Tutor Perini Corporation Announces Bid Results and New Contracts Totaling $2.9 Billion
SYLMAR, Calif.--(BUSINESS WIRE)--Jul. 9, 2012-- Tutor Perini Corporation (NYSE: TPC) a leading civil and building construction company, today announced that it recently has been awarded approximately $2 billion in new work and over $890 million in pending awards. Currently, Tutor Perini is actively working to negotiate and bring the new work under formal contract over the next few months.
Tutor Perini Corporation's Building Group was recently awarded approximately $1.5 billion in new work and was listed as the low bidder on an additional $200 million in pending awards.
Tutor Perini Building Corp., formerly known as Perini Building Company, was awarded approximately $1.2 billion in new work, including:
Hudson Yards Tower C Project for Related Companies and Oxford Properties Group in New York City.Tutor Perini was retained as the contractor for the Tower C development project in Midtown Manhattan. The Tower C Project, part of the overall Hudson Yards Development Project, includes a 1.7 million square-foot office tower.
500 West 30th Street Project in New York City for Related Companies, which is developing the property with Abington Properties. The project is located in the West Chelsea neighborhood, an area that is undergoing significant revitalization. The project is adjacent to Hudson Yards and includes a 32-story tower with 386-residential rental units, retail space, and parking.
Graton Resort & Casino Project near Rohnert Park, CA for the Federated Indians of Graton Rancheria. Tutor Perini will work in conjunction with their developer, Station Casinos LLC. The project includes a 135,000 square-foot casino, an entertainment venue, high-end restaurants and the Market Place food court.
James A. Cummings, Inc. was awarded $245 million in new work, including:
$178 million for Broward County Courthouse Project in Fort Lauderdale, FL. The new facility includes a new 20-story, 741,000 square-foot civil and family courthouse that includes 45 full-size courtrooms, 12 smaller courtrooms, 18 hearing rooms, staff and support space, pedestrian bridge and improvements to east wing of the existing courthouse facility.
$30 million for Florida Atlantic University Dormitory Project located on their Boca Raton campus.
$22 million for Terminal 4 Western Expansion Project at Fort Lauderdale-Hollywood International Airport in Florida.
Roy Anderson Corp. was awarded $35 million in new work, including the THAAD Instructional Facilities project. This new facility will be constructed at Fort Sill Army depot in Lawton, OK and will include classrooms, offices, and various training related areas.
Rudolph & Sletten, Inc. was awarded $60 million in new work, including Red Bluff Courthouse in Tehama County California. This new facility will house five courtrooms and related facilities.
Tutor Perini Corporation's Civil Group was recently awarded $51 million in new work and was listed as the low bidder on approximately $525 million in pending awards. The $51 million of new work was awarded to Tutor Perini's subsidiary Lunda Construction Company. The $525 million in pending awards includes notification by two different clients that Tutor Perini is the apparent low bidder at $239 million on the San Francisco MTA Chinatown Station public transportation project in downtown San Francisco and at $235 million on the Verrazano Bridge Upper Deck Replacement in New York City.
Specialty Contractors Group
Tutor Perini Corporation's Specialty Contractors Group was recently awarded over $315 million in new work and was listed as the low bidder on over $170 million in pending awards.
Fisk Electric Company was awarded approximately $151 million in new subcontract work for several projects including the SR 99 Bored Tunnel Project in Seattle, WA; and the Graton Rancheria Casino in Rohnert Park, CA.
Desert Mechanical, Inc. was awarded $117 million in new subcontract work for several projects including the SR 99 Bored Tunnel Project in Seattle, WA; LINQ Caesars project in Las Vegas, NV and Fort Irwin Hospital in Fort Irwin, CA.
Five Star Electric Corporation, WDF, Inc., and Nagelbush Mechanical, Inc. were awarded in excess of a combined $40 million in several new subcontracts in the New York City and/or South Florida areas. In addition, Superior Gunite was awarded $11 million in new subcontracts in the eastern and western United States.
Management Services Group
Tutor Perini Corporation's Management Services Group was recently competitively awarded $94 million in new work by The U.S. Army Corps of Engineers, Middle East District, as a task-order under an existing multiple award contract.
The overall project, which is funded by the Afghan Infrastructure Program, supports the Southeast Electrical Power System initiatives in southern Afghanistan. The specific project - Helmand substations and electrical transmission lines - is a critical infrastructure project for the region and will increase the provision of electrical power from the Kajaki Dam power house on the Helmand River through the Helmand Province. It consists of the design and construction of three electrical substations and a 110kV switchyard; the repair of existing 110kV electrical transmission lines; and construction of two 20kV transmission lines.
About Tutor Perini Corporation
Tutor Perini Corporation is a leading civil and building construction company offering diversified general contracting and design/build services to private clients and public agencies throughout the world. We have provided construction services since 1894 and have established a strong reputation within our markets by executing large complex projects on time and within budget while adhering to strict quality control measures.
Tutor Perini Corporation website: http://www.tutorperini.com
Related Companies will be breaking ground on the 26-acre Hudson Yards development within the next couple of weeks, and last month, for the very first time, all of the project's designers met to talk about their respective buildings. New York Magazine's archicritic Justin Davidson got to attend the meeting, and his latest article gives a look at details of Hudson Yards' $6 billion first phase. The "city within a city" will cap the yards with an $800 million concrete roof and top it with the country's largest and densest real-estate development. Imagine something like the Time Warner Center at Columbus Circle, only five times bigger.
Breaking it down building by building >>
HUDSON YARDS TO BREAK GROUND November 14, 2012
After years of debate and delays, Hudson Yards—an ambitious plan to create a new mixed-use neighborhood from scratch over railroad tracks on Manhattan’s west side—is finally breaking ground. Excavations for the first office tower on the site, designed by Kohn Pedersen Fox Associates (KPF), which also created the master plan, will begin by the first week of December, according to a source at the Related Companies, its co-developer with Oxford Properties Group.
