Here are the top five commercial and leisure construction projects that commenced in the US in Q4 2021, according to GlobalData’s construction projects database.
1. Lincoln Yards Mixed-Use Development – $6,000m
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The Lincoln Yards project involves the construction of a mixed-use community on 28.32ha of land in Chicago, Illinois.
Construction work started in Q4 2021 and is expected to be completed in Q4 2030.
The project aims to provide better residential, commercial, retail and office facilities in the region.
2. Uptown ATX Mixed-Use Complex – $3,000m
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By GlobalDataThe project involves the construction of a 650,321m2 mixed-use community on 26.7ha of land at 11501 Burnet Road in Austin, Texas.
Construction work commenced in Q4 2021 and is expected to finish in Q4 2026.
The project is being built on the campus of tech giant IBM Corp. The structures currently on campus were built in the 1980s and will be demolished as part of the development.
3. Entertainment District Expansion – $810m
The project involves the expansion of entertainment district in Texas.
Construction work started in Q4 2021 and is forecast to complete in Q4 2025.
The project aims to provide hospitality facilities in the region.
4. The Armand Mixed-Use Development – $800m
The project involves the construction of three five-story building with mixed-use facilities on 7ha of land at Longboat Key in Sarasota, Florida.
Construction work commenced in Q4 2021 and is expected to be completed in Q4 2024.
The project aims at providing high-end residential and luxurious hotel facilities for the region. It aims to redevelop the former Colony Beach & Tennis Resort site.
5. Cleveland Global Headquarters – $600m
The project involves the construction of a global headquarters and Research and Development building in Cleveland, Ohio.
Construction work started in Q4 2021 and is expected to be completed in Q4 2024.
The project aims to create a next-generation workplace environment that ignites creativity, collaboration and industry-leading innovation.
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.
