At an industry breakfast forum held on Tuesday in Midtown, the New York Building Congress released its three-year outlook for construction activity in the
First, non-residential construction in
The outlook also specifically cites the World Trade Center site as a catalyst for the recovery of Manhattan’s office market in the aftermath of September 11, and though it was perhaps an inevitability that the new towers would incorporate sustainable design features, it is impossible to ignore the sheer volume of green construction that will be well underway at the site by 2009. Still, as Mr. Anderson pointed out on Tuesday, success does bring potential pitfalls, particularly with respect to green development. Construction costs continue to rise (according to the report, at a rate of one percent each month) which will make it increasingly difficult to sway skeptical developers that remain convinced of a green building premium. The integrated design process that sustainable construction demands is also threatened by the sheer volume of construction that’s taking place. Overextended contractors and fast-track schedules may jeopardize the truly collaborative approach that yields high performance green buildings.
Nevertheless, as the outlook makes clear,