Balfour Beatty secures $260m mixed-use development contract in Miami

WCN Editorial Team 5 Oct 2017 NORTH AMERICA BUILDINGS

Infrastructure group Balfour Beatty has been awarded a $260m contract to build the River Landing Shops and Residences project in Miami, US.

The scheme is being developed on behalf of real-estate investment trust H&R REIT and Urbanx Company with real estate developer Matthews Southwest.

The mixed-use project, which is situated on the bank of Miami River on an 8.1-acre site, will offer more than two million square feet of retail and residences in Miami’s Civic Centre.

The project also includes the construction of two residential buildings with 475 rental apartments and, a five-storey shopping centre.

Balfour Beatty group CEO Leo Quinn said: “This transformational development in the heart of Miami builds on Balfour Beatty’s historical and growing relationship with Matthews Southwest as we expand on our presence in the South Florida market.”

Construction on the project is likely to begin in late 2017 while the completion is slated in the fourth quarter of 2019.

The project will create about 750 jobs during peak construction period.

With 11 websites and newsletters covering all the key areas within the construction industry, World Construction Industry Network is the leading global construction information resource. READ ABOUT US
PRIVACY POLICY

STAY IN TOUCH!

LATEST TWEETS

World Construction Network | www.worldconstructionnetwork.com is a product of GlobalData. Copyright © 2022 GlobalData. All rights reserved.