Press release from Business Wire
AECOM's Tishman Construction managing construction of Arlington Downs luxury apartment tower conversion in Illinois
Tuesday, June 11, 2013
AECOM's Tishman Construction managing construction of Arlington Downs luxury apartment tower conversion in Illinois07:00 EDT Tuesday, June 11, 2013
LOS ANGELES (Business Wire) -- AECOM Technology Corporation (NYSE: ACM), a leading provider of professional technical and management support services for public and private clients in more than 140 countries around the world, announced today that its Tishman Construction operation is serving as construction manager and general contractor for Arlington Devco LLC's Arlington Downs.
Part of a US$250-million redevelopment effort, this complete renovation and conversion of the former Sheraton Hotel in Arlington Heights, Ill., will transform the 13-story building into a 214-unit luxury apartment and retail building.
Designed by Pappageorge Haymes Partners, the project features the renovation of the existing 300,000-square-foot tower, as well as the construction of a new 105,000-square-foot garage, new roadways, underground utilities and landscaping. The new subterranean parking garage will feature 312 parking spaces that will accommodate the new apartments.
“We are proud to be working with Arlington Devco on this innovative project for the Arlington Heights community,” said John M. Dionisio, AECOM chairman and chief executive officer. “Our construction services team is dedicated to successfully realizing the vision of this significant residential and retail redevelopment.”
Construction on the US$53-million project is expected to be completed in the summer of 2014.
AECOM is a global provider of professional technical and management support services to a broad range of markets, including transportation, facilities, environmental, energy, water and government. With approximately 45,000 employees around the world, AECOM is a leader in all of the key markets that it serves. AECOM provides a blend of global reach, local knowledge, innovation and technical excellence in delivering solutions that create, enhance and sustain the world's built, natural, and social environments. A Fortune 500 company, AECOM serves clients in more than 140 countries and had revenue of $8.2 billion during the 12 months ended March 31, 2013. More information on AECOM and its services can be found at www.aecom.com.
About Tishman Construction
Founded in 1898, Tishman Construction, a wholly owned AECOM subsidiary, is one of the world's leading builders, currently managing construction for the 1,776-foot-high One World Trade Center, the Javits Convention Center expansion and renovation in New York, the new headquarters for the U.S. Department of Homeland Security in Washington, D.C., and the new Anaheim Regional Transportation Intermodal Center for high-speed trains in California. Known for successfully managing complex, iconic projects, Tishman is responsible for the construction of more than 450 million square feet of space, incorporating facilities of every size and type, including arts and culture, commercial, convention centers, education, gaming, government, healthcare, hospitality, residential, retail, sports and leisure, technology and transportation. More information on Tishman Construction can be found at www.tishmanconstruction.com.
Forward-Looking Statements: All statements in this press release other than statements of historical fact are "forward-looking statements" for purposes of federal and state securities laws, including any projections of earnings, statements of plans for future operations or expected revenue. Actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause actual results to differ materially from our forward-looking statements are set forth in our quarterly report on Form 10-Q for the fiscal quarter ended March 31, 2013, and our other reports filed with the U.S. Securities and Exchange Commission. AECOM does not intend, and undertakes no obligation, to update any forward-looking statement.
Paul Dickard, 646-432-8473
VP, External Communications