Month: August 2021

NorthMarq says it has co-ordinated a $34.23 million construction loan and secured an additional $10.6 million in preferred equity for a 288-unit multifamily project in Charlotte. Swiftwater Apartments is a Class-A suburban, garden-style apartment community scheduled to be delivered in mid-2023. The site plan approval issued last year indicates the... Continue reading

Amazon says it will bring a new 630,000 sq. ft. robotic fulfillment center to Leon County, based on a $200 million investment. “Amazon’s project is a once-in-a-generation economic development opportunity for the entire community,” Leon County Commission Chairman Rick Minor said. “Amazon’s investment in Florida’s Capital County will be transformative.... Continue reading

Associated Builders and Contractors (ABC) reports that its Construction Backlog Indicator remained unchanged at 8.5 months in July, according to an ABC member survey conducted July 20-Aug. 2, up 0.7 months from July 2020. ABC’s Construction Confidence Index readings for sales, profit margins and staffing levels all fell modestly in... Continue reading

Florida Construction News staff writer With bipartisan support, and over the objections of former President Donald Trump, the US Senate has passed a long-awaited and sweeping, $1 trillion infrastructure bill. The legislation that cleared the Senate on Aug. 10 now needs to be approved by the House of Representatives. About... Continue reading

Allegiant Travel Company says construction will resume this month on its $510-million Sunseeker Resort Charlotte Harbor resort in southwestern Florida. The company suspended the project’s construction in March 2020 because of the COVID-19 pandemic and its outsized impact on the travel and hospitality industries. Published reports indicate the project’s general... Continue reading

Demand for different types of construction continued to diverge in June as residential construction increased for the month and the year while nonresidential construction spending fell again, according to a new analysis of federal construction spending data the Associated General Contractors of America released on Aug. 2. Officials noted the... Continue reading

Florida’s construction employment picture in the 16 months of the COVID-19 pandemic depends where you are in the state. Some communities have seen significant employment growth in the months between February 2020 and June 2021, others have experienced equally dramatic declines, according to data compiled by the Associated General Contractors... Continue reading

The Asphalt Pavement Alliance (APA) based in Orange Park says it is accepting nominations for Perpetual Pavement Awards through Dec. 1. Road owners may apply at www.driveasphalt.org/awards. Each year since 2001, the APA has recognized state DOTs and local agency road owners for asphalt pavements that meet stringent PPA criteria.... Continue reading

ACE Mentor Program of Northeast Florida says it has added two new members to the 2022 Board of Directors as it elected its officers. New members include Dawn Adams and Judy Deshler. Tom Grogan was elected as Chairman. ACE of NEFL is working hard to expand our programming to students... Continue reading

A 649 ft. tall Miami waterfront condo structure has topped off at 57 stories. The structure at 777 NE 26th Terrace is being developed by OKO Group and Cain International, and will have 249 units when it is completed later this year. Asymptote Architecture‘s Hani Rashid designed the building. The... Continue reading