According to GlobalData, the value of the US construction market is forecast to grow by 2.0% in real terms in 2024, having decreased by 7.0% in 2023. 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 commercial and leisure construction projects that commenced in the US in Q3 2024, according to GlobalData’s construction projects database.
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1. Red Oak Data Center Campus
The project involves the construction of a 480MW data center campus on 118ha of land in Red Oak, Texas.
Construction work started in Q3 2024 and is expected to be completed in Q4 2027.
2. University of Utah Student Housing Community
The project involves the construction of a student housing community comprising 5000 beds in Salt Lake City, Utah.
Construction work commenced in Q3 2024 and is expected to finish in Q4 2030.
The project aims to help meet the housing needs of students within the main campus area.
3. Aiken AI Data Center
The project involves the construction of a 66,425m2 AI data center on 971ha of land in Aiken County, South Carolina.
Construction work started in Q3 2024 and is forecast to complete in Q2 2027.
4. Port 460 Logistics Center
The project involves the construction of a 465,515m2 logistic center on 219ha of land in Suffolk, Virginia.
Construction work commenced in Q3 2024 and is expected to be completed in Q4 2027.
The project aims to enhance the industrial facilities to meet the growing demand in the region and will create more than 2,000 construction jobs and up to 9,000 long-term jobs.
5. Evanston Hyperscale Data Center
The project involves the construction of a 1,000MW data center in Wyoming.
Construction work started in Q3 2024 and is expected to be completed in Q4 2026.
For more details on the latest construction projects, buy the profiles here.
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