LOS ANGELES--(BUSINESS WIRE)--May. 16, 2013--
AECOM Technology Corporation (NYSE: ACM), a leading provider of
professional technical and management support services for public and
private clients in more than 140 countries around the world, announced
today that its Tishman Construction operation is managing the
construction of Park Place, a premier green development in the northeast
corridor of Hoboken, N.J.
Developed by Bijou Properties in partnership with the AFL-CIO Building
Investment Trust (BIT), the 412,350-square-foot building will feature
212 rental units, retail space, a six-level parking garage and
educational areas. When finished, Park Place will be one of only two
LEED-certified Gold residential rentals in Hoboken.
“We are proud of Tishman’s work with Bijou Properties and the AFL-CIO
BIT on this significant project,” said John M. Dionisio, AECOM chairman
and chief executive officer. “Working to realize their vision, our team
looks forward to transforming the site into a new icon for Hoboken.”
On May 7, the representatives from the development partners and project
teams were joined by local officials and labor organizations to
celebrate the site’s official groundbreaking. Having already provided
preconstruction services, Tishman is currently clearing the site and
beginning the project’s initial construction phase. Completion of the
US$131-million mixed-use development is expected in early 2015.
About AECOM
AECOM is a global provider of professional technical and management
support services to a broad range of markets, including transportation,
facilities, environmental, energy, water and government. With
approximately 45,000 employees around the world, AECOM is a leader in
all of the key markets that it serves. AECOM provides a blend of global
reach, local knowledge, innovation and technical excellence in
delivering solutions that create, enhance and sustain the world's built,
natural, and social environments. A Fortune 500 company, AECOM
serves clients in more than 140 countries and had revenue of $8.2
billion during the 12 months ended March 31, 2013. More information on
AECOM and its services can be found at www.aecom.com.
About Tishman Construction
Founded in 1898, Tishman Construction, a wholly owned AECOM subsidiary,
is one of the world’s leading builders, currently managing construction
for the 1,776-foot-high One World Trade Center, the Javits Convention
Center expansion and renovation in New York, the new headquarters for
the U.S. Department of Homeland Security in Washington, D.C., and the
new Anaheim Regional Transportation Intermodal Center for high-speed
trains in California. Known for successfully managing complex, iconic
projects, Tishman is responsible for the construction of more than 450
million square feet of space, incorporating facilities of every size and
type, including arts and culture, commercial, convention centers,
education, gaming, government, healthcare, hospitality, residential,
retail, sports and leisure, technology and transportation. More
information on Tishman Construction can be found at www.tishmanconstruction.com.
About Bijou Properties:
Founded in 1999 in Hoboken, N.J., Bijou Properties designs, develops and
manages the highest quality sustainable buildings and has become a
recognized leader in the field of green development along the Hudson
Waterfront. Recent projects include Garden Street Lofts (N.J.’s First
LEED Gold Residential Highrise), The Hostess Factory, a
42,000-square-foot retail restoration including a 20,000-square-foot
Green Roof, and Edge Lofts, a midrise rental building at 1405 Clinton
Street which recently opened and is a candidate to receive the first
N.J. LEED Residential for Homes Platinum designation. Beyond our
individual properties, Bijou Properties is focused on creating better
neighborhoods and healthier environments for the community at large.
More information can be found on the company website: www.bijouproperties.com.
About the AFL-CIO Building Investment Trust (BIT)
The BIT is a bank collective trust fund, sponsored by PNC Bank, National
Association, ("PNC Bank") that invests in commercial real estate. As of
March 31, 2013, the BIT has $3.2 billion in gross assets and $2.6
billion in net assets.
Over its 25 year history, the BIT has directly or indirectly invested
over $5.2 billion for the development and acquisition of more than 180
office, retail, multifamily, hotel, warehouse, and mixed use properties
across the country. These investments have generated approximately 68
million hours in union construction work and created thousands of union
jobs in the service, maintenance and operations of facilities owned by
the BIT.
The BIT is a bank collective trust fund for which PNC Bank is trustee.
PNC Bank has retained PNC Realty Investors, Inc. ("PRI") to provide real
estate investment advisory and management services, and the AFL-CIO
Investment Trust Corporation (the "ITC") to provide marketing, investor
and labor relation services, in connection with the BIT. PNC Bank
licenses the ability to use the "AFL-CIO" name in the name of the Trust
and in connection with the activities of the Trust.
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
any projections of earnings, statements of plans for future operations
or expected revenue. 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, 2013, 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
statement.
NR 13-0504
Source: AECOM Technology Corporation
AECOM
Paul Dickard, 646-432-8473
VP, External Communications
Paul.Dickard@aecom.com
