Tutor Perini Corporation (NYSE: TPC), a leading civil and building
construction company, today announced that its subsidiary, Roy Anderson
Corp., has been awarded a contract by HRI Properties for construction of
the 225 Baronne Mixed-Use Development Project, including luxury
apartments and a hotel in New Orleans, Louisiana. The contract is valued
at $61.3 million.
The project involves the conversion of an existing 31-story office
building into a mixed-use development. The development will consist of
192 apartment units of mixed-income housing, a 188-room hotel, and a
356-space public parking garage. The project will include an on-site
property management office, a multi-purpose room, an exercise room,
roof-top swimming pools, and covered bicycle parking. Also included in
the development is the demolition of the 919 Gravier Building and the
construction of an enclosed structural steel parking garage ramp on the
919 Gravier Building lot to provide access to the parking garage levels
in the 225 Baronne Street Building.
Construction is expected to begin in November 2013 and substantial
completion is expected in December 2014. The contract value will be
included in the Company’s reported fourth-quarter backlog.
About Tutor Perini Corporation
Tutor Perini Corporation is a leading civil and building construction
company offering diversified general contracting and design-build
services to private clients and public agencies throughout the world. We
have provided construction services since 1894 and have established a
strong reputation within our markets by executing large complex projects
on time and within budget while adhering to strict quality control
measures.
Copyright Business Wire 2013