LOS ANGELES--(BUSINESS WIRE)--Jun. 21, 2016--
AECOM (NYSE:ACM), a premier, fully integrated global infrastructure
firm, announced today that its Tishman Construction unit will manage
construction of One Vanderbilt, a world-class commercial office
development in Manhattan. Tishman, a legendary builder in the New York
market, will construct One Vanderbilt for New York City’s largest
commercial property owner, SL Green Realty Corp. The 1,401-foot tall
skyscraper is designed by Kohn Pedersen Fox (KPF) and located in the
heart of New York’s East Midtown business district. The project was
previously included in AECOM's backlog reported in the first quarter of
fiscal year 2016.
One Vanderbilt will stand directly adjacent to Grand Central Terminal,
which is one of the busiest rail stations in the world. The 58-story
building will include 1.6 million square feet of Class A commercial
space, a public transit hall at the base of the building connected to a
14,000 square foot public plaza, and US$220 million of public transit
improvements to the Grand Central transit hub. When One Vanderbilt is
completed, it is expected to be the second-tallest office tower in New
York City — making Tishman the builder for the two tallest office towers
in New York City, including One World Trade Center, the tallest building
in the Western Hemisphere.
“As the quintessential New York builder, we are proud that SL Green is
entrusting us to build this iconic structure that will help reshape the
skyline,” said Michael S. Burke, chairman and chief executive officer of
AECOM. “We are excited to extend our expertise in delivering the
highest-performance buildings as part of the dramatic transformation
underway in Midtown East, one of the premier business districts in the
world.”
The building is designed to pay homage to the landmarked Terminal and
fit seamlessly into the skyline with the Chrysler Building, its neighbor
only one block away. It is also expected to be LEED v4 Gold Certified,
indicating that it will be built with sustainability in mind. The total
value of construction for the project is approximately US$1 billion.
Primary construction is scheduled to begin in 2016 and is expected to be
completed in 2020.
About AECOM
AECOM is built to deliver a better world. We design, build, finance and
operate infrastructure assets for governments, businesses and
organizations in more than 150 countries. As a fully integrated firm, we
connect knowledge and experience across our global network of experts to
help clients solve their most complex challenges. From high-performance
buildings and infrastructure, to resilient communities and environments,
to stable and secure nations, our work is transformative, differentiated
and vital. A Fortune 500 firm, AECOM had revenue of approximately
$18 billion during fiscal year 2015. See how we deliver what others can
only imagine at aecom.com and @AECOM.
Forward-Looking Statements: All statements in this press release
other than statements of historical fact are "forward-looking
statements" for purposes of federal and state securities laws, including
statements relating to the timing and costs associated with the One
Vanderbilt project as well as future economic and industry conditions.
Actual results could differ materially from those projected or assumed
in any of our forward-looking statements. Important factors that could
cause actual results to differ materially from our forward-looking
statements are set forth in our quarterly report on Form 10-Q for the
fiscal quarter ended March 31, 2016, and our other reports filed with
the U.S. Securities and Exchange Commission. AECOM does not intend, and
undertakes no obligation, to update any forward-looking statements.
NR 16-0603
View source version on businesswire.com: http://www.businesswire.com/news/home/20160621005368/en/
Source: AECOM
AECOM
Brendan Ranson-Walsh, 1-212-739-7212
Vice President,
Global External Communications
Brendan.Ranson-Walsh@aecom.com
