News: Spotlight Content

Racanelli Construction Co. to serve as general contractor for 20,000 s/f for $7 million restaurant depot project

Racanelli Construction Company, Inc., a leading construction management, general contractor and design/build resource for commercial, industrial, retail, medical, pre-engineered and multi-family housing projects, has been named the general contractor by Restaurant Depot for a new pre-engineered metal building. The project involves a 20,000 s/f, one story pre-engineered metal building with a metal building canopy along with interior renovations and tenant improvements. They include: a refrigerated space for cooler/freezer warehousing, structural upgrades to the existing building, and replacement of the mechanical, electrical and safety systems. Additionally, there will be site improvements made which consist of new asphalt paved parking lot and landscaping. Among the challenges Racanelli is facing will be to complete the project on a fast track schedule with a tight budget, coordinate with multiple trades within the existing space and with limited site access on two sides of the building, fit the building to the footing location and handle extensive rock excavation. The elements to be incorporated into the building are metal panels, concrete, rigid insulation, Thermax insulation panels, lighting fixtures, electrical wiring, ESFR sprinkler system and dry pipe sprinkler system. Serving as the project executive is Michael Racanelli. Michelle Bremen is the project estimator/ preconstruction manager, Ray Hassett is the project manger and Lee Hillman is the project supervisor. The project, which is valued at $7 million, is slated for completion in September. With roots dating back five decades ago, Racanelli Construction Company is a family business with a long legacy of commercial/industrial real estate building and development. The company serves its diverse clientele as a construction manager, general contractor or complete design/build resource. The company's services are applied in the construction of corporate/industrial, healthcare, retail, hospitality/restaurant, educational, residential, religious, storage and pre-engineered buildings. Its highly qualified team of professionals and application of sound business processes with state-of-the-art technologies combine to facilitate high quality, on-time and on-budget projects. Racanelli Construction Company's long history and impeccable reputation as a high quality builder/developer has earned the company a broad bonding capacity as well as AAA Insurance coverage. Racanelli maintains excellent working relationships with local municipalities, business and civic association, and elected officials. These relationships accrue considerable benefits to Racanelli's clients when seeking financing/bonding, zoning approvals and support form the local community. Racanelli Construction Company executives are active members of the local community, serving on nonprofit organizations' boards and participating in various philanthropic activities. For more information, visit: www.racanelliconstruction.com
MORE FROM Spotlight Content

Over half of Long Island towns vote to exceed the tax cap - Here’s how owners can respond - by Brad and Sean Cronin

When New York permanently adopted the 2% property tax cap more than a decade ago, many owners hoped it would finally end the relentless climb in tax bills. But in the last couple of years, that “cap” has started to look more like a speed bump. Property owners are seeing taxes increase even when an
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The strategy of co-op busting in commercial real estate - by Robert Khodadadian

The strategy of co-op busting in commercial real estate - by Robert Khodadadian

In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but
Oldies but goodies:  The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Oldies but goodies: The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability
Properly serving a lien law Section 59 Demand - by Bret McCabe

Properly serving a lien law Section 59 Demand - by Bret McCabe

Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.
How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

The mayor of New York City holds significant influence over real estate policy — but not absolute legislative power. Here’s how it breaks down:

Formal Legislative Role

Limited direct lawmaking power: The NYC Council is the primary