CLEMSON, SC – Officials at The Preiss Company (TPCO), one of the nation s largest, privately-held, student housing owner-operators, broke ground on Signature Hartwell Village (SHV). Serving Clemson University, the 433-bed student housing complex has a targeted completion date of August 2021.
Along with University Village at Clemson & The Collective at Clemson, Signature Hartwell Village will mark our third asset in the Clemson market, said Susan Folckemer, chief acquisitions & development officer, TPCO. We actively have developed, owned and operated in the market since 2000. Our familiarity with the area, university and student base made the choice to invest further in the community a relatively simple one. We look forward to expanding our presence in Clemson as we meet the evolving needs of today s students.
Located at 13060 Clemson Blvd. between Tiger Blvd. (US 76) and Pendleton Road (SR 93), Signature Hartwell Village will be part of a 45-acre, mixed-use development. Named Hartwell Village, the area consists of residential, retail and dining options, including Aldi, Petco, Marshalls and multiple hotels. SHV will consist of two four-tale and two three-tale buildings situated on 3.25 acres, as well as a 6,034 square foot clubhouse and leasing office and a 7,200 square foot outdoor amenity space.
Residents also will delight in a 24 jumbotron, fire pits, grills, dog park, cornhole court, a pool with in-water lounging deck, cabana with misters and TV room with 82 television. For the health conscious, SHV will offer and state-of-the-art fitness center with top-of-the-line equipment. Students will have access to study rooms, high speed, next generation internet and fob access for all amenities and units, as well as a package locker system. The complex also will use an onsite leasing and maintenance staff.
While we retain an aggressive acquisition pipeline, development has become an increasingly vital component of our growth strategy, said Folckemer.
Residents may choose between one-, two-, three- and four-bedroom units. Each unit will feature private bedrooms and bathrooms, key fob unit entry, 50″ Smart TVs in each living room, chic modern furniture, stainless steel appliances, granite countertops, plank vinyl flooring throughout the unit and in-unit laundry.
Less than a mile from Clemson University, Signature Hartwell Village is an ideal location for students looking to maximize their college experience, said Adam Byrley, chief operating officer, TPCO. Not only does the student housing complex itself offer a variety of study spaces and relaxation options, but the larger Hartwell Village development provides some of the best dining, shopping and entertainment in the area.

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NASHVILLE, TN – Mission Rock Residential, a Denver-based multifamily property management company, is further expanding its Tennessee presence, announcing a new management contract for Commonwealth at 31 apartment community in Spring Hill, Tennessee. The company has been issued an agreement for the management of 248-unit community by Hamilton Zanze Real Estate Investments.
Located within 30 minutes from Nashville’s urban core, Spring Hill has seen tremendous growth in recent years due to its forested surroundings and ease of transportation access for young professionals and families alike. Located in Williamson County, the area is home to the top performing school district in the State and has experienced a surge of retail and restaurant openings to steadily improve quality of life. Commonwealth at 31 Apartments is well-situated with convenient access to I-65 and nearly adjacent to Highway 31.
“Built in 2017, the design of the Commonwealth at 31 Apartments offer Spring Hill residents the perfect balance between upscale features and Tennessee’straditional charm. The modern apartment interiors are coupled with inviting amenities that promote a right sense of community. As we have grown in Tennessee, this being our fifth community, we are learning more about what local renters desire; they not only want a gorgeous apartment, but they also expect best-in-class customer service. Here at Mission Rock, we are looking forward to raising the bar,” said Pat Hutchison, President of Mission Rock Residential.
The apartment community’s amenity package included a high-end fitness center, an on-site dog park, a business center, an outdoor kitchen and gathering lounge, fire pits, and resort-style swimming pool. A children’s play park is also located on site, as well as rentable storage units for those who need them, all within a gated community.
The community’s one, two, and three-bedroom apartment options offer stainless steel appliances, granite countertops, in-unit washers and dryers, wood-style flooring, LED lighting, and walk-in closets. They range in size from 800 square feet to 1,300 square feet.

