Press Release

September 21, 2020

AECOM Tishman Delivers Ahead of Schedule and Under Budget Completion of One Vanderbilt


New York’s Newest Iconic Office Tower is Second Tallest Office Building in City

NEW YORK (Sept. 21, 2020) – AECOM Tishman marked the historic opening of One Vanderbilt last Monday, joining owner SL Green, Mayor Bill DeBlasio and city leaders at a ribbon cutting to celebrate New York City’s newest iconic skyscraper. The building abuts Grand Central Terminal and is now the second tallest office tower in New York City.

AECOM Tishman served as construction manager on the 1,401-foot office tower in Midtown East. The firm completed the project ahead of schedule and under budget.

“We want to thank SL Green for their vision and leadership, and for including us in this great project,” said Jay Badame, president of AECOM Tishman. “One Vanderbilt is more than a symbol of the resurgence of Midtown East, it’s a symbol of New York’s endurance and a tribute to the thousands of trades-people who brought it to fruition and who build in this City. We’ve built New York icons before, we did it here, and we know we’ll do it again.”

One Vanderbilt features 1.7 million square feet of space and includes a transit hall with direct access to Grand Central and a 14,000 square foot public plaza at the base. The super tall structure was built with over 26,000 tons of U.S. steel and 74,000 cubic yards of concrete. In 2017, AECOM Tishman completed the continuous pour of 8,438 tons of concrete over a span of nineteen hours at One Vanderbilt, the largest ever continuous pour of concrete in Manhattan.

At the height of construction, over 1,200 workers were onsite at a given time. The project also employed over 50 subcontractors.

“One Vanderbilt will define the New York skyline for generations to come. We are proud to have played a role in delivering this transformative project and showing that New York continues to rise to new heights,” said Jay Badame.

Fast Facts about Construction at One Vanderbilt:

  • Construction at One Vanderbilt created over 3,400 temporary constructions jobs and 1,800 spillover jobs
  • The project took over 4 million-man hours to complete
  • The structure includes 5,490 tons of rebar and 905,000 square feet of exterior wall
  • One Vanderbilt includes 581,667 square feet of glass, which is equivalent to ten football fields
  • One Vanderbilt includes 5,675 individual stairs

About AECOM Tishman

AECOM Tishman is one of the world’s leading builders, spanning over 100 years and responsible for managing construction of more than 600 million square feet, including iconic projects such as the World Trade Center, Manhattan West, One Vanderbilt, and Hudson Yards. AECOM Tishman is part of AECOM, the world’s premier infrastructure consulting firm, delivering professional services throughout the project lifecycle – from planning, design and engineering to program and construction management. We partner with our clients in the public and private sectors to solve their most complex challenges and build legacies for generations to come. On projects spanning transportation, buildings, water, governments, energy and the environment, our teams are driven by a common purpose to deliver a better world. AECOM is a Fortune 500 firm and its Professional Services business had revenue of approximately $13.6 billion in fiscal year 2019. See how we deliver what others can only imagine at and @AECOM.

Forward-Looking Statements

All statements in this communication other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, coronavirus impacts, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; impacts caused by the coronavirus and the related economic instability and market volatility, including the reaction of governments to the coronavirus, including any prolonged period of travel, commercial or other similar restrictions, the delay in commencement, or temporary or permanent halting of construction, infrastructure or other projects, requirements that we remove our employees or personnel from the field for their protection, and delays or reductions in planned initiatives by our governmental or commercial clients or potential clients; losses under fixed-price contracts; limited control over operations run through our joint venture entities; liability for misconduct by our employees or consultants; failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; high leverage and potential inability to service our debt and guarantees; exposure to Brexit; exposure to political and economic risks in different countries; currency exchange rate fluctuations; retaining and recruiting key technical and management personnel; legal claims; inadequate insurance coverage; environmental law compliance and adequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; AECOM Capital real estate development projects; managing pension cost; cybersecurity issues, IT outages and data privacy; risks associated with the benefits and costs of the Management Services transaction, including the risk that the expected benefits of the Management Services transaction or any contingent purchase price will not be realized within the expected time frame, in full or at all; the risk that costs of restructuring transactions and other costs incurred in connection with the Management Services transaction will exceed our estimates or otherwise adversely affect our business or operations; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement.

Media Contact:

John Gallagher