CBRE Project Management oversees design/build of renovated terminal building by architect Passero & Associates
St. Augustine, FL – April 20, 2016 – CBRE Project Management celebrated the opening of a new terminal building at North Florida Regional Airport, located at 4900 U.S. Highway 1 North in St. Augustine, Florida. CBRE was hired by architectural firm Passero & Associates to manage the design and construction of the Frontier Airlines terminal. CBRE was engaged on October 21, 2015, at which point the conceptual design drawings were in the 50% stage. CBRE’s team was able to fast-track the project for completion on April 14, 2016, in time for flights to resume as scheduled while also staying within the set budget.“The project team was able to find a qualified contractor, negotiate contracts, develop design work, request project bids, and secure the necessary permits all within a very short time frame,” said Stewart Green, Senior Project Manager for CBRE. “Our task was made even more challenging due to the Transportation Security Administration and airport ID badging requirements, federal and state financing requirements, and the ongoing airline flights and operations that surrounded the building. The project’s success is a true testament to CBRE’s ability as project managers, to provide our clients with a cost efficient approach to construction and speed to market. The hardest task in this environment (99 days from start to full occupancy) was keeping the team focused on immediate goals as a cohesive unit.”
With over 3,600 project management professionals managing $42 billion in contract value annually, CBRE Project Management maintains the world’s largest network of professional real estate project managers. Our unmatched geographical coverage combined with our scalable service delivery process enables us to plan, execute and generate value from projects, programs and portfolios for owners and occupiers in a variety of market sectors.
CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
