In today’s post, we will talk about the Margaritaville resort project that continues to build despite Tropical Storm Ian. Construction prices in Lake County are not likely to drop much any time soon. On November 11, the authorities made the announcement that construction would begin on the project to rehabilitate the former Laramie State Bank. In the city of Glenville, work has begun on the construction of a distillery as well as a cooperage, which will be a very unusual combination of companies.
Margaritaville prepared for Tropical Storm Ian
Original Source: Margaritaville Resort construction prepares for Tropical Storm Ian
Tropical Storm Ian won’t stop the Margaritaville Resort project.
WINK News interviewed the mayor.
Mayor Ray Murphy is certain the storm won’t affect Margaritaville’s construction. He stated that contractors won’t take chances on a year-long job.
Murphy said Monday matters.
The city has battened down significant assets like Town Hall, but if the storm is headed here on Monday, they’ll follow the county’s lead and take every precaution.
The same for Margaritaville. The mayor indicated that if things become worse, contractors will stop construction.
“Their structure is crumbling. The concrete buildings are there. That’s dead. But there’s scaffolding to worry about. They can also dispatch teams to police the building site. Murphy is confident there won’t be any issues.
Murphy isn’t worried about Fort Myers Beach’s structures because they’re built to endure storms. Fort Myers Beach has a stringent building code, he noted.
Fort Myers Beach residents were equally unconcerned about the storm.
Allison Godin, from Ohio, visited Fort Myers Beach to surprise her mother on her 71st birthday.
She knew a hurricane was possible but still arrived.
Kayla and her boyfriend tried to outwit the storm.
Kayla stated, “We knew it was coming, but on the other side it was already storming.”
They traveled west from the east coast.
Kayla said, “Now we’ll head back and it’ll come this way.”
Some beach residents won’t leave.
Murphy suggested they shouldn’t worry.
“Their EOC is open and operational.” When they declare, we’ll start,” Murphy said.
Murphy has lived on this island for 40 years and has experienced many hurricanes and tropical storms.
Lake County construction prices won’t drop dramatically soon
Inflation continues to moderate as the summer ends. Many new home buyers and remodelers are waiting for a price reduction in construction prices. If the building industry’s fundamentals don’t change soon, that may be more of a hope than a reality.
Since April 2005, RoMac Building Supply has published a free Whole House Commodity Index. This index shows the wholesale structural supply costs for a 2,200-square-foot Lake County home from foundation to roof.
Many in the industry view this as one of the finest and most accurate forecasts of actual construction costs because it charts wholesale pricing, giving builders a forecast for the next 30 to 45 days. The index excludes labor, décor, plumbing, electrical, and HVAC, but these markets generally follow other sectors.
In mid-August, following four months of fall, the RoMac Building Supply Whole House Commodity Index rose 3.3% as key wood commodities seemed to have bottomed. Wood commodity markets have obscured overall inflation, which has hurt building materials due to increasing energy, trucking, and labor prices. The report’s costs are 27 percent more than last year, and prices spiked in the fall.
For four reasons, price capitulations in the construction industry will be delayed, especially in Florida.
A decade of underbidding has caused a housing shortage nationally and in Florida. Even with increasing borrowing rates, a new normal will emerge and people will begin to enter the markets. The number of cash purchasers in Florida affects demand.
In late July, the economy and inflation were recovering, and Wall Street’s bounce will enhance the consumer mood. Lower gas prices help the housing sector.
While not at record levels, commodity and raw material prices remain high and are far from historic lows.
The main effect is labor costs. The red-hot labor markets contradict predictions of recession. Unemployment is 3.6%, wages are rising, and millions of job postings remain unfilled, undermining recession theories. Labor expenses are one of the greatest price factors in construction due to the decreased reliance on technology.
Finally, land, government buildings, and impact fees won’t go down. The Lake County Board of County Commissioners wants to raise impact fees to the statutory maximum.
Several wildcards could drive up building expenses. The first, most sudden, would be a handful of severe hurricanes in September or October.
Through mid-August, it’s been quiet, but it only takes a couple storms. Long-term, federal and state governments will address housing affordability. Affordable housing programs may be next year’s focus, and no one disagrees that this is a big problem.
So, if you’re waiting for building expenses to reduce, acquire a nice chair and a good book.
The former Laramie State Bank building will be renovated this fall
Construction on the former Laramie State Bank rehabilitation project will begin Nov. 11, authorities announced.
These specifics were reviewed at a meeting convened by Oak Park Regional Housing Center at Austin Coming Together headquarters. Inflation has pushed the cost of Mayor Lori Lightfoot’s Invest South/West project from $33 million to $45 million.
First, residential work will begin. 78 flats will be built, 51 affordable and 27 market-rate. Baxter Swilley, Oak Park Regional Housing Center’s public relations director, says Austin needs 8,500 affordable units.
“This project will spur home development,” stated Swilley.
Floor captains will be assigned to each of the six floors to foster community and civic engagement.
“We want residents in this building to know one another because when they do, they stabilize and preserve their property,” said Oak Park Regional Housing Center director Athena Williams.
Parking was a concern for many people. 28 spots will meet city criteria. Williams said partners are looking into adding Chicago Avenue parking.
