Posted May 30, 2014, 8:10 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,900
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http://www.nj.com/business/index.ssf...wn_newark.html
Prudential 'tops the house' on new office tower in downtown Newark
By Tom De Poto/The Star-Ledger
May 30, 2014
Quote:
Bearing signatures of iron workers, construction crew members and Prudential officials and with an American flag attached, the final steel beam for the insurance giant’s new 20-story office building in downtown Newark was hoisted into position yesterday.
Richard Hummers, Prudential vice president, called it “an incredible milestone” moments before a crane raised the girder to the top floor. Noting the harsh winter, Hummers said it was “a pretty incredible feat to be where we are today. It’s an exciting time for Newark, and an exciting time for Prudential.”
Work began on the site about a year ago with the demolition of abandoned stores — including landmarks such as S. Klein on the Square and Schraft’s. Construction began shortly after on the $444 million office tower. Before the bitter cold weather arrived, crews worked double shifts into the night to build the skeleton.
The view overlooks the recently rehabilitated Military Park, the Passaic River and is unobstructed all the way to the Manhattan skyline.
According to Bob DeFillippo, Prudential spokesman, work on the exterior and interior is expected to begin in the next few weeks. The project is expected to be completed by summer 2015.
Prudential’s global headquarters will remain in the landmark building at 751 Broad St. The new building will house staff currently in the Gateway Building in Newark.
The insurance giant, Newark’s largest and oldest corporation, has plans for another office tower adjacent to the new one.
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“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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