Hudson Yards - Multiple Projects - New York, NY - Total $2.3 Billion

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Tutor Perini Building Corp. Achieves Phase I Temporary Certificate of Occupancy for Panorama Tower’s Parking Garage

02/05/16

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- Tutor Perini Corporation (NYSE: TPC), a leading civil and building construction company, announced today that its subsidiary, Tutor Perini Building Corp., achieved Phase I Temporary Certificate of Occupancy for Panorama Tower’s Parking Garage. This is a significant milestone and the achievement of an ambitious goal, completing 425,136 square feet of the parking garage within ten months, thereby permitting the 1101 Brickell office tenants and Florida International University students to utilize this parking garage as construction continues above.

Panorama Tower will be the tallest residential building on the eastern seaboard south of New York, rising to monolithic proportions of 830 feet over the Miami skyline as an iconic, global landmark. Panorama Tower’s project scope of work includes construction of a new 83-story mixed-use residential development situated on the largest parcel of property in the epicenter of Brickell Avenue.

This spectacular project consists of 821 luxury rental apartments. The 19-story pedestal will contain over 100,000 square feet of medically-oriented office space with a teaching facility. Underneath the medical facility is a 2,000-car parking garage. Lining the garage to the east on Brickell Bay Drive will be a 208-room hotel. Both the ground floor and second level of the pedestal will include over 50,000 square feet of high-end retail outlets and restaurant space.

The Panorama project was awarded and booked into the Company’s backlog in the second quarter of 2014.

About Tutor Perini Corporation

Tutor Perini Corporation is a leading civil and building construction company offering diversified general contracting and design-build services to private clients and public agencies throughout the world. We have provided construction services since 1894 and have established a strong reputation within our markets by executing large complex projects on time and within budget while adhering to strict quality control measures.

Source: Tutor Perini Corporation

Tutor Perini Corporation

Jorge Casado, 818-362-8391

Vice President, Investor Relations and Corporate Communications

www.tutorperini.com

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