Construction Today - July 2016 - 101

The building will be more
than 120,000 square feet
when completed.

«

Ventures, the developer of the Stanley Marketplace. After a couple
meetings, both Flightline and White knew it was a good fit.
The hard construction costs on the project, including asbestos
abatement, is $17 million. Total development costs are around $25
million. Due to the fact that this is such a unique property and such
a large venture into the urban market, banks were a little leery to
jump into the mix.
"Tying up financing took longer than actual construction," Haugen says. "When all is said and done, actual construction on site will
have taken about 12 months. The building and site is monstrous.
The building is more than 120,000 square feet and is surrounded by
24 acres of land."

Bob Stanley was an American aviator, innovator and entrepreneur
whose contributions ought to be celebrated and remembered. White
Construction thinks this project honors his legacy and his spirit
of ingenuity. "We are deeply proud to be part of that story and the
creative spirit that is transforming Stanley Aviation into Stanley
Marketplace," Haugen says.
As the company looks beyond the Stanley Marketplace project,
it knows that the construction industry will always at the mercy of
the marketplace. Weathering the next downturn and gearing up for
the subsequent boom is a reality of its world. All of that being said,
White Construction says it is committed to keep on searching for interesting projects and opportunities to work with interesting people
at every turn in the road.

Unique Undertaking
The Stanley project has a number of noteworthy design and
construction elements. Haugen says the typical adaptive reuse or
historic preservation project evokes images of a building from the
turn of the century. However, this building is unmistakably post-war
modern, having been rapidly built over a three-year period between
1955 and 1958.
"A few years ago, not many people would have considered saving,
let alone landmarking, a building like this one," Haugen says. "However, the incredible story of American aviation history that Stanley
helps tell is well worth preserving. With the recent interest in postwar culture due to shows and movies like Mad Men and a desire for
authentic, locally driven shopping experiences, the time was exactly
right for a project like Stanley."
Haugen says White is part of a great team on the Stanley Marketplace project. He says the company has taken its lead from what he
calls Flightline Ventures' "Stanifesto." Based on that mentality, the
company really made an effort to select trade partners who caught
the vision of what everyone is trying to do there. From the designers
to the tenants, the entire team adheres to the same vision statement
at field coordination meetings.
Not surprisingly, there have been a number of challenges to
overcome on the project. The single biggest obstacle the project
team has faced is that the structure is undersized for modern
codes. More than 300 tons of steel has been used to reinforce and
construct the building.
"To give you context for that, we could almost have built a
three-story, 100,000-square-foot building with the same tonnage,"
Haugen says. "Of course, modern energy codes pose challenges, too."
In the end, the Stanley Aviation story is going to live on in northwest Aurora for another 50 years thanks to this project. Haugen says

101

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