It seems like Textura issues a press release
every time it makes a sale.
Does anyone happen to know the amount of
revenue Textura generates when it makes “a sale” like the one announced
below? If so, please let me know!
PRESS RELEASE
March 17, 2014, 7:30 a.m. EDT
GFI
Development Company Adopts Submittal Exchange on Iconic Five Beekman Street Project;
Design and Construction Streamlined on Historic Landmark Hotel in NYC.
DES MOINES, Iowa, March 17, 2014
/PRNewswire/ -- Textura® Corporation TXTR +3.94% , the leading
provider of collaboration solutions for the construction industry, announced
today that GFI
Development Company is using Submittal
Exchange ® to manage design and construction communications for the
elaborate renovation of the unique Five Beekman Street project in Manhattan's
Financial District.
"One of our General Contractor
partners showed us Submittal Exchange on another project and we knew it was
exactly the solution we needed to manage the massive amount of design and
construction information for our Five Beekman Street project," said Kim Savarese,
Project Manager, GFI Development. "Using Submittal Exchange will allow us
to simplify the design process and move right into construction at a quicker
pace. Having documents in an automated workflow and readily available in one
location for the project team during each phase of the project is very
helpful."
GFI Development Company is using
both of Textura's Submittal Exchange web-based collaboration solutions on the
Five Beekman Street project. Submittal Exchange for Design improves efficiency
and communication during the design phase of a project. Submittal
Exchange for Construction allows project teams to electronically exchange,
review and archive construction submittals, RFI's and other communications on
the construction phases of a project. With these solutions GFI
Development Company is able to streamline the management of documents and
communications to eliminate frustrations, delays and unexpected costs.
GFI Development Company and GB
Lodging, LLC are converting the notable Five Beekman Street building into a
luxury hotel consisting of approximately 287 guest rooms and over 68
residential units that will be operated by Commune Hotels. The historic
structure together with an adjacent site on Nassau Street will total
approximately 340,000 square feet, including a 46-story tower.
"We are very pleased that GFI
Development Company has selected Submittal Exchange for their impressive
renovation project," said Patrick Allin, Chairman and Chief Executive
Office, Textura Corporation. "Using Submittal Exchange will help the
project move seamlessly through design and successful construction to produce a
stunning historic renovation the city will treasure."
Posts
Textura's products are all different, so it'll depend on which one they're discussing. For Submittal Exchange in particular, they tend to price it by project value. Not knowing the value of this project makes it tougher to estimate, but a rough guess would say that for both the SE products they'd probably get $30-$40k for a $100M project.
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