Turner Corp. Awarded $100 Million Contract to Build Swiss Bank Corp. Office Building

Strategic Insights -

Turner Corp., the nation's leading general builder, has been awarded a significant $100 million contract to construct a new office building for Swiss Bank Corp. in Stamford, Conn. The project, which will be completed in less than two years, will feature a 12-story building with 580,000 square feet of office space, a trading pavilion, and a 368,000 square foot parking garage. This high-profile project is a testament to the strength of the Stamford community and the trust placed in Turner Corp. by repeat clients, who account for more than sixty percent of the company's business.

Key Takeaways:

  • Turner Corp. has been awarded a $100 million contract to build a new office building for Swiss Bank Corp. in Stamford, Conn.
  • The project will feature a 12-story building with 580,000 square feet of office space, a trading pavilion, and a 368,000 square foot parking garage.
  • Construction is scheduled to begin in December 1995 and be completed in less than two years, with occupancy set to begin in fall 1997.
  • This project demonstrates Turner Corp.'s expertise in delivering high-profile projects, evidenced by the company's current work on a corporate headquarters building for Duracell and the Meadows Music Theatre.
  • Turner Corp. has a strong track record of working with repeat clients, who account for more than sixty percent of the company's business.
  • The company operates through 35 offices and has construction projects underway throughout the United States and abroad.
  • In 1994, Turner Corp. completed $2.6 billion of construction, solidifying its position as a leader in the non-residential building market.

Statistics:

  • $100 million: The value of the contract awarded to Turner Corp. for the construction of the Swiss Bank Corp. office building.
  • 12: The number of stories in the new office building.
  • 580,000: The square footage of office space in the new building.
  • 368,000: The square footage of the parking garage.
  • 2 years: The timeframe for the completion of the project.
  • 1995: The year in which construction is scheduled to begin.
  • 1997: The year in which occupancy is set to begin.
  • 60%: The percentage of Turner Corp.'s business generated from repeat clients.
  • $2.6 billion: The value of construction projects completed by Turner Corp. in 1994.

Sources:

  • Turner Corp.
  • Swiss Bank Corp.