While much of Manhattan’s waterfront suffered serious flood damage from Hurricane Sandy, the site, which sprawls along the Hudson between Tenth and Twelfth Avenues, and West 30th and West 33rd Streets, was spared. The Long Island Rail Road (LIRR) stores its trains there, and its pumps worked when the water surged. Most of the development will be built atop a massive platform that will cover the tracks and allow trains to run even during construction. This should protect buildings from future storms, which have suddenly become a major worry. “Hudson Yards will have the benefit of learning from the mistakes of others” and incorporate the latest dewatering technologies, says Mitchell Moss, an urban planning professor at New York University.
The first tower, a 46-story, 1.7 million-square-foot building, with the luxury apparel company Coach as anchor tenant, will be at the far southeastern corner of the 26-acre Hudson Yards site. Construction of the $1 billion glass tower, which slopes westward before tapering to a point, is to be completed by 2015. Studios Architecture has designed the interiors for Coach; an entrance of the building will overhang a portion of the High Line. The entire development will include 14 acres of public open space and parks.
In addition to the Coach tower, KPF is designing a 1,300-foot high-rise. Connecting the two will be a five-story retail podium by Elkus Manfredi Architects, facing a landscaped plaza by Nelson Byrd Woltz. Also planned for the first phase: a 950-foot mixed-use tower with a hotel, condos, and shops, by SOM. Plus, Diller Scofidio + Renfro, along with the Rockwell Group, are designing a “culture shed,” a five-story moveable structure that abuts an 825-foot apartment tower that the team has also designed. The shed can roll out, like a trundle bed, to create a 55,000-square-foot performance and exhibition space.
A half-dozen structures, not yet designed, are planned for a second phase on the western side of the site. The total project, whose cost is $15 billion, isn’t expected to be completed for a decade. “This has to be the most exciting thing I’ve ever worked on,” says Bill Pedersen, 74, the lead design architect and a KPF founder.
The official start of the project caps a controversial history, from 2002 when New York Mayor Michael Bloomberg proposed building a sports stadium at the Hudson Yards site, to the city’s mega-density rezoning of the former industrial area in 2005. In 2008, the Metropolitan Transportation Authority, which controls the site, chose Related Companies’ plan over four competing proposals. The city has also extended a subway line to serve the new neighborhood; it’s set to open in 2014.
Kohn Pedersen Fox Associates;
Diller Scofidio + Renfro;
Skidmore Owings and Merrill;
Nelson Byrd Woltz;
Elkus Manfredi Architects;
New York City;
This article has been updated at : 2012-11-15 11:19:29 EST
The Gothamist, December 4, 2012
After years and years of talk the enormous 26-acre, $15 billion, 15 building Hudson Yards project on the far west side—once meant to be the centerpiece for a new Jets stadium—broke ground today. Forget about the Atlantic Yards for a minute, because this mini-city is going to be big—and local politicians could not be more proud of themselves.
"The Hudson Yards project is a win-win: it’ll create new office and residential space and give the community a new school and open space," Manhattan Borough President Scott Stringer tweeted from the ground breaking. "Hudson Yards is happening! $15bil construction project in midst of weakened national economy - speaks volumes abt #NYC attractiveness," City Council Speaker Christine Quinn added. Even MTA CEO and the Post's favorite non-Mayoral candidate was happy today, reportedly trying to take some of the credit for the project (the site should make the MTA a cool billion).
And Mayor Bloomberg? Oh he could not have been happier that this project, which has been on the table for much of his time in office, is finally moving. He calls it "the future of New York." According to hizzoner the "site’s 26 acres will make it Manhattan’s largest undeveloped property now becoming a developed property. In fact, it is one of the largest private developments ever under taken in the country." No pressure, developer Related Companies!
So what to expect of this mini-city soon to rise between 10th and 12th Avenues and West 30th and 33th Streets? Well, the first phase alone is expected to include four mixed-use buildings with commercial, retail and residential space, as well as a cultural center and a luxury hotel. Coming on its heels will be a refurbished riverfront park, a 5-acre plaza "with a sculpture as large as Lady Liberty," a new public school and more. Along the way the city hopes it will bring 23,000 construction jobs to the area—which is nothing to scoff at. And let's not forget about the new 7 train station!
The first major tenant for the space will be the fashion company Coach, which has already purchased 750,000 of the 1.2 million square feet of the first office tower for an international headquarters. According to developer Related, more than 80% of that building already committed. Further the company says it "is close to signing several tenants to a another structure that will be higher than the Empire State Building."
Meanwhile, our favorite fact about the Hudson Yards project? It will, when done, have more office space than exists in all of Portland, Oregon. And maybe by the time it's finished there will actually be a demand for office space in Manhattan! Because right now, there are plenty of empty offices to go around.
Contact the author of this article or email firstname.lastname@example.org with further questions, comments or tips.
By Garth Johnston in News on December 4, 2012 2:41 PM74
This post was updated on .
Wongful Death - Pay attention ladies. The office girls with the CM's for all their rah, rah Safety is Job #1 & everyone's responsibility tag lines are just that much of the time. You always are told that Safety & Quality come first when reality dictates that it has always been schedule & cost, thus, the CM's Safety personnel miss the big picture and a man is dead due to sheer negligence on those there to protect your interests.
Of course, a meaningless $68k dollar fine by OSHA, as if that shall be a deterrant. MLB fined RGIII $10k for wearing a non-MLB approved Addidas T-Shirt & that fine is more than some contractos have received from OSHA in other wrongful deaths.
As usual, ENR'S less than stellar reporting failed to disclose who from the CM & GC was fired for failing to do their damn jobs. That needs to change.
Key WTC manager heads for Hudson Yards
Philippe Visser is leaving his post at the Port Authority of New York and New Jersey, where he has been working to redevelop the World Trade Center site, to help manage a competing real estate development, Hudson Yards.
By Daniel Geiger
September 17, 2013 1:53 p.m.
Philippe Visser, who served as a key figure in the Port Authority of New York and New Jersey's efforts to hammer out the financial terms and construction deadlines for the over $20 billion World Trade Center redevelopment for the past four and a half years, is leaving to partake in the construction of that site's arch-rival.
