Here are the top five commercial and leisure construction projects that commenced in Canada in Q4 2021, according to GlobalData’s construction projects database.
1. Soco Mixed-Use Development – $2,000m
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The project involves the construction of six towers comprising 1,519 units on 2.4ha of land in Burnaby, British Columbia.
Construction work started in Q4 2021 and is expected to be completed in Q4 2024.
The project aims to provide better residential, office, and commercial facilities in the region.
2. Currie Barracks Mixed-Use Development – $1,000m
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By GlobalDataThe project involves the construction of a mixed-use community comprising 5,700 residential units, office and commercial facilities in Calgary, Alberta.
Construction work commenced in Q4 2021 and is expected to finish in Q4 2024.
The project aims to provide a community with residential, commercial and retail facilities to house 11,000 residents. It is the final part in a three-phase redevelopment of a closed Canadian Forces base.
3. Metrotown Property Redevelopment – $778m
The project involves the construction of seven multipurpose facilities towers on a 3.60ha site on the South Side of Kingsway at Nelson Avenue, Next to Metropolis in Burnaby.
Construction work started in Q4 2021 and is forecast to complete in Q4 2024.
The project aims to provide a diverse range of modern amenities including, residential, hotel, retail, commercial, and innovation space facilities under one roof for people in the city.
4. Grant Park Pavilion Mixed-Use Development – $200m
The project involves the construction of residential and commercial facilities on 20ha area on the south side of Taylor Avenue, Winnipeg, Manitoba.
Construction work commenced in Q4 2021 and is expected to be completed in Q4 2024.
The project is exactly located vacant Grant Parkland sandwiched between Taylor Avenue, the old Manitoba Hydro headquarters, the CNR Rivers rail line, and Shindico’s existing Grant Park Festival development.
5. Regina Logistics Warehouse Complex – $159m
The project involves the construction of a warehouse at the Global Transportation Hub (GTH) in Regina, Saskatchewan.
Construction work started in Q4 2021 and is expected to be completed in Q4 2026.
The project aims to house service and support operations, including logistics, metering, fleet, and distribution and transmission operations.
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.
