NEW YORK--(BUSINESS WIRE)--
Tutor Perini Corporation (NYSE: TPC), a leading civil and building
construction company, announced today that it has been awarded contracts
by Related Companies and Oxford Properties Group for the construction of
15 Hudson Yards (Tower D) and The Shops & Restaurants (Retail Complex)
at Hudson Yards in New York. The total construction value to be managed
by Tutor Perini for both structures is approximately $1.2 billion. The
Company’s portion of the Tower D contract was booked into backlog in the
fourth quarter of 2015 and its portion of the Retail Complex contract
will be booked into backlog in the first quarter of 2016.
15 Hudson Yards, the first residential building at Hudson Yards, will be
located at the northeast corner of 10th Avenue and 30th
Street. The 70-story, 960,000 square-foot, multi-unit residential
building will feature 391 for-sale and rental residences, onsite
amenities such as an Equinox® Fitness Club, and extensive social and
entertaining venues. The building is scheduled to open in 2018.
The Retail Complex is a 7-story, 1 million square-foot retail center
that will be home to The Shops & Restaurants at Hudson Yards and will be
anchored by Neiman Marcus’ New York City debut store among a collection
of more than 100 shops with international roots and global appeal. In
addition, a collection of restaurants will offer an assortment of the
best chef-driven eateries and an unrivaled array of international
cuisines amid stunning visual surroundings under one roof. The Retail
Complex is also scheduled to open in 2018.
Craig Shaw, Executive Vice President and CEO of Tutor Perini’s Building
Group, said, “We are proud to be working with Related and Oxford on the
Hudson Yards development, the largest privately funded development
project in U.S. history, and we are pleased to continue our work on the
newest Hudson Yards buildings currently under construction.”
About Tutor Perini Corporation
Tutor Perini Corporation is a leading civil and building construction
company offering diversified general contracting and design-build
services to private clients and public agencies throughout the world. We
have provided construction services since 1894 and have established a
strong reputation within our markets by executing large complex projects
on time and within budget while adhering to strict quality control
measures.
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Source: Tutor Perini Corporation