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From 2020 through 2023, total construction spending will increase by 38% over the prior 4-year period to $9.4 billion using innovative practices, according to a New York Building Congress forecast in a July 20 report.
The New York City Dept. of Buildings has granted permission to use SpeedCore in New York City. The high-rise lateral-load resisting system of tied dual-plate wall modules field-filled with concrete has the potential to slash superstructure construction time compared to steel frames with reinforced concrete cores.