{"id":1004193206,"date":"2017-10-09T04:56:26","date_gmt":"2017-10-09T12:56:26","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004193206"},"modified":"2022-12-08T13:22:12","modified_gmt":"2022-12-08T21:22:12","slug":"balfour-beatty-to-helm-260m-miami-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/balfour-beatty-to-helm-260m-miami-project\/","title":{"rendered":"Balfour Beatty to Helm $260M Miami Project"},"content":{"rendered":"

By Barbra Murray<\/em><\/p>\n

\"Leo<\/a>

Leo Quinn, group chief executive, Balfour Beatty<\/p><\/div>\n

Balfour Beatty just landed a $260 million contract for a premier development in Miami. The international infrastructure group has been tapped to build River Landing Shops and Residences, a 2 million-square-foot property that will sprout up along the Miami River in the city\u2019s Health District. H&R REIT, Urbanx Co. and Matthews Southwest are the developers behind the mixed-use project.<\/p>\n

\u201cThis transformational development in the heart of Miami builds on Balfour Beatty\u2019s historical and growing relationship with Matthews Southwest as we expand on our presence in the South Florida market,\u201d<\/em> Leo Quinn, Balfour Beatty group chief executive, said in a prepared statement.<\/p>\n

River Landing has been in the works for a few years, and H&R gave the project a major push forward in January 2017, when the REIT shelled out $34 million on the acquisition of a mortgage receivable secured against the eight-plus acres on which the mixed-use development will be erected. Designed by ADD Inc., River Landing will consist of two residential buildings encompassing 475 rental apartments and a five-story, 426,000-square-foot retail center. There will also be 2,200 parking spaces and green space at the site. Construction on the project should commence towards the end of the year.<\/p>\n

THE CONTRACTS JUST KEEP COMING<\/strong><\/h2>\n

The U.S. division of London-based Balfour Beatty is keeping quite busy. Current assignments include the $230 million Harrison Medical Center in Seattle; a $150 million contract for an airport hotel in Atlanta; and a $100 million contract for the 500,000-square-foot renovation and expansion of Cleburne High School in the Dallas\/Fort Worth area. However, the Sunshine State remains high on the company\u2019s radar.<\/p>\n

\u201cWe\u2019re concentrating on Florida,\u201d<\/em> Quinn said during Balfour Beatty\u2019s half-year 2017 results presentation on August 16. \u201cWe\u2019ve recently upgraded the leadership in Florida and in Georgia; we\u2019ve combined our Georgia operations with our Charlotte operations so we\u2019ve got strong leadership in there; Washington DC is strong. So, I think we\u2019ve got a very strong footprint in very attractive markets<\/a> where they\u2019re urbanizing and people are actually moving south,\u201d <\/em>concluded\u00a0Quinn.<\/p>\n

Balfour Beatty is on track to conclude construction of River Landing in the fourth quarter of 2019.<\/p>\n

Image courtesy of\u00a0Balfour Beatty<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

H&R REIT tapped the international infrastructure group to build River Landing Shops and Residences, a 2 million-square-foot project that will take shape along the Miami River.<\/p>\n","protected":false},"author":969,"featured_media":1004193218,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,1492,21752,21742],"tags":[32978,37903,37902],"class_list":["post-1004193206","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-miami","category-mixed-use","category-latest","tag-balfour-beatty-construction","tag-hr-real-estate-investment-trust","tag-river-landing-shops-and-residences"],"acf":[],"yoast_head":"\nBalfour Beatty to Helm $260M Miami Project - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/balfour-beatty-to-helm-260m-miami-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Balfour Beatty to Helm $260M Miami Project\" \/>\n<meta property=\"og:description\" content=\"H&R REIT tapped the international infrastructure group to build River Landing Shops and Residences, a 2 million-square-foot project that will take shape along the Miami River.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/balfour-beatty-to-helm-260m-miami-project\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-09T12:56:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T21:22:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Leo-Quinn-Balfour-Beatty1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/balfour-beatty-to-helm-260m-miami-project\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/balfour-beatty-to-helm-260m-miami-project\/\",\"name\":\"Balfour Beatty to Helm $260M Miami Project - 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