Several major construction projects have been announced recently. The largest project getting underway is the Time Square development that is budgeted for $2.5 billion. The TSX Broadway project is set to start construction by Winter 2019. This project will include the demolition of an existing hotel and the construction of a new 550,000-square-foot, 46-story building around the historic Palace Theater. This construction project will include 75,000 square feet of retail space, which will include 100 feet of storefront directly facing Times Square. Also, there will be a 669-room luxury hotel. In addition, $50 million will be used to lift the 105-year-old Palace Theater, thoroughly renovate it, and then incorporate it into the new building’s third floor. There will be a stage that extends over Times Square, a huge 18,000-square-foot LED screen, and a beverage and food terrace. The experiential retail segment of the project is expected to at least 15 million people every year with its entertainment, creativity, innovation, and engagement. The project developers have planned construction to wrap up in 2021, and it has been set up, so it will not interfere with the vehicular and pedestrian traffic of the area.
Other Major Construction Projects
Seattle has approved a $700 million redevelopment project for KeyArena. The city hopes the new arena will host a National Basketball Association franchise eventually and a National Hockey League team. The project is designed to create a “world-class, multi-purpose sports and entertainment facility.” The construction agreement says that features that are designated as landmarks, such as the current roof, will be retained and the south façade will be removed. Five buildings will be demolished. The project includes the construction of two plazas, a loading area, a surface parking lot, a below-grade parking area, a skate park, and a new arena. It is expected to seat 19,000 people.
A $500 million mixed-use project is set to give Hyde Park at boost. This project will include $60 million of infrastructure and completion of the 133-room Inn at Bellefield. The project will include 59 residences of various architectural styles, hiking, and biking trails through a nature preserve, an agricultural complex, year-round farmers market, wine shops, a market square with restaurants, two hotels, specialty food stores, a village green, conference center, and a performing arts center and amphitheater. The project will use eco-conscious construction materials and solar energy and geothermal heating will be used. The hotel construction component is expected to create 500 jobs by itself.
Construction Jobs To Be Available
With the increasing number of construction projects will come an increase in the need for construction workers. Many of these positions will require specialized training, which will enable these workers to perform their jobs accurately and safely. To learn more about ATS Specialized Training, call (800) 678-8149 today.