Subdivisions
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Fri Feb-27-09 08:47 AM
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Has anyone noticed construction projects that have stalled in your area? |
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Edited on Fri Feb-27-09 08:57 AM by Subdivisions
I was in Texas recently and I noticed a few unfinished construction projects where no one was working. Here in the area I live in in Virginia I've noticed that four road/drainage improvement projects have stalled and I know for a fact that one of them stalled because funds were cut off by the city.
Has anyone noticed this trend?
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WannaJumpMyScooter
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Fri Feb-27-09 08:55 AM
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some of them were horrible, at least here in Western North Carolina... real crazy top of the market stupidity
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FarLeftRage
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Fri Feb-27-09 08:55 AM
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Yesterday's local paper announced that the Main Street rennovation project got pushed back to 2016.
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panader0
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Fri Feb-27-09 08:56 AM
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3. Not just stalled projects |
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but a near total lack of new starts. My small general contracting company is going under. I'm going to contact the Registrar of Contractors, and pay a fee to put my license on hold for a while.
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Subdivisions
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Fri Feb-27-09 08:58 AM
Response to Reply #3 |
6. I've seen your posts about the difficulties you're having |
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elsewhere on the board. I'm sorry to hear you're going to have to idle down.
When will this madness end?
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Lost in CT
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Fri Feb-27-09 08:57 AM
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4. There is a bridge in my neck of the woods that has under repair since 1985. |
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Say what you want about the South but at least the can build a road faster than one mile a decade unlike certain states in the North East.
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ayeshahaqqiqa
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Fri Feb-27-09 08:57 AM
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5. No civic projects stalled |
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except by the horrid ice storm that really messed up the area. The only civic projects going on right now is a drainage line, and as far as I can tell it is proceeding--slowly. But then that is how everything goes here in Arkansas. That being said, the housing market is dead, and there is very little, if any, construction on new homes.
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KharmaTrain
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Fri Feb-27-09 09:00 AM
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7. Empty Housing Developments |
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Many of our highway projects are bonded...the money is already spent and the road work moves along. The one thing that the booosh depression has created was a slowdown on the work on the much needed expansion of O'Hare Airport in Chicago. Funding began to dry up when Hastert lost his position but now is supposedly back on track thanks to some stimulus money.
The area I'm seeing a total halt is in commercial real estate. Last year, they rushed up a mini-mall nearby...including a Circus City that opened in late August and closed right after Christmas. There were proposed subdivisions where the land had been bulldozed and some even had some foundations poured, but now are vacant. In Downtown Chicago, there was a big building boom going on that has come to a grinding halt. Plans for a 2,000 foot tower has fallen through, leaving a huge hole in the ground and other buildings have stopped in mid construction.
It'll be real noticeable in a few months as our destruction season gets rolling.
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ThomWV
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Fri Feb-27-09 09:04 AM
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8. There are half built apartments, townhouses, and strip malls all over the place |
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Its particularly apparent with the apartment buildings. I'd say they are overbuilt by 40% at least, and that is just the completed units. My son lives in an a complex of single unit townhouses with about 100 units, of which less than a dozen are filled and 70 are unfinished. Work has come to very close to a standstill on the unfinished units but at least once tools have been stolen out of an incomplete unit. We only know this because investigating police officers asked my son if he seen any activity around the building where they had been locked in the garage. Just a few drywall workers (spanish speaking in an area where spanish is not commonly spoken) now and then for a couple of days but other than that no work being done at all.
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ejpoeta
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Fri Feb-27-09 09:06 AM
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9. i haven't seen any personally, but i do know from tv coverage in my area |
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about issues in buffalo where schools have had projects stopped. they can't get any loans to get anything done over there... but that has more to do with the fight between the erie county executive and the control board over who should be getting the loans for the projects. Oh boy, it's a fun little show to watch for those of us not having to deal with chris collins and the control board and the legislature.
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tomreedtoon
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Fri Feb-27-09 09:10 AM
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10. NO! Still building...no occupants. |
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It's one of the most astounding things, that makes a friend of mine say "Good luck filling that place!" whenever she sees one. There are MANY construction projects going on, on mini-mall style buildings. This is in Orlando, FL, by the way. (Locals can check along east Colonial Drive and near the UCF campus for themselves.)
There are no anchor stores for these. No sign saying "Coming soon...a new Ripoff Shack and a new McDeathBurger!" Apparently these were construction projects that got their funding, and they're being built, but maybe the landlords are absentee and the whole thing is going on without anyone at the helm.
Near the UCF campus, there is apparently a large mall-like project with lots of empty buildings being built. Construction is still going on. Now anyone with the sense of a hamster knows that there will be no merchants lining up to sign leases. (The existing buildings in the area are about 25-33 percent vacant.) But the construction goes on.
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FreakinDJ
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Fri Feb-27-09 09:17 AM
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11. Calif. State construction projects have been "SHUT-DOWN" |
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thanks to our "Mental Midgit in Charge - Aaaarrnold"
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TBF
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Fri Feb-27-09 10:08 AM
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12. Yes. Here is suburban Houston there are a couple of areas that |
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probably rank in the top 10 in terms of fast-growing suburbs, and the development has stalled. Some new projects have moved forward, but the older strip malls (as you drive out of the newest areas) are really suffering. Losing tenants, looking pretty shoddy. And this is Texas - it hasn't hit here as hard yet because we weren't as over-valued. But I have no delusions about what's coming.
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trof
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Fri Feb-27-09 11:25 AM
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13. Oh hell yeah. And building permits WAY down. |
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Jan. '09 about 10% of what Jan. '08 building permits issued were in our little town.
There's a 235 acre subdivision just down the street from us. No construction, but streets and utilities have been in for about 4 or 5 years. Then everything stopped. The parcel has changed hands due to successive bankruptcies 4 or 5 times.
In one corner are a dozen 20' tall dead palm trees that were slated for landscaping. Now we call it "Dead Palms Acres". :-(
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