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Tutor Perini wins $61M hotel contract

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November 18, 2013

Tutor Perini wins $61M hotel contract

SYLMAR, CA-Tutor Perini Corporation?says its subsidiary Roy Anderson Corp., has been hired by HRI Properties to construct the?225 Baronne?Mixed-Use Development Project in New Orleans.?The development will include luxury apartments and a hotel. 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 that will consist of?192 apartment units?of mixed-income housing, a?188-room hotel, and a?356-space public parking?garage.

225 Barrone will also 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 before the end of the month, and substantial completion is expected in?December 2014. The contract value will be included in the Company?s reported fourth-quarter backlog.

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.

Source GlobeSt, http://www.globest.com/news/12_735/west/multifamily/Tutor-Perini-Subsidiary-Wins-61M-New-Orleans-Hotel-Contract-339759.html

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