Tutor Perini Corp.’s subsidiary WDF Inc. has won a contract with the New York City Housing Authority for the Sandy Recovery Program Restoration at Baruch Houses. The contract will add about $172 million to the Sylmar construction company’s revenue stream.
The project includes restoration and infrastructure improvements to the Baruch Housing complex, which consists of 18 buildings on 28.5 acres in Manhattan. The public housing complex’s upgrade will add new roadways, sidewalks and green spaces, as well as new flood elimination systems and improvements to sewer and storm management systems. Architectural improvements include the rehabilitation of building entrances and portions of all buildings damaged in 2012 during Hurricane Sandy.
Work on the project will commence in early 2018 and finish by mid-2021.
WDF is a full-service specialty contractor in the New York metropolitan region that provides general contract services to all major state and city agencies.
Tutor Perini (TPC) announced the contract on Friday. Shares closed Tuesday up 70 cents, or 2.8 percent, to $25.95 on the New York Stock Exchange.