Construction at The Grove at Stapleton is well underway...

on Monday, 04 August 2014.

The Grove is moving along! The post-tension deck on the main apartment building is nearing completion and the underground parking slab on grade will be complete this week. The elevator and stair towers are being built in Area-1. Framing on the project is expected to begin on or around August 8. The clubhouse foundation is currently being excavated and is expected to be complete by January 2015. The project is scheduled for completion by July 2015. Stay tuned!

55+ Market Continues to Grow

on Thursday, 12 June 2014.

55+ Market Continues to Grow

The 55+ housing market continues to rise with increased demand for multifamily, single-family and condo units in this bracket. According to the National Association of Home Builders' (NAHB) latest 55+ Housing Market Index (HMI), numbers continue to trend upward showing strong gains for active adult communities.

Steve Bomberger, chairman of NAHB's 50+ Housing Council and president of Benchmark Builders Inc. in Wilmington, Del, says, "Rising house prices and low interest rates are helping baby boomers sell their existing homes at a favorable price and in turn, purchase a new home more suited to their current lifestyles."

See Drahota's latest project in the 55+ housing market -- The Grove at Stapleton by Zocalo Development.

 

Park Hill 4000 Opens

on Wednesday, 21 May 2014.

Park Hill 4000 Opens

A grand opening celebration and ribbon cutting was held for Park Hill 4000, a $25M multifamily transit-oriented development by Delwest and built by Drahota. The 168-unit development is along the future RTD FasTracks East rail line and adjacent to Park Hill Golf Course in Denver. Click here for more info.

Brian Schlicting Nominated for Estimator of the Year

on Thursday, 08 May 2014.

Drahota congratulations Brian Schlicting! Brian was a finalist for the estimator of the year award by the American Subcontractors Association of Colorado. 

"The entire Drahota organization salutes Brian Schlicting for his nomination and thanks the American Subcontractors Association of Colorado for this recognition," says Terry Drahota.

Drahota Begins Construction at the Grove at Stapleton

on Thursday, 27 February 2014.

Drahota begins work this week at the Grove at Stapleton, a $27M multifamily project for Zocalo Development.  The community will include 150 units with a clubhouse, pool, garden area and parking garage, designed for residents over 55. It is slated for LEED Gold certification with a variety of energy efficient features.  The architect for the project is JG Architects.

Metro Denver Economy Continues Uptick with Residential & Commercial Development

on Tuesday, 04 February 2014.

The Metro Denver region continues to add new jobs, resulting in a significant commercial real estate expansion, according to the Metro Denver Economic Development Corporation's latest Monthly Economic Summary.

Residential Real Estate

Total permits were up 36.6 percent through the first 11 months compared with the same period in 2012. Multifamily permits grew the most by 66.1 percent during the same period, as demand for rental units increases amid low apartment vacancy rates.

Commercial Real Estate

Metro Denver's office market improved during the fourth quarter, as the vacancy rate fell and the average lease rate increased. Construction of office property improved during the fourth quarter, as demand for space among businesses grew. There was 530,000 square feet more space under construction during the fourth quarter, an increase of 42.1 percent compared with the third quarter. For 2013, 950,000 square feet of new office space was completed, a 9.2 percent increase compared with 2012. Read more.

Building on the New Year!

on Thursday, 19 December 2013.

Building on the New Year!

Happy New Year from all of us at Drahota.  2013 was a great year of celebration -- honoring our 40 years in business! Thank you to everyone who helped us reach this tremendous milestone. We truly are 40 years strong today because of you!

Wishing you peace & prosperity in the New Year.

We're Thankful...

on Monday, 25 November 2013.

...For 40 Fabulous Years in Business. Click here for our message to you.

Metro Denver Housing Inventory Remains Low & Multifamily Construction Continues

on Thursday, 17 October 2013.

According to a Denver Post article, Denver's housing-market supply remained the second-lowest nationally, tucked just behind San Francisco.

