Archives for September 2012

Sterling Construction Breaks Ground in North Dakota

Mishawaka, Ind. – Sterling Construction has begun work on Sierra Ridge, a 278-unit upscale apartment home community in Dickinson, North Dakota. Located on State Ave. North and 21st West, this market rate rental community is in a rapidly-growing area thanks to the oil boom of the Bakken Shale Formation.

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Hotel Construction Sees Modest Comeback

Wall Street Journal – By KRIS HUDSON

Hotel construction, which dropped sharply during the economic downturn, has staged a modest turnaround, buoyed by building booms in New York as well as in small towns crowded with workers drilling oil-shale formations.

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Second Phase of Class A Apartments Homes Underway

Jonesboro, Arkansas

Braxton Development, a Montana-based company, has broken ground on a second phase for Willow Creek Apartment Homes in Jonesboro, AR. Willow Creek II will add 144 units, a second fitness center and swimming pool to the existing 180-unit market rate apartment community. The $12 million development is scheduled to be complete in spring 2013.  “We are looking forward to continuing to provide high-quality housing to the Jonesboro community,” said Jon Braxton, owner of Braxton Development. “We’ve had a great response and maintained a high occupancy percentage with our Phase I apartment homes and feel that the housing demand in this market is there for Phase II to be successful also. Phase I set the benchmark in apartment home living in Jonesboro by providing quality living environments, superb amenities, and outstanding customer satisfaction. Willow Creek II will be another example of this Class A lifestyle.”

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