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July 28, 2022

Five largest multi-family housing construction projects initiated globally in Q2 2022

By Carmen

Here are the largest multi-family housing construction projects initiated globally in Q2 2022, according to GlobalData’s construction projects database.

1. Suffolk Downs Redevelopment – $8,000m

The project involves the construction of a 1,505,029m2 mixed-use development on 65ha of land in Boston, Massachusetts, the US.

Construction work started in Q2 2022 and is expected to be completed in Q4 2040.

The project aims to attract employers of growing industries and create a truly dynamic live and work environment for the residents of Revere and East Boston.

2. Clapham Park Regeneration: Phase II – $2,039m

The project involves the construction of a residential community comprising 2,400 multi-story homes ranging up to 14-story on 36ha of land in South London, Greater London, The UK.

Construction work commenced in Q2 2022 and is expected to finish in Q4 2025.

The project aims to demolish 864 residential homes and 614m2 of non-residential floorspace to provide better residential facilities in the region. The project will be developed across 16 sites within the scheme.

3. Mayfair Mixed-Use Development – $2,000m

The project involves the construction of a mixed-use facilities on 769ha of land in New Braunfels, Texas, the US.

Construction work started in Q2 2022 and is forecast to complete in Q4 2037.

The project aims to provide residential, commercial and educational facilities.

4. Minamiikebukuro Two Chome C Area Type One Urban Redevelopment – $1,022m

The project involves the construction of twin residential towers with a total floor area of 1,89,410m2 on 1.51ha of land in Tokyo, Japan.

Construction work commenced in Q2 2022 and is expected to be completed in Q4 2025.

The project aims to provide better residential facilities in the region.

5. SoHo Square Mixed-Use Community – $1,000m

The project involves the construction of a mixed-use complex on 20ha in Dallas, Texas, the US.

Construction work started in Q2 2022 and is expected to be completed in Q4 2025.

The project aims to provide better residential and retail facilities to the region.

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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