In slightly more hopeful news, lumber prices fell last week to “near year-ago” levels but are still 29% higher than the February 2020 pre-pandemic prices. Per AGC of America’s latest Data Digest (July 12-16), steel prices have continued to rise in July, up nearly 5% for orders on July 1 and 8-9% for orders on August 1, according to a couple of suppliers another announced an immediate $125-per-ton increase on mechanical, hollow structural shapes and piling products. The site will include an already-approved 80,000-square-foot medical office building (pre-leased to Hackensack Meridian Health) with ambulatory surgical center and multi-specialty practice areas. ON3’s campus infrastructure will play a role in the hotel’s energy-efficiency model, including the central utility plant with 10-megawatt cogen facility. On July 22, Clifton (Passaic County) gave final site plan approval to developer Prism for a seven-story, 266-room dual-brand Marriott AC/Element Hotel with a rooftop bar at ON3, the first component of the 116-acre development along Metro Boulevard near Route 3.
The Port Street Corridor Improvement Project also includes upgrades to the Corbin Street ramp and is expected to significantly reduce travel time for vehicles accessing the port, along with improving flow of goods, decreasing air pollution and reducing accidents.Ĭlifton Approves Marriott AC/Element Hotel Plan Port Newark Road Infrastructure Gets Fed FundsĪ $44 million grant from US DOT will allow the Port Authority to upgrade Port Street, the main northern access road for Port Newark and the Elizabeth Port Terminal (EPAMT). Bergen-Hudson-Passaic was down 1,500 jobs, a 5% drop Newark was down 1,300 jobs, a 3% drop Atlantic City-Hammonton was down 300 jobs, a 6% drop Camden was down 200 jobs, a 1% drop, and Trenton was down 100 jobs, a 2% drop.
In New Jersey, Middlesex-Monmouth-Ocean and Vineland-Bridgeton came out on the plus side for the 16-month period, adding 2,500 jobs (up 6%) and 500 jobs (up 18%), respectively. New York City continues to land in the bottom five, clocking a loss of 22,000 jobs (down 14%). Of 358 metro areas, 101 (28%) marked declining or stagnating construction employment numbers in June compared to pre-pandemic February 2020, and 257 (72%) added jobs, according to the latest analysis from AGC of America. June Metro Construction Employment Improved Public hearing and final approval are scheduled for the agenda of the August 9 Council meeting.
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