• Going up: A look at major construction projects in Florida

    From office complexes to sports stadiums, airports, seaports, luxury condominiums and massive mixed-use developments, Florida is once again in the midst of a building boom.

    In the tri-county south Florida market alone, 117 residential towers with 11,527 units are under construction, according to a mid- October report from Peter Zalewski, a real estate consultant who tracks local trends on CraneSpotters.com.

    “The entire state of Florida is benefiting from accelerated population growth, strong job growth and recordbreaking tourism — a trifecta of economic conditions that is generating a great deal of optimism on the part of developers and those in commercial real estate,” says Mary Jo Eaton, president/Florida and Latin America at CBRE Group.

    “That, coupled with the availability of financing is creating an optimal environment for large development projects, with the only headwind being the rising cost of construction.”
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