Projects

Federal Reserve Bank

HEADQUARTERS AND OPERATIONS CENTERS

 

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  • Project Overview
  • Project Details

LOCATION:
New York; Cleveland; Atlanta

COMPLETED:
August 2001

TOTAL SQUARE FOOTAGE:
Federal Reserve Bank of New York
425,000 sq. ft.

Federal Reserve Bank of Cleveland
273,000 sq. ft.

Federal Reserve Bank of Atlanta
750,000 sq. ft.

PROJECT SERVICES:
Construction Management

Torcon was initally selected by the Federal Reserve Bank of New York to provide CM services for its new Operations Center in East Rutherford, New York.

The 400,000 sq. ft., three-story structure was designed to house highly automated processing operations in a “fail-safe” and secure environment. All incoming utility power and communication lines and building systems have redundant features to reduce any possibility of disruption. The entire facility is also served by a self-contained emergency diesel generator power plant capable of supplying all of EROC’s electrical needs in the event of a utility power outage or attack.

Fed operations centers are high-security, 24-hour facilities that host cash and coin transactions in support of regional commercial banks. The cash storage areas are highlighted by massive vaults serviced by fully automated storage and retrieval systems and automated guided vehicles.  Electronic fund transfers are processed in facility data centers, with daily transactions measured in the trillions of dollars.

After the completion of EROC, Torcon completed a $5 million, 19,000 square foot computer room addition that also included 4,000 square feet of renovated space within the operating facility; and a $3.5 million cash/check renovation project.

The Cleveland project encompassed a six-story, 273,000 square foot operation center annex added adjacent to the existing ten-story headquarters. Upon completion of the Annex, a complete renovation of the 430,000 square foot headquarters building was completed. The renovation process included a complete restoration and upgrade of the historically registered building’s interior spaces and exterior.

In Atlanta, a ten-story, 750,000 square foot facility was built on a new midtown site. The lower levels of the building house the operation facilities including a five-story automated cash vault, cash and check processing and shared facilities, such as the conference/training center, cafeteria and dining rooms. The building also houses administrative offices and features a Monetary Museum.