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
The current Miami Beach North Shore library with Mayor Dan Gelber (Google Maps, Gelber)
Miami Beach seeks buyers for city-owned development sites
Miami Beach seeks buyers for city-owned development sites
Developer David Edelstein and Robert Levine of RAL Development with the project (Getty, RAL)
David Edelstein, partner close on missing piece of Wynwood assemblage for office towers
David Edelstein, partner close on missing piece of Wynwood assemblage for office towers
David Grutman and Pharrell’s Goodtime Hotel had received nearly 30 noise violations (Carma Connected, Getty)
Too much of a good time? David Grutman and Pharrell’s Goodtime Hotel could lose entertainment permit
Too much of a good time? David Grutman and Pharrell’s Goodtime Hotel could lose entertainment permit
Related Companies Chairman Stephen Ross with One Flagler (Related, Getty)
Prayers answered? Related Companies closes on church site for planned office tower in downtown West Palm
Prayers answered? Related Companies closes on church site for planned office tower in downtown West Palm
Grover Corlew principal Mark Corlew with Bank of America Tower in Boca Raton (Grover Corlew)
Grover Corlew buys Bank of America Tower in Boca Raton for $45M
Grover Corlew buys Bank of America Tower in Boca Raton for $45M
The partially collapsed 12-story Champlain Towers South condo building (Getty)
Inside the tug-of-war over the Surfside condo site’s future
Inside the tug-of-war over the Surfside condo site’s future
Moishe Mana and the downtown parking lot he purchased (Google Maps, Getty)
Moishe Mana expands downtown Miami assemblage with $12M purchase
Moishe Mana expands downtown Miami assemblage with $12M purchase
(Photos courtesy of Miami Historic Preservation, Smith Aerials, Colliers)
Development site near MiamiCentral hits the market
Development site near MiamiCentral hits the market
arrow_forward_ios

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

Loading...