With a project value of $500 million, the JR-West RE / Nomura RE/ Urban Redev Assoc Okayama – Okayama City Ekimaecho 1-2-3-4 District Type 1 Urban Redevelopment – Okayama project was the largest Stores construction project globally, on which construction started in Q4 2022. The JR-West RE / Nomura RE/ Urban Redev Assoc Okayama – Okayama City Ekimaecho 1-2-3-4 District Type 1 Urban Redevelopment – Okayama project is located in Okayama(CITY), Japan and initially announced in Q1 2019 with an estimated completion in Q1 2026. The Sanctuary Dev/ Varden Cap Pptys – Eastpark Village Mixed-Use Development – Georgia project was the second-largest project with a project value of $280 million, on which construction work started in Q4 2022. The Sanctuary Dev/ Varden Cap Pptys – Eastpark Village Mixed-Use Development – Georgia project is located in Kennesaw, United States and initially announced in Q2 2017 with an estimated completion in Q1 2024.
The Lark Grp – 9682 137 Street Office Tower – British Columbia project was the third-largest project, the Seibu Hldg – Tokorozawa Station West Exit Development – Saitama was the fourth-largest project, and the SOAI Gakuen/ Taisei – Honmachi 4-chome Mixed-use Development – Osaka was the fifth-largest project with a project value of $260 million, $197 million and $150 million respectively. The Lark Grp – 9682 137 Street Office Tower – British Columbia project located in Surrey, Canada was announced in Q2 2022 with an estimated completion in Q4 2025, the Seibu Hldg – Tokorozawa Station West Exit Development – Saitama project located in Tokorozawa, Japan was announced in Q2 2022 with an estimated completion in Q4 2024 and the SOAI Gakuen/ Taisei – Honmachi 4-chome Mixed-use Development – Osaka project located in Osaka(CITY), Japan was announced in Q2 2022 with an estimated completion in Q1 2026.
Among the five largest projects, the JR-West RE / Nomura RE/ Urban Redev Assoc Okayama – Okayama City Ekimaecho 1-2-3-4 District Type 1 Urban Redevelopment – Okayama project is the longest in terms of completion date, with construction expected to be completed in Q1 2026. On the other hand, the Sanctuary Dev/ Varden Cap Pptys – Eastpark Village Mixed-Use Development – Georgia project is the shortest in terms of completion date, with construction expected to be completed in Q1 2024.
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