Atkinson announces $38.2 million "Continuing Care Community" project in La Jolla, Calif.SAN BRUNO San Bruno (săn br  `nō), city (1990 pop. 38,961), San Mateo co., W Calif., a suburb on San Francisco Bay; inc. 1914. There is light manufacturing and petroleum refining. , Calif.--(BUSINESS WIRE)--Nov. 30 1994--Atkinson
(ATKN:NASDAQ/NMS) Wednesday announced that its operating unit operating unitA type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon , Walsh Construction Company, Sacramento, Calif., has been awarded a $38.2 million Guaranteed Maximum Price A Guaranteed Maximum Price (also known as GMP, Not-To-Exceed Price, NTE, or NTX) contract is a cost-type contract (also known as an open-book contract) where the contractor is compensated for actual costs incurred plus a fixed fee subject to a ceiling price. contract for the design and construction of a "Continuing Care continuing care a professional convention that a veterinarian who is treating an animal is obliged to continue treating that case unless an arrangement is made with its custodian to transfer the care to another practitioner or to a specialist. Community" for seniors in La Jolla La Jolla (lə hoi`yə), on the Pacific Ocean, S Calif., an uninc. district within the confines of San Diego; founded 1869. The beautiful ocean beaches, in particular La Jolla shores and Black's Beach, and sea-washed caves attract visitors and , Calif. Under terms of the contract with La Jolla Village Towers - 500, Walsh will design and construct a 20-story, 238 unit apartment complex and a 3-story underground parking garage under the initial phase of the owner's development plan. Residence units in the Continuing Care Community, designed by Merlin J. Barth, Architect, will range in size from 770 square feet to 1,768 square feet. The first phase of this project is scheduled for substantial completion in May, 1996. Atkinson operates through three construction companies providing full service construction to markets for power, industrial and commercial building, pulp and paper, mining, and infrastructure in the United States, Canada, and internationally. CONTACT: Atkinson Jim Stevens, 415/876-1681 |
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