The Par Report is a quarterly service of The Par Group. This quarterly newsletter is designed to keep you informed of industry news and Par's company updates.
Par Case Study: The Graduate Roosevelt Island Hotel
In June of 2015 Cornell University broke ground on a new $2 billion campus located on Roosevelt Island, with the initial phase of the project being the construction of several key facilities. The first is a four-story main academic building named The Emma & Georgina Bloomberg Center, the central hub of the campus. The second, a six-story building called The Bridge, will have 230,000 square feet dedicated to research, tech companies and entrepreneurs. This facility will also include 6,500 square feet of retail space. The third building will be a twenty-six-story residential building named The House, containing 350 apartments for students and faculty.
Along with these facilities, AJ Capital Partners and Cornell University are constructing The Graduate Hotel, the latest addition in a hotel portfolio that focuses on college towns. The Graduate Roosevelt Island will be an 18-story structure marking the entrance to the campus, adjacent to alongside the 40,000 square foot Verizon Executive Education Center. This hotel will "...create a place where the entire tech community can convene in New York City, expanding the impact our [Cornell University] campus will have on technology beyond its degree programs”, says Dan Huttenlocher, Cornell Vice Provost and Dean of Cornell Tech.
In June of 2018, Par Plumbing, a division of The Par Group, began work in the hotel on Roosevelt Island. Contracted by Hunter Roberts Construction Group, Par is responsible for the installation of all plumbing systems as well as furnishing and installing American Standard and Grohe fixtures throughout the hotel. Par is providing all roughing and final connections within the kitchen and bar areas on the 1st, 2nd, 3rd, 17th, and 18th floors and the cellar. Hotel amenities will include a full-service restaurant, a rooftop bar with views of Manhattan and 5,200 square feet of event space. The hotel is billed as the "premier hotel on Roosevelt Island” and is set to be completed by the spring of 2020.
The hotel and education center will mark the completion of the first phase of a three-phase construction project, with the last phase expected to wrap up in 2043. When fully completed, the campus will span 12 acres on Roosevelt Island and accommodate over 2,000 students, faculty and staff.
Feature Story
Gas Safety | Smell Gas? Act fast!
Smell | Natural gas smells like rotten eggs
Gas | If gas is in the air, a spark could cause an explosion. Don’t light a match, smoke, flip a switch, ring a doorbell, or touch appliances or electronics, including phones.
Run | If you think there’s a leak, get everyone outside right away. If the leak is outside, move to a safe spot far away.
Call | When you’re safe, call 911, or Con Edison 1-800-75-CONED (1-800-752-6633). National Grid customers call 1-718-643-4050. Call even if the odor isn’t very strong. Don’t assume someone else has already called.
Do not rely on your sense of smell alone to detect the presence of natural gas. Even though a distinctive odor is added to natural gas to assist in the detection of leaks, you should not rely solely on your sense of smell to determine if a gas leak exists or if natural gas is present. Some persons may not be able to detect the odorant because they have a diminished sense of smell, experience olfactory fatigue, or the odor is being masked by other odors in the area. In addition, certain conditions such as odor fade may cause the odorant to diminish so that it is not detectable.
Do you have a gas leak?
Use your senses to find out.
Smell | A distinctive, strong odor like rotten eggs.
See | A white cloud, mist, fog, bubbles in standing water, blowing dust, or vegetation that appears to be dead or dying for no reason.
Hear | A roaring, hissing, or whistling sound.
If your gas has been shut off by the utility company or FDNY call us immediately for assistance
For more information call (516) 394-2329 or email compliance@pargroup.com
Headlining
NEW YORK
Brooklyn's tallest building peaks at 720 feet - AM New York
Downtown Brooklyn tops StreetEasy’s list of 2019 neighborhoods to watch – Curbed NY
Suburban Developers Preparing For A Wave Of Millennial Demand Outside NYC – Bisnow
Student Housing Market Update: What’s Next? – Property Management Insider
Proposal to eliminate voids in NYC buildings will be a ‘challenge,’ experts say – Curbed NY
Reach for the sky: 3 technologies allowing us to build taller skyscrapers – Built Worlds
First Looks Inside 50 Hudson Yards, the Largest Building in the West Side Megaproject – Commercial Observer
RFR Buys Manhattan Asset for $123M – Commercial Property Executive
NATIONAL
Construction employment increases in 38 states from March 2018 to March 2019 – Plumbing and Mechanical Magazine
LA County Officials Approve $650M LACMA Redesign – Commercial Observer
Anti-Rent-Gouging Bill Advances While Rent Control Falters in Cali. Assembly – Commercial Observer
Landmark’s One Central mega-development seeks state financing for transit hub – The Real Deal
Developers launch sales of Boca Beach House condo project – The Real Deal
Pittsburgh Industrial Portfolio Trades for $38M – Commercial Property Executive
Career Opportunities
Submit your resume to careers@pargroup.com
Company News
The Par Group raised about $1,500 for SunriseWALKS in the month of February alone.
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