Hundreds of construction workers and principals of owner/developer Related Companies and construction manager Tishman Construction Corporation today celebrated the topping out of 440 West 42nd Street, as the final bucket of concrete was lifted to the roof, where it became part of the building’s structure. The project is a new, $800-million, 60-story mixed-use complex designed by Arquitectonica and Ismael Leyva Architects. It will contain more than 800 units of rental and for-sale residences, including 163 affordable units, and Manhattan’s first Yotel hotel. It will also house the Signature Center, an off-Broadway theater complex designed by Frank Gehry.
“We are delighted to celebrate this important milestone in the project’s history and in the development of Midtown's West Side,” said Bruce A. Beal, Jr., Executive Vice President of Related Companies. “This mixed-used complex continues Related’s long-standing commitment to affordable housing and sustainability by pursuing a LEED-Silver rating and integrating various energy-saving measures. It will also incorporate the Signature Center, a world-class performing arts center that will enhance existing amenities and attract additional cultural institutions to the neighborhood.”
“Tishman Construction is pleased to be part of Related’s team, helping to realize one of the largest mixed-use projects in the City,” said Peter A. Marchetto, President of Construction Operations for Tishman. “As a leading builder of LEED-certified projects, we’re committed to meeting our client’s sustainability expectations and we’re proud yet again to be part of a signature project that is leading the transformation of another neighborhood in New York City.”
Related Companies (www.related.com) is a leading U.S. developer with experience in virtually every aspect of development, acquisitions, management, finance, fund management, marketing and sales. Tishman Construction (www.tishman.com) is one of the nation’s largest and most respected builders, providing pre-construction and construction services to a wide range of clients in all market sectors. Tishman has recently merged with AECOM ( www.aecom.com) , a global provider of professional technical and management support services, including transportation, facilities, environmental, energy, water and government.
