Join venture secures $345 million loan for residential project in Miami

A joint venture between Terra, GFO Investments and New Valley secured a $345 million construction loan for their 48-story community project. The building, Five Park, is being built at 500 Alton Rd. It is expected to be the tallest building on Miami Beach. The developers plan to begin construction in... Continue reading

North Carolina Construction News staff writer Construction employment in January remained below pre-pandemic levels in all but eight states, according to an analysis by the Associated General Contractors (AGC) of America of government employment data released on March 15, while more firms have reduced headcount than have added to it... Continue reading

Developers say a 57-story tower in Miami’s Brickell Financial District has reached the 22nd floor. OKO Group and Cain International’s 830 Brickel is “rising fast”, they say in a statement. “With one full level expected to be completed every week going forward, 830 Brickell is on track to be delivered... Continue reading

B & I Contractors, a Florida-based subcontracting and building services firm, has recently announced key promotions to drive the growth of its electrical department and expand its geographical footprint. B & I  says it is committed to promoting from within and it’s able to do so by providing in-house training... Continue reading

Seagate Development Group says it starting work on a new 40 acre business park in Fort Myers. Alico Trade Center as the name for a 40-acre business park coming to Alico Road and I-75 in Fort Myers. Seagate owns and will develop this commercial land. Lee & Associates is handling... Continue reading

JE Dunn Construction has started a $48.5 million renovation project of Clearwater High School for Pinellas County Schools. The project involves the demolition of 17 buildings, construction of seven new structures and renovations of five buildings. The new classroom buildings will feature science labs, media center, administration suite with multi... Continue reading

Make-A-Wish Southern Florida says it has unveiled an updated design and new renderings for the chapter’s proposed headquarters at its newly acquired site in Miami’s Overtown neighborhood. The 30,000-sq. ft. building will rise 5 stories, including 15,000 sq. ft. of office space with the remaining space “to serve as an... Continue reading

FINFROCK says it has closed on the $36 million purchase of the 94-acre Glades Gateway Commerce Park in Belle Glade. The Central Florida-based company will build more than 140,000 sq. ft. of precast concrete manufacturing facilities and administrative offices on the property. The company claims in a March 19 statement... Continue reading

Florida Construction News values editorial integrity — and appreciates the commercial value of positive editorial publicity. These two statements don’t need to conflict; if readers are fairly informed if the editorial content is sponsored. We welcome news releases and announcements. Our criteria for publishing them is simple — is the... Continue reading

Construction employment in January remained below pre-pandemic levels in all but eight states, according to an analysis by the Associated General Contractors (AGC) of America of government employment data released on March 15, while more firms have reduced headcount than have added to it in the past year, the association’s... Continue reading