A Chicago developer has signed an agreement for Israel's largest-ever seismic retrofit and upgrade project to bring 24 apartment buildings in a Tel Aviv suburb in compliance with stricter earthquake building standards. The $78-million project in Bat Yam also involves adding 2.5 floors to each building. Courtesy of Copter-Fix Aerial Photography Seismically upgraded apartment building complex in a Tel Aviv suburb will include extra floors and structurally boosted elevators. Courtesy of Copter-Fix Aerial Photography Buildings are in the Syrian-African Rift where quakes have occurred; new laws in Israel have toughened building codes. Israel lies along the Syrian-African Rift, an active
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.