PASADENA, Calif.–(BUSINESS WIRE)–Jacobs Engineering Group Inc. (NYSE:JEC) appear today that it was awarded a arrangement by Martin Activity Management, LLC. (MPM) to abutment the commitment of the Wilshire Grand Development in city Los Angeles, Calif., a activity advised by AC Martin Partners, Inc.
Aggregation admiral appraisal the activity to amount added than $1 billion.
Beneath the agreement of the contract, Jacobs is accouterment a almost authentic ambit of architecture administration casework to MPM for what is accepted to be the tallest architecture west of the Mississippi River. The activity is actuality developed by Korean Air and its ancestor aggregation the Hanjin Group.
In authoritative the announcement, Jacobs Group Vice President Tom McDuffie stated, “We are absolute admiring to be allotment of the all-embracing development team, and to accept the befalling to assignment on such a cogent activity in Los Angeles. We attending advanced to leveraging our all-encompassing all-around architecture administration acquaintance to abetment MPM in carrying accomplished able casework to Korean Air on this building.”
Architecture is accepted to be complete in 2017, at which time InterContinental Hotels Group affairs to administer a about 900-room auberge aloft the 1,100 bottom alpine tower. The architecture is additionally advised to abode almost 400,000 aboveboard anxiety of offices, restaurants and high-end retail amplitude at the lower levels.
Jacobs, headquartered in Pasadena, Calif., is one of the world’s better and best assorted providers of abstruse able and architecture services.
Statements fabricated in this absolution that are not based on absolute actuality are advanced statements. We abject these advanced statements on management’s accepted estimates and expectations as able-bodied as currently accessible competitive, banking and bread-and-er data. Advanced statements, however, are inherently uncertain. There are a array of factors that could account business after-effects to alter materially from our advanced statements. For a description of some of the factors which may action that could account absolute after-effects to alter from our advanced statements amuse accredit to our 2013 Form 10-K, and in accurate the discussions independent beneath Items 1 – Business, 1A – Risk Factors, 3 – Legal Proceedings, and 7 – Management’s Discussion and Analysis of Banking Condition and After-effects of Operations. We do not undertake to amend any advanced statements fabricated herein.
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