Turner Selected to Redevelop Former Hahne & Co. Flagship Store

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Turner to manage the transformation of former Hahne & Co department store into mixed-income residential development

We are excited to work with area partners to deliver a valuable resource for our community.

Turner Construction Company is pleased to announce that L+M Development Partners has selected Turner to manage the transformation of Newark, New Jersey’s historic Hahne & Co. department store into a mixed-income residential development with commercial and retail space.

Originally built in 1901 as Hahne & Company’s flagship store, the Broad Street building has been vacant for more than 30 years. Now, having recently undergone a make-ready phase that included a complete rehabilitation of the exterior facade, a number of interior structural upgrades and reinforcements and the construction of several new stairwells and elevator shafts, the Newark icon is ready to begin its next chapter.

The redeveloped Hahne & Co. will include 160 mixed-income apartments, more than 160,000-square feet of retail, commercial community and office space split between the original, historic structure, and an adjacent, 110,000-square-foot building now under construction. It will also feature an underground parking area with 200 spaces.

“In our area it seems like almost everyone has a story from their childhood about their parents or their grandparents shopping at the Hahne & Co. on Broad Street. It’s a local landmark and that history makes it an important part of Newark’s revitalization,” said Larry Boresen, manager of business development for Turner. He continued, “In that spirit, one of our objectives during construction is to create opportunities for a diverse, local workforce, as well as local minority and women owned subcontractors and vendors. We are excited to work with area partners to deliver this valuable resource for our community.”

About Turner Construction Company
Turner is a North America-based, international construction services company. Founded in 1902, Turner first made its mark on the industry pioneering the use of steel-reinforced concrete for general building, which enabled the company to deliver safer, stronger, and more efficient buildings to clients. The company continues to embrace emerging technologies and offers an increasingly diverse set of services. With an annual construction volume of $10 billion, Turner is the largest builder in the United States, ranking first in the major market segments of the building construction field, including healthcare, education, sports, commercial, and green building. The firm is a subsidiary of HOCHTIEF, one of the world’s leading international construction service providers. For more information please visit http://www.turnerconstruction.com.

HOCHTIEF is one of the most international construction groups worldwide. The company delivers complex infrastructure projects, in some cases on the basis of concession models. The Group operates in the transportation infrastructure, energy infrastructure and social/urban infrastructure segments as well as in the contract mining business.

With about 53,000 employees and a sales volume of more than EUR 22 billion in FY 2014, HOCHTIEF is represented in all the world’s major markets. With its subsidiary Leighton, the Group is market leader in Australia. In the USA, the biggest construction market in the world, HOCHTIEF is the No. 1 general builder via its subsidiary Turner and, with Group company Flatiron, ranks among the most important players in the field of transportation infrastructure construction. Because of its engagement for sustainability, HOCHTIEF has been listed in the Dow Jones Sustainability Indexes since 2006. Further information is available at http://www.hochtief.de/press.

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Christopher McFadden
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Turner Construction Company
since: 03/2012
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