« Forest City in the News | Main | Atlantic Yards Developer Tries to Stiff MTA – Again »
May 29, 2009
Savings on Labor Allow Work on Residential Skyscraper to Resume
The New York Times
by Charles V. Bagli
The Beekman is back!
Two months ago, work stopped abruptly at the 37th floor of the 76-story Beekman Tower as the developer Bruce C. Ratner desperately sought to cut costs on the project, a glass and stainless steel apartment building in Lower Manhattan.
Just as abruptly, work resumed this week on the tower, which will be the architect Frank Gehry’s first skyscraper and the tallest residential building in the city.
The developer, who had threatened to cap the building at 40 stories, said he was able to retain Mr. Gehry’s distinctive wavy-wall design and the tower’s full height, while paring labor expenses and taking advantage of falling prices for construction materials and appliances for the tower’s 900 apartments.
Posted by eric at May 29, 2009 7:50 PM