Home » Archive

Articles in the Construction & Design Category

Construction & Design »

[16 Apr 2014 | No Comment | ]

PRD Realty Corp. has begun a capital improvement program at its 38 East 29th Street commercial property.
Expected to be complete in summer 2014, the program includes renovations to the façade and lobby, along with new building entrances and elevators.
Envisioned by architectural firm Durukan Architecture & Design, the new lobby will feature a custom steel chandelier, exposed brick, concrete floors and a seating niche.
38 East 29th Street, located between Park Avenue South and Madison Avenue, has been owned and operated by PRD Realty Corp. for approximately 30 years.
The 10-story building totals …

Construction & Design, Featured »

[14 Apr 2014 | No Comment | ]
Lightstone invites design ideas for 1407 Broadway

1407 Broadway, a building in Times Square South undergoing a transformation with extensive building renovations and an image repositioning, has launched a contest inviting designers to create the ideal work environment — with the winner receiving $14,000.
The Lightstone Group, owners of the building, and its branding partner CO OP, launched the competition to foster an environment that sparks creativity and collaboration through the building’s new office spaces, amenities and creative tenant mix.
The “Space Forward: Ideas Competition” launching on April 2 via a new website www.1407bway.com/competition and digital media campaign, invites …

Construction & Design, Featured »

[14 Apr 2014 | No Comment | ]
New York construction spending tops $29M

Overall construction spending in New York City reached $29.3 billion in 2013, a six percent increase from 2012, when total spending reached $27.7 billion, according to a New York Building Congress analysis.

Construction employment in New York City reached a five year high of 120,900 jobs in 2013, a four percent increase from 2012, when construction accounted for 116,000 jobs. Industry employment, however, remains well short of the 132,625 jobs that were produced in 2008.

Construction & Design »

[11 Apr 2014 | No Comment | ]
Labor groups defend scaffold law

New York’s construction unions are hitting back against a recent push to modify the laws governing who’s responsible for working safety on construction sites.

Construction & Design, Opinion »

[11 Apr 2014 | No Comment | ]

By Robert Smilowitz, PhD, P.E., principal, Weidlinger Associates, Inc.
As the tallest building in the Western Hemisphere, One World Trade Center is both a landmark and a challenge to risk-takers.
It was to be expected that someone would eventually evade security guards and climb to the top of the tower. Last month’s apparent infiltration of 1 WTC security by a teenager has reignited a concern for security in tall buildings.
The precedent was set when Philippe Petit strung a tightrope between the Twin Towers in 1974 and successfully performed his high-wire act. In …

Construction & Design »

[11 Apr 2014 | No Comment | ]

Forest City Ratner Companies and Shanghai-based Greenland Group Co. announced that they will install a green roof on Barclays Center in Brooklyn
In December, FCRC and Greenland completed a definitive agreement for a joint venture to develop Atlantic Yards, a 22-acre residential and commercial real estate project in Brooklyn.
The joint venture, which is expected to close in 2014, would cover both phase one and phase two of the project – excluding Barclays Center and the first housing tower, B2 — including infrastructure, a permanent MTA rail yard, a platform above the …

Construction & Design, Featured »

[11 Apr 2014 | No Comment | ]
Governors Island projects in full bloom in time for summer

Slowly and steadily, redevelopment continues at Governors Island, which will be open to the public seven days a week for the first time this summer.

Visitors will be greeted with new park space, fresh running water and a $2 fee on the previously free ferry service.

The Shell, designed by Diller Scofidio + Renfro, is reminiscent of the interior of an oyster shell that was shaped by its aquatic environment over time to form continuous but variegated surfaces.

The Trust for Governor’s Island will unveil 30 acres of new park space this May. The new Hammock Grove offers 1,500 trees, 50 hammocks and a view of the Statue of Liberty in New York Harbor.

Construction & Design, Deals & Dealmakers »

[9 Apr 2014 | No Comment | ]

TerraCRG, a Brooklyn-based commercial real estate brokerage, will be announcing the Brooklyn Building Award winners at the annual Only Brooklyn Real Estate Summit on May 6.
The Building Brooklyn Awards, organized by the Brooklyn Chamber of Commerce and now in its 14th year, is Brooklyn’s premier architectural award competition recognizing new construction and renovation projects that enrich Brooklyn’s neighborhoods through such criteria as design excellence, sustainability and economic benefit.
In addition, individuals are honored every year who make significant contributions toward enhancing the business conditions and climate of the borough through their …

Brokers Weekly, Construction & Design, Deals & Dealmakers »

[9 Apr 2014 | No Comment | ]

Axelrod Development Group and Lions Group are planning a 76-unit condo in Long Island City.
The partners purchased a development site featuring 78,000 buildable square feet at 14-01, 14-07, and 14-19 Broadway on the border of Long Island City and Astoria for $10,225,000.
Ariel Property Advisors sales team of Shimon Shkury, Howard Raber, Victor Sozio and Michael A. Tortorici represented the seller, and procured the buyer.
Raber commented, “The price achieved at 14-01 Broadway demonstrates both the strength of today’s market and the market’s faith in Astoria’s future.”

Construction & Design, Deals & Dealmakers, Finance & Accounting »

[9 Apr 2014 | No Comment | ]

MNS Investment Sales and Advisory, a division of MNS Real Estate, has arranged the sale of two properties in Sheepshead Bay totaling $39.5 million.
The properties, located at 1125 Banner Avenue and 2750 East 12th Street, include 102 newly constructed rental units and 70 parking spaces.
The Hudson Companies, Inc., in partnership with the New York City Pension Funds, purchased these properties through its Sandy Rebuilding Fund.
Five of New York City’s largest pension funds invested $500 million into redeveloping commercial and residential property areas affected by the storm.
Hudson Companies will manage the …

Related Posts Plugin for WordPress, Blogger...