Mr. Visser is joining The Related Cos., several sources say, to help oversee its $18 billion Hudson Yards project. Mr. Visser will initially focus on a huge 2.4 million-square-foot tower on the north end of that 33-acre site, which is expected to be anchored by Time Warner. The discussions for that deal are not yet done, and Mr. Visser, who is known as a savvy deal negotiator, may play a role in how that transaction is arranged. He will also head up leasing discussions for the roughly 1.2 million square feet that will remain empty in the tower after the Time Warner lease.
Mr. Visser served as the director of World Trade Center redevelopment at the Port Authority since January 2011, and for two years before that he worked as a deputy under former director Richard Gladstone (Mr. Gladstone was promoted to oversee other projects in the Port Authority’s portfolio in 2011 and remains at the agency). The two worked together to hammer out the business terms and construction timelines for the site’s most challenging projects, including the development of the memorial, the transit hub and 1 World Trade Center. Mr. Visser was also involved in arranging a tense deal with Silverstein Properties in 2010 to end an impasse between the Port Authority and the developer on the east side of the WTC site where Silverstein has plans to build three office towers.
The talks allowed Silverstein to build 4 World Trade Center and 3 World Trade Center, which, with an anchor tenant rumored now to be in hand, Silverstein can construct with government financial backing per the arrangement struck by Mr. Visser. That deal benefited the Port Authority by allowing it to proceed on the construction of the site's transit hub.
Mr. Visser was also a lead executive for the Port Authority in its landmark deal to bring Condé Nast into 1.1 million square feet at 1 World Trade Center two years ago.
"Philippe has extensive experience with large-scale commercial real estate projects and a proven track-record of delivering complex developments," said Jay Cross, president of Related Hudson Yards, in a statement.
Mr. Visser says that with the WTC site's construction coming to a close, it was time for him to move on. "With 1 World Trade Center opening next year with anchor tenant Condé Nast, and the retail complex and transportation hub on track for 2015, the vision of the Port Authority is well on its way to reality," he said, in a statement. "I can now look forward to my next challenge."
Before joining the Port Authority, Mr. Visser already enjoyed a decorated real estate career. He worked at Tishman Speyer for five years and at Vornado and Forest City Ratner before that, giving him experience at three of the city's biggest and most successful real estate investment and development companies.
Correction: Philippe Visser served as director of the Port Authority of New York and New Jersey's World Trade Center redevelopment starting in January 2011. The timing of his leadership there was misstated in an earlier version of this article, published Sept. 17, 2013.
N.Y.C. Mayor Rides Subway to Station He Helped Build
Associated Press/AP Online Text size: AA
By DAVID B. CARUSO
NEW YORK - Now in his final days in office, New York City Mayor Michael Bloomberg celebrated his administration's work to redevelop Manhattan's far west side by riding a train Friday to an unfinished subway stop that will soon allow people to get to a forest of skyscrapers under construction near the Hudson River.
The station, at 34th Street and 11th Avenue, isn't scheduled to open to the public until next fall. But it is operational enough that Bloomberg was able to take a No. 7 train to the new platform from Times Square.
The extension cost $2.4 billion and adds just one extra stop to the No. 7 line, which originates in Queens, but Bloomberg said it will be well worth the hefty price tag.
"This is something we should all be proud of," the mayor said after arriving on the platform. He noted that the two giant machines that carved the new tunnel had been named after his daughters.
"It's going to be a great way for them to get to an exciting new part of Manhattan," he said.
Originally, Bloomberg had hoped that the subway would lead to a sports stadium that would host the 2012 summer Olympics. That arena was never built and the games were awarded to London, but the mayor's fallback vision for the site, dubbed Hudson Yards, is taking shape now.
About 14 million square feet of office buildings, apartment towers and hotels are planned or under construction in an area once dominated by a rail yard, blocks of industrial buildings and an isolated convention center. Close to 9,000 apartments are expected to be built in the next five years. Officials said 40,000 to 50,000 people may ultimately work in the new buildings.
The station will also sit near the northern terminus of the High Line, a former elevated rail line that is now a public park, and which has become a popular tourist destination.
"The subway makes it all happen," said Stephen Ross, chairman of Related Companies, the real estate firm at the center of the development project.
Construction on the No. 7 line extension began in 2007. Bloomberg said it was scheduled to be completed "basically on budget and on time."
A construction worker, Michael Simermeyer, of Burlington, N.J., died in a crane accident on the project last year.
The new station will save visitors to the area a half-mile walk from the next closest subway stop.
New York’s Hudson Yards Starts Next Phase as Deck Begins By David M. Levitt Mar 19, 2014 12:16 PM CT
0 Comments Email Print
Source: The Related Companies via Bloomberg
A rendering of the first phase of Hudson Yards on the West Side of Manhattan in New... Read More
Hudson Yards, the $20 billion Related Cos. development on Manhattan’s far west side, is taking a key step forward as work begins on a platform over the area’s rail depot designed to support three skyscrapers.
Related completed an agreement this week to finance the deck, including a $250 million loan from Deutsche Bank AG (DBK), according to a person with knowledge of the negotiations, who asked not to be named because the deal isn’t public. Building the 37,000-ton platform enables the start of almost 6 million square feet (560,000 square meters) of construction on the eastern half of the 26-acre (11-hectare) yards, said Stephen Ross, the New York-based developer’s chairman and founder.
“The whole eastern yards will be under construction this year,” Ross, who declined to comment on the specifics of the financing, said in a telephone interview. “We’ve been talking to investors. We have global partners, both domestically and internationally. The interest in this job has been unbelievable. We feel very, very confident.”
Hudson Yards, at a planned 17 million square feet, is the biggest private real estate development in U.S. history, according to Related. The company is seeking to transform a largely industrial section between 30th and 34th streets into a business center and residential enclave. The project requires building a platform over where 30 railroad tracks converge into four in an area west of 10th Avenue that feeds trains into and out of Pennsylvania Station.
