Here are the largest commercial and leisure construction projects initiated globally in Q3 2021, according to GlobalData’s construction projects database.
1. Zhangzhou Development Zone Shuangyu Island Secondary Development – $4,335m
The project involves the construction of a Shuangyu Island in Zhangzhou, Fujian, China
Construction work started in Q3 2021 and is expected to be completed in Q3 2025.
The project aims to promote the image and quality of coastal tourism and provide leisure and entertainment facilities in the region.
2. Hamamatsucho Shibaura 1 Chome Redevelopment – $3,170m
The project involves the construction of a 550,000m2 mixed-use complex comprising of two 232.55m tall buildings each on 4ha of land in Minato-Ku, Tokyo, Japan.
Construction work commenced in Q3 2021 and is expected to finish in Q4 2030.
It is located in the Hamamatsucho district, close to a station for magnetic-levitation bullet train service.
3. East River Mixed-Use Development – $2,500m
The project involves the construction of a mixed-use complex on 61ha of area in Houston, Texas, the US.
Construction work started in Q3 2021 and is forecast to complete in Q4 2040.
The project aims to provide better residential and retail facilities to the region.
4. Inglewood Basketball Arena – $1,200m
The project involves the construction of a basketball arena with a capacity of 18,000 seats on 8.09ha of land in Inglewood, California, the US.
Construction work commenced in Q3 2021 and is expected to be completed in Q4 2024.
The project will become the Inglewood home for the Los Angeles Clippers.
5. The Link Tower – $1,120m
The project involves the construction of two mixed-use building towers in Paris La Défense, in the district of Michelet, Île-de-France region, France.
Construction work started in Q3 2021 and is expected to be completed in Q2 2025.
The purpose of the project is to meet the growing office spaces and leisure facilities requirements in the region.
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.