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May 23, 2022updated 27 Jul 2022 5:11pm

Five largest multi-family housing construction projects initiated globally in Q1 2022

By Carmen

Here are the largest multi-family housing construction projects initiated globally in Q1 2022, according to GlobalData’s construction projects database.

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1. Wuhan Xinrong TOD Sky Street Complex – $2,519m

The project involves the construction of a mixed-use complex in Wuhan, Hubei, China.

Construction work started in Q1 2022 and is expected to be completed in Q2 2026.

The project aims to enhance the residential and commercial facilities in the region.

2. 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 commenced in Q1 2022 and is expected to finish in Q3 2037.

The project aims to provide better residential, commercial and parking facilities in the region.

3. Krampnitz Housing Development – $1,831m

The project involves the construction of the Krampnitz housing complex on 150ha of land at Krampnitz Barracks, Potsdam, Brandenburg, Germany.

Construction work started in Q1 2022 and is forecast to complete in Q4 2038.

The project aims to provide living space for 10,000 people.

4. Chengdu Future City – $1,150m

The project involves the construction of a future city on an area of 460ha of land in Chengdu, Sichuan, China.

Construction work commenced in Q1 2022 and is expected to be completed in Q4 2025.

Chengdu Future City is a car-free masterplan for the capital of China’s Sichuan province.

5. 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 started in Q1 2022 and is expected to be completed 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.

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.

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by Oracle
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