Source: Related Companies via Bloomberg
Hudson Yards, at a planned 17 million square feet, is the biggest private real estate... Read More
In addition to the Deutsche Bank loan, the $700 million deck is being financed with equity from Related and its partner in the project, Toronto-based Oxford Properties Group; Time Warner Inc. (TWX), its lead occupant; plus funding from the U.S. government’s EB-5 program, according to the person with knowledge of the arrangement. That program allows immigrants to live in the country if they fund a job-creating investment.
Oksana Poltavets, a Deutsche Bank spokeswoman, declined to comment on the loan. Keith Cocozza, a spokesman for Time Warner, confirmed the company’s participation in the financing in an e-mail. A call made after business hours yesterday to Claire McIntyre, an Oxford spokeswoman, wasn’t returned.
The drilling of more than 250 caissons -- concrete-filled footings hammered into the bedrock below the yards -- starts this week. They will support a platform strong enough to hold up skyscrapers while leaving clearance for the trains to move as they have since the early 1980s, when the yard was built.
Photographer: Spencer Platt/Getty Images
Construction continues at the Hudson Yards Redevelopment Project, which is developing... Read More
The undertaking is comparable to the deck the New York Central Railroad built over its tracks north of the original Grand Central Terminal in the early 20th Century, said Robert A.M. Stern, dean of the Yale School of Architecture, and co-author of a series of reference books on New York’s development history.
“The principle that you can take this blighting yard, and make it more or less go away, is fantastic,” said Stern, who designed an apartment house for Related that’s nearing completion just south of the yards. “It seems every hundred years or so we are able to grow the city without disrupting anything and improve the environment.”
The project is the biggest bet on New York yet by Related, which was formed by Ross in 1972 and developed buildings including the Time Warner Center. Ross, 73, has a net worth of about $5.3 billion, according to the Bloomberg Billionaires Index, and is also the owner of the Miami Dolphins.
By the end of 2018, if all goes according to plan, the eastern yards site will boast 4.3 million square feet of offices in four towers; a 1 million-square-foot retail complex; a 1.1 million-square-foot building that will combine stores, apartments and a hotel; and a 960,000-square-foot residential property. It will also include a public square built around a monumental sculpture designed by British artist Thomas Heatherwick, and a multipurpose venue with gallery and performance space designed to host events such as New York Fashion Week, called the “culture shed.”
Two more skyscrapers, totaling 3.6 million square feet of offices, are slated to go up on the block just north of the yards, which will be integrated into the development.
The challenge of building such a large-scale project years in development will be overseeing it through the economic cycles that may affect office, retail and residential demand before the buildings are completed, said Christopher Jones, vice president of research for the Regional Plan Association, a New York-based urban planning organization.
“Any time you have a project of this size and this complexity, you really are keeping your fingers crossed that the business cycle is going to help you,” Jones said. “Right now it looks like the New York City economy is doing pretty well. There’s not a national recession on the horizon, that most people are predicting at the moment, but that can always change.”
The first eastern yards skyscraper, a 1.7 million-square-foot tower known as 10 Hudson Yards, is already more than 100 feet (30 meters) above the sidewalk, on its way to 895 feet. The 52-story building, currently about 85 percent leased, will house the headquarters of luxury-goods maker Coach Inc. (COH), as well as offices of L’Oreal USA and SAP AG.
That building had the advantage of being built on solid ground just south of the network of converging rails, in an area known as the “throat.” Those tracks connect by tunnel to Penn Station, the busiest U.S. commuter rail hub. The yard is a staging area for the Long Island Rail Road and is owned by New York’s Metropolitan Transportation Authority, which agreed to lease the site to Related and its partners for $1.05 billion in 2008.
The MTA is “enormously gratified by the progress they are making,” Aaron Donovan, a spokesman, said in an e-mail. He said it expects the platform project to have “minimal to no” impact on Long Island Railroad commuters and train schedules. Related has paid the railroad $10 million to prepare the Long Island yard near the former Shea Stadium site in Queens to store displaced trains, the company said.
The tallest of the 16 buildings planned for the entire 28-acre site is the 1,227-foot 30 Hudson Yards, almost half of which will be occupied by Time Warner for its headquarters. It will go almost directly over the throat of the yards.
Because of the importance of the spot to rail operations, and the need to avoid utility lines below, no footings can be drilled at the throat, so it will be spanned by an elaborate web of steel trusses, with beams as heavy as two tons per square foot. It will take two cranes to lift them, said James White, a Related senior vice president and a 30-year construction veteran who’s steering the building of the deck.
A system of 15 large-span trusses, which are reinforced horizontal beams, will be designed to transfer the weight of 30 Hudson Yards to caissons buried 60 to 80 feet into the schist on either side of the throat, White said.
He was recruited to Related from Brookfield Office Properties Inc., where he designed a deck that is now under construction over a rail trench just east of the yards for its 7 million-square-foot Manhattan West development. The two projects are in competition with one another for office and residential occupants.
The MTA requires that the rail yards remain operational during the entire two years it will take to complete the Hudson Yards deck. Limited track outages will be permitted, and the decking over of the throat area will be done entirely during 37 52-hour weekend outages of two of the four connecting tracks, said Ronald Wackrow, a Related executive vice president who is overseeing the engineering of the project.
“Our workweek for those 37 weekends will start late Friday night and go straight through to early Sunday morning,” or 52 straight hours “of just continuous shift work,” Wackrow said. After construction stops for the weekend, every piece of equipment must be removed so trains can operate Monday morning.
Amtrak is also in the process of building a tunnel across the yards to accommodate a possible future expansion of service across the Hudson River. It will be completed in October, Wackrow said, just in time for the platform to go over it.
Revenue generated by Hudson Yards is supposed to help defray the cost of the improvements made to the area funded by taxpayers. Due to delays in the project’s original time frame, the city has covered debt payments on the $3 billion of bonds used mainly to build an extension of the No. 7 subway line, which will serve the site and other developments beyond, said Doug Turetsky, spokesman for New York’s Independent Budget Office, a nonpartisan fiscal watchdog funded by the city.
Hudson Yards has received about $510 million of property tax benefits, according to the city Industrial Development Agency.
