From 2020 through 2023, total construction spending will increase by 38% over the prior 4-year period to $9.4 billion using innovative practices, according to a New York Building Congress forecast in a July 20 report.
The New York City Dept. of Buildings has granted permission to use SpeedCore in New York City. The high-rise lateral-load resisting system of tied dual-plate wall modules field-filled with concrete has the potential to slash superstructure construction time compared to steel frames with reinforced concrete cores.
Five regions of New York, but not NYC, open nonessential construction sites on May 15; all New Jersey projects will restart on May 18, with all public permit approvals now extended.