A group of real estate and construction experts in the Meadowlands are bullish about future opportunities that will arise in the area in upcoming months and years, thanks to recently completed and planned projects. But maintaining a competitive edge, high quality of life and viable workforce are the keys to success, they advise.
The Meadowlands Regional Chamber’s Contractors & Building Services Committee hosted a panel discussion called ‘The Future of Construction & Development In The Meadowlands’ on June 6, drawing local industry professionals for a discussion on trends and project updates.
Opening remarks were provided by architect Anthony Guzzo of Guzzo + Guzzo and then a panel discussion was moderated by Robert Ceberio of RCM Ceberio LLC, who formerly served as the Executive Director of the NJ Sports & Exposition Authority (then the NJ Meadowlands Commission).
The following industry experts sat on the panel: Frank Recine, JLL; Ed Russo, Russo Development; & Patrick McGowan, McGowan Builders, Inc.
“This event was a unique opportunity to gain insight from key industry experts on current development trends in the commercial, residential and industrial real estate sectors throughout the Greater Meadowlands area. Attendees gained a glimpse into current and future building trends such as collaborative work environments, mixed-use residential communities, adaptive re-use and more,” said Guzzo.
While the tone of the discussion was mostly that of optimism, the panel also discussed extensively how future development projects need to be adapted to accommodate an economy in motion and its changing workforce.
“Forward-thinking landlords are building new and renovated office buildings to accommodate the next generation of employees. With the competitive landscape for skilled labor, employers recognize that in order to attract the best talent they need to create the right environment. Employees are more interested in the ‘experience’—which includes the work environment and surround amenities—than the last dollar and that is why ‘Live, Work, Play’ has become such a widely used term in the real estate industry,” explained Recine.
IBEW Local 164—which includes more than 2,000 electricians, active in Bergen, Hudson and Essex counties on residential, commercial and industrial projects, and more than 700 telecommunications workers contracted throughout the state—sponsored the event and Business Manager Daniel Gumble participated in the conversation during the Q&A period.
Vincent Prieto—who was appointed President of NJSEA earlier this year—also attended the event and engaged in the discussion, remarking on the many attractive attributes the region has to offer to those who live and work there.
The mission of the Meadowlands Regional Chamber’s Contractors & Builders Services Committee is to give exposure to the area’s construction and development industry. It works with other committees within the Chamber and serves as a resource for all Chamber members and businesses located within the Meadowlands.
Contractors & Building Services Committee Chairs:
Anthony Battaglia, KAD Associates,(917) 566-6183
Walter Psztur, B2B CFO, (201) 939-9416