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

North America’s five largest retail building construction projects that commenced in Q1 2022

By Carmen

Here are North America’s five largest retail building construction projects that were initiated in Q1 2022, according to GlobalData’s construction projects database.

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1. 15 Beekman Street Mixed-Use Development – $100m

The project involves the construction of a 19,796m2 103m-high 27-story mixed-use building in New York City, New York, the US.

Construction work started in Q1 2022 and is expected to be completed in Q3 2023.

The aim of the project is to demolish the four-story building and construct a mixed-use tower to provide better facilities in the region.

2. 945 Market Street Redevelopment – $80m

The project involves the construction of a 23,808m2 leasable area in San Francisco, California, the US.

Construction work commenced in Q1 2022 and is expected to finish in Q2 2023.

The project aims to transform and redesign the office building into an IKEA-Anchored retail store.

3. Hanover Mixed-Use Building – $72m

The project involves the construction of a eight-story mixed-use building with 171-units in Portland, Maine, the US.

Construction work started in Q1 2022 and is forecast to complete in Q2 2023.

The aim of the project is to provide better residential and retail facilities in the region.

4. 149 Newbury Street Building – $56m

The project involves the construction of a five-story office building in Chicago, Illinois, the US.

Construction work commenced in Q1 2022 and is expected to be completed in Q2 2023.

The aim of the project is to provide better office and retail facilities in the region

5. Cedar Rapids Mixed-Use Building – $49m

The project involves the construction of a mixed-use building with 224 residential units in Cedar Rapids, Iowa, the US.

Construction work started in Q1 2022 and is expected to be completed in Q1 2024.

The aim of the project is to provide better residential facilities in 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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