Construction Today - October/November 2011 - (Page 102)

Commercial | NEW DAWN DEVELOPMENTS Always Nimble on its Feet NEW DAWN HAS ADAPTED TO MARKET CONDITIONS WITH GUSTO. BY KATHRYN JONES Dawn also delivered »NewMountain Spirit Resort the and Spa in Kimberley. N estled in the heart of the East Kootenay Rockies, New Dawn Developments has built a reputation based on its principles of quality workmanship, customer service and value, President Chad Jensen says. His father, Rick Jensen, founded the Cranbrook, British Columbia-based company in 1978. Rick Jensen served as mayor of Cranbrook from 1983 to 1990, while growing New Dawn into a successful land development and residential real estate enterprise. Today, the company consists of seven divisions: single-family residential, multifamily residential, estate homes, commercial, renovation, land development and project management. “Our quality level doesn’t change, no matter what the product is,” Chad Jensen says. After the younger Jensen joined New Dawn in 1996, the company expanded into multifamily residential and recreational properties at the Kootenay area ski resorts. “We are located in an area where there are three ski hills, a multitude of lakes and golf courses,” he describes. “It’s a tourism mecca with a lot of people buying second homes out here, so that’s been a big focus for us over the last 10 to 15 years.” New Dawn Developments • Headquarters: Cranbrook, British Columbia • Employees: 40 • Specialty: Land development, real estate and project management. Adapting to the Market Approximately two years ago, New Dawn and a group of investors purchased the ski hill, 50 percent of the golf course and all of the retail and food and beverage operations of Panorama Mountain Village in Panorama, British Columbia. In late October, the company will complete a renovation of a hotel on the property, and it intends to build more single-family and multifamily homes as the market dictates. New Dawn recently ventured into the modest-income or “attainable” housing market with the development of the 25-unit Fisher “We’ve been challenged to reinvent ourselves and shift to where the market is.” –Chad Jensen, president Peak Townhomes property in Cranbrook. As a registered builder with Built Green Canada for the past two years, New Dawn intends to make Fisher Peak Townhomes the first Platinumcertified Built Green Project in Cranbrook. “We’re currently putting the roof on the first building and moving into the sales program more aggressively,” Jensen says. In a challenging economic climate, New Dawn has seen a major shift in the marketplace, he reports. Before the downturn, multifamily projects had constituted 90 percent of its business, but now that sector has dried up almost completely, leaving the company to pursue other interests. “There has been a substantial shift in our business model over the last two years because we used to be so heavily reliant on multifamily,” Jensen says. “The advantage of being a small company is being able to adapt to the market quickly. We’ve been challenged to reinvent ourselves and shift to where the market is, so we’re ramping up our commercial and renovation divisions.” The company also has found ways to oper- 102 CONSTRUCTION-TODAY.COM OCTOBER/NOVEMBER 2011 http://www.CONSTRUCTION-TODAY.COM

Table of Contents for the Digital Edition of Construction Today - October/November 2011

Construction Today - October/November 2011
Energy Efficiency
Green Building
Executive Perspective
Best Practices
Bernards Construction – El Capitan High School
Bogner Construction Co. – College of Wooster Scot Center
Jean McClung Middle School
Hellas Sports Construction
The Walsh Group – NOAA Pacific Regional Headquarters
Haskell Co. – Scripps Proton Therapy Center
Robert A. Bothman Inc. – Stockton Unified School District
JE Dunn – Energy Systems Integration Facility
Rosendin Electric – AVUHSD Solar Project
Ratcliff Construction Company – Crossroads Church
University of Texas Southwestern Medical Center
Flintco Pacific – Calaveras County Adult Detention Facility
Lee Lewis Construction – Angelo State University’s Plaza Verde Student Housing
Manhattan Construction – First Baptist Church of Dallas
Market & Johnson – Eau Claire County Courthouse project
McTech Corp – 97th Military Police Battalion Headquarters
Parkland Health & Hospital System
RBC Construction
Central Building and Preservation – Randolph Tower City Apartments
Scaparotti Construction Group
Trinity Properties – Trinity Place
Advanced Real Estate Services
Lawrence B. Wohl Inc./Wohl Diversified Services
TN Ward and Commercial Interiors – Maryland Live
ASX Construction – Parc Lafayette
Bayland Buildings Inc.
Dependable Mechanical Systems
New Dawn Developments
DSLD Homes
Aquilini Development and Construction Inc.
Cobalt Construction – Meta Housing
Lifestyle Communities
Pratt and Associates LLC
Miramonte Homes
MP J.J. Duffy Joint Venture/Pathway Senior Living LLC – Victory Centre Vernon Hills
Woodland Homes
Aecom/Inima Joint Venture – Hialeah, Fla., Water Treatment Plant
MWH Constructors – Austin Water Treatment Plant No. 4
Pepper-Lawson Construction – Missouri City Surface Water Treatment Plant
MWH Constructors – AWT Improvements
Blount Contracting Inc.
Harbor Offshore Services
Cruz Construction Inc.
Humble Construction
Nova-Con Projects Ltd.
Trimen Electric
EllisDon Corp. – Atlantic Region
EllisDon Corp. – St. Joseph's Regional Mental Health Care
Focus Equities
Intercom Services Immobiliers
George Brown College – New Waterfront Campus
Seaside Transportation Services
Last Look

Construction Today - October/November 2011