Area in Far Rockaway rezoned for revitalization project | Amazon to build fulfillment center on Staten Island | Survey: Commercial leasing expectations slip in NYC
September 14, 2017
Construction industry news for the New York City metropolitan area
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Area in Far Rockaway rezoned for revitalization project
The New York City Council agreed to rezone a 22-block Far Rockaway's downtown for new retail, community space and affordable apartments and intends to spend $126 million on the area, hoping to attract new retailers. Meanwhile, rezoning in Staten Island creates a Special Coastal Risk District, and any reuse of land will be restricted to creating open spaces.
amNewYork (9/7),  The Architect's Newspaper (9/12) 
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Project Focus
Amazon to build fulfillment center on Staten Island
Amazon to build fulfillment center on Staten Island
(David McNew/Getty Images)
Staten Island will be the site of Amazon's first fulfillment center in New York City. The center will serve the tri-state area and cover 855,000 square feet, providing more than 2,000 area jobs.
Business Insider (9/6) 
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Survey: Commercial leasing expectations slip in NYC
New York City property buyers have become more cautious about purchases, particularly in light of some sellers' unrealistic price expectations, according to a survey of brokers by the Real Estate Board of New York. While confidence in residential and commercial real estate remained in positive territory, expectations for the residential rental and commercial leasing markets slipped below four on the index, where a reading of five or above is positive.
Reuters (9/12) 
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Clock ticking for Jerome Ave. rezoning
Community boards must decide by the end of next month on a proposal to rezone Jerome Avenue in the western Bronx provided by the de Blasio administration. The idea faces stiff opposition from a variety of groups complaining that the plan will worsen displacement while failing to provide good local jobs.
City Limits (New York City) (9/12) 
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Innovation & Technology
Developer/contractor model builds relationships with subs
A number of developers are taking up the additional burden of being their own general contractors in a bid to cut costs. Doing so comes with risks associated with insuring workers and assuming responsibility for site accidents, but it helps create relationships between subcontractors and developers that assure quality work.
The Real Deal online (New York City) (9/12) 
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How Lower Manhattan has re-emerged since 9/11
From the ashes of 9/11 a new Lower Manhattan has emerged. Lara O'Keefe looks at 10 ways the area has been transformed, beginning with One World Trade Center on the site of the fallen towers.
Bisnow (9/10) 
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Policy Watch
Mnuchin continues to target tax reform in 2017
Mnuchin continues to target tax reform in 2017
Mnuchin (Alex Wong/Getty Images)
The White House is still committed to passing tax-reform legislation this year, Treasury Secretary Steven Mnuchin says, though the Trump administration is open to backdating tax cuts to 2017 if a bill does not pass until 2018. Mnuchin also says he is open to attaching legislation on infrastructure spending to a tax-reform bill.
Fox Business/The Associated Press (9/12) 
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Poll: Americans support increase in taxes, tolls to fund infrastructure
A survey by HNTB Corp. showed that 84% of Americans would support tax increases or tolls if the money was only spent on infrastructure. The survey also found that 73% support public-private partnerships and eight in 10 respondents support tolling existing roads.
Construction Dive (9/11),  Reuters (9/10) 
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Hurricane losses could cause NYC property insurance rates to spike
Insurers' losses caused by hurricanes Harvey and Irma could mean pain for property owners, even in New York City. "When a catastrophe like a hurricane like this hits and insurance companies pay out high claims, their reserves go down, which ultimately forces them to increase insurance rates across the board -- meaning even in New York -- in order to increase the reserves again," said Izzy Green, CEO of the New York-based Evergreen Insurance and Risk Management.
The Real Deal online (New York City) (9/8) 
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CCA Metro News
Our trades of work
Union carpenters and contractors are present from start to finish in construction. Our trades of work include foundations and concrete, walls and ceilings, floor covering, woodwork and cabinets, millwrights, hoists and scaffolds, heavy construction, dockbuilders and timbermen, and trade shows. Learn more about our trades of work.
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Building New York's Best ... Trade Shows, Conventions and Exhibitions
Take a look at this short video introducing you to union trade show carpenters and contractors. These skilled professionals erect prefabricated exhibits and build custom exhibits for trade shows at the Javits Center, area hotels and other venues. They engage in floor layout, pipe and drape work, carpeting, booth maintenance, and rigging of signs for exhibits. The Javits Center is the busiest convention center in the U.S. It hosts 175-plus events a year and generates $2 billion of economic activity. Union trade show carpenters and contractors make it possible.
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I would rather work with five people who really believe in what they are doing ... than five hundred who can't see the point.
Patrick Dixon,
business consultant
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