Construction Today - January/February 2013 - (Page 46)

Residential | REGALIA BEACH DEVELOPERS LLC – REGALIA Your Own Floor THE REGALIA CONDOS BRING LUXURY LIVING TO THE FLORIDA COAST. BY RUSS GAGER Regalia Beach Developers LLC – Regalia • Project cost: More than $200 mil • Location: Sunny Isles Beach, Fl lion a. • Employees onsite at peak: Approximately 300 • Scope of work: Luxury condominiu ms “You feel like you’re part of the outdoors.” -Louis Montello, president Beach Developers is »Regalia work on the 47-story hard at Regalia condo project. B ecause of various financial issues from previous owners, Regalia Beach Developers LLC decided to start construction of its eponymous luxury high-rise condominium tower in Sunny Isles Beach, Fla., before sales started to show that it was going to happen. “We commenced construction immediately and then six months later started sales,” President Louis Montello points out. “The project had started and stopped numerous times under the previous developer. It was very important for 46 CONSTRUCTION-TODAY.COM JANUARY/FEBRUARY 2013 people to realize it was going to happen this time. So we took an aggressive approach of starting construction before launching sales, and I think we hit the market exactly right.” A bank that had made the construction loan for the original developer of Regalia failed in 2009, and the Federal Deposit Insurance Corp. sold the note for Regalia to a Texas bank. A private lender who was Montello’s client held the second mortgage for the project and purchased the entire project under the name Regalia Beach Developers LLC. “At that point, all the permits and plans were in place,” Montello states. “Fortunately, they had already done all the test pile work. It took me about six months to re-engage the architect and engineering consultants, get them back on board and hire a development team to get going again. During that period of time, we started to interview and participate with the general contractor to decide who would be selected for the balance of the construction work.” Construction began in November 2011, and completion is scheduled for the fourth quarter of 2013. Now more than 40 percent sold and halfway to completion, Regalia is the first of several condominium projects being built in the area. “We’re the ones who came out of the ground first,” Montello points out. “What’s great about our site is we’re bordering Golden Beach, which is all single-family homes. So we have unobstructed views to the east and northwest, and the closest building to the south is 380 feet. No one has the kind of views we do and one unit per floor. The views are incredible.” Luxury Living The 47-story Regalia – the project cost of which will range close to $200 million – will have 37 single-floor residences plus two two-story residences, all with 360-degree views from floorto-ceiling windows. The approximately 5,600-square-foot singlefloor units will have an extra 2,100 square feet http://www.CONSTRUCTION-TODAY.COM

Table of Contents for the Digital Edition of Construction Today - January/February 2013

Construction Today - January/February 2013
Case Studies
Best Practices
Business Management
Green Construction
Construction Materials
Consigli Construction – Wat Nawamintararachutis NMR Meditation Center Thai Buddhist Temple
The Michaels Organization – University Student Living
Clark Builders – The Mustard Seed
JC Beal Construction Inc.
Plaza Construction – ENV
Regalia Beach Developers LLC – Regalia
Batson-Cook Construction – SkyHouse Orlando
Billingsley – Cypress Water Dallas
Jon M. Hall Co.
Pratt Homebuilders
John Moriarty and Associates – Charlesview Residences at Brighton Mills
Daikin America – Plant Expansion Project
Morton Buildings
MSI General Corp.
ClearSpan Fabric Structures
TOPCOR Companies LLC
Coatings Unlimited Inc.
Brencal Contractors Inc.
Del’s Construction Co. Inc. – Cambria Production Facility Expansion
Paric Corp.
Archer Western – Consolidated Courts Complex
Tishman Construction
McCarthy Building Cos. – Mercy Hospital Joplin
University of Maryland Medical System – Trauma Center Expansion
Swinerton Builders – San Joaquin Community Hospital Cancer Center
The Lemoine Company – Lafayette General Medical Center expansion
L.F. Driscoll – Temple University
P. Agnes
FIP Construction Inc.
National Lutheran Communities and Services – The Village at Rockville
Carothers Construction Inc. – Special Operations Command South Headquarters
The Hillman Group
Taylor Woodstone
Tooz Construction Inc.
Woolley’s Classic Suites
Structure Tone – Novo Nordisk Inc. North American headquarters
Gilbane Building Co. – Potawatomi Bingo Casino hotel
Pacific Building Group
Denark Construction – Owensboro-Daviess County Convention and Events Center
Traylor Bros. Inc.
Bobcat Contracting LLC
Reliable Contracting Co. Inc.
Union County and KemperSports – Galloping Hill Golf Course Clubhouse and Learning Center
E.L. Robinson Engineering
INDOT: 1-69 Corridor
Palmetto Corp
Monroe Tractor
Wood's CRW Corp.
Last Look

Construction Today - January/February 2013