COASTAL CONDOMINIUMS AWARDED CONTRACT FOR
“WIND” CONDOMINIUMS

MIAMI (February 2006) – Thomas P. Murphy, Jr., Chairman and CEO of Miami-based Coastal Construction Group, announced today that the company has been awarded the contract for the construction of Wind condominiums in Miami.

Developer Miami-based Neo Epoch 1 Ltd. selected Coastal’s condominium division to build its $95 million, 42-story, 489-unit condominium building located on the Miami River. Situated at the intersection of Miami Avenue and the North Bank of the Miami River at 40 S.W. 3rd Street, Wind is the first tower of a six-tower, 13.5-acre project called River Front, which will boast a boulevard of café’s, restaurants, retail, residences, and office condos.

“Everyone at Coastal is very excited to be part of this progressive and extraordinary project from such a visionary developer,” says Murphy. “We look forward to delivering an exceptionally well-crafted building which will add to Miami’s bustling skyline.”

Residents of Wind will enjoy views of downtown Miami and the bay as well as a 900-foot Biscayne pedestrian river walk. Other amenities include luxuriously appointed kitchens and baths, a state-of-the-art wellness center, sports lounge, cigar parlor, 24-hour valet, security and concierge services. A 40,000-square-foot tropical oasis featuring a river front pool and a Mediterranean-inspired garden and bar overlooking the Miami skyline will enhance the residential experience. Wind is being designed by Revuelta, Vega, Leon P.A. and is scheduled for completion in November 2007.