Six projects on ‘national interest corridor’ list are interregional and would link eastern and western grids to ensure power grid reliability, Energy Secretary Jennifer Granholm said.
Source: New feed
From diverse professional and skilled trade backgrounds, ENR’s 2024 National Top 20 under 40 winners have emerged as leaders at their respective orgs.
Source: New feed
Tech giant is aiming for net-zero operational carbon emissions for the 715,000-sq-ft facility.
Source: New feed
Zoning amendments are aimed at allowing Disney to mix uses to create “integrated and immersive experiences” at its California theme park.
Source: New feed
Washington, D.C.’s 63-year-old Robert F. Kennedy Memorial Stadium is set to be demolished, with no current plans for a replacement venue.
Source: New feed
Washington, D.C.’s 63-year-old Robert F. Kennedy Memorial Stadium is set to be demolished, with no current plans for a replacement venue.
Source: New feed
Data center projects dominated planning activity over the month
BEDFORD, M.A. – May 7, 2024 — The Dodge Momentum Index (DMI), issued by Dodge Construction Network, increased 6.1% in April to 173.9 (2000=100) from the revised March reading of 164.0. Over the month, commercial planning improved 12.6% and institutional planning dropped 6.3%.
“The Dodge Momentum Index (DMI) saw positive progress in April, alongside a deluge of data center projects that entered the planning stage,” stated Sarah Martin, associate director of forecasting at Dodge Construction Network. “Outsized demand to build Cloud and AI infrastructure is supporting above-average activity in the sector. Most other categories, however, faced slower growth over the month. Across these industries, it’s likely that owners and developers are grappling with uncertainty around interest rates and lending standards, thus delaying their decisions to push projects into the planning queue. If interest rates begin to tick down in the latter half of 2024, more substantive growth in nonresidential planning activity should follow.”
A flood of data center projects entered planning in April, causing robust growth in the commercial segment of the DMI, while traditional office and hotel projects continued to face slower momentum. Warehouse planning was basically flat. On the institutional side, education and healthcare planning activity receded again – in part, driven by another month of weak life science and R&D laboratory activity. Year over year, the DMI was 1% lower than in April 2023. The commercial segment was up 6% from year-ago levels, while the institutional segment was down 15% over the same period.
In April, a total of 25 projects valued at $100 million or more entered planning. The largest commercial projects included the $1 billion Convergent Technology Park in Remington, Virginia, the $630 million Dulles Digital Data Center (Buildings 8 and 6) in Dulles, Virginia, and the $330 million Google Red Hawk Data Center (Phase 2) in Mesa, Arizona. The largest institutional projects to enter planning were the $275 million Win-River Resort and Casino in Redding, California and the $254 million AdventHealth Hospital in Weaverville, North Carolina.
The DMI is a monthly measure of the value of nonresidential building projects going into planning, shown to lead construction spending for nonresidential buildings by a full year.
The post Dodge Momentum Index Rose 6% in April appeared first on Dodge Construction Network.
Source: New feed
Crews are preparing to remove a 5,000-ton section of bridge steel from the deck of the cargo vessel M/V Dali, in hopes of refloating the vessel and further clearing the channel blocked by the collapse of the Francis Scott Key Bridge.
Source: New feed
USDA provides loans and grants for electricity, drinking water, wastewater projects in rural areas.
Source: New feed
Industry gained 9,000 jobs in April, compared with 40,000 added in March.
Source: New feed