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., has been awarded a contract by Ocean Land Investments to
construct the AquaBlu Development in Fort Lauderdale. The contract value
was not disclosed. The project scope of work includes construction of a
contemporary, 16-story tower situated in the Las Olas Isles, along the
west side of the Intracoastal Waterway, which will feature 35 luxury
waterfront residences and an array of amenities encouraging an active
lifestyle.
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Rendering of the AquaBlu development (Photo: Business Wire)
“Tutor Perini Building Corp. is a well-established firm with vast
experience on projects throughout the country,” said Jean Francois Roy,
President of Ocean Land Investments. “We are fortunate to have Tutor
Perini working with us to achieve our vision for AquaBlu.”
“We are honored to work with Ocean Land Investments on AquaBlu, bringing
its spacious condominiums to fruition so that residents can fully
appreciate the panoramic views and luxurious amenities,” said Danny
Hoisman, Senior Vice President of Tutor Perini Building Corp.
Pre-construction is currently underway and construction is expected to
begin in the first quarter of 2016 with substantial completion expected
in the second quarter of 2017. The contract value will be included in
the Company’s reported fourth quarter 2015 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.
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Source: Tutor Perini Corporation