flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

Multifamily Sector Giants: Younger consumers, Sunbelt renaissance energize multifamily housing [2014 Giants 300 Report]

Multifamily Sector Giants: Younger consumers, Sunbelt renaissance energize multifamily housing [2014 Giants 300 Report]

AEC firms are delivering projects that cater to consumers seeking reasonably priced rentals in hot urban markets.


By Raissa Rocha, Associate Editor | August 6, 2014
SkyHouse Orlando is a 23-story, 320-unit residential tower located adjacent to a
SkyHouse Orlando is a 23-story, 320-unit residential tower located adjacent to a public bus route and near a proposed commuter r

Multifamily housing construction is expected to remain relatively strong throughout 2014, according to Freddie Mac (http://bit.ly/TJvZ8R). Starts picked up in 2013, with completions due to catch up this year, finally approaching pre-recession levels. 

AEC firms are delivering projects that cater to consumers seeking reasonably priced rentals in hot urban markets. Gen Y consumers are more likely than their Boomer antecedents to embrace the notion of renting as a lifelong strategy.

Noting these trends, a Building Team in the Southeast has developed SkyHouse: a branded program that provides high-rise apartments for Gen Y professionals near urban centers, public transportation, and nightlife. Since 2011, eleven SkyHouses have been developed, including finished properties in Orlando, Fla., Austin, Texas, Atlanta, Houston, and Dallas, and buildings under way in Raleigh, N.C., Atlanta, Tampa, Fla., Houston, and Charlotte, N.C.

Novare Group, which is developing the projects with Batson-Cook Development Company, previously specialized in high-rise condos, and wanted to bring a different approach to apartment towers that would cost only marginally more than low to mid-rise multifamily housing.

The SkyHouses consist of vertically stacked units with minimal variation; interiors are tweaked to reflect local market preferences. Separating parking facilities from the towers has reduced construction time and costs.

Jones Lang LaSalle’s U.S. Multifamily Outlook Year-End 2013 (http://bit.ly/1ifRCC4) notes the growing (and “thriving”) activity in this region: “While the housing recovery is causing expansion nationwide, the mending of the hardest hit housing markets in the Sunbelt is driving significant gains in those metros.”

 

