Caterpillar is expanding its Clayton facility, waterfront development adjacent to the new Wilmington Convention Center is moving forward, and the national economy netted an additional 240,000 jobs in January, including 21,000 jobs in the construction sector.
Some of this evidence might be anecdotal. Still, pretty good week. May it be followed by many more.
February 4, 2012 Update: Let’s end the week acknowledging three other noteworthy development projects about which the News & Observer reported within the last two weeks: out-of-state developers have broken ground on a $37 million, 291-unit apartment complex in Raleigh’s Briar Creek neighborhood; Greenfire Development is set to begin construction on a $10 million, 88-unit apartment complex in downtown Durham; and Capitol Broadcasting is set to break ground this spring on Diamond View III, a 130,000 square foot office building behind left field of the Durham Bulls Athletic Park (or “D-bap” to us locals).
Holy moly — new office building construction, in a central business district, in this economy?! Again, maybe it’s only anecdotal evidence of a meaningful, lasting recovery. But I’ll take it.
N.C. Construction Law, Policy & News 