Bohler-NYC Principal, Joe Deal, was interviewed in a recent Bisnow article regarding the state of construction in NYC:
While there’s been a definite slowdown in rental buildings following the expiration of the 421-a tax exemption, Bohler Engineering principal Joe Deal says the facts and figures just don’t mesh with the doom-and-gloom forecasts from economists. “Those guys mainly act on potential economic indicators,” he tells Bisnow, “but I look at the facts, and things aren’t slowing down. I’m getting new projects every day and there are many more going through the approval process and will start soon.”
In fact, there’s so much construction for smaller residential projects and self-storage properties that there’s been a huge rise in non-union worker activity to keep up. But, if the doom-and-gloom continues to loom and developers grow more hesitant, it’s possible there could be a “hangover effect” that causes a rapid slowdown, Charles says. If work dries up, Joe adds, unions will try to regain their control and leverage.
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