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 retail building construction projects that commenced in the US in Q4 2024, according to GlobalData’s construction projects database.
Smarter leaders trust GlobalData
1. San Jacinto Marketplace Mixed-Use Development
The project involves the construction of a mixed-use complex on 42.4ha of land at the intersection of I-10 and Garth Road in Baytown, Texas.
Construction work started in Q4 2024 and is expected to be completed in Q4 2028.
2. Verrado Marketplace Shopping Center
The project involves the construction of the 46,451m2 Verrado Marketplace shopping center on 20.23ha of land in Phoenix, Arizona.
Construction work commenced in Q4 2024 and is expected to finish in Q2 2026.
3. Midland Costco store
The project involves the construction of a 16,165m2 retail store in Midland, Texas.
Construction work started in Q4 2024 and is forecast to complete in Q3 2026.
4. Manor Crossing Shopping Center
The project involves the construction of a 13,935m2, four-building shopping center on 7.2ha of land in Manor, Texas.
Construction work commenced in Q4 2024 and is expected to be completed in Q4 2026.
5. H-E-B Euless Grocery Store
The project involves the construction of an 11,706m2 H-E-B grocery store at 2105 Rio Grande Blvd in Euless, Texas.
Construction work started in Q4 2024 and is expected to be completed in Q4 2026.
For more details on the latest construction projects, buy the profiles here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
