Las Vegas-based Molasky Group lands contract in St. Louis, MO
November 25, 2009 - 6:14 pm
With construction in Las Vegas drying up like the water level at Lake Mead, the Molasky Group has gone outside the city to get work.
The Las Vegas-based real estate and development company picked up a $100 million contract to build a new facility for the National Archives and Records Administration in St. Louis, Mo.
The project is expected to create about 800 jobs.
It’s been 15 months since the U.S. General Services Agency awarded the contract for the 475,000-square-foot NARA personnel records center. The project faced a number of obstacles, including collapse of the financial markets and retrenching in commercial lending.
Molasky Group was able to pull the architects and contractors together and secure financing through the Teachers Insurance and Annuity Association, closing escrow on the 23-acre land purchase on Nov. 16.
The project will be built by a joint venture between Atlanta-based Hardin Construction and St. Louis-based Tarlton Corp.
The records center will be the largest national archives facility outside of Washington, D.C., with a central repository of personnel records for both military and civil service employees.