Skanska USA

Photo courtesy of the Greek Orthodox Archdiocese of America

December 27, 2018

Port Authority offers to help in reconstruction of World Trade Center’s St. Nicholas Shrine

Last December, construction on the St. Nicholas Greek Orthodox Church at the World Trade Center stopped due to lack of funding. The Archdiocese has remained committed to finishing the construction of the church, which was destroyed during the 9/11 attacks. Recently, the Port Authority — who owns the land on which the church is sited at Liberty Street — said that it wants to help the church with its rebuilding efforts, as the New York Post first reported.
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New Developments

December 6, 2018

Transforming LaGuardia’s Terminal B, by the numbers

By Devin Gannon

The first phase of Gov. Andrew Cuomo's $8 billion overhaul of LaGuardia Aiport opened to the public this weekend, which includes a new concourse and 11 gates at Terminal B. Construction company Skanska on Wednesday released additional information about the project, detailing everything from its planned 1.3 million square footage to its use of 40,000 tons of steel. In total, the redevelopment of LGA's Terminal B will cost $5.1 billion and bring 35 new gates and two new concourses.
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$80M in additional repairs planned for 109-year-old Manhattan Bridge

Photo via Flickr cc

October 5, 2018

$80M in additional repairs planned for 109-year-old Manhattan Bridge

By Devin Gannon

The Manhattan Bridge is set to undergo another rehabilitation, Skanska announced. The city's Department of Transportation awarded the construction company a $75.9 million contract to perform structural and component rehabilitation on the bridge. Since 1982, the 109-year-old bridge, which crosses the East River connecting Lower Manhattan and Downtown Brooklyn, has been repaired 14 times, making this latest announcement the 15th construction contract.
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Transit

Construction suspended at the World Trade Center’s St. Nicholas Shrine amid financial woes

Photo courtesy of the Greek Orthodox Archdiocese of America

December 27, 2017

Construction suspended at the World Trade Center’s St. Nicholas Shrine amid financial woes

By Devin Gannon

Construction company Skanska USA stopped work at the St. Nicholas Greek Orthodox Church this month after the Greek Orthodox Archdiocese of America failed to make payments on the project. The cost of rebuilding the church, which was destroyed in the terror attacks on 9/11 more than sixteen years ago, increased to an estimated $78 million from a 2013 estimate of $20 million. While the archdiocese raised $37 million in donations, it was still unable to pay its bills, prompting an independent investigation of the church's financial mismanagement, as the New York Times reported. Since learning of its deficit, the archdiocese has cut 25 percent of its staff and 25 percent of its expenses. A new treasurer and a chief financial officer have also been hired.
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New Developments

Photo © Field Condition

October 27, 2014

Has the Failed B2 Tower Ruined Large-Scale Prefab Housing for the City?

By Diane Pham

Prefab housing has taken the world by storm in the last years, lauded for its low cost and flexibility, with buildings ranging from single-family homes to art schools popping up across the globe. But not until Forest City Ratner's plan for B2 BKLYN have we seen an attempt to build a large-scale module tower topping out at 32-stories—the world's tallest prefab tower. It's well known that the project has been a big flop; construction was far slower than originally projected and was halted in August amidst disputes between the builder, Skansa USA, and the developer, Forest City Ratner. In September lawsuits went flying, both pointing fingers as to why the whole thing failed. Forest City blamed the execution of the plan, while Skanska said the design was flawed. Fast-forward to today, and the work on the tower has been shut down with only 10 stories erected. A recent WSJ article looks at where the whole thing went awry, and more importantly: Is pre-fab construction even feasible at such a scale?
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September 9, 2014

Real Estate Wire: $1M Parking Spots; 700 Non-Toxic Condos Coming to Gowanus

By Diane Pham

The Arthur G. Cohen Estate has put in a $205M bid for the Chelsea Dream Hotel. [CO] New York isn’t expensive as you think it is. If you’re rich by U.S. standards, you’re probably also rich by New York standards according to these two graphs at Slate and Vox. [Slate/Vox] The Annabelle Selldorf-designed 42 Crosby […]

Real Estate Trends

September 8, 2014

Real Estate Wire: David Sanborn Sells Finally Sells His Townhouse; Philip House Penthouses for Sale

By Diane Pham

Inside the Park Slope condos giving away a Tesla with every purchase. [Curbed] Forest City Ratner slaps Skanska USA with a second lawsuit over the B2 modular tower. [TRD] The Philip House, located at 141 East 88th Street, has added ten new residences for sale, including four penthouses. [Philip House Residences] After several years of […]

Real Estate Trends

September 2, 2014

Real Estate Wire: SHoP’s B2 Modular Tower Runs Into More Problems; It’s Cheaper to Buy Than Rent

By Diane Pham

It’s cheaper to buy than rent in a number of US cities. [Business Insider] Forest City is suing Skanska over the Pacific Park (formerly the Atlantic Yards) B2 modular tower. Skanska issued a Stop Work Order last week over cost overruns, and Forest City is now countering with a lawsuit saying Skanska agreed to a […]

Real Estate Trends

August 28, 2014

Real Estate Wire: Construction on NYC’s Tallest Modular Tower Stalled Again; Yankees’ Martin Prado Moving to the Atelier

By Diane Pham

NYC’s tallest modular tower located at Pacific Park (formerly Atlantic Yards), and designed by SHoP Architects, has been stalled again due to a dispute between the developer, Forest City Ratner, and the contractor, Skanska USA. [Crain’s] New condos will replace a Williamsburg parking lot located at Union Avenue and South 3rd. [Curbed] This week the New York […]

Real Estate Trends

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