Executive Message from Thomas J. LePage

The Mid-Atlantic Region continues to experience its largest building boom of the 21st century. New York City has lead the way at a historic pace with construction spending expected to reach $61 billion by the end of 2018. This is a 25% increase in construction spending from 2017 when it reached 49 billion. Non-residential construction is anticipated to reach 39 billion compared to 23 billion in 2017. New York construction employment has grown for seven consecutive years and is anticipated to surpass 150,000 jobs for the second year in a row.

Educational construction spending, both public and private colleges and universities is expected to be the second largest construction sector. The healthcare sector is also expected to be a major area of construction spending with an investment of $6 billion to expand and improve their facilities.

Barr & Barr was recently awarded the AGC Build New York Award in recognition of excellence in construction management and teamwork for the Cornell NYCTECH – The Bloomberg Center Project. Barr & Barr also received the Award of Merit from ENR for the Bloomberg Center. We continue our relationship with Cornell having recently broke ground on our second project on the Roosevelt Island Campus, The Verizon Executive Education Center. We continue our relationship with Barclay’s, recently beginning work on the “Phase 2” Project. We have also recently broken ground on the Sands Office Building in Brooklyn, the Jetro Office Building in Queens and the expansion of Victory Hall at Mercy College. We have also begun construction for the new ED at Montefiore Nyack Hospital and expect to begin construction on the new ED for St. Joseph’s Hospital by November. We have also been awarded the Rogers Hall Lab Renovation Project at NYU, White Plains Hospital Pediatric Expansion Project and the Lucille Lortel Theatre.

With that said we are very excited with the opportunities and prospects that we see for 2018 and beyond.

Thomas J. LePage
Executive Vice President
Director of Operations – Mid-Atlantic