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Construction Starts on 250,000-SF Office Building

CORAL GABLES, FL-The general contractor for the class A office building here is Hoar Construction of Birmingham, AL. The project, which is set to be completed in the third quarter of 2004, is being developed by Hines.

By Melissa Bogdany | Updated on June 19, 2003

CORAL GABLES, FL-Hoar Construction of Birmingham, AL has begun construction on 2525 Ponce de Leon, a 12-story, 250,000-sf, class A office building here. The project’s developer is Hines, an international, privately owned real estate development, acquisition, leasing and management company.

The building’s ground-breaking is the start of the development of a city block that also will include condominiums, retail space, a public garden and parking. On part of the site is 2511 Ponce de Leon, a 100,000-sf, six-story office building that Hines is renovating and incorporating into the new mixed-use development. This area also will be the site of Dayco’s planned 103-unit Andalusia luxury condo project.

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