Tampa company continues its acquisitions roll, and a Miami project progresses.
Oracle Acquires Maryland-Based Landmark Elevator
Tampa-based Oracle Elevator has acquired Landmark Elevator, the company announced in February. Landmark, a provider of service, modernization and new installation in Maryland, Virginia, West Virginia and Pennsylvania, is a family-owned business founded in 2001. Oracle said the acquisition will be the foundation for its northeast expansion plans as it positions itself to be “the leading independent alternative to the multinational elevator companies.” Landmark represents Oracle’s 32nd acquisition since 2004.
Landmark owner and company President Bill Block, Jr. noted he and his father started the company, and his son, Bill Block, III, is a technician at the company, representing the family’s fifth generation of elevator professionals. Bill, Jr., who will stay with the company as general manager, said he was “excited” for the opportunity. Oracle President and CEO Paul Belliveau said, “Oracle continues to realize strategic geographic expansion opportunities,” adding, “Landmark’s reputation for dependable and professional service made them an ideal fit for Oracle, and we are eager to embark on the future together.” Oracle operates across 45 markets in 20 states.
Developers Secure Loan for Miami Project’s Second Tower
The developers of the Link at Douglas complex in Miami closed on a US$99-million loan to proceed with construction of Tower II of the project, the Council on Tall Buildings and Urban Habitat (CTBUH) reported in February, citing The Real Deal. The developers, 13th Floor Investments and Adler Group, are ready to proceed with the 36-story, 421-unit apartment tower designed by Arquitectonica. Tower II will include 17,000 ft2 of retail space. The 7-acre project, at the corner of U.S. 1 and Douglas Road, is being built next to Miami-Dade County’s Douglas Road Metrorail station at 3100 Douglas Road. The project broke ground in July 2019 with Tower I, a 22-story, 312-unit building expected to be delivered in 2021. It will have 6,000 ft2 of retail space. Construction of Tower II was expected to begin in February and be completed by the end of 2022.
ECNY Relaunches Website
The Elevator Conference of New York (ECNY) has relaunched its redesigned website (www.ecnyweb.com). Now with updated event notification and online registration for ECNY memberships, seminars and other events, it offers online payment with all major credit cards. Other features include an active list of members, organization history and scholarship application portal.