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Old Posted May 7, 2024, 7:52 PM
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https://therealdeal.com/magazine/may...r-brutal-year/


By Orion Jones
Research by Joseph Jungermann
MAY 1, 2024


Quote:
At the very least, contractors say that supply chains have improved, even though they remain slower and messier than before the pandemic.

…Contractors are now more likely to buy crucial materials from domestic sources and to use a greater variety of suppliers to hedge against another possible disruption, according to AECOM Tishman’s John Kovacs and Eric Reid.

The company is at work on a rare type of project in New York City: a new hotel.

Plans for Extell Development’s hospitality offering on West 48th Street, in the Diamond District, predated a special permit requirement passed by the City Council in late 2021.
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