Southeast City Scoop: Construction Starts in Miami
Tom C. Murphy
Coastal Construction Group
As reflected in the estimates from Dodge Data & Analytics included here, Miami’s construction market certainly isn’t slowing too greatly, and contracting volume is expected to increase in 2018. “We continue to see more work,” says Murphy. “It’s not as hot and heavy as it was, but it hasn’t fallen off the cliff either. We’re staying consistent with last year.”
Hospitality and office projects keep moving forward, he says, and condominiums are still being built, too. The current positive status of Miami’s construction market could be negatively impacted by rising steel-related prices, with Murphy noting increased costs for reinforcing steel and framing.
Currently, a joint venture between Coastal Construction and Tishman Construction is serving as construction manager for the $2-billion Miami Worldcenter mixed-use development in downtown Miami for master developer Miami Worldcenter Associates. According to the developer, the project is “the second-largest urban development underway in the U.S.”
The 27-acre project—portions of which should open later this year—is planned to include 300,000 sq ft of retail; 1,875 residential units; up to 500,000 sq ft of office space; 2,050 hotel rooms; and 500,000 sq ft of exposition space.
Firm in Focus
2020 Salzedo St., Coral Gables, Fla.
CEO: Ana-Marie Codina Barlick
What’s New: On May 5, Codina Partners held a ceremonial ground-breaking of its newest development, the Downtown Doral Charter Upper School. The 6-12 grade school, located at the Downtown Doral town center in Miami, will be completed in time for the 2019-2020 school year, the company says. Codina adds that no student parking will be built for the school because it is centered within a walkable community. Campus Construction Group, Medley, Fla., is using tilt-up concrete construction to build the 111,000-sq-ft, four-story structure. Designed by Zyscovich Architects, the urban school will feature an artificial turf running track, landscaping and a staff parking lot, according to the contractor. The project’s groundbreaking included more than 300 dignitaries, parents, students and teachers. The project’s completion date is April 2019.