JPMorgan Chase's new headquarters is the first major project under New York City's rezoning initiative, dubbed Greater East Midtown and approved in August, that aims to create 6.8 million sq ft of modern office space in a 73-block area anchored by Grand Central Terminal.
A New York company and two utilities have a cost-effective solution to the nation’s aging underground infrastructure: a robot that crawls through cast-iron natural-gas pipelines and replaces their deteriorating joints, effectively renewing the pipes for up to 50 years.
High above New York City’s streets, ironworkers building the 70-story One Manhattan West tower are laboring inside of a six-story, 900-ton steel-mesh cocoon that hydraulically crawls up the sides of the building as they erect structural steel around the tower’s concrete core.
Major specialty contracting firms in the New York-New Jersey region appear to be benefiting from the still strong metro area building construction market, with revenue for the 10 largest firms on this year’s regional list up nearly $1 billion, to $2.97 billion.