ACM's Tishman Construction operation to manage 412,350 s/f Park Place

AECOM Technology Corp. (ACM) unveiled that its Tishman Construction operation is managing the construction of Park Place, a premier green development. Developed by Bijou Properties in partnership with the AFL-CIO Building Investment Trust (BIT), the 412,350 s/f 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.