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| Otis selected for landmark Hudson Yards development Otis has entered into a multimillion-dollar agreement with Related Companies to supply elevator and escalator units for the new Hudson Yards development in Manhattan's West Side. As part of its contract, the world's largest manufacturer and maintainer of people-moving products will provide 73 units for 30 Hudson Yards, a 92-story, 2.6 million-square-foot tower that will be among the first to be constructed at the site. Founded by the inventor of the safety elevator, Otis is a part of UTC Building & Industrial Systems, a unit of United Technologies Corp. (NYSE: UTX). The 28-acre Hudson Yards development is being built over a functioning railroad system and will offer more than 17 million square feet of office, retail, residential and hotel space. As part of this agreement, the office tower at 30 Hudson Yards will include 56 Otis Skyrise elevators, 11 NCE energy-efficient, environmentally responsible escalator systems, five hydraulic elevators and one geared freight elevator. The elevators will use Otis' CompassPlus destination management system, which organizes travel to provide a personalized passenger experience and improved traffic flow while saving energy. The Hudson Yards project is being developed by Related Companies and Oxford Properties Group. On-site elevator and escalator work is expected to begin in the first half of 2016. write your comments about the article :: © 2015 Construction News :: home page |