News: Spotlight Content

V VA Project Managers & Consultants begins construction of the NY Law School tower

According to VVA Project Managers & Consultants and NYLS project team members, the new NY Law School building at West Broadway and Leonard St. in downtown Manhattan is coming out of the ground. The steel beams, which comprise the core and shell of building, have begun to rise while four floors of the building are being constructed underground. This underground portion of the building is only possible because a complex perimeter slurry wall was built. The slurry wall, which is approximately 100 ft. deep, was created by excavating sections of the earth one at a time, all the way to the bedrock below Manhattan Island, to create a "panel." This concrete panel is then securely fastened into the existing bedrock in order to create a "bathtub," which prevents water penetration to the inside of the foundation, and allows for habitation of the below grade space. The project, taking place at NY Law School's main campus, includes the development of a new 235,000 s/f building, which contains new classrooms, student space, a law library, auditorium, student cafeteria, and faculty dining areas. The project also includes a bookstore for the school at 40 Worth St., which is run by Barnes and Noble. "VVA was retained by NY Law School in 2004 to assist with the early planning stages of the project including due diligence, lease negotiations, site negotiations and procurement of the team as well as project management of the development," said Irwin Schneider, partner-in-charge of the NYLS project, "We are very proud of our involvement in such a complex, monumental project for downtown New York. VVA prides itself on providing innovative solutions to complex issues and this project certainly personifies these values." NYLS is zoned to build a five-story building, making it necessary to build four floors below grade in order to attain the necessary amount of programmed space. "The resulting construction is very similar to that of the original World Trade Center site, where they excavated to build a basement bathtub and slurry wall," said Curt Epstein, project manager for VVA on the NYLS project. "This is essentially a mining operation until the entire underground structure of the building is completed. In addition, the tightness of the site and proximity to subway lines only serve to make it more complicated." Construction is expected to be complete in December 2008 with NY Law School taking occupancy shortly there after.
MORE FROM Spotlight Content

The commercial classroom: 1031 tax-deferred exchanges - by Edwad Smith Jr.

The sale of real estate may trigger capital gains taxes on the net profits of that sale. These taxes may be deferred by participating in a 1031 tax exchange, in essence, by purchasing property(s) to replace the
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
2026 Developing Long Island: ERG Commercial Real Estate launches its new Retail Leasing division

2026 Developing Long Island: ERG Commercial Real Estate launches its new Retail Leasing division

North Hempstead, NY ERG Retail Leasing is the dedicated leasing division of ERG Commercial Real Estate, an established full-service commercial real estate brokerage for over 35 years. 
2026 Developing Queens: Long Island Board of Realtors  advances commercial growth and advocacy in Queens

2026 Developing Queens: Long Island Board of Realtors advances commercial growth and advocacy in Queens

The Long Island Board of Realtors (LIBOR) Commercial Network continues to play a key role in advancing opportunities and strengthening the commercial real estate landscape across Queens. Through targeted programming and global outreach
From vacancy to vitality: How adaptive reuse is reshaping Long Island’s CRE landscape - by Andrea Tsoukalas Curto

From vacancy to vitality: How adaptive reuse is reshaping Long Island’s CRE landscape - by Andrea Tsoukalas Curto

Adaptive reuse has become one of the most important conversations in commercial real estate today. Long Island has a large inventory of aging retail, office and industrial
CRE Guide Featured Company: Merritt Environmental Consulting Corp.

CRE Guide Featured Company: Merritt Environmental Consulting Corp.

Merritt Environmental Consulting Corp. (MECC) was established in June of 2009 after being part of a larger engineering firm for almost 20 years. The focus of the company is to assist lending institutions, attorneys, real estate investors, and property owners with environmental concerns. Today, MECC has offices in New York, Florida, and Vermont and has grown into a regional consulting firm serving clients along the East Coast.