Here are North America’s five largest multi-family housing construction projects that were initiated in Q1 2022, according to GlobalData’s construction projects database.
1. Pearson Ranch Mixed Use Development – $2,000m
The project involves the construction of a mixed-use complex on 63ha of land in Texas, the US.
Construction work started in Q1 2022 and is expected to be completed in Q3 2037.
The project aims to provide better residential, commercial and parking facilities in the region.
2. 520 Fifth Avenue Mixed-Use Tower – $1,000m
The project involves the construction of a 71-story, 304m high mixed-use development on a 41,806m2 area in New York, the US.
Construction work commenced in Q1 2022 and is expected to finish in Q4 2026.
The project aims to build a mixed-use tower to provide better residential, commercial and leisure facilities in the region. Upon completion, it will achieve LEED, WELL, and WiredScore certifications for the property.
3. Panama City Beach Mixed-Use Community – $1,000m
The project involves the construction of a mixed-use community on 383.6ha land in Florida, the US.
Construction work started in Q1 2022 and is forecast to complete in Q4 2024.
The project aims to provide better residential, commercial, and retail facilities in the region.
4. 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 commenced in Q1 2022 and is expected to be completed in Q3 2025.
The project will enhance the residential, commercial, retail and leisure facilities in the city.
5. GT Technology Enterprise Park – $750m
The project involves the expansion of Technology Enterprise Park on 7.6ha of land in Atlanta, Georgia, the US.
Construction work started in Q1 2022 and is expected to be completed in Q1 2029.
The project aims to meet the demand for residential, commercial office, and industrial facilities in the region. It will create 5,000 jobs.
Methodology:
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.
