A year ago, signs of the construction market’s collapse were as clear as a crisp autumn day – backlogs were drying up, revenues were swept away, sputtering projects went dormant, and new work was nowhere on the bare landscape.
The $28 million first phase of a regional park in Far Rockaway, the fourth of eight regional parks proposed under PlaNYC, the city�s plan for a greener New York, has broken ground. The project will create a 13-acre park stretching from Beach 11th Street to Beach 17th Street and Beach 28th Street to Beach 32nd Street and contain such amenities as a synthetic turf football field, a performance venue, a skate park, a central lawn area, a climbing wall and a variety of sports courts. "The fact that we are moving forward on these projects in spite of the tough
Rendering courtesy of The S/L/A/M Collaborative The new North Clinical Tower will add approximately 300,000 sq ft to Danbury Hospital. Connecticut�s Danbury Hospital is set to expand with a new $150 million North Clinical Tower that will add approximately 300,000 sq ft to the hospital, the largest expansion in the 12-floor, 371-bed regional medical center and university teaching hospital�s history. The new North Clinical Tower Addition is being designed by The S/L/A/M Collaborative of Glastonbury, Connecticut to better align with the hospital�s mission of �a higher level of care� and will consist of a new main entry including a double
Rendering courtesy of the MTA The $176 million, 180,000-sq-ft Fulton Street Center is scheduled to open in 2014. A contract for the above and below-grade construction of the $176 million, 180,000-sq-ft, Fulton Street Transit Center has been awarded to Plaza Construction of New York who will serve as the General Contractor along with Schiavone Construction of Secaucus, New Jersey. Construction on the center which is said to modernize this major Manhattan subway complex began in December 2008 but Plaza Construction�s work isn�t scheduled to begin until this coming February following the erection of a tower crane in January. The scope
Work has begun on the 60,000-sq-ft Battery Park City Community Center located at the tip of Liberty Luxe and Liberty Green high-rise residential towers on North End Avenue in Downtown Manhattan. The facility which is being constructed by Stalco Construction of Islandia, New York aims to achieve LEED Platinum certification and will consist of a main lobby, adult swimming pool, children’s pool, gymnasium and fitness center, theater/auditorium, dance studios, classrooms, offices, lockers rooms, a cafeteria, kitchen, bathrooms, and storage and equipment rooms. Green design features and leading edge technological solutions that will be incorporated into the community center include light
The construction of a new $10-billion nuclear reactor in Maryland seem to be dead after Constellation Energy told the Dept. of Energy that it is no longer interested in negotiating a federal loan guarantee to support the project.
In an announcement that could jump-start offshore wind development along the Atlantic seaboard, Google and investment firms Good Energies, New York, and Marubeni Corp., Tokyo, said Oct. 12 that they are backing the development of a 350-mile underwater high-voltage DC transmission line from of Northern New Jersey to Norfolk, Va.
New Jersey Governor Chris Christie today killed the $8.7 billion Trans-Hudson River passenger rail tunnel project that was expected to double commuter train capacity between New Jersey and Manhattan. Christie said he feared cost overruns on the Access to the Region�s Core (ARC) project could cost the state between $2 billion and $5 billion, despite commitments of $3 billion each from the Federal Transit Administration and the Port Authority of New York and New Jersey. �I will not allow taxpayers to fund projects that run over budget with no clear way of how these costs will be paid for,� Christie
The AECOM Technology Corp. acquisition juggernaut, running now for at least five years, is showing few signs of slowing down, despite the recession. The Los Angeles-based engineer said on Aug. 5 that it would spend a total of nearly $680 million to buy two more companies, less than a month after its $245-million purchase of Tishman Construction Co. propelled the firm deeper into the construction management business. div id="articleExtrasA" div id="articleExtrasB" div id="articleExtras" AECOM announced an agreement to acquire Davis Langdon, a U.K.-based cost and project management consultant, for $324 million. The much-rumored purchase is set to add 2,800 global
A year ago, signs of the construction market’s collapse were as clear as a crisp autumn day – backlogs were drying up, revenues were swept away, sputtering projects went dormant, and new work was nowhere on the bare landscape. And in the midst of that chill in November 2009, Structure Tone, a New York contractor with a $3 billion book, jumped on an acquisition of L.F. Driscoll, a Philadelphia market leader with $650 million in work. Most market observers say the construction sector’s swoon actually opened a prime season of mergers and acquisitions, a time for strong firms to not
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