Published Nationally Northeast Edition
® November 28 2018 Vol. LVI • No. 24
“The Nation’s Best Read Construction Newspaper… Founded 1957.”
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Inside
$5B American Dream Becoming Real in N.J. By Cindy Riley CEG CORRESPONDENT
Cat Showcases Wide Array of New Products…10
CEG Reveals Our Top Holiday Gift Picks…48
Promising to redefine the entertainment, leisure and shopping experience, American Dream Meadowlands may soon become a reality in East Rutherford, N.J. The $5 billion development, which has been in the works for years, is located at the site of the ill-fated “Xanadu” project, which became a source of ridicule by politicians and the public when it ultimately flopped. Despite major delays and a string of unsuccessful developers, promoters insist there’s a market for the rescued mega-mall. “We feel strongly that the region is vastly underserved for this type of project,” said American Dream spokesperson Lincoln Palsgrove. “Our unique blend of entertainment and retail, wellness, lifestyle and see DREAM page 94
PCL Construction photo
Having experienced its own roller coaster ride of sorts, American Dream — now being developed by Triple Five — will reportedly generate more than 23,000 jobs during the construction phase.
Hoffman Equipment Acquires Assets of Penn-Jersey Catskill Aqueduct Project Begins…54
Table of Contents................ 4 Paving Section.............. 57-69 Trailer Section.............. 73-89 Snow & Ice Section..117-119 Parts Section....................120 Auction Section...... 124-140
Hoffman Equipment (Hoffman) is expanding its retail territory in Northeast United States. The Piscataway, N.J.-based dealer is purchasing Penn-Jersey Machinery’s assets and will start selling Volvo Construction Equipment (Volvo CE) products for the first time. The deal was completed Nov. 19. Hoffman is taking over Volvo CE distribution in the territories previously covered by PennJersey Machinery and Malvese Equipment. Hoffman will assume Penn-Jersey Machinery's three locations – Deptford and Middlesex, N.J., and Lionville, Pa. – which add to Hoffman's existing locations in New Jersey and New York. To ensure a smooth transition for Volvo CE customers, all current Penn-Jersey staff will be see HOFFMAN page 28
Business Calendar.......... 130 Advertisers Index............ 130
Tim Watters, (L), president of Hoffman Equipment, and Ryan Sherwood, vice president of retail development, Volvo CE.