News: Brokerage

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.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced