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Construction Industry News: Mutual of Omaha Plans New Headquarters Tower for Downtown Omaha, NE

Earlier this year, Mutual of Omaha and the Mayor of Omaha announced plans for a new $433-million skyscraper to be built in downtown Omaha. Although the project must still be formally approved by the Omaha City Council, many details about the project have been released by the city and Mutual of Omaha. The proposed tower (known as "Project Beacon") would be between 40 and 50 stories tall, up to 650 feet in height, with 800,000 square feet of office space and 2200 parking spaces. Depending on the final approved design, the tower could end up being the city's tallest building...

Happy St. Patrick's Day from Beacon Consulting Group!

Even if you don't have Irish roots, St. Patrick's Day can be a great day to celebrate the end of the winter. Across the U.S., St. Patrick's Day means parades, parties, and "corned beef & cabbage" dinners. Downtown Chicago has one of the more unusual and famous traditions -- Every St. Patrick's Day the local plumbers union dyes part of the Chicago River emerald green. Members of Local 130 use 50+ lbs of vegetable dye mixed with water which then gets sprayed into the river from boats.

Beacon Supports Philabundance & Other Charities To Help Fight Hunger During Covid-19 Pandemic

In early June, Beacon Consulting Group joined with other members of the Philadelphia Surety Claims Association (PSCA) to contribute $10,000 to Philabundance, a charity committed to fighting hunger in the greater Philadelphia area. The PSCA donation will help to provide 20,000 meals to those in need in the Philadelphia area. Founded in 1984, Philabundance is a proud member of Feeding America, a nationwide network of food banks leading the fight against hunger in the United States.

Elon Musk's "Boring Company" Starts Work on Its First Commercial Tunneling Project in Las Vegas

Billionaire Elon Musk founded The Boring Company (TBC) in December of 2016 with the goal of greatly reducing the cost of building tunnels and tunnel-based transportation systems. Part of his inspiration for entering into the business was his frustration with gridlock traffic in Los Angeles and the general limitations of the world's current "2-dimensional, road-based" transportation networks. The company's focus has been on developing tunneling methods and designs with which will speed up the tunnel construction process while greatly reducing costs.

International Construction News: $52-Billion Magnetic Levitation Train Project Underway in Japan

The Chuo Shinkansen project is a magnetic levitation ("maglev") railway project currently underway in Japan, being built by the Central Japan Railway Company. While Japan is famous for its high-speed bullet trains (which have been in operation since 1964), this new maglev train line will reportedly cut rail travel time between Tokyo and Nagoya by 50% when completed in 2027. With trains traveling faster than 265 mph, this will decrease the time for the 178-mile trip to just 40 minutes.

Modular Construction On The Rise In U.S. and Abroad: Here's Why

Modular construction is growing in popularity in the U.S. and internationally. Modular construction is a method of construction which involves pre-building standardized sub-structures (or "modules") of a structure in an off-site factory, then delivering them for on-site assembly. According to one recent article, more than a dozen modular projects have been either built or launched in the New York City area over the last few years. According to one industry group (the Modular Building Institute), the U.S. modular construction business has doubled in size to $8 billion in the past five years...

NYC Construction News: Hudson Yards Public Space has Become One of the City's Hottest Tourist Attractions

Located between 10th and 12th Avenues from West 30th to West 34th Street, Hudson Yards is a private real estate development located on the West Side of New York City. It is reportedly the largest private real estate development in the United States by area. Upon completion, 13 of the 16 planned structures on the West Side of Midtown South will sit on a platform built over the West Side Yard (a storage yard for Long Island Rail Road trains). The first of Hudson Yards' two phases opened in 2019. It includes a public green space and eight buildings which include residences, a hotel, office buildings, many retail shops, and cultural institutions. The second phase, projected to be completed by 2024, will include additional residential space, an office building, and a school...