Here are North America’s five largest office building construction projects that were initiated in Q3 2021, according to GlobalData’s construction projects database.
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1. East River Mixed-Use Development – $2,500m
The project involves the construction of a mixed-use complex on 61ha of land in Houston, Texas, the US.
Construction work started in Q3 2021 and is expected to be completed in Q4 2040.
The project aims to provide better residential and office facilities to the region.
2. Pittsburgh Mixed-Use Development – $1,000m
The project involves the construction of a mixed-use development on 11.33ha of land in Pennsylvania, the US.
Construction work commenced in Q3 2021 and is expected to finish in Q4 2023.
The purpose of the project is to enhance the local community by providing mixed-use facilities including residential, commercial and office along with other recreational amenities under one roof.
3. Madison Yards Mixed-Use Redevelopment – $1,000m
The Madison Yards project involves the construction of a mixed-use community on 8.4ha of land in Madison, Wisconsin, the US.
Construction work started in Q3 2021 and is forecast to complete in Q4 2026.
The project aims to provide better residential and commercial facilities in the region.
4. Walmart Headquarters Development – $1,000m
The project involves the construction of a headquarters on 142ha of land in Bentonville, Arkansas, the US.
Construction work commenced in Q3 2021 and is expected to be completed in Q4 2025.
The project aims to locate employees from different sectors on a single campus and to attract and retain talent.
5. Metrotown Property Redevelopment – $778m
The project involves the construction of seven multipurpose facilities towers on a 3.60ha site on the South Side of Kingsway at Nelson Avenue, Next to Metropolis in Burnaby.
Construction work started in Q3 2021 and is expected to be completed in Q4 2023.
The project aims to provide a diverse range of modern amenities including, residential, hotel, retail, commercial, and innovation facilities under one roof.
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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