construction companies, and subcontractors alike. In other words, we must all work together. In the New Year, there will be more pressure than ever for construction numbers to go down in order to make a deal work. So, to do our part, we must truly understand the key cost drivers that most significantly impact our industry, which are materials and labor. Between a global pandemic, a volatile lumber market, and pressure on an already strained labor force, what does this mean for getting deals done in 2021?

Read more of Mark Weisner’s article here.

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CLIENT SPOTLIGHT
Mission First Housing Group

Bozzuto Construction has officially broken ground on Suitland Senior Apartments in Prince George’s County, Maryland. Developed by Mission First Housing Group, Suitland Senior Apartments is the nonprofit’s newest affordable senior and independent living community, which includes construction of a 112,993 square foot, 137-unit residential building designed by Soto Architecture.

“We are thrilled about the opportunity to work with Mission First again after completing their new Belnor Senior Residences community in 2018,” said Bozzuto Senior Vice President, Kelly Cantley. “We value the relationship we have built with their team, and highly respect the organization overall for their commitment to creating safe and sustainable homes for people in need.”

Bozzuto is scheduled to deliver this new senior residence in 2022. To learn more about Mission First and their incredible work, please click here.

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PROJECT SPOTLIGHT
Bozzuto Completes Delta Towers

Bozzuto Construction is proud to announce the completion of Delta Towers, a new mixed-use development in Washington, DC.

“It has been our team’s pleasure to work alongside owners Delta Housing Corporation of The District of Columbia, Dantes Partners, Gilbane Development Company, and KGD Architecture on this new development,” said Bozzuto Director, Matt Bland. “With 179 affordable senior living units and over 5,000 square feet of retail space, this is a great addition to the H Street Corridor.”

Delta Towers also offers 5,100 square feet of premium communal areas spread throughout the building, as well as below-grade parking.

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INFLUENCING THE INDUSTRY
Tracking Renovation Progress via Drones

Bozzuto Construction is continuously evolving our field technology in order to improve how we visually capture and track the progress of our projects. While we use a few different tools, 3D scanning and drone footage are popular options when it comes to our renovation projects. As such, we have opted to use both on our active Anna Cooper House Renovation in Washington, DC – and we would like to share our most recent drone video with you here on YouTube.

“When you look at the footage, you will see that Anna Cooper is a renovation we don’t see very often,” says Bozzuto Construction’s Director of Field Operations, Kelly Wallace. “The scope includes shoring, saving, and restoring a complete brick façade. Once the outside shell is stabilized, the entire remainder of the building inside is razed. Following the demolition, we then construct a completely new building inside the original brick shell.

You can also see cross lot braces and corner braces at each level of the structure which were installed from the top down. These shores are removed one level at a time from the bottom up as each new floor of the structure is set in place. Using drones to capture images like these is an inexpensive and versatile platform to see projects from a completely different perspective. It allows us to get a unique view that was not practical before. I am convinced that we will continue to see an increased use of this technology in the construction industry.”

Anna Cooper House is a 48-unit affordable housing community owned by SOME (So Others Might Eat). The renovation is on-track to complete in the Summer of 2021.

To date, our renovation portfolio includes over 21,000 dwelling units, either completed or in-progress. From the smallest renovation to the largest capital improvement, we deliver an innovative mix of expertise, commitment to quality and experience-focused design.

To learn more about our services and experience, please visit BozzutoConstruction.com.

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IN THE COMMUNITY
Spreading Happiness This Holiday Season

Like many things in 2020, our internal holiday toy drive is operating a little differently than it has in previous years. But that has not slowed us down!

With only one week of the drive remaining, we are happy to report that we have already collected over $1,000 in unwrapped toys. These donations will be distributed amongst several organizations, including MHP (Montgomery Housing Partnership), Wesley Housing, and Enterprise Communities to help spread holiday cheer to local children.

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