Top Multifamily Architecture Firms

Rank Company 2013 Multifamily Revenue
1 RTKL Associates $29,674,000
2 Niles Bolton Associates 26,257,959
3 Solomon Cordwell Buenz 26,000,000
4 Architects Orange 18,989,853
5 WDG Architecture 18,737,000
6 Stantec 17,622,016
7 Perkins Eastman 16,000,000
8 NORR 11,572,227
9 Ziegler Cooper 8,815,451
10 Skidmore, Owings & Merrill 8,702,356
11 FXFOWLE Architects 8,100,000
12 Good Fulton & Farrell 7,931,000
13 Hord Coplan Macht 7,794,838
14 HOK 7,404,036
15 Smallwood, Reynolds, Stewart, Stewart & Associates 7,338,774
16 Gensler 7,139,176
17 Perkins+will 7,100,000
18 Mithun 5,966,000
19 Rule Joy Trammell + Rubio 5,787,000
20 FitzGerald Associates Architects 5,464,276
21 VOA Associates 5,266,818
22 Cooper Carry 5,055,632
23 OZ Architecture 4,879,000
24 Beyer Blinder Belle 4,780,731
25 ZGF Architects 4,770,730
26 Harley Ellis Devereaux 4,670,000
27 HKS 4,641,794
28 Lord Aeck Sargent 4,585,731
29 EDI International 4,538,210
30 GBBN Architects 4,120,000
31 Eppstein Uhen Architects 3,912,939
32 Kohn Pedersen Fox Associates 3,795,000
33 Hensley Lamkin Rachel 3,120,000
34 BLTa 3,100,000
35 IBI Group ? Gruzen Samton 3,000,000
36 Nadel 3,000,000
37 Shepley Bulfinch 2,803,000
38 Moseley Architects 2,774,269
39 Callison 2,697,208
40 Carrier Johnson + Culture 2,638,036
41 Morris Architects 2,240,000
42 Cuningham Group Architecture 2,149,438
43 Montroy Andersen DeMarco 2,130,000
44 MBH Architects 1,940,000
45 NAC|Architecture 1,871,525
46 Commonwealth Architects 1,627,175
47 Corgan 1,596,285
48 Symmes Maini & McKee Associates 1,560,000
49 Clark Nexsen 1,400,000
50 Page 1,400,000
51 Goettsch Partners 1,400,000
52 WATG | Wimberly Interiors 1,388,000
53 Goodwyn Mills & Cawood 1,328,694
54 Cambridge Seven Associates 1,277,000
55 Nelson 1,254,686
56 Hnedak Bobo Group 1,205,000
57 Swanke Hayden Connell Architects 1,200,000
58 Ratio Architects 1,127,764
59 LS3P 1,052,598
60 Kirksey 967,711
61 Sherlock, Smith & Adams 934,000
62 CTA Architects Engineers 831,135
63 Leo A Daly 824,915
64 Hoffmann Architects 747,000
65 Epstein 740,000
66 PGAL 736,900
67 Environetics 655,268
68 NBBJ 544,000
69 Davis Brody Bond 522,616
70 ATA Beilharz Architects 495,285
71 Hoefer Wysocki Architecture 410,000
72 Adache Group Architects 400,000
73 BLDD Architects 390,000
74 P+R Architects 381,150
75 Moody Nolan 361,308
76 Poskanzer Skott 350,000
77 RNL 310,000
78 RSP Architects 264,000
79 Vocon 262,947
80 CASCO Diversified Corp. 225,000
81 Baskervill 218,225
82 Heery International 196,283
83 Becker Morgan Group 192,043
84 JRS Architect 185,000
85 H3 Hardy Collaboration Architecture 183,452
86 Ennead Architects 168,902
87 Wight & Company 161,000
88 Colkitt & Company 100,000
89 Ashley McGraw Architects 83,478
90 Integrus Architecture 59,840
91 Margulies Perruzzi Architects 48,409
92 KZF Design 26,017
93 TEG Architects 20,879
94 Harvard Jolly Architecture 17,585

 

 

Top Multifamily Engineering Firms

Rank Company 2013 Multifamily Revenue
1 AECOM Technology Corp. $121,890,000
2 URS Corp. 56,953,263
3 Parsons Brinckerhoff 36,412,208
4 WSP Group 24,860,000
5 Wiss, Janney, Elstner Associates 21,180,000
6 DeSimone Consulting Engineers 20,620,346
7 Jacobs 15,370,000
8 Thornton Tomasetti 14,452,161
9 Simpson Gumpertz & Heger 11,690,000
10 Magnusson Klemencic Associates 10,137,916
11 STV 8,519,000
12 Arup 6,211,364
13 KPFF Consulting Engineers 6,000,000
14 Bala Consulting Engineers 5,083,000
15 Dewberry 4,849,178
16 Interface Engineering 3,522,946
17 M-E Engineers 3,429,000
18 Martin/Martin 2,558,401
19 CTLGroup 2,330,000
20 Paulus, Sokolowski and Sartor 2,100,000
21 Glumac 1,779,976
22 Aon Fire Protection Engineering Corp. 1,700,000
23 AKF Group 1,642,000
24 Allen & Shariff 1,500,000
25 Vanderweil Engineers 1,494,000
26 KCI Technologies 1,300,000
27 RDK Engineers 1,240,000
28 Davis, Bowen & Friedel 1,176,676
29 Coffman Engineers 1,161,281
30 M/E Engineering 1,034,842
31 French & Parrello Associates 972,500
32 Graef 821,802
33 I. C. Thomasson Associates 810,000
34 SSOE Group 793,545
35 Smith Seckman Reid 784,137
36 TLC Engineering for Architecture 780,974
37 OLA Consulting Engineers 695,000
38 CJL Engineering 662,940
39 Spectrum Engineers 557,881
40 GHT Limited 510,000
41 Guernsey 417,874
42 RMF Engineering 400,000
43 H&A Architects & Engineers 400,000
44 Sparling 393,807
45 Karpinski Engineering 370,666
46 Walter P Moore and Associates 364,810
47 Joseph R. Loring & Associates 320,000
48 Barge Waggoner Sumner & Cannon 320,000
49 Stanley Consultants 301,510
50 Environmental Systems Design 290,666
51 Highland Associates 250,000
52 Wallace Engineering 233,000
53 Henderson Engineers 231,482
54 TTG 216,150
55 Zak Companies 188,814
56 G&W Engineering Corp. 178,400
57 Wick Fisher White 156,293
58 Newcomb & Boyd 133,995
59 Leidos 120,000
60 Apogee Consulting Group 96,875
61 Dunham Associates 50,000
62 P2S Engineering 31,535
63 Heapy Engineering 19,441
64 Total Building Commissioning 18,405
65 Brinjac Engineering 12,960

