According to GlobalData, the value of the US construction market is forecast to grow by 2.0% in real terms in 2023, having decreased by 7.0% in 2022. A key growth market will be the infrastructure market, with output rising by 12.6% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are the top five commercial and leisure construction projects that commenced in the US in Q4 2023, according to GlobalData’s construction projects database.
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1. Bellwether District Mixed Use Campus
The project involves the construction of a 1,300,643m2 mixed-use campus on 526ha in Pennsylvania.
Construction work started in Q4 2023 and is expected to be completed in Q4 2029.
The project is a redevelopment of the former Philadelphia Energy Solutions refinery on the site. Buy the profile here.
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2. Potrero Power Plant Mixed-Use Community
The project involves the construction of a 492,386m2 mixed-use community comprising 20 buildings on 11.7ha of land in California.
Construction work commenced in Q4 2023 and is expected to finish in Q4 2035.
The project aims to provide better office, residential, hotel and retail facilities in the region. Buy the profile here.
3. The American Heartland Theme Park and Resort
The project involves the construction of an entertainment destination on 405ha of land in Vinita, Oklahoma.
Construction work started in Q4 2023 and is forecast to complete in Q4 2026.
The project aims to build an entertainment and luxury outdoor resort destination. Once, completed the project will be one of the largest entertainment destinations in Vinita by creating 300 jobs in the region. Buy the profile here.
4. Douglasville New Data Center Campus
The project involves the construction of a two-story, 69,677m2 data center campus with a capacity of 180 MW on 22ha of land in Douglasville, Georgia.
Construction work commenced in Q4 2023 and is expected to be completed in Q3 2025.
The project aims to serve hyper-scale needs for powerful, reliable digital infrastructure in the Douglasville region and site will also be connected to DC Blox’s 500-mile dark fiber route.
. Buy the profile here.
5. Spotsylvania County Kalahari Resort and Convention Center
The project involves the construction of a 128,206m2 water park resort on 55ha of land in Thornburg, Spotsylvania County, Virginia.
Construction work started in Q4 2023 and is expected to be completed in Q4 2026.
The project aims to build Virginia’s Largest Indoor Waterpark to attract more visitors and businesses to Virginia. It also aims to create 1,400 operational jobs and a significant economic impact on the region. Buy the profile here.
For more details on the latest construction projects, buy the profiles here.
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GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
