Category : Construction & Design

Construction & DesignFeatured

NYC catching Canada in high-rise race

REW Staff
Toronto remains North America’s high-rise boomtown going into 2014. With its total of 130 projects, the city heads a ranking compiled by Emporis, the international provider of building data, of the North American cities with the most skyscrapers and high-rises currently under construction. New York City, the “real” center of North American high-rise architecture, appears in second place on 91 buildings.
Advance gets okay for transit village development
Construction & Design

Advance gets okay for transit village development

REW Staff
Advance Realty announced a milestone at Riverbend District, the company’s transit-oriented, Smart Growth award-winning development in Harrison, N.J. The developer has received approval from the Town of Harrison to develop 345 luxury apartments and 18,000 s/f of retail space. The development will take place on a portion of Riverbend known as “Block D.” The vibrant mix of residential and retail space will play an integral role in the continued success of the Harrison Waterfront Redevelopment Project, the town’s revitalization plan that capitalizes on its transit-friendly PATH.
Construction & DesignDeals & Dealmakers

Knakal, Ciraulo selling site on a boulevard of dreams

REW Staff
Bob Knakal and John Ciraulo at Massey Knakal are marketing a development site at 11 Park Avenue that could accommodate a hotel, condo or both. Located between East 34th and East 35th Streets in Murray Hill, the site is currently an eight-story parking lot that contains approximately 35,305 s/f and...
Schumer gets Silverstein his $340M bond money
Construction & DesignDeals & DealmakersDebt & Equity

Schumer gets Silverstein his $340M bond money

REW Staff
U.S. Senator Charles E. Schumer announced on Monday that the final federal hurdle has been cleared in securing Recovery Zone bonds that will go toward financing the complete construction of 3 World Trade Center. Since the recession delayed to start of construction on the 80-story building, Schumer had to work...
Construction & DesignFeaturedResidential

Less is more as work starts on New Jersey’s tallest apartment tower

REW Staff
Mack-Cali Realty Corporation and Ironstate Development Company broke ground today (Tuesday) on a new type of residential tower: URL® Harborside. URL, which stands for Urban Ready Living, is a direct response to demand for apartments that use less energy, provide more innovative spaces, and offer public areas that foster community. Once complete, the 69-story residential tower that will bring 763 rentals to Mack-Cali’s Harborside development on the Jersey City Waterfront, will be the tallest apartment building in the state.
Thomas Scarangello takes reins at NYBC
Construction & DesignFeatured

Thomas Scarangello takes reins at NYBC

REW Staff
Thomas Z. Scarangello, a structural engineer who has worked on some of New York City’s most iconic projects, has been elected chairman of the New York Building Congress, succeeding AECOM Chairman and CEO John Dionisio. Scarangello was installed as chairman during the Building Congress’ Annual Membership Meeting, held on January 13. Scarangello is chairman and Chief Executive Officer of Thornton Tomasetti, one of the world’s pre-eminent engineering firms.
Construction & DesignFeatured

Fascinating time-lapse of Marriott rising up

REW Staff
On Monday, Marriott International and G Holdings opened the tallest single-use hotel in North America at 1717 Broadway.The combined 378-room Courtyard hotel and 261-suite Residence Inn hotel in Midtown Manhattan has 68 stories and cost $320 million. Take a look at this time-lapse of the two-year construction:
Construction & DesignDebt & EquityFeaturedProperty Managers

Eco-investors invited to make withdrawal from the Green Bank

REW Staff
Governor Andrew M. Cuomo this week announced $210 million in initial funding for NY Green Bank, a new market oriented approach aimed at speeding up clean energy deployment, creating jobs, and making communities more sustainable. The funding combines $165 million redirected from other programs and approved by the Public Service Commission (PSC) and $45 million from the Regional Greenhouse Gas Initiative (RGGI). “With this funding we will attract greater investment in New York, accelerate clean energy deployment, and modernize our grid,” Governor Cuomo said.
Construction & Design

City okays disaster bill

REW Staff
A new bill aimed at making sure workers dealing with environmental disasters are qualified has won unanimous support from New York City Council. The Environmental Hazard Remediation Bill was developed in response to the environmental disasters caused by Hurricane Sandy and the increase of asthma and other respiratory conditions as a result of irritants, pathogens, fungi and mold, including stachybotrys chartarum, soot from severe smoke or fire damage and flood damage, and potentially infectious materials, including viruses, bacteria, chemical spills and sewage. Environmental Contractors Association (ECA), along with the Real Estate Board of New York and the Mason Tenders’ District Council, crafted legislation which establishes a voluntary master environmental hazard remediation technician registration program with the goal of providing the City of New York with safe and effective solutions to environmental hazards.