By 2026, Chicago Avenue won’t be the same, said Williams.
The building should be finished by March 2024 and fully occupied by March 2025. One-, two-, and three-bedroom rental applications will be available first to Austin locals.
Developers are building inexpensive apartments with soundproof glass, art installations, and a courtyard to entice private investment. The facility will have solar panels, a business incubator, a communal space, and Momentum Coffee.
“I don’t want it to appear like the old Cabrini Green projects,” Williams stated.
Swilley expects the facility will boost enrollment, housing stability, and bank accounts in Austin.
The project will be overseen by the financial, public safety, and Austin United Alliance housing committees. Williams says many still need members.
5200 Chicago Avenue was completed in 1928, and developers expect it to last another 100 years.
Youth will inherit what we do now, Swilley stated.
Building the Glenville distillery and cooperage
Original Source: Construction underway at Glenville distillery and cooperage
The property houses a small distillery, Murry’s Fools Distilling Company, and a cooperage, Adirondack Barrel Cooperage, which creates wooden barrels for aging spirits.
“People will be able to learn about distilling and barrel making in the same place,” said managing partner Tony Hynes. “I think it’ll be an intriguing draw.” ” People are interested in craft distilling, and the barrel is 70-80% of what makes whisky whisky,” he said.
The property Hynes bought at 7152 Amsterdam Road in Glenville had been unused for two years. It was once Riverside Maple Farms, which debuted in late 2017 and closed in February 2020.
Hynes said Murray’s Fools Distilling Company is owned by Sarah and Randall Beach, and he compared himself to their landlord in Glenville.
The Beach distillery already has one in Altona. The store will open this fall. The distillery recently submitted its liquor licensing application, Hynes said.
Adirondack Barrel Cooperage is owned by Joe, Kelly, and Hynes.
New commercial buildings will be 8,500 and 10,500 square feet.
“I ended up buying the maple farm, and Randall Beach of Murry’s Fools Distilling was one of my lawyers,” Hynes added. “He lives in Schenectady, but his business was in Plattsburg, so I told him it was silly.” “If I fit up the place, will you move in?” he said.
Hynes hoped to move his Remsen barrel company to this location. He is the CEO of Precision Valve & Automation, a Halfmoon manufacturing company he founded in 1992.
This month, Hynes began building the barrel shop.
“By next week, the frame will be done,” Hynes said. “We have a target date to move, but there’s a lot of planning involved. “We aim for March 2023.”
It will also feature a rickhouse, Hynes said. A rickhouse ages whisky, he said.
So we’ll make whisky barrels, send them to distillers, and they’ll fill them and return them back to Hynes. I’ll store them in a bonded warehouse so they don’t have to organize space elsewhere.
The site, buildings, and other costs will total $3 million, Hynes said.
It’ll be special, Hynes said. There’s nothing like it in the country. The Jack Daniels and Jim Beam distilleries are massive chemical facilities. There are cooperages, but the scale is so small that you can’t appreciate the quality.
Hynes noted that the United States has few cooperatives. Most are big, he said.
The barrel is “extremely crucial” in distillation, said Hynes. He said whiskey’s flavor comes from the cask.
Hynes: Before whisky goes into a barrel, it’s moonshine. “When it goes into the barrel, it ages, cycles in and out of the wood, and we char the interior to give it richness, color, and an oaky flavor.”
Hynes added that the distillery has adequate green space for small events.
A trail will connect the new property to Wolf Hollow Brewery on Amsterdam Road.
“We’ll have a beer-whisky trail,” said Hynes. “We’re hoping to work with them because they draw a lot of people and make a nice product.”
In March, the planning and zoning commission approved the project.
“We’re excited about this. We’ve been working on it with the property owner,” said Glenville supervisor Chris Koetzle. On Route 5, we’re trying to start an agritourism business. Wolf Hollow Brewery’s distillery complements it.
The area around that part of town is becoming a hub for agritourism, Koetzle said.
These businesses bring tourists to the region, who then visit other businesses. – Koetzle Adding additional jobs helps, he said.
Koetzle: “We’re happy to welcome them because I think it will help build the underutilized corridor.” It’ll benefit the town.
The barrel shop is sold out for 2022, 2023, and 2024, said Hynes.
Hynes stated, “If I doubled barrel production, I could sell them all immediately.” Within two years, I predict those nine jobs will become at least 20.
Summary of today’s construction news
Generally, we have discussed that Tropical Storm Ian will not be able to hinder the contractors from continuing the construction of the Margaritaville resort project, and according to Mayor Ray Murphy, the storm won’t affect the Margaritaville resort’s construction. And that’s because the contractors can’t afford to take chances on a long-year job.
Many new home buyers and remodelers are waiting for a price reduction in construction prices, but inflation continues to moderate as the summer ends in Lake County. If these prices won’t drop soon, then it is more of a hope than a reality.
The former Laramie State Bank rehabilitation project will begin its construction on November 11, and by 2026, Chicago Avenue won’t be the same, as stated by Williams.
In Glenville City, the property is home to both a tiny distillery known as Murry’s Fools Distilling Company and a cooperage known as Adirondack Barrel Cooperage, and it is the goal that people will be able to learn about distilling and barrel making in the same place.