General contractors in the New York market are coping with various industry pressures, from a shortage of qualified labor to foggy economic and geopolitical forecasts. Those economic pressures are forcing many general contractors to make some tough choices and explore innovative alternatives.
Against that backdrop, TRD set out to determine which companies grabbed the most work for new builds and renovations in a recent 12-month period by reviewing hundreds of permit applications filed with the city’s Department of Buildings between April 1, 2018, and March 31, 2019.
Collectively, the top 20 ground-up builders received permits for 11 million square feet of work during the period, down from 16.3 million in our May 2018 analysis. The top 20 firms for interior work filed plans for $3.12 billion worth of projects, a slight drop from the $3.75 billion that TRD calculated for the prior 12 months.
Turner Construction took the top spot with 3.1 million square feet of projects in the works. Its rise in the ground-up construction ranks came as several of the previous list’s top firms — AECOM Tishman, New Line Structures & Development, Gilbane Building Company and Omnibuild — cleared their plate of new permits. TRD only examined “new starts,” not projects already in the works or that changed general contractors.
|RANK||FIRM||TOTAL SQ. FT.||TOTAL NO. OF PROJECTS|
|4||Mega Contracting Group||621,220.00||7|
|8||Barr & Barr||412,031.00||1|
|12||CM & Associates||332,157.00||3|
|14||W & L Group||239,426.00||1|
|15||Prestige Construction NY||210,214.00||8|
|16||Galaxy General Contracting||196,970.00||3|
|17||Noble Construction Group||175,753.00||2|
|18||Hunter Roberts Construction Group||171,331.00||1|
|19||Pinnacle Commercial Development||166,596.00||2|
|20||DP Group General Contractors||131,546.00||4|