New York City construction spending to hit $150B by 2019

New York City construction spending to hit $150B by 2019

03/11/17

Dive Brief: Construction spending in New York City is on track to reach $150 billion by the end of 2019, according to the New York Building Congress (NYBC). The growth represents a continuation of the building boom the city has seen during the past four years. Construction spending is expected to reach $45.3 billion by the end […]

One Vanderbilt’s steel superstructure finally rises above ground

One Vanderbilt’s steel superstructure finally rises above ground

03/11/17

The steel superstructure for what will eventually be NYC’s second tallest tower is now going up, new construction site photos by NyConstructionPhoto have revealed. Eventually this office tower will stand 1,401-feet tall, and have an observation deck located over 1,000 feet above ground—one of the highest in the city. Following a groundbreaking ceremony for the building last year, construction at the […]

WeWork's Brooklyn Navy Yard home at Dock 72 has topped out

WeWork’s Brooklyn Navy Yard home at Dock 72 has topped out

03/11/17

More than a year after construction got underway, Brooklyn Navy Yard’s massive new office building at Dock 72 has topped out. Once complete, this 17-story building will be home to creative and tech firms, most notably WeWork, which has signed on to 222,000 square feet of space at the building, and is co-developing the project along […]

Essex Crossing’s first phase nears completion as its last building tops out

Essex Crossing’s first phase nears completion as its last building tops out

03/11/17

As the Essex Crossing megaproject gears up to launch its second phase—comprising three residential and office buildings, along with retail projects like the Market Line—bits and pieces of its first phase are gunning for the finish line. Case in point: the building formerly known as site two, aka 115 Delancey Street, has now topped out. Developer Delancey Street Associates […]

New York Is At A 30-Year Peak For Office Construction

New York Is At A 30-Year Peak For Office Construction

18/10/17

New York is seeing more office buildings under construction than it has in decades, and the trend looks to accelerate in the coming years. A report from the New York Building Congress, using data from the Real Estate Board of New York, projects that 2.3M SF of office space will be completed by the end […]

SF built homes for new residents twice as fast as rest of state in 2016

SF built homes for new residents twice as fast as rest of state in 2016

18/10/17

California’s Department of Finance reported this week that the state and its major metro center continued growing in population in 2016, including to 874,288 people in San Francisco as of January 2017, a net gain of more than 9,300 for the year. The same report also says San Francisco led the way in housing construction in 2016, […]

Number of SF building permits up, but not by much

Number of SF building permits up, but not by much

18/10/17

The good news: San Francisco will issue far more building permits than usual this year. But determining whether or not that amount of entitled construction is enough depends on your expectations. Real estate site Trulia’s latest construction report took a creative approach to quantifying construction in 84 major cities and surrounding areas, comparing the projected level of […]

8 things to know about the Asian Art Museum expansion

8 things to know about the Asian Art Museum expansion

18/10/17

San Francisco’s Asian Art Museum released new details about its $90 million expansion this week. The Civic Center institution, boasting one of the most expansive Asian art collections in the world, gears up to update its historic yet confined space. Here’s what to expect for the future of the West Coast/far east culture hub: The new expansion […]

Downtown LA added 7,551 apartments in the last six years

Downtown LA added 7,551 apartments in the last six years

18/10/17

As Downtown LA’s busy skyline of cranes indicates, construction is surging in the neighborhood. Rentcafehas quantified just how many new apartments those cranes have brought. The rental data site analyzed PropertyShark and Yardi Matrix construction data in about 1,000 U.S. neighborhoods, looking at “large-scale rental buildings of 50 or more units located in the largest 30 cities in […]

Report: LA apartment construction is up 61 percent

Report: LA apartment construction is up 61 percent

18/10/17

More than 10,000 new apartments have been constructed in Los Angeles County in the past year, according to a new report from real estate firm Marcus & Millichap. That number, which includes units built between July of 2016 and June of 2017, represents a sizable 61 percent increase over the year before and is the highest […]