Category : Construction & Design

Construction & DesignFeatured

The first Hudson Yard tower reaches its full height

REW
by REW1269
Related Companies, Oxford Properties Group and Tutor Perini today announced the topping out of 10 Hudson Yards, the future home of Coach Inc., L’Oréal USA, SAP and VaynerMedia. Ten Hudson Yards is already 85 percent committed and one of five commercial towers planned for the 28-acre Hudson Yards development. It will officially...
Industry luminaries to be honored for work promoting construction skills
Construction & Design

Industry luminaries to be honored for work promoting construction skills

REW
by REW1070
The Edward J. Malloy Initiative for Construction Skills (Construction Skills) will honor four individuals for their commitment to growing the diversity of New York City’s construction industry and expanding opportunities in communities across the five boroughs at the 2015 Building Futures Awards Reception. This year’s event, which will be held...
Ground broken for Virgin’s NoMad hotel
Construction & Design

Ground broken for Virgin’s NoMad hotel

REW
by REW1002
The Virgin Hotel New York broke ground in the NoMad neighborhood on Monday. Located on the southwest corner of 30th Street and Broadway the 39-story, 500,000 s/f tower is expected to open in 2018. VOA, the architect and interior designer, has been working closely with owner/developer the Lam Group and Virgin Hotels to create a new...
Construction complete at Riverdale Crossing
Construction & DesignRetail

Construction complete at Riverdale Crossing

REW
by REW1363
Metropolitan Realty Associates (MRA) President Joseph A. Farkas announced the completion of Riverdale Crossing, a two-building, 165,000 s/f outdoor shopping mall in the Riverdale section of the Bronx. The final phase involved construction of a 114,000 s/f building for BJ’s Wholesale Club, which just announced that it will open its...
Westchester launches $500M building spree
Construction & DesignDeals & Dealmakers

Westchester launches $500M building spree

REW
by REW1307
County Executive Robert P. Astorino announced that Westchester’s Industrial Development Agency (IDA) has approved incentives to move forward four projects that total more than $496 million in private investment and will create over 3,100 construction jobs and 422 permanent jobs. The developments are a major residential/retail complex in downtown White...
Construction & DesignDeals & DealmakersDebt & Equity

Savanna and Silvermintz secure $115M loan to build new Chelsea gallery property

REW
by REW1280
RM Capital  has arranged $115 million of first mortgage construction financing for the development of a Class A office and gallery building located at 540-544 West 26th  Street in  West Chelsea. The project is a joint venture between Savanna Real Estate Fund and the Silvermintz Family, a multi-generational owner of the land. The...
Green building sector outpacing overall construction growth
Construction & DesignGreen Building

Green building sector outpacing overall construction growth

REW
by REW1219
The green building sector is outpacing overall construction growth in the U.S. and will account for more than 2.3 million American jobs this year, according to a new U.S. Green Building Council (USGBC) study from Booz Allen Hamilton (NYSE:BAH). The 2015 Green Building Economic Impact Study, released today by USGBC...
Mayor de Blasio greenlights massive energy retrofit program
Construction & DesignGreen Building

Mayor de Blasio greenlights massive energy retrofit program

REW
by REW1031
Mayor Bill de Blasio this week announced the official launch of the NYC Retrofit Accelerator, which will provide free technical assistance and advisory services for building owners to go green through critical energy efficiency, water conservation, and clean energy upgrades. The program is anticipated to reduce citywide greenhouse gas emissions...
How Superstorm Sandy turned the tide on sustainability in NYC
Construction & DesignFeaturedGreen Building

How Superstorm Sandy turned the tide on sustainability in NYC

REW
by REW2403
Nowadays, it pays to be green in real estate. New York City, a few years removed from being battered by the deadliest storm to ever hit the northeastern United States, is now the epicenter for addressing climate change, with green buildings continuing to rise for reasons both benevolent and profitable....
Construction & DesignDeals & Dealmakers

Cuomo okays TWA Flight Center hotel plan

REW
by REW2013
Governor Andrew M. Cuomo has given formal approval for a long-range lease arrangement to turn the landmark TWA Flight Center at John F. Kennedy Airport into a hotel complex. JFK is one of the few U.S. airports without an on-airport hotel. The $265 million construction project, which is expected to...