Archive for November, 2016

Mixed use rotating towers are set to be built in Manhattan, New York

Mixed use rotating towers are set to be built in Manhattan, New York

02/11/16

Designed by Danish architectural company Bjarke Ingels Group at a total cost of $1.9 billion, The Eleventh will comprise of two towers situated between Manhattan’s 10th and 11th avenues. Real estate investment and development firm HFZ Capital Group is also involved in the project. The towers will be home to a new Six Senses Hotel Resort […]

What we know about New York’s One Vanderbilt skyscraper

What we know about New York’s One Vanderbilt skyscraper

02/11/16

A number of skyscrapers are currently under construction within New York in order to accommodate for the increased number of residents and increase employment opportunities within the capital. The One Vanderbilt skyscraper, situated opposite the Grand Central Terminalwill complete in 2020 and become the second tallest skyscraper within New York, reaching heights of 1,301ft, with a […]

U.S. manufacturing sector expanding, but risks remain

U.S. manufacturing sector expanding, but risks remain

02/11/16

U.S. factory activity increased for a second straight month in October amid a pickup in production and hiring, supporting views that the embattled manufacturing sector would regain some momentum in the fourth quarter. The Institute for Supply Management (ISM) on Tuesday said its index of national factory activity rose 0.4 percentage point to a reading […]

New York Construction Spending to Top Record as Towers Rise

New York Construction Spending to Top Record as Towers Rise

02/11/16

New York City construction spending is expected to climb 26 percent this year to a record, driven by a surge in development of offices and residential properties, according to a local trade organization. The New York Building Congress estimates spending will reach $43.1 billion, topping $40 billion for the first time and surpassing the peak […]

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