fbpx

Construction Colossus

Kast Construction approaches $600 million in revenue

Every morning, Mike Neal does “a lap around the office.” He wants to know how employees’ days are going and how their kids are doing. Later, he’ll grab a sandwich and sit in the lunchroom.

It feels like family, he says. But this is no mom-and-pop operation. As CEO of Kast Construction, Palm Beach County’s largest general contractor, Neal has worked hard at building not only condos, senior-living facilities and country clubs, but also building a culture of communication and comfort among his 240 employees.

“I’ve worked hard on creating an environment where people don’t feel they can’t approach their leaders,” Neal says. “I don’t want to be an intimidating presence around the office. I want people to feel open to discuss business issues. A problem on a job site can turn into a $10 million problem in a heartbeat if you have management by intimidation rather than what I call a genuine, open, transparent philosophy about how we treat people.”

That philosophy underlies the course Neal set for Kast when he joined the company as president in 2011. Then a $30 million company focused primarily on Palm Beach County, Kast today is approaching $600 million in annual revenue and is ranked among the top five contractors in Florida and among the top 200 in the country. Forbes ranked it among America’s best midsize companies for workers.

And since Neal came out of retirement to take the reins of Kast, the company has spread its footprint west, with a regional office in Tampa, and south with an office in Miami.

100 Las Olas
Midtown 8
The Westin Sarasota
One St. Petersburg
Palmetto Promenade

“We started our growth by first following our clients to southwest Florida and then to Tampa, St. Petersburg and Sarasota,” says Neal, 62. “We stayed out of Miami on purpose. We didn’t want to get caught up in the second condominium bubble, so we zigged when everybody else was zagging. Now, many of our clients are demanding we build for them in Miami, and we felt it was important enough to hear them and listen to them.”

Kast’s nearly 30 current projects span the state—among them are Midtown 9, a 28-story multifamily high-rise in Miami; Fort Lauderdale’s tallest building, 100 Las Olas, a 48-story hotel-condo project; and One St. Petersburg, a 42-story condo in St. Petersburg and the tallest building on Florida’s west coast.

“Everywhere from [Interstate] 4 south, from Tampa to Sarasota, and then from West Palm Beach to Miami, I’m pretty impressed with the things I’m seeing happening in our state. We were a little bit smarter and a little bit lucky calling Tampa when we did 3½ to four years ago. Tampa’s going through a bit of a renaissance, and that’s spilling over into downtown St. Pete and pushing south into Sarasota,” he says. “These are great walkable cities, and I’m a walkable-city guy. I love what I see happening in Tampa, St. Petersburg, Sarasota, Miami, Fort Lauderdale and West Palm Beach. We could stay very busy here.”

Still, there’s more to building a top company than rebar and concrete, and Neal gives much credit to his philosophy of management from an early mentor. He learned the importance of leadership from, and continues to follow the philosophy of, former General Electric CEO Jack Welch: Develop great leaders at every level of the organization.

“When you do that,” he says, “you have the ability to grow, because you’re growing around your leaders. We have some very smart guys who we’ve turned into great leaders.”

And Neal puts that commitment high on his priority list each year with extensive and serious training. Kast employees receive an average of 40 hours of training a year. Top managers attend leadership training at West Point—the U.S. Military Academy’s Leadership Center hosts an annual international leadership conference featuring top military and civilian leaders to confer on global issues, among other programs.

Nevertheless, for all the success Neal has helped bring to Kast, he says he tries to remain “humble and approachable.”

“I don’t want to be the big, flashy guy who domineers and dominates everything,” he says. “I’m going to look back at my life and measure my success, I think, by how many leaders I’ve created and how many careers I’ve changed, how many lives I’ve changed. It’s really a lot of fun, and very satisfying to pass the torch to other people, identifying good people and nurturing that talent and mentoring them and watching them go as far as they can go.” ♦

 

You May Also Like
Editor’s Letter: Old Friends and New Developments

There are a lot of interesting people and families in our May issue.

Read More
SFMA Hosts Recognition of Excellence Ceremony on June 20

Attendees are encouraged to register.

Read More
Miami Swim Week Nears Highly-Anticipated Return

The event aims a global spotlight on fashion, culture, and sustainability.

Read More
Miami Swim Week
Renowned Broward County Business Leader, Susie Levan, Dies at 73

The wife of Alan Levan, Chairman of BBX Capital, Inc., left an indelible mark on the community.

Read More
Other Posts
Breaking News: Greater Fort Lauderdale Alliance’s Mid-Year Meeting Unveils Local Economic Insights

Over 600 members and guests attended the event at the Seminole Hard Rock Hotel & Casino in Hollywood.

Read More
How Can You Use Analytics To Acquire More Customers?

Marcelo Salup, CEO of Performist U.S., provides insight.

Read More
Fort Lauderdale International Film Festival Hosts Extravagant Kentucky Derby Event

Experience the annual horse race on a 30-foot screen.

Read More
South Florida Leaders Forge Alliance to Advance World Cup 2026 Plans

The collaboration includes four women mayors.

Read More

Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.