Here are the largest leisure and hospitality building construction projects initiated globally in Q4 2021, according to GlobalData’s construction projects database.
1. Entertainment District Expansion – $810m
The project involves the expansion of entertainment district in Texas, the US.
Construction work started in Q4 2021 and is expected to be completed in Q4 2025.
The project aims to provide hospitality and residential facilities in the region.
2. The Armand Mixed-Use Development – $800m
The project involves the construction of three five-story building with mixed-use facilities on 7ha of land at Longboat Key in Sarasota, Florida, the US.
Construction work commenced in Q4 2021 and is expected to finish in Q4 2024.
The project aims at providing high-end residential and luxury hotel facilities for the region. It aims to redevelop the former Colony Beach & Tennis Resort site.
3. Quartier Grand Central Mixed-Use Development – $651m
The project involves the construction of a mixed-use complex on a 3.8ha area in Flingern, Düsseldorf, North Rhine-Westphalia, Germany.
Construction work started in Q4 2021 and is forecast to complete in Q4 2026.
The project aims to provide residential, commercial and leisure facilities and meet the growing demand in Flingern.
4. Rivers Casino Portsmouth – $550m
The project involves construction of the Rivers Casino on 20ha of land in Virginia, the US.
Construction work commenced in Q4 2021 and is expected to be completed in Q1 2023.
It will generate $260 million in annual regional GDP, providing a post-COVID-19 stimulus that will grow as the Entertainment District grows and $16.3 million in annual revenues to the City.
5. Milwaukee Convention Center Expansion – $425m
The project involves the construction of a 10,405m2m2,three-story convention center in Milwaukee, Wisconsin, the US.
Construction work started in Q4 2021 and is expected to be completed in Q1 2024.
The expansion will allow the Wisconsin Center to attract more conventions and trade shows, which would generate more spending by visitors. The project will create 1,150 on-site construction jobs.
Methodology: This analysis is drawn from GlobalData’s global construction projects database, which tracks new construction projects over $25m from announcement to completion.
Verdict’s parent company GlobalData plc provides business information to 4,000 of the world’s largest companies.