James Parrott, chief economist of Fiscal Policy Institute, a nonprofit research organization that generally opposes public subsidies for private development, said it is “a very positive step that things have gotten this far.”
The platform “brings closer the time when ‘pilot’ payments will be received by the city,” he said, referring to payments in lieu of taxes which the development will generate once it starts producing revenue.
“You’ve got major companies with deep pockets doing this,” said John McIlwain, a New York-based senior resident fellow at the Urban Land Institute in Washington. “There’s no question anything of this size is a gamble, but it’s a well-thought-out gamble.”
To contact the reporter on this story: David M. Levitt in New York at email@example.com
To contact the editors responsible for this story: Kara Wetzel at firstname.lastname@example.org
Daniel Taub j t Facebook
j a Twitter
j s Google+
j r LinkedIn
10 Hudson Yards Gets Glassy
Hotel Trades Council Medical Building Coming to Downtown Brooklyn, 620 Fulton Street
Tutor Perini Joint Venture Prevails In Court Decision Regarding The Central Artery Project
SYLMAR, Calif.--(BUSINESS WIRE)-- Tutor Perini Corporation (NYSE: TPC), a leading civil and building construction company, today announced that its Perini-Kiewit-Cashman (PKC) Joint Venture recently prevailed in a court decision in its long-standing dispute with the Massachusetts Department of Transportation (MassDOT) regarding the Central Artery/Tunnel Project in Boston. Tutor Perini is the managing partner in the joint venture with a 56% interest.
The dispute is related to a series of claims for additional contract time and compensation against MassDOT for work performed by PKC on a portion of the Central Artery/Tunnel Project. During construction, MassDOT ordered PKC to perform changes to the work and issued related direct cost changes, excluding time delay and inefficiency costs. A three-member Dispute Resolution Board (DRB) issued several awards and interim decisions in favor of PKC’s claims. MassDOT had sought and was successful in having the DRB’s binding awards vacated under the premise that the DRB exceeded its authority.
The decision this week, issued by Superior Court Justice Thomas P. Billings, affirmed the DRB’s role as the binding arbitrator. In issuing its decision, the court ruled that each of the claims at issue for the Third and Fourth DRB panels are, in fact, subject to the binding dispute resolution process, and the DRB’s awards on these claims are reinstated.
Commenting on the decision, Tutor Perini’s CEO, Ronald N. Tutor, said, “The Joint Venture is extremely pleased with the judge’s decision on the C11 case involving the Central Artery that has been ongoing in excess of 15 years. The Dispute Review Boards’ decisions and awards, including accrued interest to date, exceed $80,000,000 as the amount due currently to our Joint Venture. This still leaves substantial additional non-binding DRB awards to be either adjudicated or resolved between the parties. This decision certainly vindicates our position and the vigor with which we pursued this litigation over all these years.”
About Tutor Perini Corporation
Tutor Perini Corporation is a leading civil and building construction company offering diversified general contracting and design-build services to private clients and public agencies throughout the world. We have provided construction services since 1894 and have established a strong reputation within our markets by executing large complex projects on time and within budget while adhering to strict quality control measures.
Tutor Perini Announces Two MTA East Side Access Contracts Valued At $844 Million
NEW YORK--(BUSINESS WIRE)-- Tutor Perini Corporation (NYSE: TPC), a leading civil and building construction company, today announced two contracts recently approved for award by the New York Metropolitan Transportation Authority (MTA) for portions of the East Side Access (ESA) project, collectively valued at approximately $844 million.
MTA Contract CM006 – Manhattan North Structures for the East Side Access Project
The Company’s subsidiary, Frontier-Kemper Constructors, was selected by the MTA as the best overall technical proposer and best value for the CM006 contract, valued at approximately $294 million. MTA Capital Construction recommended the award to Frontier-Kemper and the MTA’s Board has approved the recommendation. The Company anticipates receiving the contract award and notice to proceed in the coming weeks. The scope of work consists of fabrication and construction of the permanent structural concrete lining, interior structures, and fit-out for caverns and tunnels previously excavated by other contractors beneath and to the north of the Grand Central Terminal (GCT) in Manhattan. Five Star Electric and Superior Gunite, Tutor Perini’s specialty contracting subsidiaries, will perform certain portions of the work under this contract. Construction is expected to begin in the second quarter of 2014 and be substantially completed in 2017.
MTA Contract CS179 – Systems Facilities Package No. 1 for the East Side Access Project
Tutor Perini was selected by the MTA as the best overall technical proposer and best value for the CS179 contract, valued at approximately $550 million. MTA Capital Construction recommended the award to Tutor Perini and the MTA’s Board has approved the recommendation. The Company anticipates receiving the contract award and notice to proceed in the coming weeks. Work under this contract will be performed in the Long Island Rail Road (LIRR) GCT terminus station and the tunnels connecting Harold Interlocking, a switching station in Queens, to the GCT. Tutor Perini will be responsible for coordinating overall systems integration and for interfacing with various systems provided by other contractors. Five Star Electric, the Company’s specialty contracting subsidiary, will perform significant work under this contract. Construction is expected to begin in the second quarter of 2014 and be substantially completed in 2020.
WDF Announces Four Projects Valued At $145 Million
NEW YORK--(BUSINESS WIRE)-- Tutor Perini Corporation (NYSE: TPC), a leading civil and building construction company, today announced four new projects in New York City for its subsidiary, WDF, Inc., collectively valued at more than $145 million. WDF is a leading specialty contractor in the New York region, providing mechanical, electrical, plumbing, and fire protection systems design and construction services to government agencies and commercial clients.
CUNY John Jay College of Criminal Justice – Haaren Hall Renovation Project
Contract value: approx. $17.5 million / Owner: DASNY
Scope of work: Renovation of approximately 55,000 square feet of interior spaces and removal and replacement of 10 mechanical rooms. The project also includes the extension of two chilled water main lines from an adjacent building into Haaren Hall, and extensive mechanical, electrical, plumbing, structural, and architectural work. Construction started in the fourth quarter of 2013. The contract value will be included in the Company’s reported fourth quarter 2013 backlog.