 

 

Top Multifamily Construction Firms

Rank Company 2013 Multifamily Revenue
1 Lend Lease $1,680,438,000
2 Clark Group 832,640,000
3 Balfour Beatty US 686,819,862
4 Plaza Construction 670,000,000
5 Swinerton Builders 503,250,000
6 Suffolk Construction 452,592,931
7 Adolfson & Peterson Construction 325,225,509
8 PCL Construction 287,254,951
9 Weis Builders 270,383,000
10 James McHugh Construction 264,613,678
11 Walsh Group, The 254,726,672
12 Turner Construction 244,990,000
13 Summit Contracting Group 240,984,366
14 Whiting-Turner Contracting Co., The 238,617,178
15 Batson-Cook 225,076,882
16 Tutor Perini Corp. 216,439,042
17 JE Dunn Construction 204,409,132
18 Harkins Builders 168,000,000
19 McShane Companies, The 164,546,476
20 Brasfield & Gorrie 163,127,667
21 Hunt Companies 148,155,000
22 Bernards 144,000,000
23 James G. Davis Construction 123,693,698
24 Kitchell Corp. 123,591,618
25 Skanska USA 118,105,783
26 Weitz Company, The 104,812,724
27 Gilbane 104,239,380
28 DPR Construction 102,599,861
29 Hensel Phelps 99,310,000
30 C.W. Driver 91,430,000
31 LeChase Construction Services 78,720,000
32 Power Construction 74,000,000
33 W. M. Jordan Company 72,475,701
34 Bette Companies, The 72,287,000
35 Ryan Companies US 57,491,712
36 URS Corp. 56,953,263
37 Structure Tone 50,290,000
38 Flintco 46,600,000
39 Douglas Company, The 45,166,765
40 Hoar Construction 44,342,000
41 Layton Construction 43,600,000
42 CORE Construction Group 42,926,217
43 Absher Construction 41,419,197
44 Hill International 40,000,000
45 HITT Contracting 36,700,000
46 Parsons Brinckerhoff 36,412,208
47 Walbridge 34,000,000
48 Paric Corp. 34,000,000
49 Robins & Morton 33,809,050
50 Hunt Construction Group 32,000,000
51 O'Neil Industries/W.E. O'Neil 31,098,921
52 Kraus-Anderson Construction 31,000,000
53 Yates Companies, The 29,600,000
54 Choate Construction 29,008,583
55 Manhattan Construction 25,932,000
56 Austin Commercial 25,565,808
57 Linbeck Group 21,000,000
58 Haselden Construction 19,911,322
59 Juneau Construction 19,007,317
60 Beck Group, The 18,964,678
61 Messer Construction 18,394,464
62 KBE Building Corp. 13,628,837
63 STV 8,519,000
64 Bomel Construction 7,894,058
65 LPCiminelli 7,437,315
66 Consigli Construction 5,542,121
67 IMC Construction 4,556,000
68 Pepper Construction 2,870,000
69 Coakley & Williams Construction 1,994,991
70 Allen & Shariff 1,500,000
71 Stalco Construction 1,010,000
72 EBCO General Contractor 895,700
73 JLL 840,400
74 S. M. Wilson & Co. 722,352
75 New South Construction 205,000
76 Heery International 196,283
77 Hill & Wilkinson 191,000

