Here are North America’s five largest multi-family housing construction projects that were initiated in Q2 2022, according to GlobalData’s construction projects database.
1. Suffolk Downs Redevelopment – $8,000m
The project involves the construction of a 1,505,029m2 mixed-use development on 65ha of land in Boston, Massachusetts, the US.
Construction work started in Q2 2022 and is expected to be completed in Q4 2040.
The project aims to attract employers of growing industries and create a truly dynamic live and work environment for the residents of Revere and East Boston.
2. Mayfair Mixed-Use Development – $2,000m
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The project involves the construction of a mixed-use facilities on 769ha of land in New Braunfels, Texas, the US.
Construction work commenced in Q2 2022 and is expected to finish in Q4 2037.
The project aims to provide residential, commercial and educational facilities.
3. SoHo Square Mixed-Use Community – $1,000m
The project involves the construction of a mixed-use complex on 20ha in Dallas, Texas, the US.
Construction work started in Q2 2022 and is forecast to complete in Q4 2025.
The project aims to provide better residential and retail facilities to the region.
4. Clearfield Station Mixed-Use Development – $850m
The project involves the construction of a mixed-use complex on 22.6ha of land in Clearfield, Utah, the US.
Construction work commenced in Q2 2022 and is expected to be completed in Q2 2042.
The project aims to offer increased access to opportunities for Clearfield residents and will provide access to jobs.
5. The Stacks Mixed-Use Development – $800m
The project involves the construction of a 185,806m2 mixed-use complex in Washington D.C, the US.
Construction work started in Q2 2022 and is expected to be completed in Q4 2026.
The project will enhance the residential, commercial, retail and leisure facilities in the city. Upon completion, it will secure LEED Gold certification.
This analysis is drawn from GlobalData’s global construction projects database, which tracks new construction projects over $25m from announcement to completion.
Verdict’s parent company GlobalData plc provides business information to 4,000 of the world’s largest companies.