Construction Today - March 2012 - (Page 80)

Residential | FORTUNE-JOHNSON GENERAL CONTRACTORS When it is completed later this year, Emory Point will be a 580,000square-foot development with a 300,000-square-foot parking deck. « No Room for Error T he key to the success of any residential mixeduse development that aims to attract college students is making sure apartments are available at the start of the academic year. Opening after that milestone could mean the difference of 100 percent occupancy and offering well-below-market rent just to fill vacancies. That is the motivation behind the expedited schedule for the Emory Point development in Atlanta. Emory Point is not just a ground-up residential apartment structure, either. The building will house 443 units atop 80,000 square feet of retail space and adjacent to an 8story precast parking deck. The structure will boast a deck, office, fitness center, elevated courtyards and high-end finishes, as well. Located near Emory University to attract student-renters, this project is on a fast-track schedule to be delivered before the start of the 2012-13 school year despite FortuneJohnson Contracting – the general contractor for the job – breaking ground just in July 2011. According to Group Vice President Jared Ford, Fortune-Johnson is compressing a 24-month construction schedule into 18 months contractually, with the intention to eliminate an additional two months from the contract time for this $60 million project. “If they’re not open with most of the units available by start of the fall semester, it will really harm the lease-up,” he says. “We want to have retail open and most of the units ready by the fall. This forced us to figure out how to build this project in 16 to 18 months when it easily should have been a 24-month project.” FORTUNE-JOHNSON HAS AN EXTREMELY COMPRESSED SCHEDULE ON EMORY POINT. BY BRIAN SALGADO Fortune-Johnson General Contractors • Project cost: $60 million • Location: Atlanta • Employees on-site at peak: 450 “If they not open with most ’re of the units available by the time the fall semester starts, it will really harm the lease-up.” –Jared Ford, group vice president Expediting Required To speed up construction, Fortune-Johnson is treating the project as two separate jobs. When completed, Emory Point will consist of four buildings wrapped around a parking structure. 80 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