Miami, a city full of investment, cranes and development, is just about back to business as usual for its biggest developers. CMC Group's 552-unit Brickell Flatiron resumed construction today (9/15/17) which is keeping the project on schedule for completion by June 2019. The development site saw little damage during the storm, which swamped Brickell with flooding throughout the city streets. There were reports that cranes were down, but the reports ended up being false and one of the cranes has already by re-certified in excellent condition. In Edgewater, Melo Group's Aria on The Bay saw no damage to the glass, waterfront tower. They announced that construction is back in full-swing as they race to finish and deliver the tower.
In the Arts + Entertainment District, Canvas by NR Investments saw little to no damage and the developers expect to restart construction any day. Next door, Melo Group's Square Station is still waiting for power to return so they can resume construction. PARAMOUNT Miami WorldCenter also resumed normal construction today (9/15/17).
Not all projects escaped unscratched. PMG's 300 Biscayne rental tower in downtown suffered damage to a crane which has put the project on pause for the current time. Another crane collapsed at Related Group's GranParaiso and at Auberge Beach Residences and Spa in Fort Lauderdale. Once the fallen cranes are cleaned up, the developers expect to resume construction and get back on schedule. Moody's Analytics estimates that Florida suffered between $64 billion and $92 billion in property damage, although the specific numbers for South Florida have not been released.