Here are the top five office building construction projects that commenced in the US in Q1 2022, according to GlobalData’s construction projects database.
1. GT Technology Enterprise Park – $750m
The project involves the expansion of Technology Enterprise Park on 7.6ha of land in Atlanta, Georgia.
Construction work started in Q1 2022 and is expected to be completed in Q1 2029.
The project aims to meet the demand for residential, commercial office, and industrial facilities in the region. It will create 5,000 jobs.
2. Transamerica Pyramid Center Renovation – $400m
The project involves the renovation of the Transamerica Pyramid Center in San Francisco, California.
Construction work commenced in Q1 2022 and is expected to finish in Q4 2026.
The project aims to transform and revitalize the historical Pyramid Center and Redwood Park into high-design office buildings and protect the unique heritage of the site.
3. Paseo South Gulch Towers – $230m
The project involves the construction of two mixed-use towers 16 and 20-stories towers with 620 residential units in Nashville, Tennessee.
Construction work started in Q1 2022 and is forecast to complete in Q4 2024.
The main aim of the project is to replace the original Voorhees Building and former Antiques Mall with mixed-use towers to provide better residential, commercial and retail facilities in the region.
4. Downtown Sunnyvale Office Complex – $200m
The project involves the construction of two, seven-story office buildings comprising 54,813m2 space in Sunnyvale, California.
Construction work commenced in Q1 2022 and is expected to be completed in Q4 2024.
The project aims to rebuild Sunnyvale’s central business district into an active, walkable office space.
5. T3 Eastside Development – $160m
The project involves the construction of an 8,574m2 of office and 855m2 of residential space with 15 loft-style units in Austin, Texas.
Construction work started in Q1 2022 and is expected to be completed in Q3 2026.
The project will feature a heavy timber office that will redefine the standard for the modern, creative office space.
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.