Fourth Elm Construction is working with a S.C.-based company to develop Encore Retail Shops, a small retail center, along one of Winston-Salem’s busiest corridors.  The project is located at 1602 S. Stratford Road, across from Hanes Mall, and will include four bays.  The retail center will have 16,267 square feel on the mail level and 9,867 square feel in  underground parking.  The tenants will be announced later, but there will be room for a restaurant with outdoor seating.  Construction is scheduled to be completed in July.  Fourth Elm Construction has worked closely with Stitch Design Shop, project architect, and Stimmel and Associates in handling civil engineering.  “Fourth Elm is excited to team with the developer and design team to build this project,” said Fourth Elm’s partner Justin Gibhardt.  “It is an excellent redevelopment of prime retail real estate in Winston-Salem.  The building design, with the lower level of parking, is an effective use of the site topography.”  More on this story can be found on the Triad Business Journal.

 

 

Fourth Elm Construction is proud to have constructed Florida-based software company Superion’s new High Point location. Overall, it was a project totaling $3.46 million and created 80 new jobs for the Triad area.

Lake Mary, Fla.–based software firm Superion has moved in to its new High Point location, a project totaling $3.46 million and 80 new jobs.

The company announced October 2017 it would be relocating from its facility at 4000 OSSI Court in High Point to the 390,000-square-foot Triad Center.

At the Triad Center where Superion now occupies 43,000 square feet, space has been made for the eventual 80 new employees who will earn an average salary of $57,829, which is 26 percent higher than the average wage in Guilford County of $45,602.

Formerly known as SunGard Public Sector, Superion designs and provides software for public safety, public administration, federal agencies and non-profit groups.

Tom Coffey, Superion vice president of human resources who led the redesign initiative, told Triad Business Journal the company began hiring in the fall, and has already added 43 new employees, bringing the total count to 217 across its product support, professional services and software development departments.

Coffey said he expects to hit the 80 new employee goal in the first quarter of 2019.

The company’s growth is attributable to a strong position in the market, Coffey said, anchored by a core customer base that consistently provides strong references. The company expects double digit year over year revenue growth over the next three to five years, he said.

The move to the Triad Center was made with the assistance of the city of High Point, as city officials unanimously approved $80,000 worth of performance-based incentives last August.

Though Superion was operating in more space at its OSSI Court facility, about 50,000 square feet, employees were spread out across three floors, and the hard wall partitioning at the former furniture showroom made it difficult to efficiently utilize the space, Coffey said.

As the space at the Triad Center was just a shell, Superion was able to build out the space to fit its needs of a more open and collaborative environment, essential for a technology solutions workplace, Coffey said.

Fourth Elm Construction, formerly known as GEMCAP Construction, was contracted for the renovations.

Superion was acquired in February 2017 by Vista Equity Partner, which has offices in Austin, San Francisco, Chicago, and Oakland, Calif.

By Luke Bollinger  – Reporter, Triad Business Journal

 

 

 

Fourth Elm Construction is thrilled to serve as the General Contractor for this new car dealership, located at 1545 Peters Creek Parkway in Winston-Salem.  The project continues Fourth Elm’s tradition and excellence in automotive facility construction. The dealership, designed as a part of Mazda’s “Retail Evolution Prototype Program”, will feature a vehicle display lift in the showroom, full service department, 83 parking spaces and Aluminum Composite Panels/EFIS on the structure’s exterior. Please check out the Triad Business Journal article for more information:

 

 

This is a project that completely transformed the corner of the busiest intersection in High Point. Our clients call the building “Mainchester” (it is at the corner of Main and Eastchester/Westchester in High Point, NC). New facade and site work completely upgraded the look of the building. Owners spent more than $1.2 million on updates.  Read more in the High Point, Triad Business Journal.

One of the largest self-storage companies in the Triad continues to ride the wave of storage expansion with the opening of three more locations in the next three months.

AAA Self Storage is adding locations in High Point, Kernersville and south Greensboro. General Manager Chad Hockaday said all three should be ready to open before the end of May.

When all three are open AAA will have 18 locations – 17 in the Triad, the other in Columbia, S.C.

Though the number of self-storage facilities has grown exponentially in recent years with major Triad developer Roy Carroll (Bee Safe Storage and Wine Cellar) entering the market and John Reece II pondering entry, Hockaday told Triad Business Journal that he believes the Triad still has underserved areas.

“I think there are pockets available before we reach the point of saturation,” Hockaday said. “That’s why it’s important to choose locations wisely and look for holes. Charlotte and Raleigh may reach the saturation point pretty quickly, but there are still pockets in the Triad.”

The High Point location is at 2505 Eastchester Drive. The Kernersville location is off Union Cross Road on Jag Branch Road, just north of I-40. The south Greensboro location is on South Randleman Road, near the Walmart Supercenter on Elmsley Street.

Fourth Elm Construction (formerly GEMCAP Construction) is the general contractor of the High Point and Kernersville facilities. AAA is filling that role on South Randleman. The building permit for the High Point location showed an estimated $2.8 million value. AAA estimated the Kernersville location to cost between $4 million and $4.5 million.

Hockaday said he expected the order of opening would be Kernersville, south Greensboro, High Point.

Hockaday said AAA had 11 locations when he started with the company, a family business headed by Cecil Little, and has grown rapidly despite selling off two small High Point facilities.

AAA facilities vary depending on location. Hockaday said the majority offer both traditional units and climate-controlled – the growing trend – types of units.

Hockaday said the Kernersville and High Point locations would be about 65,000 square feet with every unit climate-controlled. But the Randleman Road location would be about 40,000 square feet with both traditional and climate-controlled units.

A high-profile construction company in the Triad has changed its name to avoid confusion with its sister operation.

GEMCAP Construction has rebranded as “Fourth Elm Construction LLC” in an attempt to distinguish itself from GEMCAP Cos.’ development branch.

“It was just confusing to people,” John Martin, a partner with Justin Gibhardt in the firm, told Triad Business Journal.

Started in the summer of 2015, the construction company has grown to 19 employees, and had revenue of almost $20 million in 2017.

Martin said the construction arm began as a complement to the company’s development projects, but soon began acquiring outside work.

Martin said the company was on track for sizable growth in 2018, with current projects ranging from medical office to retail, industrial and automotive facilities.

“We’ve got serious momentum,” Martin said.

Martin said the new name was a nod to the Triad’s three largest cities. GEMCAP’s offices are on Fourth Street in downtown Winston-Salem; Elm Street is a major downtown road in both Greensboro and High Point.