Home Depot has been renting a 1.4 million-square-foot distribution center in Savannah for 30 years. It has now bought the building and an adjacent 100 acres of raw land. Home Depot paid $145.5 million to acquire the distribution center, which spans about 325 acres near the Savannah/Hilton Head International Airport.

The seller was the Savannah Economic Development Authority, which developed the broader business park that includes companies such as Gulfstream Aerospace Corp. 

The Atlanta Business Chronicle reports that Home Depot has leased much of the space for its supply chain operations. According to a filing with the U.S. Securities and Exchange Commission, at the end of 2023, the company owned just 3% of its more than 100 million square feet of warehouses and distribution centers. In contrast, it owned 80% of its stores at that time. 

Balfour Beatty Campus Solutions has been selected to deliver a new student housing project on Whitis Avenue at The University of Texas at Austin (photo).

The project, valued at $145 million, will deliver 1,070 beds. Demolition and site preparation commenced in June 2024 with the new facility set to open for the Fall 2027 semester.

This new housing project is the first new residence hall to be constructed on campus in nearly 20 years. It will replace the previous housing structures that consisted of 200 beds in six buildings. The new facility will feature a mix of single and double rooms with community bathrooms, an area housing office, and a variety of student amenities, including lounges, study spaces, and a university-managed conference center to accommodate events of all sizes.

The project team includes general contractor Andres and architects Clark Nexsen & Levy Dykema.