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May 17, 2022updated 03 Oct 2022 1:01pm

Five largest construction projects initiated in the US in Q1 2022

By Carmen

Here are the five largest construction projects initiated in the US during Q1 2022, according to GlobalData’s construction projects database.

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1. Steel Mini Mill – $3,000m

The project involves the construction of a mini-mill in Arkansas.

Construction work started in Q1 2022 and is expected to be completed in Q4 2024.

The project aims to expand US Steel’s verdeXTM sustainable product line, delivering differentiated steels made with significantly lower GHG emissions than the traditional integrated steelmaking process. The project will be a significant step toward achieving the company’s goal of reducing its global greenhouse gas emission and would help meet its target of net-zero carbon emissions by 2050.

2. Osceola Steel Plant – $3,000m

The project involves the construction of a steel plant in Osceola, Arkansas.

Construction work commenced in Q1 2022 and is expected to finish in Q4 2024.

The project is expected to create 900 jobs. The plant is an extraordinarily low-cost structure with energy-efficient production equipment, and advanced capabilities.

3. Pearson Ranch Mixed Use Development – $2,000m

The project involves the construction of a mixed-use complex on 63ha of land in Texas.

Construction work started in Q1 2022 and is forecast to complete in Q3 2037.

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

4. Atlas Power Data Center – $1,900m

The project involves the construction of a 700MW data center on 31ha of land in North Dakota.

Construction work commenced in Q1 2022 and is expected to be completed in Q3 2025.

The main aim of the project is to provide opportunities for mining valuable cryptocurrencies and advanced computing operations. It will create 100 jobs during the construction and 30 permanent jobs.

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.

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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Free Whitepaper
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Out of the Blue: Dynamic Liquid Crystal Windows

From cutting down on carbon emissions and maximising energy efficiency to enhancing the health and well-being of a buildings’ occupants, the latest ‘smart glass’ and ‘dynamic glazing’ solutions offer unparalleled opportunities. Designed to meet, if not exceed, standards for low and zero-emission buildings, Dynamic Liquid Crystal Windows by Eyrise provide the opportunity to minimise the need for artificial heating and cooling by optimising the use of that generated naturally. In this latest report, the technology’s performance is compared against its closest competitors on colour-rendering, switching speed, and circadian well-being to show where it leads the way. Gaze into the future of glazing by accessing this free whitepaper below.
by Merck
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