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Index Investment Group secured a $103 million of non-recourse construction takeout financing with H.I.G Capital for a 444-unit multifamily rental property, The Pointe on Westshore, in Tampa. Located at 4950 West Prescott St. in Tampa on a 23-acre parcel of land, The Pointe on Westshore will have 27 buildings across... Continue reading

Seagate Development Group says it has broken ground on a 9.71-acre, 45,000-sq. ft. facility for White Cap Construction Supply in Fort Myers. The national building materials supplier’s design-build project is under construction at 16542 Oriole Rd. – off Alico Road in the southwestern Florida community. Crews are now clearing and... Continue reading

Overall, Florida’s construction employment has rebounded to pre-pandemic levels, with an overall 0.3% (1,500 jobs) increase between February 2020 and May 2021, according to government data compiled by the Associated General Contractors (AGC) of America. But results varied quite significantly from region to region within the state. For example, Palm... Continue reading

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

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

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

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