A surge of construction, according to the most recent analysis from Yardi Matrix, is what the apartment market in the United States is experiencing this year. On the other hand, Josh Gottheimer, a member of the United States House of Representatives from New Jersey’s 5th Congressional District, made the announcement today that he has won the support of the New Jersey State Building Trades Council (NJ B&CTC), which includes the Bergen County Building & Construction Trades Council. Furthermore, the John Kam Malt and Kiln House, located in Black Rock at 356 Hertel Avenue, is undergoing a transformation right now. Moreover, the market for the transformation of coal into carbon products is projected to increase from $10 billion to $100 billion during the next three to five years, and Wyoming County may play a significant role in this growth.
Developers are erecting a record number of apartment buildings since 1972
Original Source: Most new units since 1972: Developers building apartment units at a record-setting pace
Yardi Matrix projects that 420,000 additional apartments will be built in the U.S. this year. 50-year high. Yardi says residential completions last topped 400,000 in 1972.
Nashville, Chicago, and Minneapolis-St. Paul are likely to be among the 20 busiest apartment markets this year.
New York will provide the most apartments in 2022, surpassing Dallas-Fort Worth for the first time since 2018. Half of the country’s top-20 metropolitan centers are in an apartment building frenzy, with new multifamily construction expected to hit five-year highs this year.
The construction industry is returning to pre-pandemic levels of activity, but it still faces three challenges: labor shortages, material costs and availability, and supply chain concerns.
Why is development booming? The Yardi Matrix shows pent-up demand for multifamily dwellings. As inflation and interest rates climb, more renters are delaying home purchases.
Nashville is the Midwest’s hottest apartment market. This Tennessee city will add 9,620 apartments in 2022, making it the 13th busiest new-construction market.
This year, Chicago will add 8,573 apartments. The city ranks 16th in multifamily construction. Minneapolis-St. Paul is the 19th busiest new-construction market in the USA.
Texas was well-represented. Dallas will have 23,571 new apartments in 2022, second only to New York. Austin placed fourth with 18,288 new apartment units expected this year, and Houston rated fifth with 17,759 new apartments.
The Yardi Matrix predicts the most apartment completions in Houston in five years. This year, Austin overtook Houston in the Yardi Matrix.
Gottheimer gets the NJ Building Trades Council’s endorsement
Original Source: Gottheimer Earns Endorsement of NJ State Building Trades Council
“Thank you to the New Jersey State Building Trades Council and the Bergen County Building & Construction Trades Council for your endorsement. The building and construction trades develop our economy, and I’m delighted to have their support and happy to fight alongside them to strengthen our communities,” said Congressman Gottheimer. “I helped pass the Bipartisan Infrastructure Bill to create millions of jobs a year for the next decade, and I won’t stop fighting for good-paying jobs.” Whether it’s fighting for the Gateway Train Tunnel, which will create thousands of jobs in our state, or safeguarding affordable healthcare, I won’t stop doing everything I can to develop our economy, expand opportunities, and assure a bright future for our family.
Bergen County Building & Construction Trades Council President Thomas Sullivan said Congressman Josh Gottheimer is a persistent warrior for working people in Bergen County and New Jersey. “He fights for our family, including healthcare, infrastructure, and lower taxes, to bring decent employment to North Jersey.” Josh Gottheimer is a problem solver who gets things done, and we’re delighted to endorse him.
The NJ B&CTC organizes 15 construction trade unions. 13 Local Building Trades Councils, 100 local unions, and 150,000 rank-and-file members are represented. Since 1903, the NJ B&CTC has helped its affiliated building trades unions make job sites safer, deliver apprenticeship and journey-level training, organize new workers, and secure improved wages, hours, and working conditions through collective bargaining and project labor agreements.
Gottheimer helped bring back to Jersey from Washington through the bipartisan infrastructure bill:
- Building the NY-NJ Gateway Tunnel
- New Jersey’s aging roads, bridges, and highways need $8 billion.
- Our families’ water requires $1 billion in water infrastructure to remove pollutants and lead.
- $100 million for Jersey’s 100,000 residents broadband-less.
