UK-based infrastructure group Balfour Beatty has been awarded a US$260 million contract to build a residential and retail development in Miami, US.
With construction expected to begin later this year, and completion scheduled in the fourth quarter of 2019, the project will employ some 750 workers at its peak.
The project award was made by the real-estate investment trust H&R REIT and Urbanx Company, in association with real estate developer Matthews Southwest.
Standing on a 3.28 hectare plot, the development will include 475 rental apartments and a five-storey shopping centre.
Leo Quinn, Balfour Beatty Group Chief Executive, said, “This transformational development in the heart of Miami builds on Balfour Beatty’s historical and growing relationship with Matthews Southwest as we expand on our presence in the South Florida market.”