Carbon Addition Facilities at Various Wastewater Treatment Plants
Contract value: approx. $74.3 million / Owner: New York City Dept. of Environmental Protection
Scope of work: Erection of new steel and concrete carbon facilities and major renovation/conversion of two existing buildings into new carbon facilities. Construction is expected to start in the second quarter of 2014. The Company expects to book the contract into backlog in the first quarter of 2014.
New York State Court Officers Training Academy Building Renovation Project
Contract value: approx. $31.2 million / Owner: DASNY
Scope of work: Renovation of three existing buildings in the Prospect Heights section of Brooklyn to create a training academy for the New York State Court Officers. Construction is expected to start in the first quarter of 2014. The contract is pending approval by the New York State Comptroller’s Office, and the Company expects to book the contract into backlog in the first quarter of 2014.
NYU Langone Medical Center – Kimmel Pavilion HVAC Project
Contract value: approx. $22.6 million / Construction Manager: Turner Construction Co.
Scope of work: Installation of new heating, cooling, and fuel oil systems. Construction is expected to start in the first quarter of 2014. The Company expects to book the contract into backlog in the first quarter of 2014.
Guess the historian has changed names again
The City's Tallest Building at Hudson Yards
The real estate industry sat wide-eyed in anticipation of the ruling by the Council on Tall Buildings and Urban Habitat in November that officially named 1 World Trade Center the tallest building in the Western Hemisphere, beating out Chicago’s Willis Tower.
But in the not too distant future the gleaming new tower could have competition in its own backyard – Hudson Yards, that is – as Massey Knakal is exclusively marketing the sale of a development site that it believes could spawn what the firm has dubbed “The Hudson Spire,” an 1,800-foot-tall super-skyscraper.
A rendering of “The Hudson Spire,” courtesy of MJM+A Architects
A rendering of “The Hudson Spire,” courtesy of MJM+A Architects
“The interest has been overwhelming,” Bob Knakal, the firm’s chairman, said. “We’ve had more confidentiality agreements in two days than I can ever remember.”
The Rosenthal real estate family recently hired Mr. Knakal and colleague James Nelson to market a parcel at 435 Tenth Avenue, which runs block-through from 501-507 West 34th Street to 510-528 West 35th Street.
In turn Mr. Knakal’s firm hired MJM+A Architects PLLC to assess the parcel, determining that the 37,026-square-foot site could yield a 100-story, 1,800-foot-tall tower that would propel New York City out of the Western Hemisphere and into the global discussion among the “supertall,” with an accompanying rendering depicting a building that utterly dominates the Western skyline. In a prepared statement the architecture firm’s founder, Michael Macaluso, called the site “a commission an architect dreams of.”
But is the Hudson Spire in fact just a pipe dream, or is it in the pipeline? Mr. Knakal said all he needs is a developer looking to cash in on the excitement, if not near-hysteria, that’s emanating from the West Side.
The premier project in NYC for years to come. Opportunities are plentiful for every aspect of our craft. If you are not ready; upgrade your skillset(s), resumes & attitudes. Those competent & qualified to take lead roles as foreman or superintendents shall be rewarded. No time like the present to act & remember, no whining in the carpenters union. Get to work, do your job. Half assed workers & bad attitudes, drunks & drug addicts need not apply!
Progress Report: Hudson Yards
Courtesy of Related, Oxford & Mitsui
Months of rumors were confirmed on Jan. 21, when Mitsui Fudosan American announced they had partnered with Related and Oxford on full capitalization of 55 Hudson Yards, and commenced groundbreaking. The building is positioned at 33rd St. and 11th Ave., where the High Line meets Hudson Park & Boulevard and the new No. 7 subway extension.
BY WINNIE McCROY | The West Side of New York City is in the midst of being transformed. Construction is well underway on Hudson Yards — the largest private real estate development in the history of the United States and the source of a new neighborhood situated between Chelsea and Hell’s Kitchen. Once completed, the site will be home to more than 17 million square feet of newly created space, including a public school and a much-anticipated cultural facility. Here’s an update on New York City’s largest project since Rockefeller Center.
“In four short years, Manhattan’s West Side will be forever changed with the completion of new development [at the Eastern Rail Yards] that will include residences, a dynamic shopping and dining experience, and unique cultural space and state-of-the-art offices for Coach Inc., L’Oreal USA, SAP and Time Warner, Inc.,” said Stephen M. Ross, Chairman of Related Companies, the developer. “With the first tower well underway and the [upcoming] No. 7 subway, Hudson Park & Boulevard and the last segment of the High Line, we are thrilled to kick off construction on the platform and the remaining towers in the Eastern Rail Yards and see our collective vision become a reality.”
Photo by Winnie McCroy
L to R: Michael Samuelian, VP at Related Companies, Erica Maganti, Hudson Yards Creative Director and Dean Shapiro, SVP at Oxford Properties.
The entire Hudson Yards project will cover 28 acres and 17 million square feet roughly spanning from 10th Ave. to the West Side Highway, and from 30th to 34th Sts. Although construction has already begun on the southeastern side, completing the project requires two “platforms” built over 30 active Long Island Rail Road tracks, three subsurface Amtrak and New Jersey Transit rail tunnels, and the Gateway tunnel.
Tutor Perini is General Contractor for the Hudson Yards, with Thornton Tomasettti as the platform’s structure engineer. In March 2014, they began drilling some of the 300 necessary caissons into the bedrock, between existing railroad tracks, for the Eastern Rail Yard platform. All trains will remain operational for the duration. The platform for the Eastern Rail Yard will be finished by October 2015. Both platforms should be completed by 2016.
“Like anything else, construction projects go through boom and bust times, depending on the economy,” said Related Vice-President Michael Samuelian. “Right now, we are in a boom time, so we’re trying to get as much building done as possible.”
Photo by Scott Stiffler
The recently opened final section of the High Line connects pedestrians to 10 Hudson Yards (seen here, under construction).
