Photo: Courtesy of Lester Ali Earlier this month, tenants began occupying architect Frank Gehry’s first residential supertower, which is New York City’s eighth-tallest high-rise structure and the tallest residential tower in the Western Hemisphere. The 76-story building, with its spectacular folded facade, is the first icon to appear on the lower Manhattan skyline since terrorists destroyed the 110-story towers of the World Trade Center. The $875-million building, although not completed, is on time and on budget, says the owner, Forest City Ratner Cos. The rental building’s signature is the undulating waves of stainless steel that reflect the changing light. The
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.