News: Brokerage

Merritt Engineering completes Phase IV of the Town School; Multi-phase roofing and façade restoration project

Merritt Engineering completed phase four of the multi-phase roofing and façade restoration project at the Town School, 540 East 76th St. In 2011, water infiltration reported by school personnel and deteriorating conditions of the building envelope prompted a much needed façade and window restoration project at The Town School. The total construction cost for phase 1-3 was $1 million. The construction costs for phase 4 was $300,643. The contractor on the project was Central Construction. The following is a breakdown of each phase of construction: Phase I - Playground rooftop replacement (summer 2011) A modified bitumen roof system, manufactured by Soprema, was installed at the rooftop playground. Once the roof system had been completed, Merritt coordinated the installation of the playground surface with The Town School project team. Phase II - Façade restoration (summer 2012) The façade restoration phase of the project consisted of parapet and brick replacement and masonry repointing at the north and east elevations. Because the east façade overlooks the FDR Dr., bridging and protection were coordinated with the NYC DOT. Phase III - New window installation (summer 2013) Merritt designed and coordinated a new architectural window opening, along with the façade restoration at the east elevation of the Town School's Settlement House overlooking the FDR Dr. Phase IV - Façade Restoration of south & west Elevation (began July) The final phase of the project consisted of various façade repairs including brick and lintel replacement, and masonry repointing. çade Restoration of South & West Elevation
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,
Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.