 

Read BD+C's full 2014 Giants 300 Report

Related Stories

| Jan 25, 2011

Bloomberg launches NYC Urban Tech Innovation Center

To promote the development and commercialization of green building technologies in New York City, Mayor Michael R. Bloomberg has launched the NYC Urban Technology Innovation Center. This initiative will connect academic institutions conducting underlying research, companies creating the associated products, and building owners who will use those technologies.

| Jan 25, 2011

Top 10 rules of green project finance

Since the bottom fell out of the economy, finding investors and financial institutions willing to fund building projects—sustainable or otherwise—has been close to impossible. Real estate finance prognosticators, however, indicate that 2011 will be a year to buy back into the real estate market.

| Jan 25, 2011

Chicago invented the skyscraper; can it pioneer sustainable-energy strategies as well?

Chicago’s skyline has always been a source of pride. And while few new buildings are currently going up, building owners have developed a plan to capitalize on the latest advances: Smart-grid technologies that will convert the city’s iconic skyline into what backers call a “virtual green generator” by retrofitting high-rise buildings and the existing electrical grid to a new hyper-connected intelligent-communications backbone.

| Jan 25, 2011

AIA reports: Hotels, retail to lead U.S. construction recovery

U.S. nonresidential construction activity will decline this year but recover in 2012, led by hotel and retail sectors, according to a twice-yearly forecast by the American Institute of Architects. Overall nonresidential construction spending is expected to fall by 2% this year before rising by 5% in 2012, adjusted for inflation. The projected decline marks a deteriorating outlook compared to the prior survey in July 2010, when a 2011 recovery was expected.

| Jan 25, 2011

Jester Jones Schifer Architects, Ltd. Joins GPD Group

GPD Group is excited to announce that Jester Jones Schifer Architects, a Marion-based architectural firm, has joined our firm, now enabling GPD Group to provide architectural services to the Central-Ohio market.

| Jan 21, 2011

Combination credit union and USO center earns LEED Silver

After the Army announced plans to expand Fort Bliss, in Texas, by up to 30,000 troops, FirstLight Federal Credit Union contracted NewGround (as CM) to build a new 16,000-sf facility, allocating 6,000 sf for a USO center with an Internet café, gaming stations, and theater.

| Jan 21, 2011

Manufacturing plant transformed into LEED Platinum Clif Bar headquarters

Clif Bar & Co.’s new 115,000-sf headquarters in Emeryville, Calif., is one of the first buildings in the state to meet the 2008 California Building Energy Efficiency Standards. The structure has the largest smart solar array in North America, which will provide nearly all of its electrical energy needs.

| Jan 21, 2011

Primate research facility at Duke improves life for lemurs

Dozens of lemurs have new homes in two new facilities at the Duke Lemur Center in Raleigh, N.C. The Releasable Building connects to a 69-acre fenced forest for free-ranging lemurs, while the Semi-Releasable Building is for lemurs with limited-range privileges.

| Jan 21, 2011

Harlem facility combines social services with retail, office space

Harlem is one of the first neighborhoods in New York City to combine retail with assisted living. The six-story, 50,000-sf building provides assisted living for residents with disabilities and a nonprofit group offering services to minority groups, plus retail and office space.

boombox1
boombox2
native1

More In Category




halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021