{"id":30402,"date":"2025-05-13T04:35:06","date_gmt":"2025-05-13T11:35:06","guid":{"rendered":"https:\/\/essential.construction\/news\/balfour-beatty-kicks-off-385m-miami-hotel-project\/"},"modified":"2025-05-13T04:35:06","modified_gmt":"2025-05-13T11:35:06","slug":"balfour-beatty-kicks-off-385m-miami-hotel-project","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/balfour-beatty-kicks-off-385m-miami-hotel-project\/","title":{"rendered":"Balfour Beatty kicks off $385M Miami hotel project"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"text-to-speech\">\n    <button class=\"text-to-speech__button button\"><\/p>\n<p>            <img decoding=\"async\" class=\"text-to-speech__button__icon\" src=\"https:\/\/www.constructiondive.com\/static\/images\/audio_icon.svg?482016190122\" alt=\"-\"><\/p>\n<p>        Listen to the article<br \/>\n        <span class=\"text-to-speech__button__audio-length\">2 min<\/span><br \/>\n    <\/button><\/p>\n<div class=\"text-to-speech__controls\">\n        <audio controls=\"\" class=\"js-text-to-speech\" preload=\"none\"><source src=\"https:\/\/res.cloudinary.com\/dmgi9movl\/video\/upload\/q_1\/v1746111663\/news\/text_to_speech\/balfour-beatty-kicks-off-385m-miami-hotel-project_blfxmy.wav\" type=\"audio\/mp3\"><\/source><\/audio><\/p>\n<div class=\"text-to-speech__controls__text\">\n            This audio is auto-generated. Please let us know if you have <a rel=\"nofollow noopener\" href=\"https:\/\/www.constructiondive.com\/contact\/\" target=\"_blank\">feedback<\/a>.\n        <\/div>\n<\/p><\/div>\n<\/div>\n<p><span><span><span><span><span><span>Balfour Beatty has mobilized its operations to begin construction on the Grand Hyatt Miami Beach hotel and convention center project in Miami Beach, Florida, according to an <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/www.balfourbeatty.com\/media-centre\/latest\/balfour-beatty-mobilises-to-begin-construction-on-grand-hyatt-miami-beach-in-the-us\/\" target=\"_blank\"><span><span><span><span><span><span><span><span>April 29 news release<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span>. The construction services contract is valued at nearly $385 million.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>MB Mixed Use Investment, a partnership between South Florida developers Terra Group and Turnberry, <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/www.constructiondive.com\/news\/balfour-beatty-wins-miami-beach-convention-center-hotel-project\/640941\/\" target=\"_blank\"><span><span><span><span><span><span><span><span>awarded Balfour Beatty the contract<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span> in January 2023. The project was supposed to start that year, but was pushed out until now. On April 11, the developers announced that they had <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/terra-and-turnberry-to-begin-construction-of-grand-hyatt-miami-beach-with-392-million-in-financing-from-tyko-capital-302426117.html\" target=\"_blank\"><span><span><span><span><span><span><span><span>acquired $392 million in construction financing<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span> for the project.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>&#8220;With construction financing in place and strong public support behind us, we are eager to bring this landmark hotel to life,&#8221; said David Martin, CEO of Terra, and Jackie Soffer, chairman and CEO of Turnberry, in the developers\u2019 news release.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Once complete, the 17-story hotel will serve as the central anchor of the Miami Beach Convention Center District, according to Balfour Beatty\u2019s release. The 996,130-square-foot development will include 800 guest rooms, convention and meeting space and ground floor retail areas.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>At peak construction, the project will employ more than 500 workers, according to Balfour Beatty.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Completion is slated for late 2027.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.constructiondive.com\/news\/balfour-beatty-miami-hotel-grand-hyatt\/746871\/\" rel=\"nofollow noopener\" target=\"_blank\">This article was originally posted at Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. Balfour &#8230; <a title=\"Balfour Beatty kicks off $385M Miami hotel project\" class=\"read-more\" href=\"https:\/\/essential.construction\/news\/balfour-beatty-kicks-off-385m-miami-hotel-project\/\" aria-label=\"Read more about Balfour Beatty kicks off $385M Miami hotel project\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[457],"tags":[],"class_list":["post-30402","post","type-post","status-publish","format-standard","hentry","category-construction-dive","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/30402","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/comments?post=30402"}],"version-history":[{"count":0,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/30402\/revisions"}],"wp:attachment":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media?parent=30402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/categories?post=30402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/tags?post=30402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}