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[30 Oct 2014 | No Comment | ]
NYBC warns of funding gap in MTA plan

The MTA Board of Directors recently approved a $32 billion Capital Plan for 2015-2019 that the New York Building Congress says faces several hurdles before going forward.
The spending plan is allocated to three priority areas:
• $23.5 billion for core “system renewal.” This includes approximately $17 billion for the subway system and $6 billion for Long Island Rail Road and Metro-North Railroad;
• $3.1 billion to maintain and improve the MTA’s nine bridge and tunnel facilities; and
• $5.5 billion to continue major expansion projects, commencing Phase II of the Second Avenue Subway, …

Construction & Design »

[30 Oct 2014 | No Comment | ]

New York-based LEED-accredited architecture firm Design AIDD Architecture, DPC, has been awarded the contract to design a six-story multi-family market rate rental project at 284 Wadsworth Avenue in Washington Heights, which will be known as HAP 4.1.
Developed by HAP Investments, the 10,000 s/f residence will have 10 one- and two-bedroom apartments, with such features as mini-split heating-and-cooling systems and in-unit washer/dryers.
The architects will use an ICF system for building construction. The efficient material is being used to not only save construction time, it is considered one of the world’s top …

Construction & Design »

[30 Oct 2014 | No Comment | ]
New York Festival of Lights will showcase leading global artists

The New York Festival of Light (NYFOL)) comes to DUMBO, Brooklyn, for three consecutive nights November 6 through 8.
A curated collection of lighting installations from renowned artists designing in the medium of light from all over the world and from Brooklyn will be showcased during the festival.
New York City now joins the ranks of major cities such as Berlin, London, Lyon, Montreal and Sydney that have festivals of light. The festival is free and open to the public and all ages are welcome.
In partnership with the DUMBO Business Improvement District, …

Construction & Design »

[30 Oct 2014 | No Comment | ]

Driven by an unprecedented surge in high-end residential construction, as well as by continued strength in the commercial and government sectors, New York City construction activity is brushing up against the heights experienced during the boom years of 2007 and 2008.
In its annual New York City Construction Outlook, the New York Building Congress – with support from the New York Building Foundation – forecasts $32.9 billion New York City construction spending in 2014, a 17 percent increase from 2013, when spending reached $28.2 billion.
Construction spending is expected to increase further …

Construction & Design »

[30 Oct 2014 | No Comment | ]
Parking system gets test drive in Brooklyn

A new environmentally friendly automatic parking system is being given a test drive in downtown Brooklyn.
Parkmatic, specialists in mechanical and automated parking systems for more than 20 years, is introducing its Carousel Parking System to the US at Verti-Park, 169 Tillary Street, at the corner of Gold Street in Downtown Brooklyn.
The environmentally-efficient system utilizes a Ferris wheel-style car stacker capable of holding 30 vehicles in the space of six, with retrieval time spanning 15 seconds for the lowest vehicle, and up to two minutes for the highest. The carousel parker …

Construction & Design, Property Managers »

[29 Oct 2014 | No Comment | ]

Con Edison has passed the half-way point in its four-year plan to provide a comprehensive storm defense system to protect New Yorkers from the kinds of widespread infrastructure damage that ravaged the area in 2012 during Superstorm Sandy.
Ahead of the second anniversary of the devastating storm, Con Edison planners, engineers and field crews have been working to fortify underground and overhead energy delivery systems from severe flooding and destructive winds characteristic of major storms.
Con Edison’s four-year, storm-hardening plan, called Fortifying the Future, at a cost of $1 billion, is already …

Construction & Design, Deals & Dealmakers, Green Building »

[29 Oct 2014 | No Comment | ]

Westchester County continues to see revitalization through the adaptive reuse of aging office buildings into healthcare clinics, labs and research centers, offsetting what has been a lackluster, but slightly improved office leasing market, according to new research from Colliers International.
Even with office rents essentially flat, the office market did see positive absorption for the first time in a year, and while current job growth is not strong enough to ignite a full office market rebound, the outlook for leasing velocity is cautiously positive.
After four consecutive quarters of negative absorption, Westchester …

Construction & Design, Featured »

[29 Oct 2014 | No Comment | ]
Report: New York still waiting for 80 percent of Sandy relief money two years after storm

Two years after Hurricane Sandy devastated New York, the city is still waiting for over 80 percent of Government-promised rebuilding money.

The bulk of the $10.6 billion in earmarked federal aid is still trickling its way through bureaucratic red tape, according to a report from the New York Building Congress.

However, the construction industry leader said Mayor Bill de Blasio’s recent effort to kick-start the Build It Back campaign to help New Yorkers rebuild could be the silver lining many property owners have been looking for.

Construction & Design, Featured »

[29 Oct 2014 | No Comment | ]
Developers lament transit woes as New York continues to grow

Some of New York’s real estate executives see a major threat to the future of the industry — and it’s not taxes or government regulation.

“Forward thinking in infrastructure is what has made this city great in the past, but it has not been as robust in recent years,” said Daniel Tishman, chairman and CEO of Tishman Construction.

Tishman voiced his concern that a lack of infrastructure spending is costing New York City its competitive edge. His fellow panelists at the Urban Land Institute’s Fall Meetup last week agreed.

Construction & Design, Featured »

[28 Oct 2014 | No Comment | ]
Sandy-ravaged Coney Island boardwalk turned into showpiece

Some 10,000 s/f of reclaimed lumber for the Hurricane Sandy-ravaged boardwalks of Coney Island and Rockaway Beach are being used to build the US pavilion for the 2015 World’s Fair.

New York-based Biber Architects has designed the pavilion with a walkway made of the New York wood that will stretch from one end of the 42,000 s/f structure to the other.

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