The value of retail construction underway in New York City and its adjacent suburbs rose to $1.3 billion last year -- the highest among metro areas in the US, according to a new study by New York Building Congress. Retail construction made up $4.7 billion of the city's $196 billion in total construction starts from 2015 to 2018.
Plans for a 9.3-acre, mixed-use development at the former Peninsula Hospital site in Edgemere neighborhood in Queens will be reviewed by city agencies soon. The 11-building complex would include 2,200 residential units, 77,000 square feet for community medical facilities, 72,000 square feet of retail space and 24,000 square feet of open space.
Several rezoning modifications would need to be approved before La Hermosa Christian Church could break ground on a 33-story tower proposed in Central Harlem. Construction of the mixed-use building would take roughly 22 months.
Amid protests from politicians and residents, the de Blasio administration is delaying plans for private apartment buildings on a public housing site in East Williamsburg. The move is seen as another complication for the New York City Housing Authority in its bid to come up with needed revenue.
The rezoning of Midtown East has set the stage for owners Vornado Realty Trust and Rudin Management to join forces for the possible transformation of a 30-story building at 350 Park Ave. into a 1,450-foot supertall tower. It would require demolishing Vornado's existing building at the site as well as Rudin's 40 E. 52nd St. building.
The construction industry's unemployment rate dipped to 4.7% in April -- the lowest for the month in 19 years, according to the Bureau of Labor Statistics. Specialty contractors represented the biggest portion of industry's 33,000 new positions with 25,200, while the heavy-civil engineering sector added 9,900.
Contractors said during a roundtable event that the biggest challenge associated with adopting new technology is the need for rework, but having owners implement innovative project delivery models can help reduce complications. Allowing subcontractors to take ownership of a BIM model and embracing prefabrication can also facilitate construction workflows.
Melanie La Rocca has been appointed the city's new commissioner for the Department of Buildings. She comes to the job from her post as vice president of the New York City School Construction Authority and succeeds Rick Chandler.
House Transportation and Infrastructure Chairman Peter DeFazio, D-Ore., has promised to find a way to get a $13 billion tunnel between New York and New Jersey built. The effort has been held up by disagreements with the Trump administration over funding, but DeFazio says Congress could circumvent that by granting an environmental approval that would move the project forward.
Owners, construction managers and general contractors may all be at risk if workers are injured at work sites, according to a court ruling last year that upholds the Occupational Safety and Health Administration's multi-employer worksite doctrine. The case confirmed that general contractor's insurance doesn't cover OSHA citations, fines or penalties.
ICSC New York Deal Making Expo at the Javits Center
The ICSC New York Deal Making Expo is the largest retail real estate event on the East Coast, welcoming over 10,000 attendees and 530 vendors to the three-day event! See how union carpenters from the New York City District Council of Carpenters and union contractors played a critical role in bringing the expo to the Jacob K. Javits Convention Center.
Visit our new and improved searchable MBE/WBE/DBE directory of union carpentry contractors in the New York City metropolitan area. This new directory provides you with the certifications from New York City, New York State, and the New York State Unified Certification Program for our signatory MBEs/WBEs/DBEs. Each listing also provides links to their website (if available) and their association affiliation so you know which contractors can accommodate your needs -- it's all in one place.
Every once in a while, a new technology, an old problem, and a big idea turn into an innovation.
Dean Kamen, engineer, businessman and inventor of the Segway vehicle