85.7 F
San Fernando
Thursday, Nov 30, 2023

Tutor Perini Wins Hudson Yards Contracts

Tutor Perini Corp. has won contracts to manage the building of a residential tower and a retail complex at the Hudson Yards development in New York City, the company announced Tuesday. The Sylmar construction company will get an undisclosed portion of the combined, $1.2 billion value of the contracts. The residential building, called Tower D, is a 70-story, 960,000-square-foot tower with 391 residences, a fitness club and common areas. The building is scheduled to open in 2018. The Retail Complex is a seven-story, 1 million-square-foot center with more than 100 shops. It is also scheduled to open in 2018. Tutor Perini’s contracts are with developers Related Cos. and Oxford Properties Group. Shares closed down 49 cents or 3.2 percent to $14.84 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.

Featured Articles

Related Articles