AECOM’s Tishman Construction to manage construction of leading financial firm’s global headquarters in Lower Manhattan
By Business Wire News
AECOM (NYSE:ACM), a leading provider of professional technical and management support services for public and private clients in more than 150 countries around the world, announced today that its Tishman Construction operation is serving as construction manager of the repositioning and renovation of Citi’s 388-390 Greenwich Street Re-Development.
The project will consolidate a substantial portion of Citi’s New York metropolitan-area population into a newly updated global headquarters at the company’s existing two-building complex in the Tribeca neighborhood of Lower Manhattan. Improvements at the 4-acre site may include exterior enhancements, additions to the plaza space, upgrades and end-of-life infrastructure replacements, as well as re-stacking and renovations of 2.34 million gross square feet of interior space, including a tier IV data center. Additionally, the project team is pursuing LEED Platinum certification.
To be conducted in three phases, the buildings on site will remain occupied throughout construction, allowing the client to successfully continue its operations uninterrupted.
“We are proud to partner with Citi on such a significant and impressive redevelopment project,” said Michael S. Burke, AECOM chairman and chief executive officer. “Combining our expertise in both building repositioning and mission critical facilities, we look forward to transforming the Greenwich Street offices into a world-class corporate headquarters.”
Currently, extensive preconstruction and planning are underway, with four to five years of construction expected to start this year.
AECOM is a premier, fully integrated professional and technical services firm positioned to design, build, finance and operate infrastructure assets around the world for public- and private-sector clients. With nearly 100,000 employees — including architects, engineers, designers, planners, scientists and management and construction services professionals — serving clients in over 150 countries around the world, AECOM is ranked as the #1 engineering design firm by revenue in Engineering News-Record magazine’s annual industry rankings, and has been recognized by Fortune magazine as a World’s Most Admired Company. The firm is a leader in all of the key markets that it serves, including transportation, facilities, environmental, energy, oil and gas, water, high-rise buildings and government. AECOM provides a blend of global reach, local knowledge, innovation and technical excellence in delivering customized and creative solutions that meet the needs of clients’ projects. A Fortune 500 firm, AECOM companies, including URS Corporation and Hunt Construction Group, had revenue of approximately $19 billion during the 12 months ended March 31, 2015. More information on AECOM and its services can be found at www.aecom.com.
Forward-Looking Statements: All statements in this press release other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including the future term and performance of the Greenwich Street Re-Development project. Actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause actual results to differ materially from our forward-looking statements are set forth in our quarterly report on Form 10-Q for the fiscal quarter ended March 31, 2015, and our other reports filed with the U.S. Securities and Exchange Commission. AECOM does not intend, and undertakes no obligation, to update any forward-looking statement.
Ed Mayer, 732.564.3380
Vice President, Corporate Communications