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 multi-family housing construction projects that commenced in the US in Q4 2023, according to GlobalData’s construction projects database.
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1. Lee’s Summit Discovery Park Mixed-Use Development
The project involves the construction of a 362,322m2 mixed-use community on 108.4ha of land in Lee’s Summit, Missouri.
Construction work started in Q4 2023 and is expected to be completed in Q4 2031.
The project aims to bring living, work, stay, and play space together for the people in the region.
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2. Allston Enterprise Research Campus
The project involves the construction of an 83,612m2 mixed-use complex on 5.7ha of land in Massachusetts.
Construction work commenced in Q4 2023 and is expected to finish in Q1 2026.
The project aims to provide better office, hospitality, leisure and residential facilities in the region. Buy the profile here.
3. La Cienega Blvd Mixed-Use Development
The project involves the construction of a 42,828m2 mixed-use complex on 1.4ha in Los Angeles, California.
Construction work started in Q4 2023 and is forecast to complete in Q4 2025.
The project aims to provide better residential, office and retail facilities to the region. Buy the profile here.
4. The Landings at St. Johns
The project involves the construction of a residential community consisting of Del Webb St. Johns and Pulte Homes in St. Johns County, Florida.
Construction work commenced in Q4 2023 and is expected to be completed in Q4 2025.
The project aims to meet the growing demand for housing in the region. Buy the profile here.
5. X Roosevelt Mixed-Use Tower
The project involves the construction of a 32,516m2, 19-story mixed-use tower in Phoenix, Arizona.
Construction work started in Q4 2023 and is expected to be completed in Q2 2025.
The project aims to develop commercial, and retail facilities in 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.
