Issue 35 – December 2023

The end of 2023 is already upon us and our $425 million goal has been surpassed with $469 million in new awards and an additional $253 million in pending awards. Major wins — The Waylen Hotel at the Navy Yard, Princeton Plasma Physics Lab, AmeriHealth Caritas, Foundation Academy Charter School — ensured work in a healthy cross-section of markets, while construction activity is continuing at some of our first-quarter wins — Penn Charter Lower School, Germantown Friends School Commons & Center for the Arts, and Elmwood Park Zoo.

The Renovations and Interiors group saw growth in corporate office fit-out work, despite market projections, and as a result, experienced a rise in awards during the fall. Major wins included projects for Fox Rothschild, Ardent Federal Credit Union, the Philadelphia 76ers, and Insomnia Cookies. The team continues invaluable infrastructure work at University of Pennsylvania’s Pennovation Works and fit-out of additional floors of Cira Centre for various life sciences clients.

We look forward to a strong 2024 with several potential projects on the horizon, including Hilco’s Bellwether District Innovation Center, additional laboratory work at Washington Square’s Curtis building, and numerous office fit-outs adding to our Center City Business District portfolio of work.

We are grateful for your commitment and support of projects and our office culture. Your dedication has been instrumental in our collective success. We look forward to more creativity and teamwork in the coming year. THANK YOU.