New York Capital Region Vice President
While owners are emphasizing green building throughout the Albany area, Hollander says sustainable design trends such as passive house are new to the region.
“With limited experience in both design and construction deliveries,” he says, “project teams can find it difficult to achieve the design requirements of many of these trends.”
The area’s advanced manufacturing, specifically of semiconductors, will benefit from $52 billion in federal CHIPS Act funding. Local manufacturers such as GlobalFoundries are “looking to expand and enhance their facilities, and that will have a significant impact on the local market,” Hollander says.
Health care and residential work is stalling, with “the rise in interest rates and government efforts to tame inflation causing a slowdown in market rate housing,” he says. But overall, Hollander adds, “Many new opportunities are arising. The investments being made will not only create construction work, but also provide long-lasting improvements to the Capital Region, benefiting our community as a whole.”