The construction market in North America is forecasted by GlobalData to grow by 1.9% in real terms in 2024, having decreased by 5.7% in 2023. A key growth market will be the infrastructure market, with output rising by 11.1% 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 North America’s five largest multi-family housing construction projects that were initiated in Q4 2024, according to GlobalData’s construction projects database.
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1. Inspiration Lakeview Mixed-Use Complex
The project involves the construction of the mixed-use complex on 71ha of land in Mississauga, Ontario, Canada.
Construction work started in Q4 2024 and is expected to be completed in Q4 2028.
The project aims to redevelop the power plant site and an industrial area north of the site, thereby providing modern residential and commercial facilities. Buy the profile here.
2. Bakersfield Commons Mixed-Use Complex
The Bakersfield Commons project involves the construction of a mixed-use community on 101.17ha of land in Bakersfield, California, the US.
Construction work commenced in Q4 2024 and is expected to finish in Q2 2034.
The project aims to provide better residential, retail, commercial and leisure facilities in the region.
3. Wildrye Residential Community
The project involves the construction of a residential community with 1,400 single-family homes on 213.67ha of land in Waller, Harris County, Texas, the US.
Construction work started in Q4 2024 and is forecast to complete in Q3 2026.
The project aims to stimulate economic growth and offer housing options for the growing population.
4. West Bottoms Redevelopment
The project involves the redevelopment of West Bottoms into a mixed-use community on 10.52ha of land in Kansas City, Missouri, the US.
Construction work commenced in Q4 2024 and is expected to be completed in Q2 2026.
The project aims to redevelop West Bottoms into a mixed-use community which will be a catalyst for job creation, economic development, and future growth.
5. St. Regis Residences Miami
The project involves the construction of a 195m, 50-story tower comprising 152 condominiums in Miami, Florida, the US.
Construction work started in Q4 2024 and is expected to be completed in Q4 2027.
The project aims to redevelop the waterfront site of an older affordable housing building and enhance residential facilities to meet the growing demand 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.
