Chicago’s Real Restoration Group Expands Into Miami, Delray Beach
By Celia Young April 23, 2021 6:15 pm
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Chicago-based construction firm and general contractor Real Restoration Group is expanding into South Florida, with two new offices in Miami and Delray Beach.
The firm is in talks with landlords in Miami for a 2,000-square-foot office, and a 6,000- to 10,000-square-foot warehouse, CEO and founder Morris Gershengorin told Commercial Observer. Further up north, in Delray Beach, the firm is also scouting out a 1,500-square-foot office.
The new Miami office will be fully operational in about two weeks, Gershengorin said. While he declined to disclose the address, given that the deal has yet to close, asking rents were $33 per square foot on a 5-year lease with a 5-year extension option. In Delray Beach, the firm may partner with the office developer to gain an ownership stake in that property.
Real Restoration will be hiring local professionals for construction and development projects, which include affordable workforce housing, high-end residential housing, new single-family construction, and projects in the hospitality sector.
“I think that Florida is full of talent,” Gershengorin said. “Given the right canvas, it could really showcase that talent. We’re really excited to work [with this] different style of building.”
Having a physical location in Florida was crucial, Gershengorin said, as construction firms and contractors need to be on the ground to tackle problems, go into detail about building designs and ensure clear communication.
Gershengorin pointed to affordable housing as the firm’s first priority, and said it works to build high-quality, affordable housing by shrinking unit size while adding value through amenities.
“People are chasing the American dream similar to when my parents came to America,” he said. “Everyone lived in a one-bedroom apartment … and it wasn’t a very nice place to live. And it doesn’t have to be that way.”
“[Affordable housing] is something that we believe in. I think the world needs more of that, generally speaking, [for] both Chicago and South Florida.” he said. “We do a lot of building, some crazy projects that are architecturally different, and super high-end and technologically advanced. I think that everybody deserves a piece of that.”
