Sunday, August 19, 2007

The Deconstruction of the Deutsche Bank Building (From The Real Deal)

Here's my article that takes a look the demolition business as well as the deconstruction process happening at the former headquarters of Deutsche Bank that was damaged on 9/11. As has been widely reported, two New York City firemen were killed in a tragic fire in the building this past Saturday August 18.

FROM New York Real Estate Magazine - LINK AT THE REAL DEAL
The Lower Manhattan Construction Command Center, which oversees construction projects in Lower Manhattan, wouldn't offer a cost estimate for the demolition of 130 Liberty, but reportedly the range has been anywhere from $45 to more than $250 million. Interestingly, this is the price range of buildings in the area, so it could cost more to take down the building than it would to buy it.

Deborah Wetzel, spokesperson for the construction planning group, in explaining the high cost of the Deutsche Bank building's demolition noted that one has to factor in labor costs, equipment and materials.

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