Construction Cost

Vermeulens has released its market outlook report for the second quarter of 2019. Key points include:

Amgen broke ground in late July of 2019 on a $200 million biomanufacturing center in West Greenwich, R.I. Featuring a highly flexible, modular design, the next-generation facility will leverage advanced technologies to reduce operational expenses, consume 80 percent less energy and water, and achieve a 75 percent decrease in carbon emissions.

Vermeulens has released its market outlook report for the first quarter of 2019. Key points include:

Southwestern College dedicated the $85.6 million Math and Science Building in June of 2019 in Chula Vista, Calif. Designed by Marlene Imirzian & Associates Architects to put science on display, the 132,708-gsf (99,747-nsf) facility features dedicated spaces for the school's new fermentation and drone science programs, as well as providing three large lecture halls, 15 laboratory classrooms, 19 standard classrooms, computer labs, study areas, administrative and faculty offices, collaboration areas, and a maker suite with a 3D printer.

With demand for human donor organs historically and increasingly outpacing the available, viable supply, researchers and physicians have looked for decades at xenotransplantation—cross-species transplantation—as a possible vehicle to overcome the problem. The traditional approach to xenotransplantation, however, is an “impediment to moving transplantation forward,” asserts Karl Kraebber, director of xenotransplantation operations at the University of Alabama at Birmingham School of Medicine. His team believes the solution isn’t in expensive and time-consuming renovation of existing buildings. “Our more novel approach is for flexible, modular spaces, to be used for small pilot trials and then scaled up once we have partnership with our governing agencies,” he says. “We’ll take ‘fast and good’ over ‘slow and perfect’ every time. It doesn’t mean we’re cutting corners.”

The Rockefeller University dedicated the $500 million Stavros Niarchos Foundation–David Rockefeller River Campus in May of 2019 in New York. The 160,000-sf complex features the $300 million, 135,600-sf Marie-Josée and Henry R. Kravis Research Building which provides flexible labs, two amphitheaters, offices, conference rooms, a dining area, and outdoor terraces. The two-story, horizontally oriented structure was designed to enhance collaboration and can support over 600 scientific staff.

The U.S. Department of Energy's Building Technologies Office announced up to $33.5 million in funding in May of 2019 for early-stage research and development of advanced building construction techniques to reduce energy costs. The Advanced Building Construction with Energy-Efficient Technologies & Practices (ABC) initiative aims to develop deep energy retrofit and new construction technologies that holistically tackle a combination of envelope, heating, cooling, water heating, and ventilation issues.

The University of Illinois broke ground in April of 2019 on the $75 million Classroom Instructional Building in Urbana. Providing 24 instructional spaces for programs in engineering, computer science, math, and statistics, the facility will feature a Greek-style round classroom, a distance-learning classroom, and team learning rooms with flexible furniture. The public-private project will be delivered by Vermilion Development, Campbell Coyle Real Estate, Provident Group, and Pepper Construction.

Vermeulens has released its market outlook report for the fourth quarter of 2018. Key points include:

The University of Hawaii at Manoa is building a $50 million life sciences facility in Honolulu. Designed to promote interdisciplinary collaboration, the three-story, 45,000-sf project will provide the College of Natural Sciences with classrooms, teaching and research laboratories, lab support spaces, and offices. Accommodating the departments of biology, microbiology, and botany, the building will also house the Pacific Biosciences Research Center and the Biological Electron Microscope Facility.

Mitsubishi Electric Corporation is planning to build a $33 million R&D facility for the creation of technologies for Zero Energy Buildings (ZEB) in Kamakura, Japan. The project will accelerate the company’s development, evaluation, and demonstration of ZEB technologies to meet the growing demand for buildings that combine comfort and superior energy savings. Mitsubishi Electric’s ZEB technologies are part of the company’s wide-ranging effort to help achieve the United Nation’s Sustainable Development Goals.

Ryerson University opened the Centre for Urban Innovation in January of 2018 in Toronto. Designed by Moriyama & Teshima and ERA Architects, the CAD$46 million project included the renovation and expansion of an existing structure to create a 40,000-sf facility providing wet and dry research labs, fabrication suites, a maker space, and offices for business incubation and commercialization.

Weber State University opened the renovated Lindquist Hall in December of 2018 in Ogden, Utah. Designed by GSBS Architects, the four-story, 119,322-sf facility provides five labs, 34 classrooms, a 150-seat lecture hall, a computer lab, a testing center, study spaces, and 72 offices for the College of Social & Behavioral Sciences. Lindquist Hall also houses the Olene S. Walker Institute of Politics & Public Service and the Richard Richards Institute for Ethics.

Oregon Health & Science University opened the $190 Knight Cancer Institute in September of 2018 on the South Waterfront Campus in Portland. Designed by SRG Partnership to foster multidisciplinary collaboration, the seven-story, 320,000-sf facility provides biomedical laboratories, administrative offices, interaction hubs, core labs, a 200-seat auditorium, and space for clinical trials. Featuring an integrated balance of wet and dry research spaces, the building accommodates programs in computational biology, early cancer detection, and immuno-oncology.

Vermeulens has released its market outlook report for the second quarter of 2018. Key points include:

Construction price escalation nationally has trended to 4 percent per annum for the second quarter of 2018. Due to consistent increases in construction costs over the past few years, the long-term trend for the Vermeulens Index is up to 3.4 percent from 3.3 percent.