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 hospital construction projects that commenced in the US in Q3 2024, according to GlobalData’s construction projects database.
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1. Inova Franconia-Springfield Hospital
The project involves the construction of a 91,510m2, six-story hospital campus on 8.5ha of land in Alexandria, Virginia.
Construction work started in Q3 2024 and is expected to be completed in Q4 2028.
The project aims to enhance healthcare facilities to meet the demand in the region. It will replace the existing Inova Alexandria Hospital on Seminary Road.
2. Terrell State Hospital Redevelopment
The project involved the construction of a 38,555m2 Terrell State Hospital in Texas.
Construction work commenced in Q3 2024 and is expected to finish in Q3 2027.
3. Lubbock Psychiatric Center
The project involves the construction of 38,554m2 psychiatric center in Lubbock, Texas.
Construction work started in Q3 2024 and is forecast to complete in Q4 2027.
4. Shattuck Hospital Renovation
The project involves the renovation of a 39,297.9m2 hospital in Boston, Massachusetts.
Construction work commenced in Q3 2024 and is expected to be completed in Q4 2026.
The project aims to relocate the inpatient beds, associated support services, and the outpatient clinics which are located at Lemuel Shattuck Hospital (LSH).
5. Astoria Columbia Memorial Hospital Expansion
The project involves the construction of a four-story, 16,900m2 hospital in Oregon.
Construction work started in Q3 2024 and is expected to be completed in Q4 2027.
For more details on the latest construction projects, buy the profiles here.
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