JERSEY CITY — The Northeast Regional Council of Carpenters (NRCC) union picketed with a giant inflatable rat today in Jersey City to protest what they say are questionable practices of a subcontractor helping to build a 37-story building at 75 Park Lane.
“Simply put, this is another example of a project that exploits middle-class workers, uses cheap, non-local labor and banks on foreign investors for hundreds of millions of dollars in funding in exchange for U.S. visas,” said Bob Satriano, NRCC’s Director of Organizing.
Satriano said the union is picketing subcontractor Structure Tech, of New York, and fighting to protect the wages, benefits and retirement of hardworking middle-class Americans. He said Structure Tech is not paying area standard wages and not employing local workers who have families in Jersey City, spend money here and pay taxes in New Jersey.
Structure Tech, which is responsible for construction of the concrete super structure on the building, did not immediately respond to an email seeking comment on the union’s concerns.
The 75 Park Lane building, expected to open in 2018, will hold 358 residences within its 37 stories, with a mix of floor plans ranging from studios to three-bedrooms and penthouses.
It is one of two buildings in the project being developed by China Construction America, a subsidiary of construction behemoth China State Construction Engineering Corporation. The second building, across the street — Shore House — will have 71 one- and two-bedroom units on seven stories.
Pricing for one-bedroom condominiums in both buildings will start at $650,000, officials said.
The union says the project is utilizing the controversial EB-5 funding, which offers visas to foreign investors who provide more than $500,000 to a development project that generates more than 10 jobs per investor, Satriano said.
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