KBD Group starts construction at 18 Vesey Street in New York City

By AI, Created 5:23 PM UTC, May 18, 2026, /AGP/ – Kajima Building & Design Group has begun work as general contractor at 18 Vesey Street for Seafarers International House. The project adds to KBD Group’s urban portfolio and extends the property owner’s long-term investment in its New York City real estate assets.

Why it matters: - 18 Vesey Street adds another urban project to KBD Group’s portfolio. - The job strengthens KBD Group’s presence in commercial and institutional real estate. - Seafarers International House is continuing to invest in property that supports its long-term operating needs.

What happened: - Kajima Building & Design Group, INC. has started construction as general contractor at 18 Vesey Street in New York City. - The project is being done on behalf of Seafarers International House. - Construction has recently begun, advancing plans for continued investment in the property.

The details: - KBD Group is managing all construction operations for the project. - The company is providing general contracting services focused on efficient execution and delivery. - KBD Group was selected for its experience delivering complex building projects. - The selection also reflected KBD Group’s collaborative approach to working with property owners. - Seafarers International House supports mariners and international travelers. - The organization is investing in its real estate assets to keep facilities aligned with long-term operational needs. - KBD Group has more than 60 years of experience delivering construction services. - The firm’s service lines include Design-Build, General Contracting, Construction Management and Design.

Between the lines: - The project signals continued demand for experienced contractors on urban, mixed-use or institutional work in New York City. - KBD Group is using this project to deepen its footprint in city-based development, not just add to its backlog. - The release frames real estate investment as an operating strategy for Seafarers International House, not only a facilities upgrade.

What’s next: - KBD Group will continue construction management and general contracting work through delivery. - The project will move forward as Seafarers International House aligns the property with its long-term needs. - KBD Group is likely to continue pursuing similar urban development opportunities as it expands its portfolio.

The bottom line: - 18 Vesey Street is a new New York City project that gives KBD Group another visible urban assignment while supporting Seafarers International House’s long-term property strategy.