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March 15, 2017 • Vol. XXX • No. 6 • 470 Maryland Drive • Ft. Washington, PA 19034 • 215-885-2900 • Toll Free 800-523-2200 • Fax 215-885-2910
Luxury Miami Tower Reaches Milestone By Cindy Riley CEG CORRESPONDENT
Hawkins Project Requires Reliable Service...8
Ritchie Bros. Breaks Records at Florida Auctions...88
What will be one of downtown Miami’s tallest luxury condo towers has reached a milestone in construction, as crews prepare to go vertical. In January, after months of piling and excavation subterranean work, roughly 700 workers poured the foundation for CMC Group’s 64-story Brickell Flatiron condominium. Brickell Flatiron unit prices range from $465,000 to $2.5 million, with penthouses priced at more than $15 million. Construction of the tower is expected to be completed in 2019. “Once complete, Brickell Flatiron will be a retreat in the center of one of the most desirable parts of Miami,” said Ugo Colombo, veteran real-estate developer. “We’re not offering gimmicks. We are offering a high-quality product, timeless design and an unmatched location. Our buyers will benefit from the prestige of living in Brickell, a brand synonymous with an upscale, urban lifestyle, which is known on an international level and is sure to maintain its reputation and value.” Being promoted as an architectural icon that will redefine the Miami skyline, Brickell Flatiron is a 549-unit project designed by Luis Revuelta. A mixture of glass, curves and Renaissance-revival interiors, the building will stand more than 700-ft. (213 m) above street level, and will be one of the tallest residential towers in the United States. It will be located see CONDO page 76
IronPlanet/CAS Host Five-Day Sale in Florida...90
Table of Contents........ 4 Asphalt, Concrete, Paving, Compaction & Milling Section...... 51-73 Parts Section.............. 74
Construction Spending Up From Year Ago Construction spending slipped from December to January but increased modestly from a year ago, as private construction grew solidly but public infrastructure outlays tumbled, according to an analysis by the Associated General Contractors of America. Association officials said the January data indi-
Auction Section.... 86-93 Advertisers Index...... 94
cates the need for new public investments in infrastructure along the lines of the trillion dollar proposal President Trump outlined during his Congressional address. “These numbers suggest that demand for residential and private nonresidential structures remain strong but all levels of government are
struggling to fund needed projects,” said Ken Simonson, the association’s chief economist. “It appears that homebuilding, office and power construction will continue to grow through 2017, while manufacturing, highway and other transportation construction are likely see AGC page 44
Agency Plans to Award Border Wall Contracts by April By Elliot Spagat
Business Calendar...... 78
CMC Group photo
What will be one of downtown Miami’s tallest luxury condo towers has reached a milestone in construction, as crews prepare to go vertical.
ASSOCIATED PRESS
SAN DIEGO (AP) U.S. Customs and Border Protection said Feb. 24 that it plans to start awarding contracts by mid-April for President Donald Trump’s proposed border wall with Mexico, signaling that he is aggressively pursu-
ing plans to erect “a great wall’’ along the 2,000mile border. The agency said it will request bids on or around March 6 and that companies would have to submit “concept papers’’ to design and build prototypes by March 10, according to FedBizOpps.gov, a website for federal contractors. The field of candidates will be narrowed by
March 20, and finalists must submit offers with their proposed costs by March 24. The president told the Conservative Political Action Conference that construction will start “very soon’’ and is “way, way, way ahead of schedule.’’ The agency’s notice gave no details on where see WALL page 74