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City Scoop:
Construction Starts Miami-Fort Lauderdale
TOTAL CONSTRUCTION Actual
2008
Actual
2009
Actual
2010
Actual
2011
Forecast
2012
($ Millions)
$6,825 $6,648 $5,548
$4,721 $6,426
NONRESIDENTIAL
Commercial & Manufacturing
Stores & Shopping Centers
Office & Bank Bldgs
Hotels & Motels
Other Commercial Buildings
Manufacturing Buildings
$3,701 $2,581 $1,781
$2,266 $973 $892
$526 $198 $286
$486 $279 $208
$416 $97 $57
$781 $395 $315
$56 $4 $25
$1,739 $2,325
$807 $1,113
$281 $323
$161 $230
$53 $80
$275 $446
$37 $35
INSTITUTIONAL
Education Buildings
Healthcare Facilities
Other Institutional Buildings
$1,436 $1,608 $889
$651 $432 $349
$135 $361 $253
$650 $814 $287
$932 $1,212
$426 $669
$117 $241
$389 $302
RESIDENTIAL
Single Family
Multifamily
$1,562 $851 $1,233
$777 $604 $786
$247 $247 $447
$1,417 $1,668
$854 $981
$563 $688
TOTAL NONBUILDING
Highways & Bridges
Other Public Works
Environmental Public Works
Electric Utilities
$1,562 $3,216 $2,535
$752 $676 $1,657
$208 $883 $414
$574 $734 $451
$29 $923 $12
$1,566 $2,433
$845 $531
$162 $334
$509 $773
$49 $795

 

Total Picture  

 

Firms in Focus Coastal Construction Group5959 Blue Lagoon Drive,Miami

Chairman/CEO: Thomas Murphy Jr.

Employees: 160

Founded: 1988 Getting Busy: Coastal Construction is gaining a share of the revived residential market. The contractor is building the six-building, 369-unit Alta Congress project in Delray Beach for Wood Partners of Boca Raton.

 

City Grill  

 

Brad Meltzer President
KM/Plaza ConstructionMeltzer says the hospitality market, especially in Miami Beach, is "hot" right now. Retail and apartment jobs are also moving ahead in the Miami area. Meltzer remains "cautiously optimistic," about his headquarters city. "All signs are pointing to the economy bouncing back faster than we thought," he says.

Owners are starting to take advantage of favorable contractor pricing, but that may not last long. Prices are creeping up for heating, ventilating and air-conditioning work as well as for electrical and plumbing work, Meltzer says.


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