Southeast City Scoop: Miami Construction Starts

Overall Miami-Fort Lauderdale contracts to remain at elevated level in 2019

Weakness in the non-residential sector will more than offset growth in non-building and residential work.

City Grill

Brad Meltzer
President
Plaza Construction

The Miami-Fort Lauderdale area’s history of extreme construction cycles may be ending. “Miami continues to be a strong market,” says Meltzer, adding that “hospitality and multifamily have continued at a steady pace. Office has gained momentum and condominiums are actually coming back, now that supply has been significantly absorbed.” Overall, he says, “As Miami has continued to mature, we are seeing less extremes to both the up and the down cycles and the time between cycles is shortening as well.”

Firm in Focus

Plaza Construction
120 N.E. 27th St., Ste. 600, Miami
President: Brad Meltzer
Southeast Region Employees: 198
Founded: 1986
Big Deal: The firm is nearing the start of construction of the $540-million SkyRise Miami project, a 1,000-ft-tall entertainment center and observation tower overlooking Biscayne Bay.