West Palm Beach’s adaptive reuse development secures $50.8 million loan

Tricera Capital has obtained a $50.8 million loan for The Press, a mixed-use project in West Palm Beach. The deal provides Tricera with the necessary funding to complete the redevelopment of the Palm Beach Post campus. Located on more than 11 acres at 2751 S. Dixie Highway, The Press is... Continue reading

Orthopaedic Medical Group of Tampa Bay (OMG) has started construction on a 37,000 sq.-ft. medical complex and surgery center in the Tampa Bay region. The project is being built on nearly four acres of land in the Fish Hawk West community. The new location will become the administrative center of... Continue reading

The South Florida Water Management District (SFWMD) has announced significant progress on the Everglades Agricultural Area (EAA) Reservoir Project. The SFWMD’s governing board unanimously approved an agreement with the U.S. Army Corps of Engineers that keeps the Corps on track to begin federal construction on the reservoir component this year.... Continue reading

Prestige Cos. and Florida Value Partners have secured a $12.5 million construction loan for their housing project in Miami. Trails is a workforce housing project located on the Ludlam Trail at 1040 SW 70th Ave. It will be completed in two phases. The first phase includes two- to three-story garden-style... Continue reading

Florida’s pandemic-influenced construction employment numbers are near the nation’s average, according to government data compiled by the Associated General Contractors (AGC) of America. State-wide, 6,900 jobs were lost in the 12 months between March 2020 and March 2021. This represents a 1.2% decline to 566,800 jobs from 573,700, or a... Continue reading

Florida Construction News staff writer Should contractors be prepared for a push for mandatory construction industry unionization – especially for federal infrastructure projects? The answer is “yes”, says Nexsen Pruet employment lawyer William Floyd, based in the practice’s Columbia, SC office. He says the Biden administration, backed by organized labor,... Continue reading

Gov. Ron DeSantis announced that more than $148 million has been awarded to communities through the Florida Department of Economic Opportunity’s (DEO) Rebuild Florida Mitigation General Infrastructure Program. The funds are allocated to the state through the U.S. Department of Housing and Urban Development’s (HUD) Community Development Block Grant –... Continue reading

Crosland Southeast is set to break ground on The Hudson, a 320-unit apartment community on 17.4 acres just north of Orlando’s MetroWest neighborhood. Located just southwest of the intersection of Old Winter Garden Rd. and South Kirkman Rd., The Hudson will feature a mix of studio, one-, two- and three-bedroom... Continue reading

FRONTIER Building has broken ground on the new Wawa convenience store and gas station in Miami Gardens. The site is located at 2700 N.W. 183 St. The new 6,119 sq. ft. outpost that also includes 38 parking spaces and 18 gas pumps. The station is scheduled for completion in October... Continue reading

Construction is underway on the Tampa Airport Logistics Center, a two-building class A industrial development spanning ±297,254 sq. ft. at 5450 Johns Rd. and 5416 W. Sligh Ave. in Tampa. NorthPoint Development recently acquired the 19.21-acre parcel for the project. The new industrial complex is scheduled for delivery in fourth... Continue reading