According to GlobalData, the value of the US construction market is forecast to grow by 2.0% in real terms in 2023, having decreased by 7.0% in 2022. A key growth market will be the infrastructure market, with output rising by 12.6% 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 the top five institutional building construction projects that commenced in the US in Q4 2023, according to GlobalData’s construction projects database.
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1. Pennsylvania State Police Academy
The project involves the construction of a 34003m2 police academy on a 59ha land area in Pennsylvania.
Construction work started in Q4 2023 and is expected to be completed in Q4 2028.
The Pennsylvania State Police Academy is set to become a state-of-the-art facilities second to none in the nation, offering cadets hands-on learning opportunities, each Pennsylvanian is entitled to be a part of our communities. Buy the profile here.
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2. Lucas County Pre-Trial Detention Center
The project involves the construction of a 20,160m2, two-story pre-trial detention center in Toledo City, Lucas County, Ohio.
Construction work commenced in Q4 2023 and is expected to finish in Q4 2026.
The project aims to provide efficient, economical, and humane housing for inmates in Lucas County.
3. Brookhaven City Hall
The project involves the construction of a 6,874m2, five-story mass-timber city hall on 0.48ha of land in Brookhaven, Georgia.
Construction work started in Q4 2023 and is forecast to complete in Q3 2025.
The facilities will house government offices and space for public meetings and also serve as a community center. It will include a rooftop terrace that could be used for weddings and public events. Buy the profile here.
4. Custom House Expansion
The project involves the expansion and renovation of the Custom house in Wilmington, Delaware.
Construction work commenced in Q4 2023 and is expected to be completed in Q4 2026.
The project aims to restore the Custom house for public use and to be a permanent home for the New Castle County Supreme Court offices and branch administrative offices in Wilmington. Buy the profile here.
5. Northwest Louisiana State Office Building
The project involves the construction of an eight-story office building in Shreveport, Louisiana.
Construction work started in Q4 2023 and is expected to be completed in Q4 2025.
The project aims to provide a new government office building in the region. 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.
