TRG delivered Tesla’s second Collision Center in the state of Florida in the City Limits of Fort Lauderdale, FL. This gut renovation project was an exceptionally challenging exercise as it was located within the City Limits, TRG delivered it during the South Florida COVID migration and construction boom, and it encompassed two (2) buildings required two separate permits that has different zoning designations and very different vintages (one building was 1970’s vintage and the second building was 2008 vintage).

Throughout the duration of this project, we experienced extreme supply chain delays of 52+ weeks for certain materials, major labor shortages, 6+ month permitting approvals, major inflationary pressures, the quickest rise in interest rates in US history (500 bps throughout the duration of the project), amongst many other hurdles. We successfully obtained our permits in June 2022 and completed construction, including the issuance of a Temporary Certificate of Occupancy, in December 2022 for both buildings. From start to finish, we completed this gut renovation redevelopment in a remarkable seven (7) months.

Given our deep real estate investing, construction, and development experience, we acquired the property prior to securing the necessary entitlements in assist in Tesla’s rapid expansion throughout the United States.