section background

Construction tops out on 17 story luxury condo, AQUA at West Shore Yacht Club

Date: 04.24.2025

Published In: South Florida Business Journal

South Florida has earned global attention for a host of key sectors. Its technology, banking and finance, and travel and tourism industries are among the most noted industries in Miami-Dade, Broward and Palm Beach counties.

The real estate sector, however, continues to garner headlines across the country and around the world. From luxury single-family homes and condominiums trading for tens of millions of dollars – some even over $100 million – to developers’ and government leads’ focus on workforce housing, residential remains a burgeoning and vital market.

For businesses moving to the region, commercial real estate and mixed-use developments are accommodating inbound migration and upward growth alike. Warehouse and logistics facilities, in tandem with the transportation infrastructure, make sure that products arriving via seaports, airports, rail and trucks find their way to consumers.

Founder, chairman and CEO, Coastal Construction Group

Miami

Murphy started his construction business at 19, and today it is one of the largest builders in Florida. The company has invested millions of dollars in construction industry solutions Renco, Togal.AI and Hoyst.

Birthplace: Washington, D.C.
Education: Attended the University of Miami

Biggest challenges facing real estate: A labor shortage and the ability to attract young talent to the construction industry.

How AI will change my industry: Probably every workflow we currently have will eventually change.

Highlight from my career: The opportunity to build and live, simultaneously, at Ocean Reef Club at age 28.

Where I take friends in town: Garwood Lounge or Beach Club at Fisher Island, Joe’s Stone Crab or Estiatorio Milos.

Contact: www.coastalconstruction.com, spatino@coastalconstruction.com, 305-559- 4900

READ MORE