M+W Zander named general contractor of $4.2 billion Fab 2 project
The international engineering company M+W Zander has been awarded a contract for approximately $817 million from GlobalFoundries, to engineer and construct its new semiconductor wafer facility "Fab 2." The site is located at the Luther Forest Technology Campus. The $4.2 billion facility will initially produce 300-millimeter-wafers at the 28-nanometer node for a variety of clients.
The order for M+W Zander provides a full "turnkey" solution for the construction of the facility. M+W Zander is providing full architectural and engineering services, construction management for the entire project as well as general contracting for all of the technical areas to include the manufacturing spaces, building utilities, central utility building and process systems.
The Fab 2 complex will consist of four major buildings totaling 1.45 million s/f, including a 300,000 s/f class 100 clean room wafer fabrication building, a "spine" support building, an administrative office building and a central utility building (CUB) along with service yards and small support buildings. Construction is expected to take about two years to complete, and 12 to 18 months to ramp to full operating mode. Initial production is expected to begin in 2012.
Rick Whitney, president of M+W Zander in the U.S., said, "We appreciate the confidence GlobalFoundries has shown in M+W Zander. We are looking forward to designing and building a globally competitive foundry manufacturing facility in the upstate N.Y. area."
"This new major order strengthens our global leadership as the engineering and construction partner for the semiconductor industry," said Jürgen Wild, CEO of M+W Zander Group.
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional