News: Long Island

Liberty Contracting builds $3.5 million, 12,347 s/f Merrin Chabad Center; Project team includes: Skyline, Michael J. Guido and Gold Coast Bank

East Setauket, NY Liberty Contracting of New York, LLC is the general contractor of the Merrin Chabad Center project located on 360 East Nicholls Rd. The $3.5 million, 12,347 s/f ground-up Jewish Community Center encompasses a turn key project which houses a lobby, offices, classrooms, conference room, reception, shul, social areas, kitchen, mikvah and ancillary rooms. The owner is Chabad at Stony Brook.

This project includes all new services on site to the building as well as parking, landscaping, site lighting and outdoor patios all developed on an 8.8-acre site. The completion date is December 2018.

Other project team members include: Construction manager, Skyline Builders Group; architect, Mike J. Guido Architect, P.C.; lender, Gold Coast Bank.

 

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The evolving relationship of environmental  consultants and the lending community - by Chuck Merritt

The evolving relationship of environmental consultants and the lending community - by Chuck Merritt

When Environmental Site Assessments (ESA) were first part of commercial real estate risk management, it was the lenders driving this requirement. When a borrower wanted a loan on a property, banks would utilize a list of “Approved Consultants” to order the report on both refinances and purchases.