COMPANY OVERVIEW
CONSTRUCTION
CREATING THE BEST PLACES TO LIVE WITH THE DINERSTEIN COMPANIES
THE DINERSTEIN COMPANIES The luxury apartment and condominium market in the U.S. has been growing steadily for a few years, and right at the heart of this trend is a Houston-based, 3rd generation company with a motto “creating the best places to live”. The Dinerstein Companies (TDC), established in 1955, has shifted over the past several years from building 3-story walk-up housing units to some of the most sought-after and attractive large-scale residential buildings in the country. The company has maintained a family feel but there is no doubt that the complexity and scope of its projects have increased substantially over the past decade. Overall, TDC has developed over 52,000 units in 26 states- totaling $1.3 billion in property values. While that is quite impressive, even more so is the projected forecast that the company will do another $1.3 billion in revenue over the next 3-5 years. This growth is due to a strong and multifaceted management team that selects projects that is in TDC’s wheelhouse. The growth can also be derived from a quick look at their average project value. Ten or fifteen years ago their average project was around
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The Millennium Rainey Street Interior
THE DINERSTEIN COMPANIES
CONSTRUCTION
Vantage Med Center
THE DINERSTEIN COMPANIES $15 million; today it is $100- $150 million.
downtown Santa Monica, the Millennium
Two special projects under way are the
development. This large cluster of 4-5 story
Vantage Medical Center in Houston, and the
above-grade wood-framed buildings have
Millennium Santa Monica in California. The
2 stories of underground parking. In many
Vantage sits above the bayou, with fantastic
urban areas, parking is at a premium- which
360 degree views of the city of Houston.
makes for a more costly and complicated
The exterior design is very attractive and
structure. All told, this development will be
unique, implementing various types of
330 units, which is not an easy endeavor
claddings. This 22-story building will be
these days in Los Angeles County.
complete by the end of April. It took TDC 3 years to get the project Another ongoing feature project is in
through the local Approval and permitting
CONSTRUCTION process, as the town/county is not really
departments, but they all work together
looking for more large developments.
seamlessly and proactively.
TDC looks to build projects with amenities
There is the standard construction arm- the
and trends that residents are asking for.
General Contractor/ Construction Manager.
These include rooftop pools and sky
Then the corporation has a property
bars, and of course high-quality fitness
management, as well as a development/
centers. One such project that was recently
investor side.
completed is the Austin Rainey Street project in Austin TX which has them all.
This partnership between construction and
This 8-story concrete building opened last
property management also is key in the
summer- and it seems to be a local hit. TDC is broken down into 3 distinct
Vantage Med Center Pool Side
THE DINERSTEIN COMPANIES
CONSTRUCTION project close out and commissioning stage. Project commissioning assures that all systems and components of a building are designed, installed, tested, operated, and maintained according to the logistical requirements of the owner/developer (which is also TDC typically). TDC buildings do not just look good, they are built with high standards. This is part of TDC’s marketing plan as well. In 2015, TDC won a Builder of the Year award from the U.S. Green Building Council. The company goal is to build at a higher level and efficiency than the Code minimum- and building to LEED or USGBG guidelines are a means of achieving that.
Vantage Med Center Exterior
Vantage Med Center Entrance
THE DINERSTEIN COMPANIES
The Millennium Kirby Exterior
No quality construction firm can continue
and to ensure that their project and delivery
without a relevant safety program and
dates are optimized.
protocols. All TDC site workers are OSHA 10 certified, and their superintendents all
Being a part of the local community, in the
have their OSHA 30 cards. In addition,
Houston area, if extremely important to this
TDC regularly helps to train their subs
family business. They regularly take part
when needed.
and donate to area organizations like Casa de Esperanza (for children), and KIPP. KIPP
Technology is making construction projects
stands for Knowledge is Power Program,
more efficient, and this trend is embraced by
and is a part of Houston Public Schools.
TDC. TDC uses several different software’s
With their main office in Houston, and
on a daily basis, including ProCORE,
another in Solana Beach (California),
Primavera P6, and BlueBeam. Also, they
their likely growth will continue to expand
use REVIT via the project designers.
westward from Texas. This is where they
TDC often hires scheduling consultants to
see the “hot” markets, and the better rents.
really get the most out of these systems
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THE DINERSTEIN COMPANIES
Smart business decisions, embracing technology and architectural trends, and a commitment to make good on the values that formed the company in 1955, are making The Dinerstein Companies one of the strongest and respected names in the high-end, multi-unit industry nationally.
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www.dinersteincos.com The Millennium Kirby |Interior
THE DINERSTEIN COMPANIES
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The Millennium Kirby Interior
THE DINERSTEIN COMPANIES
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