The construction market in North America is forecasted by GlobalData to grow by 1.9% in real terms in 2023, having decreased by 5.7% in 2022. A key growth market will be the infrastructure market, with output rising by 11.1% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are North America’s five largest commercial and leisure construction projects that were initiated in Q3 2023, according to GlobalData’s construction projects database.
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1. 103rd Street and Antioch Road Mixed-Use Redevelopment
The project involves the construction of a mixed-use community on 81ha of land in Overland Park, Kansas, the US.
Construction work started in Q3 2023 and is expected to be completed in Q4 2039.
The project aims to enhance residential, commercial, and health and wellness facilities in the region. Buy the profile here.
2. Elliot and Sossaman Road Data Center
The project involves the construction of a data center on a 76ha of land in Mesa, Arizona, the US.
Construction work commenced in Q3 2023 and is expected to finish in Q4 2030.
The project aims to meet the growing demand for data center services from local and international companies operating in the region. Buy the profile here.
3. Miami Freedom Park and Soccer Village
The project involves the redevelopment of the former Melreese Country Club site with a stadium and public park on 53ha of land in Miami, Florida, the US.
Construction work started in Q3 2023 and is forecast to complete in Q4 2025.
The private investors in the project include David Beckham former soccer player, Miami businessmen Jorge and Jose Mas, and Japanese multi-billionaire Masayoshi Son, chairman of Sprint and SoftBank, Simon Fuller, and Sprint CEO Marcelo Claure. Buy the profile here.
4. Monroe Block Mixed-Use Complex
The project involves the construction of a 21,367.69m2 mixed-use complex in Detroit, Michigan, the US.
Construction work commenced in Q3 2023 and is expected to be completed in Q4 2030.
The project aims to transform a mostly vacant two-square-block area bounded by Monroe, Bates, Cadillac Square and Randolph to provide better residential and commercial facilities in the region. Buy the profile here.
5. Woodside Square Redevelopment
The project involves the construction of a 229,916m2, mixed-use community comprising 2,555 residential units in Toronto, Ontario, Canada.
Construction work started in Q3 2023 and is expected to be completed in Q1 2027.
The project is located at the northwest corner of Finch Avenue East and McCowan Road. Buy the profile here.
For more details on the latest construction projects, buy the profiles here.
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GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
