Raising of retail bar creates high-end building boom.A walk down just about any street in Manhattan--and increasingly in the other boroughs as well--speaks volumes about the healthy state of New York's retail market. Moreover, nearby business districts, particularly in the affluent suburbs, are also thriving. Vacancies are at a minimum and more of the tenants are high-end merchants catering to an ever more sophisticated consumer base. For ACC See adaptive cruise control. , this has meant a marked increase in luxury retail build-outs over the past year, with more slated in every part of the city. From the design perspective, the result has been a diverse mix of interior trends that encompasses everything from classic finishes to ultra modern materials. That said, these diverse styles are in complete alignment in their purpose, which is to provide customers with an environment and atmosphere reflective of the dollar amounts they are willing to spend. For example, ACC recently completed a 6,800 s/f build-out for Commerce Bank on the ground floor of Paramount Plaza near Times Square--a Class-AAA building. Given its prominent location and exclusive address, this branch required the use of exceptionally high-end finishes including wood paneling, stone floors and granite teller stations. The project comprises ACC's eighth Commerce Bank in the greater New York Metropolitan area New York–Northern New Jersey–Long Island is the most populous metropolitan area in the United States and the third most populous in the world, after Tokyo and Mexico City. , and in each case this same standard was required and met. This being a luxury market, the livelihood of neighboring neigh·bor n. 1. One who lives near or next to another. 2. A person, place, or thing adjacent to or located near another. 3. A fellow human. 4. Used as a form of familiar address. v. merchants depends especially on their ability to deliver a quality shopping experience. Given the prevalence of renovations, some stores even require extensive alterations while remaining fully functional. In White Plains, for example, ACC recently completed several major contracts including a build-out for E-Trade and a multi-phased project with Tiffany's in the posh Westchester Mall. The Tiffany's project was especially complex, as this was an operational retail store, therefore the project was completed in two phases. Phase one entailed the construction of a temporary partition down middle of store with a major renovation occurring on one side while store continued to operate as usual on the other. For phase two, Tiffany's moved to the phase one side of the partition and demolition began on the previous retail space. Tremendous synchronization (1) See synchronous and synchronous transmission. (2) Ensuring that two sets of data are always the same. See data synchronization. (3) Keeping time-of-day clocks in two devices set to the same time. See NTP. with Tiffany's staff was required, as was precise coordination of materials so that the two phases would merge seamlessly upon completion. Before construction was even begun, millwork showcases and furniture were both underway. The lighting was laid out so that when the millwork was delivered three months later, it would fit perfectly in place and each component of the lighting aligned. It was essential that light coves be created with perfect elevations to match up with the showcases below. The intricately detailed ceiling required careful calculations as well. Electricity was another major consideration, as the wiring had to be upgraded during both phases without disrupting power on the operational side. Additional improvements included the installation of a new HVAC (Heating Ventilation Air Conditioning) In the home or small office with a handful of computers, HVAC is more for human comfort than the machines. In large datacenters, a humidity-free room with a steady, cool temperature is essential for the trouble-free system and new floors across both sections. The contract was completed two weeks ahead of schedule. The luxury retail market in White Plains is not an anomaly. The entire New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. metro area This article is about the music production team. For the article about population centers, see metropolitan area. Metro Area are a Brooklyn-based dance music production team composed of Morgan Geist and Darshan Jesrani. is moving in a similar direction, though different locales are at different stages in the process. In particular, lower Manhattan Lower Manhattan is the southernmost part of the island of Manhattan, the main island and center of business and government of the City of New York. Lower Manhattan is generally defined as the area delineated on the north by Chambers Street, on the west by the Hudson River (North has been exceptionally active, moving progressively downtown from SoHo to Tribeca and, more recently, the Financial District. In fact, ACC is currently working on a jewel of a project on Wall Street. Many circumstances are currently driving the demand for luxury goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and surrounding areas, including well-heeled consumers flora Wall Street. Ultimately, it translates into a retail building boom with high volume and superb finishes defining major trends across the board. Clearly, this attention to quality is the hallmark of a robust retail market, which we look forward to participating in for some time. BY MICHELE MEDAGLIA, PRESIDENT AND CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , ACC CONSTRUCTION |
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