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Commercial Real Estate: Work flowing back as money returns, pandemic eases


Sun, 04/25/2021 - 2:51pm tim
The University of Vermont Firestone Medical Research Building is under construction. PC Construction is the general contractor. Designed by Black River Design, Architects in collaboration with Payette. Courtesy Photo.
by Bruce Edwards, Vermont Business Magazine How tough was last year for some of the state’s commercial contractors? For PC Construction, one of the largest, it was a year when the company took a significant hit – the direct result of the now year-old pandemic.
“Our revenue was off 30 percent, which approximated about $130 million,” said Jay Fayette, PC Construction president and CEO. “So we took it on the chin with work either being delayed, postponed or pushed into 2021.” ....

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Bennington projects to receive $600K in block grant funds


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BENNINGTON — Four projects in Bennington County will receive a total of $600,000 in federal funding through the state Department of Housing and Community Development, part of the $2.9 million in grants announced last week by Gov. Phil Scott and the Department of Housing and Community Development.
The largest of the four grants — $500,000 in Community Development Block Grant money — has been awarded to Shires Housing to set up new shelter for families in transition. After purchasing a historic house in Bennington, Shires intends to renovate the residence’s seven units and construct two new units for clients of the Bennington County Coalition for the Homeless. ....

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