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 educational building construction projects that were initiated in Q1 2023, according to GlobalData’s construction projects database.
1. Washington Campus Renovation – $785m
The project involves the construction and renovation of academic buildings in Washington, D.C., the US.
Construction work started in Q1 2023 and is expected to be completed in Q4 2026.
The aim of the project is to provide new and improved facilities for faculty, students and staff. Buy the profile here.
2. New Suitland High School – $335m
The project involves the construction of a new, 36,149m2 school in Maryland, the US.
Construction work commenced in Q1 2023 and is expected to finish in Q4 2026.
The project aims to replace the 70-year-old Suitland High School with a new school. Buy the profile here.
3. Tyler Medical Education Building – $308m
The project involves the construction of a 23,039m2 medical education building in Tyler, Taxes, the US.
Construction work started in Q1 2023 and is forecast to complete in Q1 2025.
The project aims to provide and support interdisciplinary education for graduate medical students, resident training, and nursing, and aid as part of a medical education program expansion throughout the UT Health East Texas Health System. In addition, the Medical Education Building will provide outpatient and specialty clinical services with exam rooms, specimen collection/processing, and imaging facilities. Buy the profile here.
4. Tobin Montessori & Vassal Lane Upper School – $299m
The project involves the construction of 33,361m2 Tobin Montessori and Vassal Lane Upper Schools campus in Cambridge, Massachusetts, the US
Construction work commenced in Q1 2023 and is expected to be completed in Q1 2026.
This project will provide new facilities for the Tobin Montessori School, Vassal Lane Upper School, Special Start and Department of Human Services Programs preschool, and after-school programs. Buy the profile here.
5. The Pearl Innovation District – $200m
The project involves the construction of a mixed-use community on 8ha of land in Charlotte, North Carolina, the US.
Construction work started in Q1 2023 and is expected to be completed in Q4 2026.
The project will be the first medical school in the city and aims to enhance research, education, and hospitality facilities in the region. Buy the profile here.
For more details on the latest construction projects, buy the profiles here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
