FT. 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., has been selected as the general contractor for two
luxury residential towers in Miami Beach. The contract is valued at
approximately $140 million.
The first tower will feature the redevelopment of an existing 16-story
historic tower into a 22-unit ultra-luxury condominium tower, including
all public and back-of-house areas, spa & fitness center, retail, and
landscaping.
The second, adjacent tower will consist of a new 18-story tower
featuring 41 luxury residential units, public and back-of-house areas, a
spa and fitness center, swimming pool, spa pool, decks, landscaping, and
an onsite underground parking area for approximately 190 cars.
Pre-construction is currently underway and construction is expected to
begin in October 2015 with substantial completion expected for both
towers in the third quarter of 2017. The contract value is expected to
be included in the Company’s reported fourth-quarter backlog.
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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150818005533/en/
Source: Tutor Perini Corporation