Infrastructure, Biotechnology Projects Push Industrial Construction Activity in Manhattan to $11 Billion

---

Researched by Industrial Info Resources (Sugar Land, Texas)--Manhattan, New York, is experiencing a high level of industrial construction activity. The majority of this is for projects in the Industrial Manufacturing and Pharmaceutical & Biotech industries. Also known as New York County, Manhattan is the most densely populated county in the U.S., with a population of more than 1.6 million.

Overall, 66 major capital and maintenance projects with a total investment value of $12.7 billion are currently active in Manhattan, according to Industrial Info's Industrial Project Database. Of that total, 89% are under construction: 34 projects totaling $11.3 billion.

This includes the multibillion dollar 2nd Avenue Subway Project, the first phase of which has been under construction since 2007 and is expected to be completed in 2016. The Metropolitan Transportation Authority (New York) is planning 50 other projects in the borough.

The City University of New York (CUNY) is scheduled to complete construction during the second half of 2014 on a new advanced science research center, at a cost of more than $700 million.

One of the future planned projects is located near Roosevelt Island. Verdant Power LLC (New York, New York) is studying a 5-megawatt tidal energy project using Verdant's proprietary, free-flow hydrokinetic turbine generator sets.

View Project Report - 14003244 300047826 300007427

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.