Construction Today - March 2012 - (Page 76)

Residential | AVALON BAY COMMUNITIES INC. – AVA H STREET New Developments AVALONBAY INTRODUCED TWO NEW BRANDS IN RESPONSE TO MARKET DEMANDS. BY JAMIE MORGAN AvalonBay’s AVA communities are geared toward the Generation Y population. « A ny development company that works exclusively in high-barrierto-entry markets must know a thing or two about real estate trends. These markets – mainly in the Northeast, Midwest, Mid-Atlantic, Pacific Northwest and Northern and Southern California – come with higher costs and greater time commitments required to get developments under construction. They also come with more risk but, should they succeed, greater rewards. These are the exact markets that AvalonBay Communities Inc. chooses to work in. “AvalonBay Communities Inc. is in the business of developing, redeveloping, acquiring and managing high-quality apartment communities,” the company says. “[AvalonBay] owns, or holds interests in hundreds of apartment communities with over 50,000 housing units in these markets. In addition, at any given time, the company has a number of communities under construction and reconstruction, as well as holding future development rights for other communities.” The company has mainly grown through its Avalon Communities brand. Its products are large, upscale apartment communities in urban and suburban areas designed for renters who desire classic finishes and on-site amenities such as fitness centers, pools, lounges, outdoor spaces and on-site management. Avalon Bay Communities Inc. – AVA H Street • Location: Washington, D.C. • Scope of work: 138-unit apartment community Seeking Gen Y Renters In December 2011, the company announced two more community brands – AVA and eaves by Avalon – will join the AvalonBay family and address the needs of a changing market and a new renting demographic. “We are excited about our ability to provide customers with three distinct options in apartment living,” states President Tim Naughton. “During the brand development process, we have come to know our customers better than ever, their likes and dislikes, their needs and wants. In each of our apartment brands, we offer a combination of product, location, service and price, well-suited to address the needs of renters today and in the future.” The eaves by Avalon communities are intended for cost-conscious renters seeking “This will be one of the first new AVA developments for us.” –Brian Packard, construction project manager solid quality and functional living spaces with practical amenities. AvalonBay plans to develop eaves communities in suburban areas through acquisition and redevelopment of existing communities. The AVA brand will grow through redevelopment and new development projects. The company has redeveloped communities in the Nob Hill neighborhood of San Francisco and the Belltown section of Seattle and opened a new 76 CONSTRUCTION-TODAY.COM MARCH 2012 http://www.CONSTRUCTION-TODAY.COM

Table of Contents for the Digital Edition of Construction Today - March 2012

Construction Today - March 2012
Best Practices
Construction Insurance
JC Beal Construction – Brod - erick Tower redevelopment
Harden Group
Pyramid Companies – Destiny USA
EllisDon – Yorkdale Shopping Center
HBD – Dierbags
Marous Brothers Construction
Roy Anderson Corp. – Margaritaville Casino and Restaurant
Foulger-Pratt Contracting LLC – Lorton Workhouse Arts Center
Penn Builders Inc.
Turner Finch Construction – University of Kentucky Center for Applied Energy Research
Bouygues-Bird Joint Venture – Royal Canadian Mounted Police E Division Headquarters
Camden County Improvement Authority: Cooper Medical School of Rowan University
Coreslab Structures (OKLA) Inc.
Hensel Phelps Construction Co. – City of San Antonio Public Safety Headquarters
Kjellstrom + Lee Inc. – UVA Barry & Bill Battle Building
Hensel Phelps – High-altitude Army Aviation Training Site
Texas A&M University – Northside Residence Hall
Milton J. Womack Inc./JE Dunn JV – Our Lady of the Lake Heart and Vascular Tower and Trauma Center Expansion
AvalonBay Communities Inc. – Avalon Park Crest
Powell Construction Services LLC
AvalonBay Communities Inc. – AVA H Street
Buckingham Companies
Fortune-Johnson General Contractors
Current Builders – The Residences at Lakehouse
Forino Co.
Mill Creek Residential Trust LLC
Black Hills Corp. – Pueblo Airport Generation Station
URS Corp./Alberici Constructors Inc. – Olmsted Dam Project
APEX Block Corp.
BMW Constructors Inc.
Last Look

Construction Today - March 2012