Construction Today - Volume 16, Issue 2 - 166
Residential | LIVE OAK CONTRACTING
Claiming the Market
LIVE OAK IS DEVELOPING PROJECTS ALONG THE EAST COAST AND GROWING IN REVENUE. BY KAT ZEMAN
ive Oak Contracting is one of the
companies in Jacksonville, Fla.
The young company has been in
business for only five years, but it's already
earned a stellar reputation among its clients
throughout the East Coast - and it has the
revenue stream to prove it.
A full-service general contracting firm
specializing in multifamily construction,
Live Oak's revenue increased by more than
778 percent between 2014 and 2016. Last
year, the company raked in roughly $180
million. "And our 2018 outlook will keep us
on track to do over $200 million this year,"
says Walker Palmer, director of construction.
Live Oak executives partially attribute
the company's rapid rise to quality relationships with clients, subcontractors and
vendors. "Our clients are giving us rave reviews and the word has gotten out," Palmer
says. "Our motto is building relationships
through integrity and I think we have an
ability to make a personal connection and
earn the respect and trust of our clients.
Anyone can build to a budget or a schedule,
but having a good relationship with our
clients is paramount."
More than 90 percent of the company's
business is from repeat clients. Live Oak
prides itself on the ability to provide its
clients with an accurate budget in the early
stages of the project. It frequently gets
involved with projects prior to the land
"Our pre-construction services are very
detailed," Palmer says. "We spend a lot of
time in pre-construction, allowing us to
align the design with the budget at a very
early stage. Cost certainty is important to
our clients and the best way to guarantee
outcome is early involvement."
Live Oak's services include construction
management, general contracting and
design/assist build. The company has seven
multimillion-dollar projects under construction in Florida, South Carolina and Maine.
CONSTRUCTION-TODAY.COM VOLUME 16, ISSUE 2
than 90 percent of Live
Oak Contracting's business
comes from repeat clients.
One of Live Oak's projects, a 243-unit
apartment complex in Gainesville, Fla., is
targeted for completion in fall 2018.
The Mayfair is expected to attract young
professionals and many of the area's medical school students who attend the nearby
University of Florida.
"There is definitely a large driving force
to recruit medical students," Palmer says.
"Many of the medical students have already
completed their undergrad work and some
have started families. Many desire to have a
larger living space than traditional student
The $30 million project is a mix of eight
three-story buildings with nine garages,
loads of amenities and high-end trim. At
more than 385,000 square feet, the complex
will offer one- to three-bedroom units. A
state-of-the-art fitness center with an outdoor pool will be located on the property.
Live Oak Contracting
* Headquarters: Jacksonville, Fla.
* Revenue: $180 million
* Employees: 50
* Specia y: Mu ifamily housing
"Our clients are giving us
rave evie and e word has
go en out."
- Walker Palmer, director of construction
Additionally, the Mayfair's clubhouse
will have a self-serve coffee center. The
property's units were designed with granite
countertops, walk-in showers and closets,
solid wood crown moldings, a mixture of
carpet and luxury vinyl tile and a number
of other high-end features.
"It's gotten crazy with the amenities,"