Progress on two major European skyscrapers may not represent the green shoots of economic recovery, but they help lighten the gloom. In London, pile work is just starting on the 310- meter-tall “Shard,” planned as Europe’s second-tallest building. Elsewhere, workers in Frankfurt are beginning to mobilize the planned Tower 185. Photo: London Bridge Quarter Ltd. Celtic Crossing. Suspension bridge will maintain a context-sensitive profile. Related Links: London Shard Tower Rises From Gloom Photo: Viveco Real Estate With Middle Eastern backing, London Bridge Quarter Ltd. recently signed a construction contract with London-based Mace Ltd. for the estimated $1.5-billion riverside development, including
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.