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October 4, 2006

TOWERING RISE IN NEW BUILDING STARTS

The NY Post
By Tom Topousis

Fueled largely by a housing boom, construction across the city is hitting a record level this year, with $20.8 billion worth of new apartment buildings, office towers and public projects under way, a new study has found.
...
"Given that World Trade Center construction activity won't begin to peak until 2009 and that major development projects such as Atlantic Yards are slated to commence in that time frame as well, it is quite possible that the building boom could continue well into the next decade," said Building Congress President Richard Anderson.

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Posted by lumi at October 4, 2006 7:07 AM