The construction of a new building at One Brickell City Centre will bring Miami’s tallest office tower to an already amazing office market. But with Miami’s permit office busy with many projects and taking MONTHS to approve building permits, how will the city handle this project?

As they construct the building over the next 5-7 years and new tenants build out office spaces, the City of Miami is assisting with permitting and inspections to help move tenants in. The less friction in place, the faster the tax dollars can start flowing from the building’s use.

But what does this mean for your construction project? How can you take advantage of a permit assistance program?

A crucial step in your construction project is completing due diligence before purchasing commercial real estate. But what is due diligence? And what’s required in the process?

Let’s walk through the steps of due diligence for a commercial real estate transaction.

The difference between owner's rep advisor vs project manager

Hard Costs vs. Soft Costs: Understanding the Important Differences in Construction

Construction related challenges – design and budget, how to add value to the process, control permit and design timelines

4 Reasons Why You Need an Owner’s Representative for Your Next Construction Project

The COVID pandemic not only created supply chain issues but also highlighted the continuing widening gap in skilled labor – both in construction and other skilled trades. 

Managing Construction Cost Escalations and Supply Delays: How to Protect Yourself

Before the COVID pandemic, cost escalations and supply delays during construction were expected but manageable. During a typical construction project, an owner or general contractor would encounter a price escalation about once a quarter. But the pandemic brought on many unexpected problems (like the toilet paper shortage).

A contract between the owner and the general contractor is the backbone of a construction project. Without a contract, the general contractor has no direction, and the owner has no protection. So it’s important to have a good, solid contract – and that’s where AIA construction contracts play a role. Let’s look at what AIA construction contracts are and why you should use one.

In a construction contract, the pricing structure forms the basis for all transactions that occur during construction. Two common pricing structures are guaranteed maximum price (GMP) and lump sum.