A hundred million dollars here, another hundred
million there — pretty soon you’re talking
about real money.
The “Economic Recovery Project Labor Agreement”
along with other collaborative efforts are saving
real money — $100 million, representing nearly
20% of construction costs — for the developers of
a visionary project at 440 W. 42nd St. in Manhattan.
Work on the 59-story glass tower will employ 700
construction workers, the members of 40 different
locals including the Cement and Concrete Workers
District Council, Local Union 731 and Local
The Related Companies owns the 1.2 million
square-foot mixed-use project, which comprises
the entire city block of 42nd Street between
10th and Dyer Avenues in mid-town Manhattan’s
Hell’s Kitchen neighborhood. Related is building it
in collaboration with Tishman Construction
Corporation, projecting completion of the concrete
superstructure this summer. Occupancy of the
residential complex — more than 800 units of luxury
rental, affordable rental and for-sale residences,
with amazing amenities and views of the Hudson
River and Times Square — will follow in 2011.
The commercial components of the project,
also slated for completion in 2011, will comprise
street level retail, a Yotel hotel, underground
parking and the Signature Center, an off-Broadway
Theatre complex designed by Frank Gehry.
Designed by Arcquitectonica and Ismael Leyva
Architects, the entire project is being built to LEED
Silver standards for energy efficiency.
Greg Gushee, Senior Vice President of Related
Companies and project manager of the 42nd Street
development said, “Collaboration has been an
ongoing theme in the evolution of this development.
For several years we worked with the community
to develop a program that would contain critical
affordable housing as well as non-profit theatres and
add even more vitality to this diverse neighborhood.
We are very pleased that through creative thinking
and a partnership with the building trades not only
is the development moving forward, creating jobs,
and ensuring that our city continues to grow, but
the process which we went through has resulted
in an even better building.”
Total development costs were originally estimated
at $900,000,000, but the “Economic Recovery
Project Labor Agreement” announced last May as
well as a comprehensive review by contractors,
trades, in-house architects, developers, consultants
and engineers, costs were able to reduced to
While this Agreement and the efforts undertaken
facilitated completion of the project, its location
near the Lincoln Tunnel outlet and the No. 7
subway line extension posed unique logistical
challenges in delivering materials to the site
and to construction itself, challenges which the
This enormous project has benefited from efficient
cooperation from the start. In December 2009 the
City of New York announced a partnership with the
Signature Theatre Company to build Signature’s
new home in the complex. The City is contributing
$25 million toward construction of the $60 million
facility comprised of three theaters, rehearsal studios,
offices, a café and bookstore.
The trades have also cooperated successfully during
construction. For example, construction of the 24th
floor slab and the pads for mechanical equipment
— including 12 large hot water heaters, seven
plate-frame heat exchangers, three large preassembled
pump units, and a large emergency generator
— took only three days.
Just as we cooperated in the development of the
PLA that is so beneficial to the affordability of this
project, we cooperate in the day-to-day work on
this project with our brothers and sisters in other
trades,” said Alex Castaldi, Business Manager
Cement and Concrete Workers District Council.
Through the project, approximately 91 members
of the three locals have been working steadily —
on time and far under the original budget.