Alex Carrick, Chief Economist at ConstructConnectAlex 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 the media, Mr. Carrick holds a Masters in Economics.
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Alex Carrick, Chief Economist at ConstructConnectAlex 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
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Top 10 Project Starts in the U.S. – May 2017
June 16th, 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 May 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. – May 2017
LOCATION
(East toWest) |
TYPE OF
CON-
STRUC-
TION |
DESCRIPTION |
Sq. Ft.
000s*
|
Dollars
000,000s
|
|
|
|
|
|
| Massa-chusetts |
|
|
|
|
| Boston |
Residen-
tial |
Seaport Square Parcel M1M2 |
1,012 |
$800 |
|
|
(4 structures; 730 units) Seaport Blvd |
|
|
|
|
WS Development |
|
|
|
|
|
|
|
Pennsyl-
vania |
|
|
|
|
| Philadelphia |
Institu-
tional |
University of Pennsylvania Hospital Pavilion / West Philadelphia Campus |
1,500 |
$1,500 |
|
|
(1 structure; 17 stories) 399 S 34th St |
|
|
|
|
University of Pennsylvania – Division of Facilities and Real Estate Services |
|
|
|
|
|
|
|
| Florida |
|
|
|
|
| Orlando |
Commer-
cial |
iSquare Mall and Hotel |
1,600 |
$400 |
|
|
(4 structures; 34 stories; 536 units) 5600 International Dr |
|
|
|
|
Blackmine Group |
|
|
|
|
|
|
|
| Pensacola |
Engi-
neering/
Civil |
SR 30 (US 98) Pensacola Bay Bridge Replacement (Br. No. 480035) |
* |
$399 |
|
|
FDOT: Contracts Administration – District 3 |
|
|
|
|
|
|
|
| Ohio |
|
|
|
|
| Akron |
Institu-
tional |
Akron City Hospital Expansion – West Tower |
300 |
$270 |
|
|
(2 structures; 6 stories) 525 E Market St |
|
|
|
|
Summa Health System – Construction |
|
|
|
|
|
|
|
| Tennessee |
|
|
|
|
| Lebanon |
Residen-
tial |
The Venue at 109 |
1,535 |
$200 |
|
|
(1 structure; 708 units) Hwy 109 |
|
|
|
|
Carroll Homes |
|
|
|
|
|
|
|
| Illinois |
|
|
|
|
| Chicago |
Residen-
tial |
The Lincoln Common |
1,100 |
$350 |
|
|
(5 structures; 7 stories; 1800 units) 2400 N Halsted |
|
|
|
|
McCaffery Interests, Inc. |
|
|
|
|
|
|
|
| Louisiana |
|
|
|
|
| New Orleans |
Commer-
cial |
Four Seasons Luxury Hotel and Condominiums Redevelopment |
200 |
$360 |
|
|
(5 structures; 37 stories; 76 units) 2 Canal Place |
|
|
|
|
Carpenter & Company, Inc. |
|
|
|
|
|
|
|
| California |
|
|
|
|
| Inglewood |
Commer-
cial |
City of Champions Revitalization Project – Rams Stadium |
3,000 |
$2,600 |
|
|
(3 structures) 1050 S Prairie Ave |
|
|
|
|
Hollywood Park Land Company, LLC |
|
|
|
|
|
|
|
| Irvine |
Engi-
neering/
Civil |
I-405 Improvement Project |
* |
$1,900 |
|
|
Orange County Transportation Authority (OCTA) |
|
|
|
|
|
|
|
| TOTALS: |
|
|
10,247 |
$8,779 |
*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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