A joint venture between Coastal Construction and Tishman Construction was selected to manage construction of the Margaritaville Hollywood Beach Resort.
Groundbreaking on the hotel and entertainment complex is set for Aug. 22.
Miami-based Coastal and Tishman Construction, a unit of AECOM, said their partnership is part of a strategic alliance to work together in South Florida.
“There are great synergies between our two companies, including our mutual track records for creating hotels, resorts and multi-family residential projects of distinction, but more importantly, our shared values and company culture,’’ Coastal chairman and CEO Tom Murphy Jr. said in a statement.
The project is run by Margaritaville Hollywood Beach Resort LP, comprised of developers Lojeta Millennium and Margaritaville of Hollywood, and the investment group Starwood Capital.
Plans for Margaritaville call for a 17-story, 349-room hotel, restaurants, bars, and retail space on a 5-acre site. The project includes a 1,056-car garage, a refurbished bandshell, public restrooms, a water park and boat docks along the Intracoastal Waterway. It is scheduled to be completed in 2015.
Coastal is currently building 27 projects in South Florida, including The Edition and Saxony Hotels in Miami Beach. New York-based Tishman is managing construction of the 1,776-foot-high One World Trade Center in New York.