Northern Vision Development LP’s Post

Florida Construction: A Market on the Rise Florida’s construction industry is experiencing remarkable growth, driven by high-profile projects across key sectors. From luxury high-rises to transformative infrastructure developments, the Sunshine State is cementing its status as a construction powerhouse. Key Growing Markets in Florida Construction: High-Rise Residential and Mixed-Use Developments: Lofty Brickell & One Riverfront (Miami): A $280 million, 44- and 43-story mixed-use complex led by Moss & Associates (Construction). E11EVEN Hotel & Residences (Miami): A $400+ million, 64-story luxury condo-hotel spearheaded by Suffolk Construction. The Edge Mixed-Use Tower (Orlando): A $185 million, 34-story skyscraper developed by Baker Barrios Architects, with Turner Construction Company managing the project. Infrastructure Development: I-4 Ultimate Project (Central Florida): A $2.3 billion transformation of one of Florida’s busiest highways, executed by Skanska and Granite Construction I-595 Express Corridor (Broward County): A $1.8 billion project enhancing regional connectivity, led by Dragados USA, Inc. and Ferrovial Healthcare and Educational Facilities: Baptist Health Expansion (Miami): A $150 million hospital upgrade managed by Turner Construction Company. Florida International University Phase II (Miami): A $28 million educational facility expansion led by Thornton Construction Company, Inc.. Market Leaders Driving Growth: Industry stalwarts like Suffolk Construction, Coastal Construction Company, Moss & Associates (Construction), Turner Construction Company, and Verdex Construction are shaping Florida’s construction landscape. Verdex Construction is leading exciting projects, including: Springs at Posner Park (Davenport): A $60 million luxury multi-family development comprising over 300 upscale units with resort-style amenities. Emerging Players to Watch: Up-and-coming firms like Kast Construction, Kaufman Lynn Construction, and Current Builders Construction Services, Inc. are rapidly gaining market share. Their recent contributions include: The Residences at 1428 Brickell (Miami): A $260 million luxury high-rise by Kast Construction. Salato Residences (Pompano Beach): A $54 million boutique oceanfront development by Kaufman Lynn Construction. Florida’s construction boom is fueled by a dynamic mix of experienced leaders and ambitious newcomers. With billions in ongoing projects and strategic investments in infrastructure, healthcare, and high-rise developments, the Sunshine State remains a hub for innovation and growth. #FloridaConstruction #InfrastructureDevelopment #HighRiseProjects #GeneralContractors #RealEstateGrowth #ConstructionInnovation

If it's modular, we're here for it! Could modular construction and building methods be the answer to the housing crisis? The modular method holds a lot of promise, allowing for quicker construction and more adaptable buildings. We've seen how good the modular way can be on the small scale, now it's time for the large scale: https://lnkd.in/dHRtFarx #ModularConstruction #FittedFurniture #StorageSystems

The present housing crisis, underscored by a shortage of affordable housing options, necessitated a departure from traditional construction methods. “ There has to be a better way “ Introducing  BearCan Rapid Housing Systems BearCan has forged an innovative solution that transcends traditional construction methodologies.  BearCan's Rapid Housing Systems embody this by challenging the established construction norms and introducing pioneering enhancements inspired by lean principles. At the core of BearCan's innovation lies a revolutionary logistical approach:  This streamlined process ensures the availability of all materials on-site, mitigating delays stemming from adverse weather conditions, missing components, or erroneous deliveries and or backorders all of which create downtime and as a result increases costs of construction.  Bearcan Rapid Housing efficiency empowers the subcontractors to commence work promptly and efficiently with no downtime . Central to BearCan's solution is the BearCan Catalogue— meticulously engineered, stamped drawings for diverse housing models, alongside ready-to-order material lists and structural systems , an array of options ranging from singular-bedroom to duplex’s  each accompanied by pricing for assorted exterior and interior finishes . BearCan Catalogue simplifies the decision-making process efficient and quick  Ordering a system from BearCan is streamlined to a matter of days rather than weeks, facilitating expedited project commencement. BearCan supplies a swifter, more streamlined, and cost-effective remedy to the housing crisis. The following video is a testimonial from  Ken Moulton Director of Housing and Public Works TFN  Tobique First Nation northwestern NB .

Phoenix's industrial market sees build-to-suit projects thrive despite a development slowdown. While overall industrial construction is taking a breather, Phoenix is experiencing a trend in build-to-suit projects. Recent reports show a surge in delivered space (around 9 million square feet in Q2), pushing the vacancy rate above 10%. This has caused developers to hold off on speculative construction until demand catches up with the ample supply. #BuildToSuit #vacancy #construction

