GFI Development adopts Submittal Exchange on Five Beekman Street Project

Textura Corp. (NYSE: TXTR) said that GFI Development Company is using Submittal Exchange to manage design and construction communications for the elaborate renovation of the unique Five Beekman Street project in Manhattan´s financial district.

GFI Development said it is using both of Textura´s Submittal Exchange web-based collaboration solutions on the Five Beekman Street project. Submittal Exchange for Design improves efficiency and communication during the design phase of a project. Submittal Exchange for Construction allows project teams to electronically exchange, review and archive construction submittals, RFI´s and other communications on the construction phases of a project.

GFI Development and GB Lodging are converting the Five Beekman Street building into a luxury hotel consisting of approximately 287 guest rooms and over 68 residential units that will be operated by Commune Hotels.

GFI Development, an affiliate of GFI Capital Resources, is a New York-based real estate developer that focuses on opportunistic projects in major metropolitan areas. Its website is at www.gfidevelopment.com

Textura is the provider of collaboration and productivity tools for the construction industry. Its website is at www.texturacorp.com

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