July 30, 2016 10:40 AM ET

Construction and Engineering

Company Overview of Tishman Construction Corporation

Company Overview

Tishman Construction Corporation, through its subsidiaries, provides pre-construction and construction services in the United States. The company offers construction management, owner’s representative, value engineering, sustainability, and project management services, as well as involves in the procurement, administration, and management of insurance programs. Its projects include arts and culture, building renovations and interiors, commercial, convention centers, sports and leisure, K-12 and higher education, gaming, government, health and life sciences, historic renovations, hospitality, residential, retail and restaurant, technology, and transportation. The company was founded in 1898 a...

666 Fifth Avenue

New York, NY 10103-0256

United States

Founded in 1898

Phone:

212-399-3600

Fax:

212-957-9791

Key Executives for Tishman Construction Corporation

Chief Executive
Age: 56
Chief Financial Officer
Chief Executive of Aecom Capital
Chairman of AECOM and Chief Executive Officer of AECOM
Age: 68
Regional President of Tishman Construction Corporation of New York, Regional President of Tishman Construction Corporation of New Jersey, Regional President of Tishman Construction Corporation of Pennsylvania, Chief Operating Officer of Tishman Construction Corporation of New York, Chief Operating Officer of Tishman Construction Corporation of New Jersey and Chief Operating Officer of Tishman Construction Corporation of Pennsylvania
Compensation as of Fiscal Year 2016.

Tishman Construction Corporation Key Developments

Tishman Construction to Manage Construction of One Vanderbilt in Midtown Manhattan

AECOM has announced that its Tishman Construction unit will manage construction of One Vanderbilt, a commercial office development in Manhattan. Tishman will construct One Vanderbilt for SL Green Realty Corp. The 1,401-foot tall skyscraper is designed by Kohn Pedersen Fox (KPF) and located in the heart of New York's East Midtown business district. One Vanderbilt will stand directly adjacent to Grand Central Terminal. The 58-story building will include 1.6 million square feet of Class A commercial space, a public transit hall at the base of the building connected to a 14,000 square foot public plaza, and USD 220 million of public transit improvements to the Grand Central transit hub. When One Vanderbilt is completed, it is expected to be the second-tallest office tower in New York City making Tishman the builder for the two tallest office towers in New York City, including One World Trade Center, the tallest building in the Western Hemisphere. The building is designed to pay homage to the landmarked Terminal and fit seamlessly into the skyline with the Chrysler Building, its neighbor only one block away. It is also expected to be LEED v4 Gold Certified, indicating that it will be built with sustainability in mind. The total value of construction for the project is approximately USD 1 billion. Primary construction is scheduled to begin in 2016 and is expected to be completed in 2020.

U.S. Attorney's Office for the Eastern District of New York Files Fraud Charges in Brooklyn Federal Court against Tishman Construction Corporation

On December 10, 2015, U.S. Attorney's Office for the Eastern District of New York (the Office) filed fraud charges in Brooklyn federal court against Tishman Construction Corporation (Tishman Construction). Tishman Construction is charged with mail and wire fraud conspiracy for improperly billing its clients more than $5 million over a ten-year period for hours not worked and at rates that were in excess of the agreed upon contract rate. Also, Tishman Construction entered into a deferred prosecution agreement with the Office in which Tishman Construction admitted to fraudulently overbilling clients and agreed to pay more than $20 million in restitution to victims and penalties to the federal government. The company has additionally instituted far-reaching corporate reforms designed to eliminate future problems and enforce best industry practices. Through a systemic practice, Tishman Construction bilked its clients by charging them for unworked time and at rates higher than those bargained for by their clients. By doing so, Tishman Construction defrauded its clients and abused the trust placed in it to provide construction services on some of New York's most storied buildings. Over ten years, Tishman Construction improperly billed millions from its clients representing both public and private projects across the New York City area. December 10, 2015 restitution settlement of more than $20 million should help make right on a practice so wrong.

Tishman Construction to Provide Construction Management Services for New Residential Tower in Brooklyn

Tishman Construction announced that it has been selected to provide construction management services for Greenland Forest City Partners'535 Carlton Avenue. This 18-story residential tower is part of the Pacific Park Brooklyn development.

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