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HAMILTON, NJ – Total construction starts lost 1% from January to February dropping to a seasonally adjusted annual rate of $767.5 billion. Large projects in the office and healthcare sectors provided a boost for overall nonresidential building, while residential and nonbuilding construction starts went lower.
With only two months of data available for 2020, it is hard to ascribe a 2020 trend. But, some perspective can be gleaned by examining a 12-month moving total. For the twelve months ending February 2020 total construction starts were 3% higher than the previous twelve-month period. By major category, nonresidential building starts were 3% higher, while residential starts were up 1%, with nonbuilding starts increasing 7%.
In February, the Dodge Index went lower to 162 (2000=100) compared to the 165 posted in January.
The excellent news is that heading into the coronavirus pandemic, construction starts were stable. The economy was healthy fueled by continued steady job growth, stated Richard Branch, Chief Economist of Dodge Data and Analytics. Of course, the pandemic s effect on future starts is as yet unknown. Construction firms will need to deal with multiple issues including supply chain disruptions, workforce constrictions due to the outbreak, and an economy that has went from a pace near its long-term potential to a virtual stall within the space of a week. Over the next few months, many construction projects could see delays in start or longer times to completion based on shortages of supplies from China or a reduction in available labor due to spread of the virus. Still others may start to see projects cancelled outright due to a sudden circumstantial change in demand. Plotting data as reported to Dodge Data & Analytics will be watched closely to see if fissures are developing in the construction sector.
Nonbuilding construction starts went 9% lower from January to February, dropping to a seasonally adjusted annual rate of $148.8 billion. The drop in February was the result of a 17% decline in the highway and bridges and a 22% drop in the utility/gas plant category. But, gains were seen in the miscellaneous nonbuilding category and environmental public works, which rose 14% and 1% respectively.
The largest nonbuilding construction project to break ground in February was the $531 million Juno Solar Project in Borden County TX. Also starting in February was the $500 million Huge Raymond Wind Farm, which is spread over Hidalgo, Willacy, and Cameron Counties in Texas as well as the $406 million Pryor Mountain Wind Farm in Bridger MT.
For the twelve months ending February 2020, total nonbuilding starts were 7% higher than the twelve months ending February 2019. Starts in the utility/gas plant category were up 92% and environmental public works starts rose 3%. But, street and bridge starts were 8% lower and miscellaneous nonbuilding was down 14% for the twelve months ending in February.
Nonresidential building gained 7% in the month of February to $285.9 billion on the back of several large projects getting underway in the office and healthcare sectors. February s commercial construction starts rose 7%, while institutional starts went 13% higher. Manufacturing starts by contrast fell 27% in response to several large projects that broke ground in January.
The largest nonresidential building project to break ground in February was the $1.3 billion Two Manhattan West Office Building in New York NY. Also breaking ground during the month was the $800 million New Valley Hospital in Paramus NJ and the $760 million Disney/ABC Headquarters complex in New York NY.
On a twelve-month basis, nonresidential building starts were 3% higher in the most recent twelve months than during the twelve months ending in February 2019. Commercial starts were up 7% in the past twelve months, while institutional starts were less than one percent lower. Manufacturing starts were down 2%.
Residential building starts went 4% lower in February to a seasonally adjusted annual rate of $332.8 billion. During the month, single family starts dropped 7%, while multifamily starts increased 3%.
The largest multifamily structures to break ground during in February were the $150 million Cambridge Crossing in Cambridge MA and the $150 million 44 East Condo Tower in Austin TX. The $140 million Armature Works mixed-use project in Washington DC was also one of the largest residential projects to break ground during the month.
For the twelve months ending in February, total residential starts were 1% higher than in the twelve months ending in February 2019. Single family starts were up 3%, while multifamily building starts were 2% lower.

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