Olympics Construction, Veterans Who Build EP 10 - Marine Infantry Officer

July 2024, THE MODERN BUILDER: Monthly, no-nonsense, industry news

2024 Paris Olympics - Construction and Sustainability

• Sustainable Construction and Infrastructure: The Paris 2024 Olympic Village utilizes both new and existing commercial infrastructure, prioritizing sustainable and accessible design. Only 5% of facilities were newly constructed, with the rest being temporary or renovated using low-carbon techniques.
• Legacy Housing and Facilities: Post-Games, the Olympic Village will be converted into 2,500 homes, a student residence, a hotel, and mixed-use spaces, addressing Paris’ housing crisis and promoting long-term community benefits.
• Transportation Improvements: The Olympics accelerated the completion of Line 14 on the Grand Paris Express, improving transportation links between Saint-Denis Pleyel and Paris-Orly Airport, which will benefit residents and visitors beyond the event.
• Environmental Initiatives: Sustainability measures include geothermal energy installations, the use of cardboard beds, and minimal air conditioning. The Games are dubbed “the first in the recycling age” for their green initiatives.
• Economic and Social Impact: The redevelopment of Saint-Denis, inspired by the Olympics, aims to revitalize the area economically and socially, despite concerns about displacement of existing residents and the long-term vacancy rates of new office spaces.
• Read more here: Commercial Observer Article

The Veterans Who Build Show - New Episodes

• 10 Jesse Gemberling-Johnson - US Marine Corps Officer, Chief Talent Officer, Husband, and Father: three deployments to Southeast Asia, Afghanistan, and Australia. Jesse holds four degrees: a bachelor's in Management, a master's in Organizational Dynamics, a master's in Human Capital Management, and a graduate certificate in Organizational Behavior. Jesse serves as the Chief Talent Officer at mcfa and runs a Special Needs Fishing nonprofit called "Fish for Life." Last but certainly not least, Jesse is a husband and father.
• 11 Ran Eliasaf - IDF Navy Captain, Warship Commander, Founder of Northwind Group, Husband and Father: from Warship Commander to managing over $4.0 billion in real estate transaction value in the USA and over $3.0 billion AUM in debt funds. Ran is also an AFN board member, an organization that provides support to veterans suffering from PTSD. Ran is a proud husband and father.
• The Veterans Who Build Show is streaming on all platforms: YouTube , Apple Podcasts , Spotify
• The VWB Show provides a platform for Veterans in the Built Environment to share their life stories, discuss the difficulties of transitioning from Military service to civilian life, discuss translatable skills—military to the Built Environment—and provide a roadmap for the younger generation of Veterans to learn from.
• The VWB Show is sponsored by Jet.Build

Olympics 2024 - Constructing Olympic Village

• Cost and Scale: The Olympic Village, the largest single-site construction project in France, costs $1.85 billion and spans 330,000 square meters across Saint-Ouen, Saint-Denis, and L’Ile-Saint-Denis. It houses 82 buildings for 15,000 Olympic and 8,000 Paralympic athletes.
• Post-Games Repurposing: After the Olympics, the Village will be transformed into a residential, commercial, and office complex, with buildings designed for minimal refits to maintain sustainability, expected to be completed by 2025.
• Innovative and Green Technologies: The Village incorporates low-carbon concrete, wood, recycled materials, and renewable energy sources like solar panels. Experiments with new green technologies, such as seashell sidewalks for rainwater absorption and cooling, are also underway.
• Efficient and Low-emission Construction Practices: The use of offsite-manufactured elements, transport of materials by barges, and construction techniques that reduce carbon emissions by 50% contributed to the Village's green credentials. Many buildings use wood and low-carbon concrete to minimize environmental impact.
• Read more here: CONEXPO

Chicago's $7B United Center Redevelopment Plan

• Massive Redevelopment Plan: The $7 billion redevelopment plan for the United Center aims to create a 55-acre mixed-use district that will include a 6,000-seat music hall, hotel, retail buildings, public open spaces, and thousands of apartments.
• Transformative Impact: Real estate professionals believe the redevelopment will transform the West Side of Chicago into a high-demand area similar to Wrigleyville, with increased growth in surrounding neighborhoods like West Loop and Fulton Market.
• Property and Land Investments: United Center's leadership has spent $44 million on land purchases in the area, signaling long-term investment and development plans. Investors are anticipating significant value increases in their properties.
• Sustainability and Modern Trends: The project aligns with the trends of modern professional sports venues, encouraging year-round revenue opportunities by creating an entertainment district where fans can arrive early and stay late.
• Approval and Future Development: The plan, named the 1901 Project, is still awaiting city approval, and its final form may change. Investors and local stakeholders closely monitor developments and assess new opportunities in the area.
• Read more here: The Real Deal

Technology in RE Development and Construction - Turner buys Dornan to Advance Tech

• Turner Construction's Strategic Acquisition: Turner Construction, the largest contractor in the U.S., has acquired Ireland-based Dornan Engineering Group to strengthen its position in advanced technology builds, including data centers and biopharma facilities in Europe.
• Expansion into European Markets: The acquisition brings Turner 1,000 new employees and Dornan's projected $760 million in 2024 work, along with a $1.2 billion backlog of complex projects across Ireland, the UK, and Europe, enhancing Turner's global footprint.
• Technology and Sustainability Focus: Turner's acquisition aligns with the company's strategy to expand globally in the advanced technology sector, leveraging Dornan's expertise in mechanical, electrical, instrumentation, and commissioning engineering for tech-heavy builds.
• Market Challenges and Opportunities: Despite challenging conditions in the European construction market, Turner sees significant opportunities, identifying $20 billion worth of advanced technology projects in Europe, driven by demand for data centers, semiconductor fabs, and biopharma construction.
• Synergies and Future Growth: The deal, pending EU regulatory approval, is expected to provide increased scale and a broader range of services, benefiting both Turner and Dornan employees and clients while aligning with trends in sustainable and technologically advanced construction.
• Read more here: Construction Dive

Real Estate Industry Events

• RealWorld Conference by RealPage, Orlando, August 11-13
• NAWIC’s 69th Annual Conference, Houston, August 14-17
• iOi Summit, Chicago, August 28-29

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