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Thursday, May 19, 2022

Tutor Perini Wins Hurricane Sandy Recovery Project

Tutor Perini Corp.’s subsidiary WDF Inc. has won a contract with the New York City Housing Authority for the Sandy Recovery Program Restoration at Baruch Houses. The contract will add about $172 million to the Sylmar construction company’s revenue stream. The project includes restoration and infrastructure improvements to the Baruch Housing complex, which consists of 18 buildings on 28.5 acres in Manhattan. The public housing complex’s upgrade will add new roadways, sidewalks and green spaces, as well as new flood elimination systems and improvements to sewer and storm management systems. Architectural improvements include the rehabilitation of building entrances and portions of all buildings damaged in 2012 during Hurricane Sandy. Work on the project will commence in early 2018 and finish by mid-2021. WDF is a full-service specialty contractor in the New York metropolitan region that provides general contract services to all major state and city agencies. Tutor Perini (TPC) announced the contract on Friday. Shares closed Tuesday up 70 cents, or 2.8 percent, to $25.95 on the New York Stock Exchange.

Joel Russel
Joel Russel
Joel Russell joined the Los Angeles Business Journal in 2006 as a reporter. He transferred to sister publication San Fernando Valley Business Journal in 2012 as managing editor. Since he assumed the position of editor in 2015, the Business Journal has been recognized four times as the best small-circulation tabloid business publication in the country by the Alliance of Area Business Publishers. Previously, he worked as senior editor at Hispanic Business magazine and editor of Business Mexico.

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