The $400 million renovations are expected to be completed in 2025 Plenary, which was selected by Amtrak last year to oversee the project, also will be responsible for financing all improvements made to the station. The $400 million restoration project will seek to maintain the nearly 100-year-old station’s historic vibe while making station operations more …
by Hummingbird Group
Delta variant and supply chain issues could disrupt gains The U.S. construction industry can thank residential projects for an increase in spending. Yet, the uptick may prove short-lived. U.S. construction spending rose 9 percent in July from the prior year to $1.57 trillion on a seasonally adjusted basis, according to the Commerce Department’s most recent …
by Hummingbird Group
ZL Capital said it’s begun construction on a nine-story, 51-unit residential project in Long Island City. The New York City developer said it broke ground Wednesday on the Project Athena LIC condo project at 27-20 42nd Road. Construction on the project, which will include four retail spaces, is expected to be completed in the first …
by Hummingbird Group
At the end of March, President Biden proposed a $2 trillion “physical infrastructure” plan. While there is a lot for the construction industry in this proposal, the funding comes with significant, and troubling, strings attached. Equally as challenging, the President is proposing to pay for the new investments with significant increases to the corporate tax …
by Hummingbird Group
Fire pits, lounge areas, and covered parking are the most common outdoor amenities at multifamily housing developments, according to new research from Multifamily Design+Construction. For multifamily developers, and their building teams, getting the amenities mix right could make or break the success of their multifamily housing developments. Ongoing research by BD+C‘s sister brand, Multifamily Design+Construction …
by Hummingbird Group
First, the pandemic changed the way people live and work. Then, it caused massive disruption in the supply chain, leading to a shortage of most materials like lumber, steel, pipe, etc. Now the country is facing a lack of skilled labor across many industries. This trifecta of cultural shifts has put a heavy burden on …
by Hummingbird Group
The House of Representatives on Tuesday voted on a resolution that will allow Congress to move forward on a $3.5 trillion budget crucial to President Joe Biden’s domestic agenda, as well allow for a vote on the nearly $1 trillion bipartisan infrastructure bill by Sept. 27. The passage of the rule came after a tense …
by Hummingbird Group
With a checkered history of brokering bipartisan megadeals which historically fall apart at the last minute, the U.S. Senate has managed to buck the trend and pass the $1.2 trillion Infrastructure Investment and Jobs Act with bipartisan support. The 69-30 vote saw 19 Republicans, including Leader Mitch McConnell, R-Ky., join all 50 senators in the …
by Hummingbird Group
BUILDER contributor Emily Newton explores the impact of digital engineering tools on the civil engineering and development industries. Understandably—and with the Intergovernmental Panel on Climate Change’s recent climate change report looming—many teams are looking to create sustainable engineering projects, reduce environmental impact, and vastly improve operational efficiencies. At the same time, the civil engineering and …
by Hummingbird Group
Construction’s unemployment rate dropped in July on a monthly and year-over-year basis to its lowest level in 17 months, as the industry added 11,000 jobs, the Bureau of Labor Statistics has reported. But the latest monthly BLS report on the nation’s employment picture, released on Aug. 6, also showed job losses in some parts of …
by Hummingbird Group