Nov
09

NYC’s One Vanderbilt, Manhattan West Towers Snared by $76 Million Union Spat

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Two of New York’s most significant construction projects — Manhattan West, where Amazon.com Inc. will have offices, and One Vanderbilt, destined to be among the city’s tallest buildings — are both ensnared by a $76 million labor dispute.

Both projects, managed by AECOM-Tishman, have “numerous issues” due to a union problem, according to a Wednesday bankruptcy filing by one of their contractors. One Vanderbilt, currently a steel skeleton hulking over Grand Central Terminal at the corner of 42nd Street, developed with SL Green Realty, is estimated to have total construction costs of $3.17 billion…

NYC’s One Vanderbilt, Manhattan West Towers Snared by $76 Million Union Spat

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Categories : Finance

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