The steel award covers steel to build the Transportation Hub to grade. It includes the Transit Hall, the permanent underpinning of the box for the No. 1 subway line and Hub-related pedestrian connections that link it to the other commercial components of the WTC, according to a release.

Additionally, the steel for the transit hub will form part of the floor of the 9/11 Memorial Plaza, in a design solution reached to put the memorial project back on schedule. Because the PATH Hall roof will comprise the Memorial Plaza's floor, construction of the memorial will be completed two years sooner than estimated, allowing the memorial to open by the 10th anniversary of 9/11, the release states.

In the release, the Port Authority says DCM's bid came in at the cost estimate for the project, notwithstanding an 8% increase in steel prices throughout the region over the past year. Bids on the structural steel work were vetted earlier this month by Phoenix Contractors, a joint venture of Fluor, Slattery Skanska, Granite Construction Northeast and Bovis Lend Lease that serves as the general contractor for the transit hub.

DCM has already fabricated structural steel on the Port Authority's Freedom Tower, also known as One World Trade Center, and Tower 4 of the three skyscrapers Silverstein Properties Inc. is building at the WTC site. The locally based company's other credits include Time Warner Center and the New York Times at 620 Eighth Ave.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.