Related reaches off the beaten path for Hudson Yards construction

TRD New York /
Jan.January 16, 2012 10:00 AM

Determined to cut costs at its $4 billion Hudson Yards project, the Related Companies has reached outside the typical pot of New York City contractors and inked a California company. Crain’s said the impact of the unusual selection could reverberate throughout the city’s local construction industry.

Related chose Tutor Perini Corp. for the project because, unlike its New York counterparts, the firm owns subcontractors that can complete all facets of the construction project. The four major construction managers in the city, Lend Lease, Plaza, Tishman Construction and Turner, must commission subcontractors for some work, many of which lack transparency and competition, upping the costs of the project.

“Bringing another significant company like this into the city is positive for competition,” said REBNY President Steven Spinola. Former New York City Buildings Commissioner Patricia Lancaster added that “it’s time-honored that the companies that work here are the companies that work here, and that’s the end of it.” She said: “For Related to change the paradigm is pretty striking.”

Tutor Perini, which has previously worked in New York on infrastructure projects at JFK airport, the Jamaica Station AirTran terminal and the Resorts World Casino, will begin construction on the 1.7 million-square-foot Coach tower sometimes this year.

Related was among the most outspoken developers during the contract talks this summer with various construction unions, as it consistently maintained that the current, unionized construction environment is too costly for development firms. [Crain’s]


Related Articles

arrow_forward_ios

Related is the latest developer to target the Rockaways

The complaint claims that union officials discouraged him from investigating certain cases (Credit: iStock)

Whistleblower lawsuit accuses carpenters’ union of brushing off claims of corruption, fraud

(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

15 Hudson Yards (Credit: Related-Oxford, iStock)

First he sold a plot of land to Hudson Yards’ developers. Now he owns 7 luxury condos there

The Plaza Hotel in 1975 and models walking the runway during New York Fashion Week September 2019 (Credit: Getty Images)

Fashion Week struts its stuff at these iconic NYC locations

SoftBank-backed construction startup Katerra acquires two more firms

Hurricane Dorian spared South Florida but will still cost developers and contractors

M&T CEO René Jones and Brookfield managing partner Ben Brown with 5 Manhattan West (Credit: M&T, Brookfield, and Wikipedia)

Brookfield lands $184M refinancing for Manhattan West retail

arrow_forward_ios