TIME EQUITIES.

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TIME EQUITIES INC. – 50 WEST STREET
Time Equities Inc. will complete 50 West Street in the first quarter of 2012, it says.

Insurmountable Quality
New York developer Time Equities Inc. is constructing Battery Park City’s 50 West Street, which is expected to become one of the tallest mixed-use projects in Manhattan.

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Time Equities Inc. – 50 West Street www.timeequities.com Budget: $580 million HQ: New York, N.Y. Peak employees: 500 Service: Developer Dermot Johnson: “We work with our consultants to ensure we do everything in our power to achieve LEED gold status.”

ew York City developer Time Equities Inc. has found success in the real estate industry for more than 40 years because it stays off the beaten path, according to Director of Project Management Dermot Johnson. This is evident in the company’s newest endeavor, 50 West Street, a $600 million mixed-use development currently under way in the Battery Park City district of Manhattan. The slender, transparent structure was designed by Helmut Jahn of Chicago-based Murphy Jahn Architects in conjunction with New York City architect of record, Gruzen Samton. When completed in the first quarter of 2012, it will rise to approximately 730 feet, making it one of the tallest mixeduse projects in the city.
A Good Idea

on location and is currently performing caisson installation, Johnson says. The project’s general contractor, New York-based HRH Construction, is opting for a soldier-piling and wood-lagging foundation system, Project Manager Bill Grutta told New York Construction magazine. This will allow the company to install caissons without prompting a need for deep excavation on site. Also, a woodlagging foundation system can be completed quicker than a bathtub slurry wall foundation, which is said to be the common approach for construction teams working in a district notorious for its high water table.
Cantilevered Beauty

Erecting a tall structure with a small footprint will prove challenging for the construction team, especially in Manhattan’s infamously tight quarters, Johnson admits. So far, the 50 West Street crew has completed demolition of three existing buildings

Although 50 West Street is still at the foundation stages, HRH Construction is preparing to erect a 15-story cantilever, which, Johnson says, will create an attractive exterior facade. “That cantilever means we’ll have curved or angular columns, which will allow the building to have a curved, cantilever belly,” he describes. “What that does is open up

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FEBRUARY 2009

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