A Lower Manhattan community board in late May approved a planned mosque and Muslim cultural center near the site of the 9/11 attacks. The center would require demolition of a 153-year-old building two blocks from the World Trade Center site. The plan has drawn criticism from families of 9/11 victims. It must still be approved by New York’s Landmark Preservation Commission.
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.