Category : Construction & Design

Construction & Design

Report: Job growth in building sector outpacing national average

REW
by REW778
The rate of job growth in the construction industry is outpacing employment expansion across the country. According to a report from accounting advisory firm Marcum LLP, there were 105,000 construction hirings between September 2016 and January 2017. This amounts to job growth of 1.2 percent, which is more than double...
Benenson, Mack JV rethinks Greenwich Village condo plan
Construction & Design

Benenson, Mack JV rethinks Greenwich Village condo plan

REW
by REW1510
By Sabina Mollot Benenson Capital Partners and Mack Real Estate Group have gone back to the drawing board with a controversial plan to turn a Greenwich Village post office into a 12-story apartment building. The joint venture partners have resubmitted their plan to the cityʼs Board of Standards and Appeals...
EPA puts dry cleaners on notice and warns building owners and residents of chemical threat
Construction & DesignFeaturedProperty Managers

EPA puts dry cleaners on notice and warns building owners and residents of chemical threat

REW
by REW2095
By Kristine M. MacWilliams, PE, Technical Director-Subsurface Investigation, and Douglas Newton, CPG, PG, National Client Manager, Partner Engineering and Science, Inc. In New York City, it seems as though there is a dry cleaning facility on every block.  That may no longer be the case in 2020, however, when new...
Construction & Design

Starchitect Bjarke Ingels moving offices to 50,000 s/f in DUMBO

REW
by REW1434
Two Trees Management Company announced that the Bjarke Ingels Group (“BIG”), one of the world’s leading architecture and design firms based in Copenhagen, London and NYC, has signed a lease to occupy 50,000 square feet at 45 Main Street in DUMBO, Brooklyn. The 200+ person NYC office, will move from...
Construction & DesignResidential

Savanna submits plans for 170-unit condo in Morningside Heights

REW
by REW1189
Savanna has submitted plans to the Department of Buildings to construct a 32-story, 170-unit condominium tower at 543 West 122nd Street between Broadway and Amsterdam Avenue in the Morningside Heights neighborhood of Manhattan. The new structure is located a block north of Columbia University and just south of Columbia’s $6.8...
Construction & DesignFeatured

NYC construction starts top $32B in 2016

REW
by REW1275
The value of New York City construction starts reached $32.2 billion in 2016, a decline of 22 percent from 2015, according to a New York Building Congress analysis of construction data from Dodge Data & Analytics. While the overall value of last year’s construction starts is down from $41.1 billion...
Construction & DesignPhoto GalleryProperty Managers

IN PICTURES: IFMA Awards for Excellence

REW
by REW1810
The New York City Chapter of the International Facility Management Association (IFMA NYC) hosted its 2017 annual Awards for Excellence Dinner on Thursday, January 26, 2017 at The Pierre Ballroom in New York City. Over 400 guests attended the sold-out dinner to celebrate IFMA members and their companies for their...
Construction & DesignResidential

NEW DEVELOPMENT: HFZ begins closings at 11 Beach; Leasing underway at LIC’s tallest apartment tower

REW
by REW2014
● HFZ CAPITAL Closings beging at 11 Beach HFZ Capital Group has launched closings at 11 Beach Street, the BKSK Architects and Thomas Juul-Hansen-designed Tribeca condominium. The pre-war, 10-story loft building has been modernized into 27 luxury homes. The building welcomed its first residents in early 2017. 11 Beach Street...
Construction & DesignFeatured

Report: New York City remains highest cost of construction market in the United States

REW
by REW1928
New York City remains the highest cost of construction market in the United States, but the rate of increase in 2016 was more in line with cost increases nationally than in recent years, according to a New York Building Congress analysis of multiple cost indices and interviews with representatives of...
15 Hudson Yards races into 2017 with record sales
Construction & DesignResidential

15 Hudson Yards races into 2017 with record sales

REW
by REW2306
Related Sales just reported that Fifteen Hudson Yards, the first residential offering at Hudson Yards, has sold 75 residences since launching sales in mid-September 2016, outpacing all other Manhattan residential new developments. Sales in the building average nearly $5 million. A spokeswoman said the price per square foot is ˮvery...