Construction spending tops $8.1 billion

TRD New York /
Aug.August 02, 2010 12:00 PM

Richard Anderson and Weill Cornell Medical College

The value of construction projects started by New York City public and
private institutions amounted to $8.1 billion over a two-year period
ending April, according to a New York Building Congress report released
today. The public sector was responsible for 60 percent of spending.
More than 1,500 construction projects were started by city-based
institutions over the two-year period. Construction of new government facilities totaled $4.8 billion in value, in direct contrast with the office sector, which has seen very little ground-up construction outside the World Trade Center in recent years. New construction starts include: the $650 million Weill Cornell Medical College’s research building; the $381 million City University of New York’s Advanced Research Center and $210 million Fiterman Hall; a Mount Sinai School of Medicine research building, valued at $225 million; and a $117 million Staten Island courthouse complex. New York Building Congress President Richard Anderson noted that Columbia, NYU and Fordham have unveiled detailed campus expansion plans, and CUNY has more than $1 billion in projects in varying stages of development. TRD

 

Related Articles

arrow_forward_ios
Pandemic may wipe out $16B in construction spending: report

Pandemic may wipe out $16B in construction spending: report

Pandemic may wipe out $16B in construction spending: report
Mayor Bill de Blasio with Jing Fong at 20 Elizabeth Street in Chinatown and St. John the Divine at 1047 Amsterdam Avenue in Morningside Heights (de Blasio by Noam Galai/Getty Images; Jing Fong via Facebook; St. John the Diving via Google Maps)

Schools are racing to lease extra space for socially distanced classes

Schools are racing to lease extra space for socially distanced classes
Gov. Andrew Cuomo has given the go-ahead to reopen schools for in-person learning statewide (Getty; iStock)

School’s back on. Will the NYC resi market follow suit?

School’s back on. Will the NYC resi market follow suit?
Trade group calls for 24-hour construction to reboot cities

Trade group calls for 24-hour construction to reboot cities

Trade group calls for 24-hour construction to reboot cities
Tonight’s TRD Talk: Facing a construction crisis

Tonight’s TRD Talk: Facing a construction crisis

Tonight’s TRD Talk: Facing a construction crisis
New York Building Congress President & CEO Carlo Scissura (Credit: Getty Images, iStock)

Construction spending expected to hit nearly $190B between 2019 to 2021: report

Construction spending expected to hit nearly $190B between 2019 to 2021: report
City on track to meet mayor’s affordable housing goals: NYBC report

City on track to meet mayor’s affordable housing goals: NYBC report

City on track to meet mayor’s affordable housing goals: NYBC report
Jewish congregation files plans for new school building in Borough Park

Jewish congregation files plans for new school building in Borough Park

Jewish congregation files plans for new school building in Borough Park
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...