The phrase Era of Less or the New Normal have been used to describe the current economic conditions numerous times.
Yes, things do seem to be getting better, but very slowly and it appears in some cases that things are improving faster in states to the North of Florida.
In 2010, over 75% of Cuhaci & Peterson’s work was on commercial remodel/renovation projects. This seems to be holding true for 2011 as well.
Remodeling seems to be the name of the game for Senior Living projects as the new projects are slow to achieve financing.
Some notable airports around the country are taking advantage of slower times by updating; C&P has been involved in several renovations of existing food service venues in concourses.
C&P’s largest construction project currently underway has not escaped the “redevelopment” caption either. In 2011, Welbro Construction began work on the 13 story guest room, second tower addition to Ramada at International Drive in Orlando. Although the building tower is new, the second tower addition requires significant ground floor adjustments to the existing structure including a new parking deck for the site to accommodate the tower.