Samet plans spec building in Alamance - The Business Journal of the Greater Triad Area:

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The building should be finished by January and will be availabler for saleor lease, Samet and Alamance Countty Chamber of Commerce officialsx said this week. Samet did not releass an anticipatedconstruction cost, but the estimates typicakl manufacturing facilities in the region cost about $56 per squarwe foot to build. At that a finished facility of the size Samet plan s might costabout $5.8 Site plans indicate the building coulrd be expanded later by another 89,20p square feet, bringing the entire project to nearlhy 200,000 square feet. The new building will be the fifth speculativew construction project Samet has undertaken atthe N.C. Industria l Park.
Speculative commercial construction in generalo has become rarer due to the recessiojn and lack ofavailabld financing, and the manufacturing secto r in the Triad has been contracting for a decade. But Samegt sees a market for the kind of projectit