Plaza Construction says it plans to open an expansion office in Central Florida. Todd Fultz will lead the office serving markets including Tampa and Orlando, the company said in a news release.
“We view the central Florida market as having a lot of potential, not least because of its connectivity, world-class educational institutions, and lower land costs compared to metro areas like Miami or Fort Lauderdale,” said Plaza Construction Group Florida president Brad Meltzer. “We look forward to levering our unique expertise and international reach to bring the area’s most exciting projects to fruition.”
Both the Tampa and Orlando metro areas exhibit strong market fundamentals. Over the next five years, building construction starts in Tampa are projected to total more than $12 billion, or an average of $2.3 billion per year from 2018 to 2022, according to Dodge Data and Analytics. In Orlando, building construction starts are projected to total more than $19 billion, or an average of $3.7 billion dollars per year from 2018 to 2022, according to Dodge Data and Analytics.
“I’m pleased to join Plaza Construction and to continue working in Tampa, Orlando, and the surrounding markets” Fultz said in a statement. “The area’s steady economic growth, highly-skilled labor pool, and, as of late, urban renaissance, are what have kept me here and what has inspired me throughout my career.”
Previously, Fultz was vice-president of the central Florida region for Manhattan Construction and had worked as a project executive for DPR-Hardin Construction.
He currently serves as the board chairman for the Florida Gulf Coast Chapter of Associated Builders and Contractors (ABC).