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Neology Life has received a $78.2 million construction loan from Trez Capital for a mid-rise apartment building in Miami’s Allapattah neighborhood, the lender says in a statement. The development named The Julia at 1625 NW 20th Street, is rising between 17th and 15th avenues, Commercial Observer (CO) reported on Oct. 13.... Continue reading

Pompano Beach-based general contractor Current Builders has announced an employee stock ownership plan (ESOP) as part of the company’s strategy to retain and attract top construction employees. The shortage of qualified workers in the construction industry continues to be a persistent national issue, but Current Builders’ CFO Rick Colandreo believes... Continue reading

Associated Builders and Contractors (ABC) says that its Construction Backlog Indicator fell to 7.6 months in September, according to an ABC member survey conducted Sept. 20-Oct. 4. The reading is down 0.1 months from August 2021, but up 0.1 months from September 2020, the association said in an Oct. 12... Continue reading

The developer and general contractor for SoMo Walls, a shopping and dining center in Tallahassee, have committed to reserving 35 percent of their budget for minority-owned subcontractors. Developer Bugra Demirel is working with Southern Standard Construction on the $5 million project, which is expected to break ground in January, 2022,... Continue reading

Certified General Contractors has started building a 143-room Hyatt Place Hotel at Melbourne Orlando International (MLB) airport. ADELON Capital and Twenty8 group are developing the 143-room hotel scheduled to open in 2022, and officials gathered for its official groundbreaking on Oct. 5. The co-owners “are continuing to invest in the... Continue reading

Total construction spending was flat between July and August, as a decrease in nonresidential projects offset continuing gains in residential construction, according to a new analysis of federal construction spending data the Associated General Contractors (AGC) of America released on Oct. 1. Officials urged the House of Representatives to promptly... Continue reading

SchenkelShultz Architecture and general contractor Owen-Ames-Kimball (OAK) have been chosen as the design-build team for the new Fixed Base Operator (FBO) hangar at the Punta Gorda Airport by The Charlotte County Airport Authority, the contractor said in a Sept. 28 statement. The team will provide design and construction turnkey activities... Continue reading

The non-profit ACE Mentor Program of Northeast Florida (ACE) says it raised $31,273 at its inaugural Sporting Clay Fundraiser on Sept. 23 at Jacksonville Clay Target Sports. The proceeds will be applied to the organization’s 2021-2022 programming efforts. “As we emerge through this pandemic, the ongoing support for students across... Continue reading

Florida communities have seen varying levels of construction employment change in the past year. Some, like the Miami area, have seen a sharp decline (6%) while others have thrived. For example, construction employment increased by 11% in Fort Meyers. Overall the state gained 2% in construction jobs, an increase of... Continue reading

The partners behind Latitude Margaritaville Watersound say that that construction has started on the community’s Town Center near Panama City Beach. The initial phase is expected to include about 3,500 homes geared for individuals aged 55 and older. The Town Center will have a Town Square including amphitheater with a... Continue reading