|
A Look at the Region’s Top 21 Big-Ticket Construction Starts
from Last Year
2008 was a strange year for the construction industry
in the tri-state region.
What had been a monster 2007 closed with warning signs ahead following the subprime mess that started to accelerate the overall financial meltdown in the fall of that year. Seemingly overnight, what had been a long, sustained boom for regional building came to a screeching halt. Plans were scaled back or scrapped altogether. Projects that had been going gangbusters slowed. Vacant, former construction sites began appearing with greater regularity in New York City and North Jersey.
The good news is that more projects totaling $500 million or above broke ground in 2008 than in 2007, which had been the biggest year the region has ever had in that regard. The bad news is that many of those projects are either on hold, in limbo or suspended indefinitely.
Even so, every June New York Construction compiles its annual list of Top Starts, which are ranked by project cost. Needless to say, this year, it was a challenge finding not only suitable projects that were still going strong, but also owners willing to discuss their projects with us. [see Editor’s note].
What follows are our, admittedly, scaled-back rankings for the Top Starts of 2008.
Top Projects
1) World Trade Center Tower 4
2) United Nations Headquarters
3) Catskill and Delaware Ultraviolet Light Disinfection Facility
4) 99 Church Street
5) Capital Health System Replacement Hospital
6) Gowanus Expressway Rehabilitation
7) Battery Park City Sites 23/24
8) M29 Transmission Feeder Line
9) University Medical Center of Princeton at Plainsboro
10) 328 West 38th Street
11) Virtua West Jersey Hospital
12) Boricua Village
12) Katz Women’s Hospital
12) York Hill Campus Expansion
13) The Amsterdam at Harborside
14) Port New Jersey Channel Deepening
15) 360 State Street
16) Harold Interlocking Structures Phase I
17) Pearl Harbor Memorial Bridge (Phase I)
18) Campbell Soup Headquarters Expansion
19) 55 Battery Place, PS/IS 276
|
print this page
e-mail this page
