Thornton Tomasetti wins ACEC New York Platinum Award
Thornton Tomasetti, Inc., a leading building engineering and design firm, has received the American Council of Engineering Companies (ACEC) New York Platinum Award for Structural Systems for its work on The Prudential Center.
Thornton Tomasetti was selected as the engineer of record for the structural design of The Prudential Center, the new $310 million sports and entertainment facility recently opened in downtown Newark. The new arena encompasses 858,000 s/f with a footprint of approximately 475 ft. by 600 ft. Opened in October 2007, the Prudential Center is the first major indoor professional sports and entertainment venue to be completed in the metropolitan New Jersey/New York area in 25 years. It will be the centerpiece of a larger redevelopment program that is expected to revitalize downtown Newark.
The National Hockey League's New Jersey Devils, who are the primary user of The Prudential Center, retained HOK Sport Venue Event as the project architect of record. HOK chose Thornton Tomasetti to provide structural engineering services for the development, as well as Morris Adjmi Architects as the exterior design architects and Langan Engineering & Environmental Services, Inc. as the geotechnical engineers. Close and intense coordination of project team members was an important factor in the successful completion of the project.
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
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
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
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
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”.