Core Construction New Office Building
Core Construction, a leading construction firm, has officially opened a new office in Fort Lauderdale on March 1. Spanning 20,000 square feet in the iconic 1 East Broward tower, this expansion signifies the company’s commitment to growing its presence in South Florida. With a focus on enhancing local infrastructure, Core aims to attract more business opportunities while providing a productive work environment equipped with modern amenities. This move aligns with the flourishing downtown office market, highlighting Fort Lauderdale’s appeal for new businesses.
Fort Lauderdale has been buzzing with excitement recently as Core Construction, a reputable firm based in Frisco, Texas, has officially opened its brand-new office in the heart of the city! The doors swung open on March 1, marking an important milestone for the company and the community.
The shiny new office occupies an impressive 20,000 square feet spread across the second and third floors of 1 East Broward, a recognizable 19-story office tower that has been a part of Fort Lauderdale’s skyline since 1985. This space is expected to contribute greatly to the vibrant atmosphere downtown, attracting more local businesses and fostering a collaborative environment.
The leasing arrangement, which has a duration of 46 months, was made possible through a sublease from Alms Healthcare. With this new office, Core Construction aims to bolster their presence in South Florida, a region currently flourishing with numerous development projects. The expansion reflects a commitment to meet the growing demands of clients as the region sees rapid growth.
Founded in 1937, Core Construction has established itself as a staple in the construction and building industry. Employing over 1,200 individuals across the U.S., the firm is known for focusing on various sectors including K-12 public schools, healthcare facilities, and government projects. Having operated in Florida since 1982, Core has also made its mark with other offices in major cities such as Orlando, University Park, and West Palm Beach.
Some of the notable projects the company has completed in the South Florida area include the renovation of Walter C. Young Middle School in Pembroke Pines and the construction of the Broward County Supervisor of Elections facility in Fort Lauderdale. These projects highlight the firm’s commitment to enhancing educational and public infrastructure in the region.
As a tenant of 1 East Broward, Core Construction joins an elite group of businesses, including the city of Fort Lauderdale and West Marine’s headquarters. This office tower is not just a place to work; it also offers a range of amenities that can enhance the work-life balance. Professionals can take advantage of a fitness center, a dry cleaner, and a well-equipped conference center right in the building.
Currently, office space at 1 East Broward is priced at $32 per square foot, excluding utilities and other services, with Alms Health’s former sublease space tagged at a more affordable $24 per square foot. This pricing reflects the competitive and ever-evolving nature of the downtown Fort Lauderdale office market.
It’s no secret that Fort Lauderdale is emerging as a hot spot for businesses. The downtown office market has seen substantial activity lately, with major properties such as Las Olas Centre and Bank of America Plaza trading for over $200 million. This speaks volumes about the city’s appeal, especially as existing companies look to secure quality space in the area.
With Core Construction’s new presence in Fort Lauderdale, the future looks bright for both the company and the city. They are set on making waves in this vibrant community and contributing to its growth, while ensuring client satisfaction and building with integrity!
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