Residential construction also continues to improve in Metro Denver as residential building permits reached the highest point since June 2007, during August. The jump was mainly due to a significant increase in multifamily permits, which rose 241.2 percent compared with the July number and were 651.7 percent above the levels last year, according to the Metro Denver Economic Development Corporation's monthly summary.

 

Vallagio in progress

on Thursday, 29 August 2013.

Check out the progress on site at Vallagio.

Good News for Metro Denver Commercial Real Estate Market

on Thursday, 11 July 2013.

The Denver Business Journal reports Metro Denver's commercial real estate market looking strong. 

The forecast for metro Denver's commercial real estate markets is strong, despite recent interest-rate hikes, according to a panel of experts Tuesday at the NAIOP Colorado's mid-year forecast event. Read more.

Drahota Breaks Ground on Bank of Colorado in Loveland

on Tuesday, 25 June 2013.

Drahota recently broke ground on a new project for Bank of Colorado in Loveland. This is the 11th project that Drahota has completed for Bank of Colorado. Members of the building team include: Pete Blecich, Project Manager; Pat McCann, Superintendent; and Julie Haugh, Project Engineer.

Ground breakingblog

 

To see other projects Drahota has compleated for Bank of Colorado check out Drahota's Commercial projects.  

Five Minutes with Terry Drahota

on Tuesday, 05 February 2013.

Q: What has been your greatest accomplishment in your 40 years in business?
A: "The recognition we've received for our work and our project delivery, including the American Subcontractors Association Contractor of the Year Award, BBB Torch Awards, Bravo Entrepreneur of the Year Award and numerous ACE Awards."

Q: To what do you attribute your success and longevity?
A: "Trust and communication. As a result of those two attributes, we've earned a great deal of repeat clients and a reputation for providing quality and value."

Q: What are some of the biggest challenges you've faced over the years?
A: "The biggest challenge we've faced is adjusting to the recent recession. It's been a significant challenge and an ongoing adjustment."

Q: Who inspires you?
A: "My mentor W. Dean Smith. After starting a commercial construction company in Omaha, Dean took me under his wing in Fort Collins to teach me the carpentry trade. He was instrumental in helping me land my first big job and coached and inspired me to build my business."

Q: What is your greatest piece of advice for success in business or owning your own business?
A: "Pay attention to the details!"

Drahota's Commitment to Safety

on Wednesday, 09 January 2013.

According to the Bureau of Labor Statistics, approximately 150,000 construction site injuries occur each year, and the construction industry accounts for almost 19% of all workplace fatalities—more than any other industry. While Drahota has always been committed to safety, we've recently strengthened this commitment with new safety signage posted on every job site:

Drahota Safety

The new signage is an example of Drahota's belief in the fact that relatively small changes can prevent big accidents and increase efficiency in the long run. By creating and implementing these safety guidelines, we're notifying workers of the level of care needed to ensure a job well done.

 

Denver Post Cites Hurricane Sandy as a Major Boost to Construction Industry

on Tuesday, 06 November 2012.

A recent article in the Denver Post says hiring in the long-depressed U.S. construction industry will get a boost from the rebuilding that will follow Superstorm Sandy. Those jobs, in turn, could raise economic growth, analysts say.

The article makes the case that construction jobs are especially vital to the economy. Pay is higher than average: At $25.86, average hourly pay tops the average of $23.58 for all U.S. private-sector jobs—and is far above the averages for areas like retail ($16.43) and leisure and hospitality, which includes restaurants and hotel jobs ($13.35).

In addition, job growth in construction typically spurs hiring for other jobs, like architects, real estate agents and sellers of appliances, building materials and office equipment. As the Denver Post reports, the stocks of home-improvement retailers like Home Depot (up more than 3 percent) and Lowe's (up nearly 6 percent) surged last week even as overall stock prices were flat.

Last month, U.S. home construction reached its fastest rate in more than four years—a seasonally adjusted annual rate of 872,000. That's more than 82 percent above the recession low. Read more.