If our annual ranking of the 25 largest projects to break ground is any indication, overall project costs are rising in the New York, New Jersey and Connecticut region. The early results of our latest Top Starts list, which ranks projects by value, shows the total cost of the largest 2013 start was $3.1 billion. That is a gigantic leap from 2012's $843 million top start and 2011's $1.2 billion.
Also, the floor, or smallest project on the list, also increased. The smallest start weighs in at $167 million, a $22 million increase from the smallest project in 2012, and a $40 million rise from 2011's smallest.
However, the latest ranking (which appears below) is only a preliminary list. A project listed below may be bumped off the list if we find another of greater size or if further research reveals that it does not meet all the criteria to be included on this list.
The final ranking of projects, listed by value, will be published in our March 24/31 issue. In fact, we could use your help to make sure that we have the most up-to-date ranking as possible. If you think we've missed a project that qualifies—that is, it has a total value higher than $167 million, is located in the tristate region and broke ground in 2013—please let us know.
Send an e-mail to ENR.NY@MHFI.COM with the details and "Top Starts Nominee" in the subject line. Include the project name, location, contract value and date of groundbreaking as well as your name and contact information.
Our March issue will provide more details on the starts along with a feature story on this year's soon-to-be-named Owner of the Year.
For now, here's a quick look at the region's top 25, listed alphabetically:
30 Park Place/Four Seasons Hotel New York Downtown; Silverstein Properties Inc.
625 West 57 St. Apartment & Garage, Manhattan; Durst Development L.L.C.
700 MW Natural Gas Fired CPV Woodbridge (N.J.) Energy Center; CompetitivePower Ventures Inc.
72nd Street Subway Station (2nd Avenue Subway)/Finishes, Manhattan; New York City Transit Authority
Apartment Tower/Hotel Bldg/Garage, Jersey City, N.J.; Panepinto Properties
Atelier II Apartment Building/Parking, Garage, Pool & Retail, Manhattan; The Moinian Group
E 91 Street Marine Transfer Station rehabilitation, Manhattan; NYC Dept of Sanitation-Contracts Division
Enclosed Mall at Bay Plaza, the Bronx; Prestige Properties & Development
Goethals Bridge Replacement, Staten Island-Elizabeth, N.J.; Port Authority Of NY & NJ
Hunters Point Mixed-Use Buildings Phase 1, Long Island City, N.Y.; Phipps Houses Group
Jackson Laboratory for Genomic Medicine, Farmington, Conn.; The Jackson Laboratory
Luxury Residential/Hotel Redevelopment Conversion, Manhattan; EBNB 70 Pine Owner LLC (Rose Associates & DTH Capital)
Manhattan South Structures; MTA Capital Construction, East Side Access Project Office
Manhattan West Platform for Mixed-Use Complex; Brookfield Financial Properties
New NY Bridge (formerly Tappan Zee Bridge)—Tarrytown, N.Y.; NYS Thruway Authority
Northeast Upgrade Project—from Bradford County, Penn., to Passaic County, N.J.; Kinder Morgan Energy Partners
NYC College of Technology Academic Building, Brooklyn; New York State Dormitory Authority
Prudential Financial Office Tower 1 & Parking, Phases 1 & 2, Newark, N.J.; Prudential Insurance Co. Inc.
Queens Boulevard Line Two Interlockings, Queens; New York City Transit Authority
Raising Bayonne Bridge Roadway; Port Authority of NY & NJ
Regional Transmission Grid upgrading—from Cherry Hill to Gloucester City, N.J.; PSE&G
Riverside Center Parcel 2 Apts/Commercial/Retail/School, Manhattan; CRP/Excell Parcel LLP
Stamford Hospital Specialty Care-/Patient Tower, Stamford, Conn.; Stamford Health Systems
Technology Development Center, Malta, N.Y.; GlobalFoundries
The Greenwich Lane Condos, Manhattan; Rudin Management Co. Inc.