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 multi-family housing construction projects that commenced in the US in Q2 2024, according to GlobalData’s construction projects database.
1. River Mile Redevelopment
The project involves the redevelopment of the Elitch Gardens Theme and Water Park into a mixed-use community on 25ha of land in Denver, Colorado.
Construction work started in Q2 2024 and is expected to be completed in Q4 2029.
The project aims to redevelop Elitch Gardens Theme and Water Park and provide better entertainment and residential facilities in the region.
2. Seaflower at Lake Flores Mixed-Use Community
The Lake Flores project involves the construction of a mixed-use community on 476ha of land in Bradenton, Manatee County, Florida.
Construction work commenced in Q2 2024 and is expected to finish in Q4 2027.
The development is expected to transform West Bradenton from empty fields to a bustling community over the next 20 years
3. Riverfront Entertainment District Mixed-Use Complex
The project involves the construction of a 222,967m2 mixed-use community on 15.7ha of land in New Orleans, Louisiana.
Construction work started in Q2 2024 and is forecast to complete in Q1 2025.
The project aims to enhance residential and commercial facilities to meet the growing demand in the region.
4. Jem Private Residences
The project involves the construction of a 213m tall, 67-story residential tower comprising 789 units on 0.4ha of land in Miami, Florida, US.
Construction work commenced in Q2 2024 and is expected to be completed in Q4 2027.
5. Albion Music Row Mixed-Use Complex
The project involves the construction of a residential complex comprising 850 units on 0.8ha of land in Nashville, Tennessee.
Construction work started in Q2 2024 and is expected to be completed in Q2 2028.
The project aims to provide better residential facilities in the region.
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.
