Turner Construction has started building a 46-story commercial office tower on Madison Avenue in Manhattan. The 930,000-sq-ft project, designed by Kohn Pederson Fox, includes an underground entrance that will provide access to Grand Central’s Madison Concourse between 44th and 45th Street.
The hot pace of construction staff compensation is cooling. Following years of historically high salary increases, employers are reigning in pay for construction staff.
ENR’s Construction Industry Confidence Index fell 14 points between Q1 and Q2, to a rating of 47. That marks the third largest drop in the history of the index.
The Trump administration plan to take its “America First” agenda globally had a rocky start as sweeping tariff announcements tanked stock markets worldwide.