According toThe New York Times, North American Properties and Stormont Hospitality Group extended Avalon’s “living room” experience to The Hotel at Avalon. Designed by Cooper Carry with interiors by Perkins + Will, The Hotel at Avalon immerses guests into an energized lobby and lounge that takes its cues from a classic Southern home. The wildly successful hotel features 330 luxury rooms, 44,000 square feet of meeting space and upscale amenities such as an elevated pool deck. However, The Hotel at Avalon’s most valuable amenity is Avalon itself.
As the construction industry continues to grow, it’s becoming clearer that the representation of women in the industry is low. Construction spending is at an all-time high of close to $1.3 trillion and according to the Bureau of Labor and Statics, women only represent 9 percent of the total labor force, leading industry insiders to question if women are even interested in the field or if companies are creating a culture of workplace balance that accommodates women. Olivia Fru, project manager at New South Construction, tells her story of joining the industry, in this AJC article.
Charlotte-based Crescent Communities has entered into an agreement to be acquired by Sumitomo Forestry America Inc., the housing and wood products corporation and a wholly-owned subsidiary of Sumitomo Forest Co. Crescent’s three major units will be acquired by Sumitomo in a transaction expected to close in the second quarter of 2018. Todd Mansfield, the current CEO of Crescent Communities, says of the acquisition, “We are excited to partner with Sumitomo as their investment will continue Crescent Communities’ growth strategy and enhance our capital structure.” Learn more about the acquisition in this article featured in the Charlotte Business Journal.
At the forefront of new suburban development, Pollack Shores continues its push into the Atlanta suburbs with its recent purchase of a site located at Holly Springs Pky. and Main St. in Holly Springs, GA. According to a recent CoStar article, the multifamily developer and its investor plan to replace the current mobile home park on the site with a 282-unit luxury apartment community, mirroring the design of single-family homes.