Archives for March 2018

More than five years after Hudson Yards got its groundbreaking, the megaproject has reached another milestone: According to developers Related Companies and Oxford Properties Group, 15 Hudson Yards, the complex’s first residential building, has topped out. The building, designed by Diller Scofidio + Renfro in collaboration with Rockwell Group, stands 917 feet tall—not quite hitting supertall status, […]

EW YORK CITY—New York has more than 60,000 units under construction and that’s the most out of any city that CoStar Group tracks. Even with the Big Apple growing at a rate of 50,000 people per year, due to construction, the vacancy rate of apartments has stayed approximately the same—never exceeding 4% or going much […]

The steel and aluminum tariffs President Trump plans to sign today will make domestic steel and aluminum mills very happy. But the potential shift in metal prices has many industries, including construction, expecting higher costs, and may also impact infrastructure spending across the nation. In a study released earlier this week, the D.C.-based Trade Partnership, an economic consulting group, projected that [...]