- $4.1 billion for Jersey’s public transit.
- $104 million for EV charging networks and $2.5 billion in grants.
- Airport infrastructure needs $272 million.
- Helping create millions of jobs a year for the next decade, including for industrious laborers.
Keeping an Eye on Construction: 356 Hertel
Original Source: Construction Watch: 356 Hertel
The John Kam Malt and Kiln House at 356 Hertel Avenue in Black Rock is being converted. 80 apartments, self-storage, and 14,000 sq. ft. of retail/service space are proposed. The building will have a coworking area, a seventh-floor patio, a dog park with a wash station, bike storage, and an event space.
Fred LoFaso’s project is designed by Studio T3 Engineering. Commercial leasing is handled through Sienna Realty.
The 130,000-square-foot structure is on the State Registry and wants to be on the National Register. The home’s history:
The John Kam Malting Company was one of the greatest malt makers in the U.S. in the 19th and early 20th centuries. Buffalo’s only remaining Dornfeld drum and kiln system malthouse.
Engineer John F. Dornfeld designed the structure and patented the pneumatic drum germination system and pneumatic kiln used at the plant. The integrity of the interior spaces and architecture is determined by and includes these systems.
When Buffalo’s beer production grew in the late 19th century, John Kam’s malting complex on Genesee and Pratt Streets couldn’t produce enough malt. ” Mr. Kam decided to establish a new plant and chose a huge parcel of land in Black Rock,… This site is at the crossing of the Central Belt Line and the Niagara Falls main line. It is surrounded on the west by the Central’s Niagara Falls line and on the south by Hertel Avenue and the BeltLine. Kam’s plant would be “huge” and “first-rate in every way.” Kam hired John F. Dornfeld, who had recently left Galland-Henning. This was likely one of the company’s initial projects.
John Kam was born in Pleystein, Bavaria in 1833 and trained as a brewer and maltster there. In 1855, he immigrated to Buffalo and became brewmaster at the Jacob Scheu Malting Company on Genesee and Spring Streets. In 1860, he opened a bakery; in 1869, he opened a malt plant next door. With the success of his malting company, he built a facility at Genesee and Pratt Streets in 1872.
He created the John Kam Malting Company with his sons in 1889. Joseph was on the board of the German American Bank and owned the Exchange Elevator Corporation. Henry was an executive at the company. The youngest, John Jr., attended Canisius College and ultimately joined the corporation as general manager. It was “one of the largest privately-owned commercial companies in Buffalo” in 1898, with a floor-made capacity of 600,000 bushels. The company built a big malt house on Hertel Avenue in 1901.
The John Kam Malting Company Malt House and Kiln House on Hertel Avenue were the largest pneumatic drum malting systems in Buffalo and the “biggest malt house on earth” at the time. New malt-house capacity increased to 2,000,000 bushels per year.
After John Kam’s death in 1905, his sons continued running the company, using both the Genesee and Pratt complex and the Hertel Avenue facility, which featured a pneumatic drum and kiln system. The John Kam Company grew to be one of Buffalo’s and the country’s largest malting companies.
In 1918, the Oswego Milling Company bought the John Kam Malting Company on Hertel Avenue. The new company uses Dornfeld’s pneumatic kiln house, maintaining the apparatus that defines the architecture. The big pneumatic drums were delivered to South America and Mexican companies. Their existence is still obvious in the architectural volume and ghosting that provide architectural evidence of the Dornfeld drum system sub-type.
AmeriCarbon’s industrial park plans
Original Source: AmeriCarbon lays out plans for new industrial park
In three to five years, the market for transforming coal into carbon products might grow from $10 billion to $100 billion, and Wyoming County could play a major part in it.
China has the most coke ovens, so it has around 75% of the global market, AmeriCarbon Products’ CEO told Barkers Creek Industrial Park stakeholders Wednesday.
At Mullens’ new $7 million industrial park, AmeriCarbon Products aims to establish the country’s first coal-to-carbon factory.
The Wyoming County Economic Development Authority (EDA) gathered government agencies and utility company representatives to finalize park development and building construction.
