Wednesday, May 9, 2012

Swire plans to begin Brickell CitiCentre construction next month



As previously mentioned that downtown Miami will be the next Hong Kong without the crowds. Aivars Lode


The Miami Herald >  Business
Posted on Wednesday, 05.09.12

By ELAINE WALKER

Swire Properties said Wednesday that it expects to begin construction on Brickell CitiCentre in late June.

“We are eager to keep the project on schedule as the public partner agreements are now the only sources of potential delay,” Christopher Gandolfo , senior vice president, development with Swire Properties said in a statement.

Details of those agreements were not explained.

Swire said Wednesday it had narrowed its list to four contractors to bid on construction of the foundation and underground parking garage below Brickell CitiCentre. The four finalists for the more than $100 million contract: Balfour Beatty; Bouygues B√Ętiment International though its local subsidiary Americaribe Inc. with John Moriarty & Associates of Florida; Turner Construction Company in partnership with Dragados USA; and Odebrecht with Facchina.

The foundation and underground parking project will be built 24 feet below ground, spanning seven acres. Construction is expected to take about 18 months.

Brickell CitiCentre is a $1.05 billion mixed-use development that is to include 2.9 million square feet of retail, office, residential, hotel and entertainment space. The project will be built on nine acres along South Miami Ave. between Eighth Street and Sixth Street. It will create 1,700 construction jobs and 3,700 jobs after completion.

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