Companies forge strategic alliance to become the lead building team in South Florida
MIAMI (Aug. 14, 2013) — A joint venture between Coastal Construction and Tishman Construction, an AECOM company, has been selected to manage the construction of the Margaritaville Hollywood Beach Resort, a new hotel and entertainment complex in Hollywood, Fla. This project signifies the launch of a new strategic alliance between two of the nation’s leading builders that will focus on delivering extraordinary developments throughout South Florida.
The Coastal-Tishman team has more than 150 combined years of construction experience, offering clients the unparalleled resources of one of the largest contractors in the Southeast along with the world-class builder of iconic themed hotels and resorts.
“We have been working with Tishman for some time, and the Margaritaville project was the catalyst to announce our partnership. There are great synergies between our two companies, including our mutual track records for creating hotels, resorts and multi-family residential projects of distinction, but more importantly, our shared values and company culture. We are excited about our alliance and the privilege to build this one-of-a-kind resort for Lon Tabatchnick and for the City of Hollywood,” said Tom Murphy Jr., chairman and CEO of Coastal Construction Group.
“Tishman is thrilled to be partnering with Coastal in South Florida as we bring our company’s history of success to new regions,” said Daniel P. McQuade, chief executive of Tishman Construction and AECOM’s construction services practice. “Our firms have collectively built more than 200 hospitality projects and over 20,000 hotel rooms. Together, we now look forward to working with Margaritaville Hollywood Beach Resort to realize its vision for the City of Hollywood.”
Developed by Margaritaville Hollywood Beach Resort LP, the Adache Group Architects-designed Margaritaville resort development comprises 845,000 square feet, featuring a 17-story, 349-key hotel, restaurants, bars and retail space. Additionally, the 5-acre site includes a new 1,056-car garage, refurbished band shell, public restrooms, a water park and boat docks along the Intracoastal Waterway. The Hollywood City Commission approved the resort project on May 29.
“We look forward to bringing Margaritaville to the Hollywood Beach community,” said Lon Tabatchnick, president of The Lojeta Group. “With a unique combination of local experience and industry expertise, the Coastal-Tishman team is absolutely the right builder for this project.”
An official groundbreaking will take place on August 22 with the completion expected in 2015.
About Coastal Construction
Award winning Coastal Construction Group and the Murphy family, have been building throughout Florida for three generations and is one of the leading builders in the state. Coastal operates in 11 markets and has significant experience in commercial, hospitality, single and multi-family residential, educational, government-related facilities and disaster recovery projects. Coastal has built more than 50 hotels and resorts in Florida, including the recently completed St. Regis Resort & Residences, Bal Harbour, and SLS Hotel, Miami Beach. Coastal is currently building 27 projects in South Florida, including The Edition and Saxony Hotels, Miami Beach, and Oceana luxury residential community in Key Biscayne. More information on Coastal can be found at www.coastalconstruction.com.
About Tishman Construction
Founded in 1898, Tishman Construction, a wholly owned AECOM subsidiary, is one of the world’s leading builders, currently managing construction for the 1,776-foot-high One World Trade Center, the Javits Convention Center expansion and renovation in New York, the new headquarters for the U.S. Department of Homeland Security in Washington, D.C., and the new Anaheim Regional Transportation Intermodal Center for high-speed trains in California. Known for successfully managing complex, iconic projects, Tishman is responsible for the construction of more than 450 million square feet of space, incorporating facilities of every size and type, including arts and culture, commercial, convention centers, education, gaming, government, healthcare, hospitality, residential, retail, sports and leisure, technology and transportation. More information on Tishman Construction can be found at www.tishmanconstruction.com.
AECOM is a global provider of professional technical and management support services to a broad range of markets, including transportation, facilities, environmental, energy, water and government. With approximately 45,000 employees around the world, AECOM is a leader in all of the key markets that it serves. AECOM provides a blend of global reach, local knowledge, innovation and technical excellence in delivering solutions that create, enhance and sustain the world’s built, natural, and social environments. A Fortune 500 company, AECOM serves clients in more than 140 countries and had revenue of $8.2 billion during the 12 months ended June 30, 2013. More information on AECOM and its services can be found at www.aecom.com.