Demolition of Brooklyn Heights Library will likely begin this December

The controversial Brooklyn Heights Library redevelopment is finally moving forward after developer Hudson Companies filed demolition plans with the city’s Department of Building last Friday, the Brooklyn Eaglereports. With that news, a clear timeline has also emerged for construction over the coming months. Interior demolition work at the site will likely get underway in December […]

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Green Energy Times (G.E.T.) is pleased to be one of the media partners for New York Build 2017

Green Energy Times (G.E.T.) is pleased to be one of the media partners for New York Build 2017. G.E.T. has a mission to motivate everyone, including businesses, municipalities, communities, organizations, and individuals, to be able to make educated measures to reduce their carbon footprints and to be responsible for our sustainability and energy independence. G.E.T […]

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One Vanderbilt Construction Underway After Official Groundbreaking

MIDTOWN — Construction is officially underway at One Vanderbilt, the skyscraper set to begin towering above Grand Central Terminal and where pols and developers descended Tuesday morning to hail what they called the future of Midtown development. Mayor Bill de Blasio and executives from SL Green took part in a symbolic shoveling of dirt at […]

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NYC urged to release info on construction accidents to show whether union jobs are safer

Politicians and labor groups want the city to classify the skyrocketing number of construction site deaths, accidents and injuries in the recent building boom based on whether they are at union or nonunion job sites. Amid competition between union and nonunion companies over the same building contracts, advocates have long argued that union workers are […]

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10 reasons to visit the New York Expo

• More networking opportunities – this is the New York City’s leading gathering for construction and related sectors. • More than 150 exhibitors – from a diverse range of sectors, all showcasing their services and products. • Exclusive VIP Lunch & Networking Sessions – a fantastic opportunity to get in front of leading purchasing managers. […]

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US office vacancy rate falls to seven-year low

The U.S. office vacancy rate fell to 16.0 percent in the second quarter, the lowest in seven years, research firm Reis Inc said on Monday. The rate declined by 10 basis points from the first quarter and marked the eighth consecutive quarter of decrease in the national vacancy rate. Overall net absorption increased by 5.4 […]

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Can Affordable Housing Overcome the Odds (Once Again) in New York?

Affordable housing in New York is constantly invoked as an aspiration, rarely as a reality. This is despite the 178,000 units in government-owned or -operated buildings, and despite the hundreds of thousands in private, below-market-rate apartments. A recent book, Affordable Housing in New York: The People, Places, and Policies That Transformed a City, shines a […]

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Selling 1 World Trade Center

If you thought building the $3.8 billion tower was a tall order, just try selling it One World Trade Center sits at the heart of America’s most hallowed ground, a 1,776-foot-tall icon that concretely testifies to the city’s rebirth after Sept. 11, 2001. But as an investment for its owner, the Port Authority of New […]

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US Construction Spending Unchanged in July

WASHINGTON — U.S. construction spending was unchanged in July as weakness in spending on government projects offset gains in home building and the strongest month for non-residential construction on record. Construction spending was flat in July but declines in May and June were revised to show slight gains, the Commerce Department reported Thursday. Spending in […]

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New Study Reveals Best Practices to Help Improve Construction Performance

With 85 percent of owners reporting over-budget construction projects, study sheds light on ways to avoid common industry shortcomings NEW YORK, Aug. 24, 2016 /PRNewswire/ — A new study entitled “Optimizing the Owner Organization: The Impact of Policies and Practices on Performance” has recently been published by Dodge Data & Analytics as part of its […]

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CT and NY construction industries had least economic impact in U.S. in 2015

Connecticut and New York tied for last place in a new report calculating the value added by the private construction industry as a percentage of gross domestic product (GDP) in 2015. According to the Associated Builders and Contractors (ABC), construction in both states accounted for 3.1 percent of GDP, well below the national average of […]

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