Balfour Beatty wins $260 million contract to build River Landing in Miami

Construction of the mixed-use development along the Miami River is expected to start by year-end

Miami /
Oct.October 08, 2017 10:15 AM

Balfour Beatty PLC won a $260 million contract to build the River Landing Shops and Residences in Miami.

Construction of the riverfront development spanning about two million square feet is set to start by year-end and to be completed in the fourth quarter of 2019.

The address of the 8.14-acre development site along the Miami River is 1400 Northwest North River Drive.

The design of the River Landing development includes a riverfront park, 475 apartments and 426,000 square feet of space for retail stores and restaurants.

Balfour Beatty will build River Landing for H&R REIT, Urbanx Co. and real estate developer Matthews Southwest.

Pre-construction of River Landing, including foundation work, started earlier this year.

In 2014, River Landing Development, led by Andrew Hellinger, acquired the development site for $26 million and obtained a $38.2 million mortgage on the property from a company connected to new York-based Northstar Realty Finance. [MarketWatch] — Mike Seemuth

 

Related Articles

arrow_forward_ios
Terranova’s Stephen Bittel with 93 Miracle Mile
Terranova plans retail-and-office project on Coral Gables’ Miracle Mile
Terranova plans retail-and-office project on Coral Gables’ Miracle Mile
Ytech's Yamal Yidios with 1500 Brickell Avenue
Ytech buys historic Brickell château, plans restoration
Ytech buys historic Brickell château, plans restoration
50 and 60 Northeast Third Street and 222 and 234 Northeast First Avenue (Google Maps)
Namdar pays $41M for downtown Miami apartment towers dev site
Namdar pays $41M for downtown Miami apartment towers dev site
Hollywood Locations' Christopher Ursitti and 1400 Northwest 31st Avenue (Hollywood Locations, Google Maps)
Movie studio complex may rise on former incinerator site in Fort Lauderdale
Movie studio complex may rise on former incinerator site in Fort Lauderdale
McDowell wants to build 201 apartments near Homestead, puts land under contract
McDowell wants to build 201 apartments near Homestead, puts land under contract
McDowell wants to build 201 apartments near Homestead, puts land under contract
Jackie Soffer with 2750 Northeast 199th Street (Google Maps, Turnberry.com)
Jackie Soffer’s Turnberry proposes office/retail project near Aventura Mall
Jackie Soffer’s Turnberry proposes office/retail project near Aventura Mall
Kobi and Nancy Karp buy Walgreens-leased property in Delray Beach
Kobi and Nancy Karp buy Walgreens-leased property in Delray Beach
Kobi and Nancy Karp buy Walgreens-leased property in Delray Beach
New York, Miami, Chicago, Los Angeles, San Francisco and Chicago (iStock)
As rent explodes nationally, Miami tops the charts
As rent explodes nationally, Miami tops the charts
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...