Smith-Midland wins $5.5 million SlenderWall contract in major New York redevelopment project

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[{"type":"text","content":"MIDLAND, VA / ACCESSWIRE / April 14, 2021 / Smith-Midland Corporation (NASDAQ:SMID) today announces a contract win to provide architectural precast concrete cladding products and services, including Smith-Midland's proprietary SlenderWall system for use in a 19 story multi-family structure in New Rochelle, New York.11 Garden Street, New Rochelle DevelopmentNew Rochelle embarked on an ambitious $4 billion redevelopment plan to spark a major economic rebirth of their historic downtown. The plan includes 12 million square feet of new development, comprised of three dozen mixed-use, multi-family, office, and hospitality projects.One of the projects to break ground in the first wave of development is 11 Garden Street. The 19 story multi-family structure is being developed by Glenwood Management of New Hyde Park, New York. On March 25 Glenwood contracted with Smith-Midland to provide over $5.5 million of architectural precast concrete cladding products and services including the Company's proprietary SlenderWall system. Glenwood Management is a private, multi-generational New York City real estate developer, owner, and manager specializing in high-end luxury apartments. The 219-unit project designed by the architectural firm, Stephen B. Jacobs Group, will utilize over 72,000 square feet of white acid-etch finished SlenderWall architectural precast panels in combination with 15,000 square feet of traditional architectural precast to clad the exterior of the structure. Both products will be manufactured under PCI certified guidelines in Smith-Midland's flagship Virginia plant. The SlenderWall panels will also receive factory-applied high thermal performance R-24 closed-cell spray foam insulation prior to shipment. In accordance with the Company's lean manufacturing process, Smith-Midland will handle all just-in-time transportation, and erection services for this project. Construction began in February 2021 with completion planned for 2023.\"Our strength in the New York and New Jersey markets continues with this project for Glenwood. We have completed a cluster of great projects along the Hudson River in the past five years, and we hope to duplicate that pattern with our project in the New Rochelle redevelopment initiative. We are focused on growing our proprietary, lightweight SlenderWall cladding business and continue to add value for ...

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