Five Star Electric, a Tutor Perini Corp. specialty electrical and mechanical contractor, has received three contracts in New York valued at $141 million, the company announced on Tuesday.
Five Star, acquired by Sylmar construction company in 2011, was awarded an $88-million subcontract by Judlau Contracting Inc. for the South Ferry Subway Station Upgrade project in Lower Manhattan.
Superstorm Sandy in October 2012 flooded the South Ferry Station and destroyed all of its electrical and mechanical systems, including escalators, turnstiles and signals. The work will include renovation of the electrical infrastructure within the station and tunnel area, including lighting, power, communications, fiber optics and signaling.
Construction started earlier this month and substantial completion is anticipated by June 2017. The project owner is the New York Metropolitan Transportation Authority-New York City Transit.
The company also was awarded a $32.4 million contract on the Riverside Center, an eight-acre development near the Hudson River that formerly was the site of Penn Central train tracks. It will perform all the electrical work for a 42-story residential tower with 361 apartments. Construction started earlier this month and substantial completion is anticipated by June 2017. The project owner is El-Ad Group and Silverstein Properties.
And it was awarded $20.6 million for doing all electrical work on 610 Lexington Ave., a 61-story residential tower of 99 apartments. Construction started earlier this month and substantial completion is anticipated by December 2016. The project owner is 610 Lexington Ave LLC.
Tutor Perini acquired Five Star as part of its $208 million acquisition of GreenStar Services Corp. a New York electrical and mechanical contractor with revenue of $560 million in 2010.
Shares of Tutor Perini closed up 49 cents, or 2 percent, to $24.32 on the New York Stock Exchange.