RIVERx Construction Update

admin Multi-Family, Portfolio Updates

We are excited to share that the interior demolition program at our RIVERx site in Fort Lauderdale has been completed, and the exterior demolition is now substantially completed as well. The Site is now almost entirely clear and our demolition program is expected to be fully complete before the end of October. The next stage is the foundational work including drilling of test piles, site excavation, and form work. This will be completed prior to the commencement of vertical construction of the first tower.

We are also pleased to report that Hurricane Irma did not cause any damage to our RIVERx site and that we do not anticipate any delays or additional costs as a result of the hurricane.

Image: Demolition progress at our Fort Lauderdale site

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