CP & Associates capitalizes on New York's economic recovery - completing $11.5 million historic renovation in TriBeCa district

Manhattan-based CP & Associates Construction Corp. (CP & Associates) is capitalizing on New York's ongoing economic recovery by securing interior and new construction contracts from clients in specific industries. CP & Associates principal and founder Pat Acocella said, "Our company is seeing steady growth. There's a definite uptick in construction activities from clients in the residential real estate and hospitality industries, our fastest growing areas." He said that other client sectors - retail, entertainment and commercial interiors - are continuing to grow as well, signaling construction's steady recovery overall. CP has over 350,000 s/f of work in-progress including a luxury nine-story condominium in Brooklyn's up and coming Ditmas Park enclave that will have a mix of 18 half and full floor units when complete; an Alteration Type-I conversion in Greenpoint, Brooklyn; the gut and fit-out of a townhouse and new construction of a 16-story apartment complex, both on Manhattan's Upper East Side; and an ambitious modernization at The Edison Hotel in the Times Square area. Acocella said, "There's a significant spike in pockets of Brooklyn, Queens and Long Island City. These areas present first-time home buyers and developers with resounding investment value." Savvy buyers are also seeing the advantage of CP's Alteration Type-I expertise where commercial structures such as a warehouse facility are converted into modern living environments. One such project, an $11.5 million conversion and historic renovation in New York's TriBeCa district required the extensive preservation and restoration of a 75,000 s/f. Romanesque revival building located at 140 Franklin St. With a long-standing reputation as one of New York's pre-eminent builders, CP's dedicated team remains focused as well on growing the firm's portfolio of interior projects, specifically for the hospitality industry. For The Hotel Edison project, CP & Associates is updating the hotel's MEP infrastructure, guest rooms, amenities and common areas. To date, the firm has design-built numerous spaces throughout the occupied hotel including two unused meeting rooms that were converted into a fitness and business center and 75 upgraded guest rooms. Acocella attributes his company's overall success to its core of veteran construction professionals and administrators. "The experience of our team sets us apart and the results are evident in the projects. Our workload continues to expand as existing clients give us repeat business and refer us to other private/public companies, owner/developers, architects and design industry professionals.