Category: Construction Design & Engineering

The primary purpose of a Capital Reserve Study is to offer recommendations as to the amount of monies an association or other form of ownership should fund on a yearly basis for the future replacement of commonly owned elements of a single or multifamily development. The analysis and recommendations are important in that they help to avoid possible future special assessments of the individual unit owners. It should take into account the site-specific existing conditions, their useful life, and the realistic replacement costs based upon actual material costs and the site specific individual item’s method of reconstruction.

Salesmanship and fear are the two main reasons. Fear because active shooter events are more commonplace than a few years ago. The recent discovery in New Mexico of abducted children being trained to carry out armed attacks at schools is frightening. Since the federal government won’t address some of the underlying issues of gun violence by creating sensible legislation maybe they can concentrate instead on finding the horrifying number of missing kids that occur every year in America 1. Just saying.

We only have months before Local Law #55 of the City of New York, known as NYC Indoor Asthma and Allergen Hazards and Pest management in Residential Buildings Law becomes effective and enforceable, so survey your properties today and prior to 1/18/19 to address all current moisture intrusion and mold discolorations. Since mold is an ever changing natural occurrence and since moisture events can happen at any given time, a diligent and properly implemented moisture intrusion/mold operations and maintenance plan will prove invaluable and may be a major money saver once this New York City law takes effect early next year.

We did not coin the headline of this article. It’s the title of a documentary about the relationship between the natural world and built environment; how deprivation from being around nature negatively affects us; and how being around nature is beneficial to our health, state of mind and productivity. 

Manhattan, NY According to Craig Deitelzweig, president and CEO of Marx Realty, a New York-based owner, developer and manager of office, retail and multifamily property across the United States, unveiled 10 Grand Central, its hospitality-infused reimagining of the Ely Jacques Kahn-designed building in Midtown’s Grand Central submarket.