Ground was broken in February on Baha Mar, a 1,000-acre resort-casino at the city of Nassau on New Providence Island. When completed in 2014, it will encompass 3,500 rooms in six hotels and a number of condominium buildings. Grand Hyatt, Rosewood and Morgan hotels will be built simultaneously, along with restaurants and spas. Construction of a water park and golf course will begin in late 2012. Designed by RMJM, the complex also includes a 100,000-sq-ft casino and 200,000-sq-ft convention space. The estimated cost is $3.4 billion. Rendering: Courtesy of China Construction America Inc. The Baha Mar resort-casino will be one
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.