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  • Posted On Tuesday, June 13, 2023 by Evan Lamolinara

    Construction May 2023

    Research by IMI SalesLeads’ experienced industrial market research team, shows 434 new planned industrial projects tracked during the month of May. Planned industrial project activity increased 3% from the previous month.

    The following are selected highlights on new industrial construction news and project opportunities throughout North America.

    Planned Industrial Construction - By Project Type:

              Manufacturing Facilities - 188 New Projects

              Processing Facilities - 99 New Projects

              Distribution and Industrial Warehouse - 158 New Projects

              Power/Energy/Oil and Gas - 10 New Projects

              Laboratory Facilities - 14 New Projects

              Mine - 0 New Projects

              Terminal - 1 New Project

              Pipeline - 0 New Projects

    Planned Industrial Construction - By Scope/Activity

              New Construction - 186 New Projects

              Expansion - 128 New Projects

              Renovations/Equipment Upgrades - 124 New Projects

              Plant Closing - 24 New Projects

    Planned Industrial Construction - By Location (Top 10 States)

              New York - 30

              Texas - 29

              California - 26

              Ohio - 22

              Indiana - 21

              Michigan - 19

              Pennsylvania - 19

              Georgia - 17

              Wisconsin - 14

              Alabama - 13     

    Largest Planned Industrial Construction Project

    During the month of May, our research team identified 35 new General Industrial facility construction projects with an estimated value of $100 million or more.

    The largest project is owned by Southern Rock Energy Partners, who is planning to invest $6 billion for the construction of a crude oil refinery complex in CUSHING, OK. They are currently seeking approval for the project. Construction is expected to start in 2024, with completion slated for 2027.

    Top 10 Tracked Industrial Construction Projects

    CALIFORNIA:

    Port Authority is planning to invest $4.7 billion for the construction of a wind turbine manufacturing facility in LONG BEACH, CA. They are currently seeking approval for the project. Construction is expected to start in early 2027, with completion slated for 2035.

    GEORGIA:

    Graphite product mfr. is planning to invest $800 million for the construction of a manufacturing facility in BAINBRIDGE, GA. They are currently seeking approval for the project. Completion is slated for 2025.

    TEXAS:

    Energy company is planning to invest $800 million for the expansion of their cryogenic processing plant in LOVING, TX. They are currently seeking approval for the project. Completion is slated for late 2024.

    WASHINGTON:

    Aviation fuel mfr. is considering investing $800 million for the construction of a biogas processing facility and currently seeking a site in WASHINGTON.

    NEW YORK:

    University is planning to invest $700 million for the construction of a 400,000 sf climate research and office facility in NEW YORK, NY. They are currently seeking approval for the project. Construction is expected to start in 2025, with completion slated for 2028.

    TEXAS:

    Specialty healthcare service provider is planning to invest $668 million for the construction of a 600,000 sf medical and laboratory facility at 1920 Old Spanish Trail in HOUSTON, TX. They are currently seeking approval for the project. Construction is expected to start in Fall 2023, with completion is slated for 2027.

    NEW YORK:

    Beverage company is planning to invest $650 million for the construction of a 745,000 sf processing facility on Tebor Rd. in WEBSTER, NY. Construction is expected to start in Fall 2023, with completion slated for late 2025.

    KANSAS:

    Renewable energy company is planning to invest $350 million for the construction of a solar farm on a 1,500-acre site in BARTON COUNTY, KS. They are currently seeking approval for the project. 

    INDIANA:

    Renewable energy company is planning to invest $250 million for the construction of a solar farm in RANDOLPH COUNTY, IN. They are currently seeking approval for the project. Completion is slated for 2024.

    MICHIGAN:

    Automotive mfr. is planning to invest $200 million for the construction of a 1 million sf EV component manufacturing facility in AUBURN HILLS, MI. They are currently seeking approval for the project. Construction is expected to start in Summer 2023, with completion slated for late 2024.

    About IMI SalesLeads, Inc.

    Since 1959, IMI SalesLeads, based in Jacksonville, FL is a leader in delivering industrial capital project intelligence and prospecting services for sales and marketing teams to ensure a predictable and scalable pipeline. Our Industrial Market Intelligence, IMI identifies timely insights on companies planning significant capital investments such as new construction, expansion, relocation, equipment modernization and plant closings in industrial facilities. The Outsourced Prospecting Services, an extension to your sales team, is designed to drive growth with qualified meetings and appointments for your internal sales team. Visit us at salesleadsinc.com.

    Each month, our team provides hundreds of industrial reports within a variety of industries, including:

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