At the end of the first quarter of 2008, Glenman’s achievements are noteworthy, particularly our growth in the residential sector. Our bonding limits have increased substantially, enabling us to move forward with procuring larger projects in our other divisions, specifically educational, cultural and commercial. Despite the economic downturn of late, construction activity remains strong. As a team, all Glenman employees can benefit from the exciting opportunities that lay ahead.
Commercial Update: In northern Manhattan, CCNY’s School of Architecture is progressing smoothly. This interior renovation is a high profile project and includes architecturally exposed steel and floating staircases. We are on track for substantial completion by November of this year. In Westchester, we have begun steel erection on the Camp Smith Readiness Center in Cortland Manor. Estimated completion is scheduled for September 2009.
Educational / Cultural Update: Typically, this is the season for heavy educational bidding; our estimating department is busy competing for the suburban school projects. Currently, our NYCSCA work includes JHS 126 and PS 90 in Brooklyn and IS 98 in the Bronx. Construction is progressing and trades are 80% mobilized. Most work on all three schools will finish out in time for the beginning of the 2008-2009 school year. The NYC Department of Design and Construction awarded Glenman the Weeksville Heritage Center in Bedford Stuyvesant, New York. This $12.4 million project encompasses new construction of a three story, two-wing building totaling 23,172 sf on a 1.5-acre site. The center will contain multi-purpose rooms, a theatre, a library, conference rooms, educational workshops and administrative offices. This project is a USGBC LEED certified project designed to achieve a gold rating.