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April 24, 2014

Survey: Venture General Contracting

Photo courtesy of Venture General Contracting [enlarge]
Venture General Contracting crews recently poured a parking garage deck for an apartment complex on Bel-Red Road near Microsoft.

Specialty: Commercial construction, including a special projects division

Management: Matt Parent and Jack Beaudoin, partners

Founded: 2010

Headquarters: Seattle

2013 revenues: $97 million

Projected 2014 revenues: $124 million

Current projects: Several multifamily, commercial and tenant improvement projects throughout the Puget Sound Region

Q: Which two projects in the last year embody the type of work that Venture is most involved in?

A: The 450-unit Bel-Red apartment project in Bellevue, and the 297,000-square-foot Medical Dental Building full interior renovation in Seattle.

Q: Do either of these projects signal a new direction for Venture, and if so how?

A: These projects are at the heart of what we do. Our goal is to continue growing a diverse commercial construction company focused on office, multifamily and tenant improvement projects throughout the Puget Sound region.

Q: Are you seeing signs that the economy has fully rebounded?

A: The Puget Sound region is fortunate to be economically diverse and we are rebounding faster than many other markets in the United States. Our economic diversity helps foster improved job growth, which in turn builds continued economic strength.

Q: Which components of your business have been performing well?

A: Our commercial, multifamily and tenant improvement divisions are all performing well.

Q: What are the biggest challenges you face in 2014 and 2015?

A: Finding qualified talent continues to be a challenge for most in our industry. Venture strives to differentiate itself from our competitors by fostering a collaborative, client-service-oriented environment focused on its team members.

Q: Are there any trends in TI projects that are particularly interesting?

A: We’re continuing to see tenants increase the overall size and financial commitment to their TIs.

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