The Journey of ZedX Construction LTD In January 2024, fueled by a passion for building and a dream of leaving a mark in the construction industry, ZedX Construction LTD was born. We envisioned ourselves as a key player in transforming landscapes, erecting sturdy structures, and delivering quality that spoke louder than words. But as we quickly learned, dreams in the construction world often come with hefty challenges. In our first six months, optimism ran high. We hired a relatively large team, rented a spacious office, and invested in equipment we thought was necessary. Our first few projects came in quickly—small residential houses, a commercial warehouse, and some renovations. However, cracks soon began to appear, not in our structures but in our business strategy. We overestimated our capacity to handle multiple projects at once. Cash flow became tight as clients delayed payments, and overhead costs mounted faster than expected. Meanwhile, errors in estimating costs on projects led to slim or nonexistent profit margins. We even took on a large project that seemed like a golden opportunity but turned into a nightmare due to unexpected site conditions and poor subcontractor coordination. The stress was palpable. We were stretched thin, morale among the team wavered, and I often questioned whether we had bitten off more than we could chew. In one particularly tough week, I spent sleepless nights wondering if ZedX Construction could even survive the year. It was during those challenging months that I learned one of the most valuable lessons of my career: remain small until you figure out what works, then expand. We decided to pivot. We scaled down operations, letting go of unnecessary expenses and focusing only on core, manageable projects. I personally met clients to rebuild relationships, and we took the time to reflect on what we could sustainably deliver with excellence. Instead of pursuing every opportunity, we became selective, choosing projects that aligned with our expertise and resources. By the end of the year, things started to stabilize. The scaled-down approach allowed us to deliver better quality and establish a reputation for reliability. Clients began referring us to others, and our pipeline of work began to fill with projects we were confident in handling. Now, ZedX Construction LTD is slowly but steadily growing again, but this time with a strong foundation built on the lessons of humility, patience, and adaptability. While it’s tempting to chase big dreams immediately, this experience taught me that growth is a process, not an event. The journey of ZedX Construction is still unfolding, but one principle guides us every day: start small, learn the ropes, and expand only when you're ready. It's not about how fast you grow but how well you build the foundation for future success. Signed. Isaac Melshakzedeck GE | MIEK.

A fantastic proposed solution to quickly deliver much needed housing. Given that the majority of a building’s carbon footprint is from its operational use (think heating and cooling), when designed properly, the high thermal mass that is inherent in precast buildings minimises internal temperature fluctuations. That means a LOT lower energy is needed for artificial heating and cooling. Plus there are the added sustainability benefits of precast (think not just environment, but society and economy too), like SIGNIFICANTLY less waste, use of waste products like flyash in concrete mixes, safer construction sites (work is transferred from site to safer factory-controlled environments), low impact construction (cleaner sites with less material deliveries, dust etc), less concrete requirements (efficient factory processes and innovative products like hollowcore), durable structures that are termite, flood and fire proof, fast and cost effective construction, and importantly, employment of local communities.

Cleveland’s Industrial Construction in 2024: A Mixed Bag of Trends The Cleveland industrial construction market is wrapping up 2024 with 38 completed projects totaling 1.6 million square feet (msf). This marks the lowest annual total since 2015, significantly trailing prior years. Speculative new construction has slowed considerably in 2024, but this reflects a shift in overall market rather than a lack of demand. High interest rates, economic adjustments, and elevated material costs. For developers with completed or near-completion buildings, this presents a significant opportunity. The demand for move-in-ready facilities remains strong, and those who can provide functional spaces in this climate are well-positioned to thrive. However, there’s a silver lining: 22 projects are currently under construction, adding a 4.6 msf to the market. But these numbers come with important context. A significant portion - 2.5 msf - is attributed to Ford’s Avon Lake expansion, where a new electric commercial van will be manufactured. Another 747,000 square feet comes from HC Companies’ new facility in Middlefield. HC Companies will be vacating several other existing facilities throughout Northeast Ohio. Looking ahead, there’s market chatter about a major build-to-suit facility in Lorain County, potentially adding 1.1 msf. If realized, this project could mark a substantial boost to the West industrial submarket. Cushman & Wakefield | CRESCO Real Estate Barna Caplan Joseph V. Barna, SIOR Eliot Kijewski Simon Caplan, SIOR Ryan Curtin George Pofok Jr

In one of its latest social housing projects, Midland Heart has explored how traditional concrete construction methods can be used to meet the new Future Homes Standard. A 12 home development in Handsworth Birmingham was built on former brownfield land and has been designed to deliver an 80% reduction in operational carbon. The positive results from the project indicate a bright future for the sustainable construction of social housing. Read more here: https://lnkd.in/eMZ3TRCf

As the construction industry develops, brokers must research coverage for prototype buildings and materials. These "prototypes" may not be untried, but they're not yet widely used in Canada. Modular construction is gaining traction, offering faster construction times and improved quality control. However, risks like transportation and storage losses must be considered. Eco-friendly buildings are another growing area, but they also bring risks. With new technologies and innovations emerging, it's essential to understand the risks and opportunities that come with them. #ConstructionInsurance #PrototypeBuildings #EcoFriendlyBuilding

London retakes crown as most expensive city for construction Quantity surveyors and construction economists from consultancy firm Arcadis have compared construction costs in 100 cities around the world, as they do each year. London is usually near the top of the list and this year comes out as number one – the most expensive city in the world for construction – thanks largely to an increased burden of red tape and regulation imposed by government over the past few years. Read More >>> https://lnkd.in/d8qbW4Wy #ShannonConstruction #Construction #ConstructionNews #ConstructionIndustry #ConstructionManagement #DesignBuild #Constructor #GeneralContractor #Contractor #Contractors #LEED #GreenBuilding #Buildings #Architecture #GeneralConstruction #ConstructionSafety #ConstructionCareers #MarylandConstruction #WashingtonDCConstruction #GovernmentConstruction #VisionforGrowth #PittsburghConstruction #PAConstruction