COMMERCIAL AND OFFICE PROPERTIES
Hudson Yards will feature several large commercial and office properties. Currently under construction is 10 Hudson Yards, a 1.7 million-square-foot office tower at the northwest corner of 30th St. and 10th Ave. Samuelian said that the property is currently at about 27 stories. When completed, it will be 52 stories and 895 feet tall.
The building was designed by Kohn Pederson Fox Associates (KPF), and will exceed LEED Gold standards. It will be home to anchor tenant Coach Inc., plus L’Oréal USA and SAP. There will be a Fairway Market on the ground floor. The building will be connected directly to the High Line and the public plaza, and tower bridges will create a dramatic, 60-foot public passageway through the building.
Adjacent to this is The Shops and Restaurants at Hudson Yards, a one million square-foot retail center featuring 100 shops, restaurants, and the “Kitchens,” a new concept in casual dining. The building is designed by Elkus Manfredi Architects, and will connect to the six-acre public plaza and the No. 7 subway station.
In September, Related and Oxford Properties Group announced that Neiman Marcus had signed on as their anchor tenant with a 250,000-square-foot, three-level store — its first in New York City.
“Hudson Yards presents the ideal location for a Neiman Marcus store,” said Neiman’s President and CEO Karen Katz in a statement. “[We are] well-known to New Yorkers through our landmark Bergdorf Goodman store…and we are excited to establish a flagship NM store in one of the world’s premier shopping destinations.”
Next to this, at the southwest corner of 33rd St. and 10th Ave., will be 30 Hudson Yards, a 2.6-million-square-foot commercial tower designed by KPF. At 92 stories and 1,284 feet, it will be the fourth-tallest building in New York City — with the highest outdoor observation deck the Big Apple has ever seen.
In January, Time Warner Inc. sold their 1.1 million-square-feet offices in the Time Warner Center in Columbus Circle to Related for $1.3 billion, and announced plans to relocate to 30 Hudson Yards. They will continue to lease their current offices from Related until construction is completed.
“By consolidating our space to Hudson Yards we will be able to reallocate substantial savings to our primary business of creating and sharing great storytelling in television, film, and journalism with audiences around the world,” said Time Warner Chairman and CEO Jeff Bewkes in a statement.
Directly to the north is 50 Hudson Yards, a 2.3 million-square-foot, 62-story commercial tower at the corner of 33rd St. and 10th Ave. reaching 1,068 feet. Plans for this building have changed, and Related has not yet announced the architect.
Not many other details are known about 50 Hudson Yards, although Related did offer JPMorgan Chase the opportunity to build it, after the company failed to meet their October 15, 2014 deadline for the tower directly west of it. After the city said they wouldn’t give Chase the $1 billion in tax break subsidies it wanted, the company reportedly decided to stay on the East Side.
Months of rumors were confirmed on January 21, when Mitsui Fudosan American, the U.S. operations of Japan’s largest real estate company, announced they had partnered with Related and Oxford on full capitalization of 55 Hudson Yards, and commenced groundbreaking on the trophy office tower. The building is advantageously positioned at 33rd St. and 11th Ave., where the High Line meets Hudson Park & Boulevard and the new No. 7 subway extension. It will be one of the few office buildings in the entire city that opens directly onto a park.
“We are pleased to partner with Related Companies and Oxford Properties Group on 55 Hudson Yards which we consider a new trophy property in the Mitsui Fudosan U.S. and global portfolios,” said Yukio Yoshida, President and CEO of MFA. “Related and Oxford are experienced developers with a proven track record for delivering world class projects, making them ideal partners. Hudson Yards is fast becoming one of the most desirable locations for top echelon tenants, offering an unparalleled modern, mixed-use environment. We are looking forward to being a central part of the success of the Hudson Yards development.”
Architect Kevin Roche teamed up with KPF to design 55 Hudson Yards, which will be a 51-story, 1.3 million-square-foot office building reaching 780 feet tall, with construction to be completed and ready for tenant fit-out by early 2018.
“The office space at Hudson Yards has already attracted some of the best brands in fashion, beauty, media, and technology. When 10 Hudson Yards is completed next year it will be home to Coach Inc., L’Oreal USA and SAP,” said Samuelian. “In 2018, Time Warner Inc. will move its corporate headquarters to 30 Hudson Yards. And when the retail center opens, you will experience the best of New York and the best from around the world, including New York’s first Neiman Marcus. These commitments help prove that Hudson Yards will be the new heart of New York, a center of culture, commerce, and community.”
Courtesy of Related, Oxford & Mitsui
Construction has just begun on 55 Hudson Yards, which will be one of the few office buildings in the entire city that opens directly onto a park.
A neighborhood is only as good as the people who live there, and Hudson Yards hasn’t overlooked residential property in its plans, making sure that people can reside where they work. As a Chelsea resident, Samuelian said, “I personally am looking forward to walking along the High Line from my Chelsea apartment to Related’s new office at Hudson Yards. There won’t be a better commute in the world.”
Currently under construction is 15 Hudson Yards, the residential tower at the northeast corner of 30th St. and 11th Ave., set to reach 70 stories and stand 910 feet tall. Construction teams began drilling in the caissons for this project in December 2014.
The tower is designed by Diller Scofidio + Renfro and Rockwell Group, in collaboration with Ismael Leyva Architects. It is notable for its tapered design, and will feature 385 residences for rent/sale, with 80/20 affordable housing included.
Residents will have access to an Equinox fitness center, a concierge, an on-site garage with valet, and pet-friendly services. Fifteen Hudson Yards will be adjacent to the High Line and connected to the Culture Shed, an indoor/outdoor performance space.
Across the Public Square at W. 33rd St. and 11th Ave. is another mixed-use/residential tower, 35 Hudson Yards, designed by architect David Childs/Skidmore, Owings & Merrill. It will soar to 1,000 feet with 79 stories, and feature 100 for-sale residences.
Residents will enjoy hotel-style amenities, thanks to the 175-room luxury hotel, plus a world-class, 75,000-square-foot fitness club, offices and ground-floor retail space. Construction will begin soon, with a finish goal of 2018.
