Local developers feel sting of high construction costs
Work on major projects like the One Beale luxury apartment building has been made more difficult by global supply problems caused by the pandemic. (Mark Weber/Daily Memphian file)
The global supply-chain shortage, which first took its toll on automobile manufactures in need of semiconductor chips, eventually affected the cost of lumber. Developers like the Henry Turley Co. were left trying to keep construction projects on time and on budget.
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Commercial Real Estate construction costs inflation Subscriber Only One Beale Orleans Place Alex Turley Chance CarlisleThank you for supporting local journalism.
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Rob Moore
Rob Moore covers North Mississippi for The Daily Memphian. He holds a B.A. and an M.A. in English from The University of Memphis.
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