Skyscraper glass costs are soaring

Curtain wall manufactures aren't keeping up with demand

TRD New York /
Sep.September 09, 2015 08:31 AM

All the money and ambition in the world isn’t enough to build New York’s towering glass-and-steel high-rises. You need to be able to buy glass, too. 

Supplies for skyscraper glass are dwindling and prices are climbing, and developers are being forced to delay and re-budget their projects. Prices for the metal-framed glass panels, called curtain wall, have risen more than 30 percent nationwide in the past 18 months, and shortages could continue well into next year, the Wall Street Journal reported.

“Nowadays, the glass guys are dictating the timetables of a project to us, instead of the other way around,” Ralph Esposito of Lend Lease Corp. told the Journal.

Producing curtain wall is a costly and complicated process. Many manufacturers closed or curtailed their operations during the 2008-2009 slowdown in new building, and many of those have not sped up quickly enough to keep up with today’s booming demand.

The price glass accounts for roughly a fourth of construction budgets, according to Brett Atkinson of Moss & Associates.

The Related Cos., which requires 3,000 panel of curtain for its Hudson Yards redevelopment, according to CEO Bruce Beal Jr, has even entered the glass manufacturing business itself to better control its supply, opening New Hudson Façades along with M. Cohen & Sons, in Linwood, Pennsylvania. [WSJ]Ariel Stulberg

 

Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

The Observation Deck at Hudson Yards (Credit: Adam Pogoff)

Views from 1,100 feet: A tour of Related’s “the edge,” the tallest outdoor observation deck in the Western Hemisphere

Facebook CEO Mark Zuckerberg and Hudson Yards (Credit: Getty Images and Wikipedia)

Facebook close to finalizing Hudson Yards office deal: report

A street view and rendering of 251 West 14th Street (Credit: Google Maps, Pizzarotti)

Lawsuits, liens pile up for developer of stalled Chelsea project

The total market value of all properties in New York City was at about $1.4 trillion (Credit: iStock)

Market value of NYC real estate went up at slowest rate in years

Researchers and their “living concrete”

How “Living concrete” could revolutionize building construction on earth, and in space

Charney Construction and Development's Sam Charney and 45-03 23rd Street in Long Island City (Credit: Charney Construction, Google Maps)

Charney Construction & Development branches out

Related Chairman Stephen Ross (Credit: Getty Images, Wikipedia)

Related drops 700-foot-long “wall” from Hudson Yards plan

arrow_forward_ios
Loading...