Coastal Construction Nails $1 Billion in Projects; Opens Palm Beach Office

MIAMI--()--April 6, 2006--Coastal Construction Group today announced that its portfolio of active projects in South Florida has surpassed the $1 billion level - a "riveting" record for the Miami-based general contracting company.

Coastal now has 30 projects totaling $1.1 billion under construction from Key West to North Palm Beach, ranging from public elementary schools to mixed-use developments to high-rise condominiums and ultra high-end custom homes.

To accommodate the company's continued growth and maintain its high standards, Coastal recently moved its corporate headquarters into a larger 20,000-square-foot facility in the Blue Lagoon area of Miami and has offices in Palm Beach and Fisher Island.

"Demand for quality general contractors is at an all time high," said Thomas P. Murphy, Jr., Chairman and CEO of Coastal Construction. "We are in a very favorable position to be able to turn down work and only choose the best projects with the most seasoned owners and developers."

Coastal's active construction projects include Trump Royale, a 55-story condominium in Sunny Isles Beach, the mixed-use Beachside development in Key West, three condominium projects at Renaissance Commons in Boynton Beach, the first phase of the 15-story Edge condominium in downtown West Palm Beach and nine school projects for Miami-Dade County Public Schools.

In January the company reached another milestone with the completion of the largest foundation "mat" pour in the Southeastern United States. The company poured almost 14,000 cubic yards of concrete in just 20 hours to form the foundation for the luxury high-rise Trump Royale condominium.

One of Florida's top general contractors, Coastal Construction Group operates five divisions: Coastal Construction, with a focus on hospitality, commercial, industrial and academic projects; Coastal Homes, building one-of-a-kind ultra high-end homes; Coastal Condominiums, active in the construction of mid- and high-rise condominiums; Coastal Construction Services, which focuses on large luxury multi-family housing projects; and Coastal Interiors, dedicated to building interiors of homes, condominiums, offices and commercial spaces.

For more information on Coastal Construction Group, call 305-559-4900 or visit http://www.coastalconstruction.com.

Contacts

Kreps/De Maria, Coral Gables, Fla.
Sissy De Maria or Cindi Perantoni, 305-663-3543
sdemaria@krepspr.com
cperantoni@krepspr.com

Contacts

Kreps/De Maria, Coral Gables, Fla.
Sissy De Maria or Cindi Perantoni, 305-663-3543
sdemaria@krepspr.com
cperantoni@krepspr.com