While the owner of the 2.6-million-sq-ft Empire State Building gears up for a $500-million renovation, designed to cut energy costs by 38% and be a model for other green office-building retrofits, a construction firm that recently moved into its green ESB offices is releasing hard data on the 24,000-sq-ft retrofit. Skanska USA Building, which moved into its 32nd-floor space in November, reports it has reduced its energy bill by 46% over its smaller, previous offices elsewhere. Photo: Guy Lawrence / ENR Building landlords target $4.4 million in yearly savings. This fall, Skanska expects to be awarded LEED Platinum status for
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.