Focused on the Present, Ready for the Future

Holladay Construction Group

In construction, versatility ensures a steady stream of business and the ability to adapt when market trends change. In the Midwestern United States, Holladay Construction Group has long exemplified this adaptability and will continue to do so long into the future.

Holladay Construction Group, also known as HCG, began as a subsidiary of parent company Holladay Properties, which still develops and manages residential, commercial, and industrial properties across the United States. Since Holladay Properties’ inception in 1952, its construction division helped its parent developer with every aspect of the development and construction process. But a turning point came in 2007 when the company was spun out from its founder to work with third-party developers and owners. Since that time, HCG has stood on its own name and gained a reputation for flexible, quality construction in several sectors.

“In the nearly 13 years since we were incorporated, what began as a department of Holladay Properties has grown into a self-sustaining construction management, general contracting and design/build firm,” comments President Scott Trueblood. “Holladay Construction Group has grown from three original employees to a staff of over 30, who bring decades of experience and a wide range of service assets to our company.”

The newly independent company cut its teeth on warehouse and light industrial projects. Thanks to its long history under Holladay Properties, it was able to weather the 2008 recession and the bursting of the housing bubble by moving into medical office construction and tenant improvements, staying afloat while so many of its more specialized competitors were forced to dissolve.

Today, Holladay Construction Group clears an annual $100 million in revenue and is licensed in over twenty-five U.S. states. The firm has evolved and grown by following changing market trends and rapidly shifting to meet new standards and attain business opportunities. From nearly ninety percent of its work being done on Holladay-owned developments, HCG has moved to provide nearly equal service between third-party developers and Holladay Properties.

One of its newer projects is a large mixed-use unit in Portage, on the shores of Lake Michigan. The Promenade at Founders Square, as the project is known, will include 304 units of multi-family housing and over 10,000 square feet of ground-floor commercial space. HCG completed the first phase of this project in October 2018, which alone included five three-story buildings and over 230,000 square feet of new construction.

Holladay Construction Group has also built numerous hotels in Indiana and Illinois, where clients include Hilton, Radisson, Hampton, and at least six separate projects for WoodSpring Suites. With several other hotels under construction at this time and the hospitality sector thriving, HCG’s experience places it in a good position to capitalize in this market. HCG enjoys a good working relationship with Choice Hotels, the parent company of WoodSpring Suites and other hotel chains.

But one of the largest and most recent feathers in the company’s cap is the Grand Park Events Center, part of the larger Grand Park Sports Campus in Westfield. Boasting nearly 400,000 square feet of the campus’s four hundred acres, the facility is the largest indoor soccer arena in the United States. It holds three full-size soccer fields that are easily adaptable to other sports, plus multi-use space for live entertainment, trade shows, or conventions. The center offers locker rooms, office space, and even restaurants to meet spectators’ needs.

Holladay’s involvement in this project earned it an award for excellence in construction from Indiana and Kentucky’s chapter of the ABC (Associated Builders and Contractors) in 2016. ABC’s Merit Shop, a select group of industry insiders, additionally awarded the company its ‘Presidential Award’ for that year, recognizing its unique contribution to its community. Still other awards included the ‘Douglas S. Tolson Image Award’ for involving many area subcontractors on the project and a ‘Platinum Sponsor’ status.

Marketing Director Amanda Watson recalls the whirlwind evening when Holladay received the awards. “It was a pretty big event and a wonderful recognition of the impact and the magnitude of the Grand Park Event Center project,” she says.

The resounding success of the Grand Park project marks a turning point for Holladay, as the company explores the growing youth sports market.

With its long experience, positive work environment, strong relationships, and varied portfolio, Holladay Construction Group is poised to succeed as it continues to grow. It also stays atop emerging construction trends such as the current market strength of multifamily and hospitality developments.

A second sector set for rapid growth is in ‘active lifestyle’ housing for senior citizens. The company is presently working on two such properties and foresees much greater growth in the sector as the baby boomer generation continues to move into this demographic. Many in this growing demographic will seek multiple options for living, which Holladay intends to provide.

Another sector of great upcoming growth is mixed-use urban development. Director of Business Development Phil D’Amico remarks about how he has seen this trend across the entire United States. He sees more towns and cities wanting what he calls “creative downtown living,” self-contained multi-family and mixed-use buildings that offer residential space as well as dining and commercial space.

Despite his doubts that every city can bear the financial burden of such developments, D’Amico remains confident that more urban areas will adopt this more efficient trend. Still other trends remain unknown, but Holladay is ready to meet any needs its clients may have, now and in years to come.

Due Diligence

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October 21, 2019, 4:52 AM EDT