“We needed to bring everyone together to talk face-to-face,” said county EDA chairman Mike Goode.
AmeriCarbon intends to use West Virginia’s bituminous coal, which is ideal for carbon, for anything outside power, said Berry.
“West Virginia could be a worldwide hub,” he remarked.
The eco-friendly technology may modify coal tar pitch for carbon fiber, radar absorber panels, graphite and carbon electrodes, lithium batteries, and conductive and insulating foams.
Coal tar pitch is a viscous, black liquid left after distillation. It is utilized in asphalt, varnishes, paints, roofing, and paving.
Opening the factory won’t happen overnight, said Goode.
Once the factory is finished, American Carbon will create 40 jobs.
The project is in the design phase, which includes creating three shell structures, determining where to install utilities, and more.
The plant may be completely operational in 36 months, say officials.
The final design will allow for future development, said CDI Engineering Solutions’ Monty Butcher.
“The shell building construction project consists of a 20,000-square-foot structure, a 5,280-square-foot building, and a 1,800-square-foot building with related site work,” said Region I Planning and Development Council project manager/GIS specialist Eric Combs.
“Project aspects include a road, parking, landscaping, site utilities, architectural, HVAC, fire protection, and appurtenances,” Combs stated.
According to the county EDA director, one building will be a carbon manufacturing factory, another a coal processing facility, and the third a lab and office space.
The $4.8 million shell building project is funded by a $3.9 million U.S. Economic Development Administration American Rescue Plan Act Economic Adjustment Assistance Grant, a $200,000 Wyoming County Commission grant, a $100,000 Wyoming County EDA grant, and a $675,000 West Virginia Department of Economic Development Governor’s Closing Fund grant.
The project is also awaiting the Notice to Proceed for grant financing and environmental approval, Combs said.
AmeriCarbon will add $85 million to the industrial park.
When operational, the factory will process 100 to 200 tons of coal a day in three shifts, seven days a week.
AmeriCarbon is designing its own processing equipment for the project, said Berry.
The county EDA owns the industrial park, and AmeriCarbon will lease it.
The corporation needs the whole park, said Berry.
AmeriCarbon Products has its R&D facility in Morgantown.
As the company grows in Wyoming County, 70 jobs are projected.
Laxton said the jobs will pay $50,000 to $75,000 a year with perks.
Jobs in management pay $120,000.
The 10.85-acre industrial park is located between Mullens and Herndon, off WV Rt. 10.
In 2011, the county’s EDA bought the former Lusk Lumber facility.
The industrial park has water and sewer and isn’t in a floodplain, officials say.
Environmental remediation was performed with an EPA Brownfields Assessment Grant of $200,000.
Laxton started the industrial park with 3-D designs.
When the corporation contacted officials, they could “strike the ground running,” Laxton said.
Shelley Moore Capito met with county Economic Development Authority members and other officials in April.
Through “Congressionally Directed Spending” items, formerly known as budget earmarks, Capito has funded $850,000 for a new access bridge and $835,000 to improve the park’s electrical power.
The industrial park’s current bridge has weight limits, said Laxton.
The industrial park will have two entrances, said Combs.
Summary of today’s construction news
This year, it is expected that the apartment markets in Nashville, Chicago, and Minneapolis-St. Paul will be among the top 20 busiest markets. The construction industry is gradually getting back to the levels of activity it had before the epidemic, but it is still dealing with three obstacles: labor shortages, concerns about the availability and cost of materials, and issues with supply chains.
In addition, according to Thomas Sullivan, president of the Bergen County Building & Construction Trades Council, Congressman Josh Gottheimer is a tireless advocate for working people in Bergen County and throughout the state of New Jersey. In addition to this, they added that Josh Gottheimer is a problem solver who gets things done, and that they are pleased to support him.
Furthermore, in the late 19th and early 20th centuries, the John Kam Malting Company was widely regarded as one of the most successful malt producers in the United States. The sole surviving example of a Dornfeld drum and kiln system malthouse is in Buffalo.
Moreover, in order to complete the development of the park and the construction of the new structure, officials from various government organizations and utility companies were convened by the Wyoming County Economic Development Authority (EDA).