Category : Construction & Design

Construction & Design

County okays Avalon Bay tax break as part of affordable housing plan

REW Staff
by REW Staff512
Nassau County Executive Edward P. Mangano announced that the County Industrial Development Agency (IDA) has approved an economic development compact for Avalon Bay Communities to build 191 rental apartments, 10 percent of them affordable workforce housing units, on the site of a now-defunct petroleum storage facility in Great Neck. When completed, this project will generate $56.4 million in economic benefit for the local economy while bringing the number of new housing opportunities created in Nassau under the Mangano administration to over 1,150. County Executive Mangano stated, “It is a priority of my administration to create new ways in which to assist our residents – young and old, families and singles — with new housing options.
Rechler breaks ground on new Westhampton business campus
Construction & Design

Rechler breaks ground on new Westhampton business campus

REW Staff
by REW Staff845
Rechler Equity Partners, the largest owner and operator of commercial properties on Long Island, officially broke ground on The Hampton Business District at Gabreski, a new commercial, medical and technology development in Westhampton Beach, New York. At the groundbreaking ceremony last week, Gregg Rechler and Mitchell Rechler, managing partners of...
Construction & DesignRetail

Equity One retail center in Bronx nears completion

REW Staff
by REW Staff1664
Racanelli Construction Company, Inc. is slated to complete a $30 million multi-level retail center in the Bronx on behalf of Equity One. Broadway Plaza, a 5532 Broadway, consists of three floors, each 74,888 s/f. Serving as a construction manager of the project, Racanelli is expected to deliver the retail center...
Construction & Design

$100M Park Slope plan for homes, stores, parking

REW Staff
by REW Staff659
Slate Property Group, Adam America Real Estate and AEW Capital Management, L.P. announced that they have entered into a ground lease at 535 Fourth Avenue in the Park Slope neighborhood of Brooklyn. EW acquired the property on behalf of AEW Partners VII, L.P., the seventh in firm’s series of opportunistic...
Construction unions going after alter-ego contractors as profits shrink
Construction & DesignFeatured

Construction unions going after alter-ego contractors as profits shrink

REW Staff
by REW Staff1082
A Long Island-based contractor was forced to pay $6 million to labor groups for breaking a collective bargaining agreement. The settlement is one of the largest in a growing number of “alter ego” lawsuits amid fierce competition between union and non-union workers. In the lawsuit filed in January 2013, labor groups Metal Lathers Local 46 and Council of Carpenters accused River Avenue Contracting of creating alter ego companies and using them to hire non-union workers.
Industry gives de Blasio housing plan cautious response
Construction & DesignHeadline

Industry gives de Blasio housing plan cautious response

REW
by REW815
Mayor Bill de Blasio’s $41 billion affordable housing plan has received a cautious response from the real estate industry. While most observers backed the Mayor’s goal to create and preserve 200,000 affordable housing units, the plan’s cost and mandatory inclusionary zoning drew criticism. “(De Blasio) plans to double City capital spending on development, but high property taxes are already one of the biggest obstacles to building and operating any apartments,” said Dan Margulies, executive director of the trade group Associated Builders and Owners of Greater New York.
Construction & DesignPhoto Gallery

Zetlin & De Chiara’s “The Building Next Door”

REW Staff
by REW Staff952
[imagebrowser id=288] Communication and Due Diligence are Keys to Success According to Experts at The Building Next Door: The Impact Of Construction On Adjacent Buildings NEW YORK – April 9, 2014 – On April 9th, New York’s real estate owners and developers, engineering and architecture firms, and construction leaders gathered...
Construction & Design

City gives go-ahead for $200M Staten Island waterfront project

REW Staff
by REW Staff830
New York City Economic Development Corporation (NYCEDC) and Triangle Equities announced the execution of the lease for a long-vacant three-acre site in the St. George neighborhood of Staten Island, paving the way for construction to begin on the $200 million mixed-use Lighthouse Point development. Directly adjacent to the St. George...