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Alex Carrick, Chief Economist at ConstructConnect
Alex Carrick, Chief Economist at ConstructConnect
Alex Carrick is Chief Economist for ConstructConnect. He is a frequent contributor to the Daily Commercial News and the Journal of Commerce. He has delivered presentations throughout North America on the Canadian, United States and world construction outlooks. A trusted and often-quoted source for … More »

Top 10 Project Starts in the U.S. – March 2017

 
April 21st, 2017 by Alex Carrick, Chief Economist at ConstructConnect

Article source: ConstructConnect

The accompanying table records the top 10 project starts in the U.S. for March 2017.

2017-04-18-Top-10-US-Projects-Mar-2017

There are several reasons for highlighting upcoming large projects. Such jobs have often received a fair amount of media coverage. Therefore, people in the industry are on the lookout for when jobsite work actually gets underway. And, as showcase projects, they highlight geographically where major construction projects are proceeding.

Also, total construction activity is comprised of many small and medium-sized projects and a limited number of large developments. But the largest projects, simply by their nature, can dramatically affect total dollar and square footage volumes. In other words, the timing and size of these projects have an exaggerated influence on market forecasts.

                 Top 10 project starts in the U.S. – March 2017

LOCATION
(EAST TOWEST)
TYPE OF
CON-
STRUC-
TION
DESCRIPTION
SQ. FT.
000S*
DOLLARS
000,000S
New York
New York Commercial Jacob K. Javits Convention Center Expansion            1,223 $1,500
(2 structures; 4 stories) 655 W 34th St
New York Convention Center Operating Corporation (NYCCOC)
New York Commercial Waldorf Astoria Renovation  * $1,000
(44 stories) 100 E 50th St
Hilton Worldwide
Jamaica Commercial Resorts World Casino New York Expansion            3,151 $400
(1 structure) 100-00 Rockaway Blvd
Resorts World Casino New York
New Jersey
Roselle Residential Park Apartments at Roselle Phase 2            2,686 $350
(1 structure; 932 units) 417 Raritan Rd
Milton L Ehlrich, Inc
Florida
Orlando Industrial Princeton Oaks Industrial Park               231 $550
(1 structure;  1 story) Princeton St
Foundry Commercial LLC (CNL Commercial Real Estate)
Winter Haven Industrial Florida’s Gateway            8,000 $400
(1 structure) 4100 Logistics Pkwy
GEM Realty Capital Inc
Tennessee
Nashville Residential Stephens Village West               223 $1,000
Townhomes (plus mixed-use hotel, retail, offices, etc.)
(5 structures; 216 units; 9 stories) 8423 Hwy 100 & 5948 Pasquo Rd
CPS Land (Developer)
Missouri
Clayton Commercial Centene Clayton Campus            4,974 $1,000
(5 structures; 57 stories) 7700 Forsyth Blvd
Centene Corporation
Minnesota
Hendricks Engineering/
Civil
Blazing Star Wind Farms  * $300
Geronimo Energy
Washington
Airway Heights Commercial Spokane Tribe of Indians Casino            3,151 $400
(4 structures) Craig Rd at Hwy 2
Warner Hospitality
TOTALS: 23,639 $6,900
*A square footage measure does not apply for alteration and engineering/civil work.
Data source and table: ConstructConnect.

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Category: ConstructConnect




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