Beacon Consulting Group has been providing independent construction loan monitoring services for a new office building construction project underway in the Chelsea neighborhood of Manhattan. In recent weeks, the project reached a significant milestone as the 12-story building's superstructure was topped out. New York City-based GDS Development is building the Class A tower in partnership with Klövern AB, one of Sweden's largest real estate companies. The project is located at the northwest corner of 7th Ave. and 28th Street, just south of Penn Station and a short distance east from the High Line and Hudson Yards...
Beacon Consulting Group has extensive experience undertaking construction defects assessments for insurance companies and sureties. One example of our experience in this area is a project we did for an insurance client which entailed claims review, construction defects assessment, and other construction consulting services related to structural issues found at a student housing / apartment complex located in Charlotte, NC. The associated project consisted of the construction of five new buildings containing a total of 189 apartments. These apartments are used primarily for student housing. During a large party in one of the units, the ceiling began to sag. As a result, it was discovered there were deficiencies in the wooden structural trusses.
Beacon was recently hired by a leading Surety company for a very unique bid review project, related to hull repairs on a retired WWII battleship. John Yeung led the bid review project for Beacon, which is described below. The USS North Carolina is a decommissioned World War II battleship which is now a Museum Ship and a National Historic Landmark docked in Wilmington, NC. The battleship, which is more than 728 feet long and has a displacement of 36,000 tons, was built at the New York Naval Shipyard (later renamed The Brooklyn Navy Yard) between 1937 and 1941. After the U.S. was attacked by Japan at Pearl Harbor in December of 1941, the ship was activated for the war effort, first in the Atlantic and then in the Pacific, where it engaged in numerous campaigns and even survived a torpedo attack by a Japanese submarine. After Japan surrendered in 1945, the ship helped to transport American troops back to the U.S...
In late January of 2020, The Pestana Hotel Group opened its 100th hotel, Pestana Park Avenue. The 27-story, 96-room, 39,964-sf hotel is located on East 39th Street at the corner of Park Avenue in New York City. Pestana is Portugal's largest multi-national hotel chain, with properties located in 16 countries on four continents. Starting in late 2017, Beacon Consulting Group was retained by a leading international bank to provide construction loan monitoring services related to the project. For more than two years during the hotel's construction, Beacon's team helped the bank to keep a close eye on progress of the hotel's construction. Beacon project engineers visited the construction site on a regular basis, communicated closely with the team managing the project and provided regular "draw-down reports" to the bank...
We are happy to announce that Beacon's new website has been launched. Some of the enhancements to the site include its mobile-friendly format, new content, more project profiles, event photo galleries, more information about Beacon's services and other resources...
GDSNY is a leading real estate development company based in New York City. The company's principals have experience designing and developing major commercial and residential real estate projects around the world. GDSNY has retained Beacon Consulting Group to provide independent construction monitoring services for a new 11-story, 100,000-sf, Class A office building being built at the northwest corner of 7th Avenue and 28th street in Manhattan's Chelsea neighborhood. Groundbreaking at the site, located directly across 28th street from The Fashion Institute of Technology, occurred in late October of 2019
Normally, Beacon can say “This ain’t our first rodeo” when taking on a construction consulting assignment. However, this is the first time Beacon is consulting on a construction project at a rodeo stadium. The project involves providing construction consulting / surety consulting services related to a project underway at a large rodeo stadium / agricultural center located in the Memphis, TN area.
Beacon’s Dan Newcombe has been providing construction consulting services for one of the largest skyscraper projects underway in New York City—One Vanderbilt Place, a 67-floor, supertall skyscraper being built at the corner of 42nd Street and Vanderbilt Avenue in midtown Manhattan...
As part of a larger Surety Consulting assignment involving multiple project sites across the U.S., Beacon Consulting Group is providing Construction Management Oversight services for a project underway at a U.S. Army research facility located in Massachusetts.
Beacon's NYC team is providing construction consulting services for a number of high-profile construction projects in New York City. For more than a decade, Beacon has been providing pre-construction consulting, construction-loan-monitoring and related services for banks and other entities involved in the financing of new construction projects throughout the U.S. With the construction boom in New York City in recent years, Beacon has been actively involved in loan monitoring for a number of high-rise residential, commercial and hotel building projects. Two hotel projects which Beacon has been providing loan monitoring services for in recent months are located in midtown Manhattan.
