Month: June 2021

Watermark Residential announced the acquisition of 17.5 acres of land in Port St. Lucie for their latest built-for-rent community, Boardwalk at Tradition. Boardwalk will be a leased residential community featuring 214 one- and two-story paired villa-style homes. The expected completion date is December 2022. Boardwalk at Tradition is located at... Continue reading

Niagara Bottling LLC will build a $70 million beverage manufacturing plant in Middleburg, reports JAX Daily Record. The Clay County Board of County Commissioners approved incentives grants for the 550,000-sq,-ft. project. The company did not disclose any construction timeline.

Verdex Construction says it has broken ground on the Pompano Beach Senior Activity Center at 2005 NW 9th St. This project for the City of Pompano Beach consists of a one-story, 8,500 sq. ft. facility with indoor and outdoor amenities. A municipal document from May 2020 says the project had... Continue reading

Total construction starts throughout the US dropped 1% in May to a seasonally adjusted annual rate of $902.8 billion, according to Dodge Data & Analytics. The brunt of the decline was borne by residential starts, while nonresidential and nonbuilding starts continued their recovery from the COVID-19 pandemic. “The weight of... Continue reading

Florida’s post-COVID-19 construction employment rebound is among the best in the nation, according to government employment data reviewed by the Associated General Contractors (AGC) of America. Florida added the most construction jobs between April and May (3,700 jobs, 0.6 percent), followed by Michigan (1,600 jobs, 0.9 percent) and Minnesota (1,200... Continue reading

A highrise condo building in Surfside, north of Miami Beach, collapsed overnight, resulting in a massive relief/rescue effort by local emergency authorities. By 7:30 a.m., some survivors — including at least one  child — had been rescued from the rubble. Police said later that at least one person had been... Continue reading

Summit Contracting Group is building Azalea Bay Apartments in Gulf Breeze. The site is located in the Gulf Islands National Seashore area on Gulf Breeze Parkway in Gulf Breeze. The project will consist of 222 units in seven three-story buildings. One-, two- and three-bedroom apartment homes will feature spacious layouts... Continue reading

The cost of goods and services used in construction climbed by a record-setting 4.3 percent in May and 24.3 percent over the past 12 months, jeopardizing contractors’ solvency and construction workers’ employment, according to an analysis by the Associated General Contractors of America (AGC) of government data released on June... Continue reading

Mill Creek Residential announced that construction is underway at Modera Coral Springs, a mixed-use apartment community in Coral Springs. The community, which will feature 351 apartment homes and 14,600 sq. ft. of retail space, is part of the greater Cornerstone at Downtown Coral Springs development. Initial move-ins at Modera Coral... Continue reading

The Latigo Group secured a senior construction loan and preferred equity totaling $61 million in financing for a multi-housing development in Kissimmee, just south of Orlando. The Infield Apartments will consist of 384 one-, two- and three-bedroom unit options, ranging from 699 to 1,354 sq. ft. Located at 1900 Ball... Continue reading