Pantheon Forms Construction JV

NEW YORK CITY-Pantheon Properties has formed a construction joint venture with Oculus Builders LLC. The firm is a full-service construction company specializing in ground-up construction, building rehabilitation, renovations, consulting and general contracting. It can also provide construction management and assistance to developers and lenders in the construction process.

Though the company just hit the ground running in the last weeks, it already has several projects under way and more in the pipeline, according to a company spokesperson. In Secaucus, NJ, a $4.5-million industrial project is under way in a 170,000-sf space. In North Bergen, NJ, a 15,000-sf project is now in progress, and here, a 7,000-sf building renovation is in progress. Several more are in the discussion stage.

The firm is headed up by Mike Caunedo. Before forming the firm, he was a property manager, as well as a construction coordinator, with Tishman Speyer Properties, where he supervised and managed more than $60 million in various construction projects. He also oversaw construction, security, maintenance and engineering aspects of three class A office properties at Rockefeller Center.