Harold’s Square Construction Update, 12/2018

27 12 2018

Just noting that the structural steel frame is fully built out up to the fifth floor and that fireproofing and sprinkler system installation is underway. The project utilizes SidePlate Systems for lateral steel connections, which utilizes a lighter frame design that is still durable. This has a higher upfront cost in design, but may balance out much of that with reduced materials and labor costs, as well as being able to stick to a tight buildout schedule. The IBEW (International Brotherhood of Electrical Workers) Local 241 is proudly touting their involvement with the buildout, and local labor advocates will be pleased by the commitment to local union labor. Taylor the Builders is the general contractor.

The apartment units have begun showing up online, though they are not able to be reserved just yet and no prices are given. The units come in the following sizes:

Studio 1 Bath 42 units 435 SF
1 Bed 1 Bath 32 units 686 SF
2 Beds 2 Baths 34 units 945 SF

Retail and office spaces are available for lease through Pyramid Brokerage’s David Huckle. The first floor Commons-facing units are being offered at $24/square foot (3-5 year lease), and the second and third floor office space is being offered for $22.50-$24/square foot. The retail spaces are 2,674 SF, 2,900 SF and 9,210 SF, which can be combined by a deep-pocketed lessee for a maximum of 16,241 SF. The minimum leaseble office space is 2,900 SF (which Pyramid describes as being about enough for seven people in a Class A environment), and the maximum is 33,832 SF (enough for 135 workers). The online as says a 2022 completion, which is overly, overly conservative. I would take a guess at Q4 2019 or Q1 2020. Obviously not the Spring 2019 they originally hoped for, but there have been numerous weather issues that delayed the concrete pours for weeks. The rest of the steel frame should rise faster since the tower portion (floors 6-12) is only a fraction of the building’s overall footprint.


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