New York Real Estate Journal

Jeffrey Allen, Space Technology Inc.

December 22, 2014 - Spotlight Content
What was the best thing that happened to you or your firm in 2014? STI expanded operations, added staff members, and completed the two largest roof-lifting projects in the history of the process. What was your most notable project, deal, transaction or personal achievement in 2014? While 2014 was a banner year for STI, with numerous projects of many sizes and complexities, our two most notable roof-lifting projects were 450,000sf and 650,000sf in size, and involved lifting as high as 45 feet clear. Each was completed smoothly despite frigid New Jersey winter weather conditions, and ahead of schedule. What are you looking forward to accomplishing in 2015? STI already anticipates major roof-lifting activity, again of varying sizes and heights, as the value of the procedure, and advantages of the technology, become even more evident to the real estate market. What are some of your real estate predictions for 2015? Increased awareness that "functionally obsolete" older sites, with limited ceiling heights and storage capacity, can be swiftly and inexpensively transformed into attractive high-cube warehouse facilities.