Related Companies has several other residential properties already available at the northeast corner of W. 29th St. and 10th Ave., including the luxury residential Abingdon Houses, a 32-story residential tower designed by Robert A. M. Stern. In addition, famed architect Zaha Hadid has teamed up with Related to make her New York City debut, a 37-unit, 11-story residential building at 520 W. 28th St., just a stone’s throw from the High Line and inspired by its design. Those interested in living in or near Hudson Yards can get more information via Related’s website (related.com), and put their name on a contact list.
It is still too early to look at the residential properties of the “West Tower,” planned atop the Western Rail Yards, the 10 million acre portion of the project that won’t be completed until 2024. But Related notes that it will offer 2,000,000 square feet of office space, 4,000,000 square feet of residential, 100,000 of retail space, and a 120,000-square-foot K-8 public school.
“Hell’s Kitchen and Chelsea are two of Manhattan’s best and fastest growing neighborhoods, and for years, they have been divided by what is essentially a 26-acre dead zone,” said Samuelian. “Hudson Yards presents us with an historic opportunity to connect these two neighborhoods by building an entirely new neighborhood from the ground up — allowing us to do a number of firsts in New York in terms of sustainability, connectivity, and resiliency.”
Photo by Scott Stiffler
From the High Line, a view of what will be 15 Hudson Yards (foreground, corner of 11th Ave & 30th St.).
PUBLIC SPACES AND THE CULTURE SHED
The construction of The High Line was the beginning of the major changes on the West Side. The public park built on the abandoned elevated freight line now runs from Gansevoort Street to the Jacob Javits Center. With more than four million annual visitors, it has stimulated $5 billion in development.
The High Line will usher guests seamlessly through 10 Hudson Yards to the Culture Shed, and the six acres of gardens and public plazas on the Eastern Rail Yards.
Connected to 15 Hudson Yards, the Culture Shed is an innovative public arts project by Diller Scofidio + Renfro in collaboration with Rockwell Group, managed by an independent non-profit cultural organization to host art, performance, film, design, food and fashion. It features a retractable canopy covered with a lightweight, transparent plastic called ETFE, less than one percent the weight of glass.
Construction is already underway on the foundation of Culture Shed, with full construction to begin in mid-2015 and be completed by 2018. On November 24, 2014, Alex Poots was announced as the new CEO and artistic director of the Culture Shed. He assumes a full-time role in September 2015.
“Culture Shed will be a purpose-built international center for artistic and cultural innovation,” said Poots. “Our goal is to support artists and creative minds to develop and evolve their practice, welcoming the widest audience. It’s an honor to accept this once-in-a-generation opportunity.
Photo by Winnie McCroy
It’s only a scale model now — but in 2018, Hudson Yards shoppers will enter the first Neiman Marcus store in NYC.
“Under Alex’s leadership, Culture Shed will bring the world’s boldest, most innovative artists and creative partners together under one roof. This incredible addition to New York City’s artistic and cultural offerings will ensure that our city continues leading and evolving,” added board member Diane von Furstenberg.
To the north of Culture Shed is Hudson Yards Public Square, an urban space for events, exhibitions, and gatherings. Designed by Nelson Byrd Woltz in collaboration with Heatherwick Studios, the southern edge of the plaza will feature a canopy of trees in its Pavilion Grove, an entry plaza at 10th Ave. and 30th St. with a fountain, and the northern edge will feature a ‘seasonally expressive’ entry garden at the new No. 7 subway extension.
The opening of this long-anticipated subway extension is now set for some time between April and July, due to ongoing problems with two incline elevators being installed in the station, as well as some kinks in the fire alarm and security system that need to be worked out, said MTA officials in December 2014.
Leading up to this is Hudson Park & Boulevard, a three-block long split of public park and roadway, with specialized areas for children’s playgrounds, benches and landscaped pathways. All of this is bookended by the Hudson River Park amenities off the West Side Highway.
Capping off the area’s cultural offerings is the new Whitney Museum, to open at the High Line’s southernmost entrance on May 1. Combined with the wealth of small art galleries for which Chelsea is renowned, it will make the area a destination for art lovers.
Related notes that Hudson Yards will be more than just a collection of tall towers and open spaces — it is a model for the modern community, with all buildings at a Gold LEED (Leadership in Energy & Environmental Design) rating. Built above the rail yards, it is flood-proof, and in the case of emergency, it possesses onsite power-generating services.
Buildings will have waste-management systems via vacuum tubes that shoot organics, recyclables and trash straight to a central terminal, converting organic matter into fertilizer and eliminating piles of trash on the curb.
Photo by Winnie McCroy
Later this year, construction begins on the indoor/outdoor arts facility, Culture Shed (set to open in 2018).
The Public Square will serve as a ventilation lid over the rail yards, and as a reservoir site for storm-water management and reuse. Buildings are connected through a micro-grid that allows for energy management in heating and cooling, and communications will be supported by a ‘future-proofed’ fiber loop, designed to allow continuous access via wired and wireless broadband.
Hudson Yards operation managers will monitor and react to traffic and pedestrian patterns, air quality, power demands, and temperature and use the data to create the most environmentally attuned neighborhood in New York City. It’s not hard to imagine that Hudson Yards could one day be the template for how cities of the future are built.
“As a native New Yorker and longtime Chelsea resident I am so proud to be a part of designing this new, vibrant neighborhood,” said Samuelian. “When it’s fully completed, Hudson Yards will bring to the West Side five new office buildings, 100 shops and restaurants, 5,000 residences, an innovative new cultural center, 14 acres of public open space, a 750-seat public school and scores of other great amenities for residents, workers, and visitors.
When you add that to the opening of the new Whitney Museum, the extension of the No. 7 subway line, and the expansive new network of parks and open spaces, including the High Line, Hudson Park & Boulevard and the ever-growing Hudson River Park, you create a truly unique destination that cannot be found anywhere else in New York City.”
For more information, visit HudsonYardsNewYork.com.
Added by admin on January 29, 2015.
Saved under Features
|Powered by Nabble||Edit this page|