Turner Construction Co.
Specialty: Construction management, general contracting
Management: Thomas B. Gerlach Jr., senior vice president and general manager; Jack Beaudoin, vice president and special projects division manager; Scott Holbrook, vice president and operations manager
Year founded: 1902 nationally, 1976 in Seattle
2004 revenues: $314 million for Turner Northwest
Projected 2005 revenues: $330 million
Current significant projects: $95 million Auburn Safeway Distribution Center, $120 million 2200 Westlake, $155 million Haborview Medical Center bond program
More staff and more projects are on the horizon for Turner Construction. Operations Manager Scott Holbrook said the company will grow by 7 percent in the coming years.
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“I quite frankly wouldn’t be surprised to see us beat our plans the next couple years,” he said. Revenue this year is expected to be up $16 million from last year.
After being tracked for a few years, some jobs are finally starting to begin. A slow market had been keeping them from breaking ground.
Still, subcontractors are having to be more selective about what they’ll build, said Holbrook. “There is still some tightness in the sub market, especially with sub bonds. Money markets have gotten tighter,” he said.
Turner is taking on a number of healthcare projects, a market Holbrook describes as robust. But the reason for high activity in this sector is unclear. “It’s not like California where I can tie it directly back to requirements” for hospitals to undergo renovations or new construction, he said.
Seismic renovations at Harborview and work at medical centers in Eugene, Ore., and Portland are some of Turner’s new projects.