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Mega-Projects in Development – the Latest

Global Top 100 index includes primarily private-sector and public-private real estate projects.
Our Global Top 100 index, including primarily private-sector and public-private real estate projects.

Our list of mega-projects in development – the latest, includes private, public, and joint public-private projects in the U.S. and worldwide.  Mega-projects can take many forms, from infrastructure, to new cities, to massive mixed-use developments.  The one common factor is their scale – typically a very large built-up area along with a huge capital investment.  In general, our list includes projects with investment requirements in excess of $1 billion.

 

The kind of mega-projects in design or construction at any given time, tends to change with regional economic circumstances and lending regulations.

 

There was a time in the U.S. when tax laws made large-scale master-planned communities a popular asset class.  Some of the largest financial institutions (including many so-called “savings and loans”), got involved with those mega-projects.   Over time, economic conditions and tax laws changed, leaving these lenders and these assets in significant distress and at the mercy of the Resolution Trust Corp.  The savings and loan crisis of the 1980’s and 1990’s was the failure of more than a thousand of the 3,200+ savings and loan associations in the U.S.   Since those times, lending with regard to major master-planned communities has occurred at a lesser rate and with greater care.   Mobil Land’s and Frank Aries’ experience with the Banning-Lewis Ranch mega-project was an example of that era.  That project for an interesting analog among our mega-projects in development – the latest list.

 

Lekki New Township (Lagos) is an example of a mega development underway, shown in a conceptual study of some specific project components in evaluation (below).

 

List of Mega-Projects in Development

Shown here, an artist’s view of early conceptual work for project components in consideration at New Lekki Township mega-project (Lagos).

 

For reference as “best practices” benchmarks, we also include some of the outstanding projects that have been completed over the years.  A little history can be helpful in compiling mega-projects in development – the latest.   Most of these projects have some interesting lessons-learned, and comparing original design intent to what actually evolves at these developments, is of particular interest in planning next such projects.

 

We have encouraged our research team to create this page and post as they make progress.   Some come back soon as the research takes shape.  And if you have any projects that we should add here, please email us – thanks for that!

Global Top 100 Mega Projects – the Latest List

ProjectAcreageCountryStatus
250 Water Street, New York
Howard Hughes Corp.
U.S.Located in NYC's South Street Seaport District. As proposed, the project includes two 470 FT tall towers with a mix of affordable apartments, offices and condos.
2150 Lake Shore (Christies Cookies)
A project of First Capital Realty
Etobicoke, Toronto
27.2 acresCanadaAn 27.2 project site at Park Lawn and Lake Shore. Envisioned to include 41,900 m² of commercial office space, approximately 42,700 m² of retail, entertainment, restaurants, and community-oriented shops, and a 20,200 m² hotel with affiliated commercial space. A total of 7,446 residential units are proposed. The project features the iconic Mr. Christie water tower.
Akon City
Mbodième
4,942 acres (2,000 hectares)SenegalAkon, the Senegalese-American hip-hop star, has committed to building an ecological city in Mbodième, Senegal.
Angel Stadium Development
Anaheim, California
150 acresU.S.The project as envisioned would include 3.8 million SF of office and retail-entertainment space, two hotels, 5,175 housing units, and a 7-acre “flagship” public park. The existing MLB stadium would either be renovated or replaced.
Banning-Lewis Ranch
Colorado Springs, Colorado
20 square milesU.S,As originally planned by Mobil Land, and approved, Banning-Lewis Ranch encompassed the entire direction of growth for metropolitan Colorado Springs, encompassing more than 20 square miles along the city’s eastern edge.
Barangaroo
Sydney, Australia
54 acres (22 hectares)Australia
Battersea Power Station
London
60 acresU.K.
Belgrade Waterfront Project
247 acresSerbia
Boston Seaport
Boston, Massachusetts
WS Development
23 acresU.S.7.6 million SF situated in 20 city blocks in Boston. Boston’s largest real estate development.
Canary Wharf
London, England
97,0 acresU.K.Canary Wharf is the secondary central business district of London on the Isle of Dogs.
Capitol Crossing
Washington, DC
7.0 acresU.S.
Castellana Norte redevelopment
Madrid
Spain
Celadon City
Ho Chi Minh City
203 acres (82 hectares)VietnamCeladon City's residential component will have a total of 7,300 apartments across four precincts. A Gamuda Land project.
Centennial Yards
Atlanta, Georgia
40 acresU.S.Envisioned to include 9 million SF of office space and one million SF of retail, along with 2,000+ apartments and 1,500 hotel rooms. Formerly known as The Gulch. A project of CIM Group; the property was acquired from Norfolk Southern and the city in 2018.
Chengdu Creative Centre
Chengdu
ChinaA 270,000 m² mixed-use retail, residential, commercial and lifestyle hub located south of Chengdu.
Chengdu Great City800 acresChinaGroundbreaking in 2012. A project of Beijing Vantone Real Estate Co., Ltd.
Chhatrapati Shivaji Maharaj Terminus
Mumbai
IndiaCSMT is a historic and UNESCO World Heritage site situated at the heart of Mumbai. The railway station will function as a city center "rail mall" with retail, food and beverage, entertainment, and souvenir shopping, Indian Railway Stations Development Corporation Ltd. ("IRSDC") is the agency in charge of this redevelopment.

Colombo Port City665 acres (269 hectares) of reclaimed landSri Lanka
Comcast Development Center
Philadelphia, Pennsylvania
U.S.
Covent Garden Market Plan57 acresU.K.
Creative Industries Business and TechnologyAustraliaLocated next to Yagan Square, just north of the CBD, adjoining Perth Railway Station.
Dar Al Arkan (developer)Bosnia and HerzegovinaThe project is slated to break ground in the early part of 2021, envisioned at 500,000 square meters.
Deira Enrichment Project (DEP)

Ithra Dubai
UAEGroundbreaking in 2017.
Destination Medical Center
Rochester, Minnesota
550 acres U.S.Includes six districts. A project of Mayo Clinic.
Dholera Greenfield Smart CityIndiaSituated in the DMIC (Delhi Mumbai Industrial Corridor).
Diriyah GateSaudi ArabiaAt-Turaif is situated at the center of this project, a UNESCO World Heritage Site. A project of the Diriyah Gate Development Authority.
East Edisto
Summerville, South Carolina
78,600 acresU.S.Master-planned community.
East Village Quarter
San Diego, California
San Diego Padres led investment team
5.3 acresU.S.Groundbreaking perhaps in 2023. Proposal to redevelop so-called "Tailgate Park," with 1.4 million SF of office space, 50,000 SF of retail space, 236,000 SF of open space and 1,600 parking spaces, for a cost of just under $1.4 billion.
Eko Atlantic
Lagos
2,471 acres NigeriaIn development.
Emirates Touristic Resort
GVG Real Estate Development
47 million SFMoroccoFormerly known as Green Valley City before work was halted in 2019. The largest mixed-use development project off the plains and foothills of the famous Atlas Mountains in Marrakesh, the third largest city in Morocco.
Europacity
Berlin
100.0 acresGermanyGroundbreaking in 2014.
EuropaCity
Berlin, Germany
100 acresGermanyGroundbreaking in 2016.
Fields MPC
Frisco, Texas
2,000 acresU.S.The development is envisioned to include more than 10,000 homes and up to 18 million SF of commercial space.
Filinvest City
Muntinlupa City
603 acres (244 hectares)The PhilippinesMaster-planned community situated in Metro Manila.
Fishermans Bend
Melbourne, Australia
1,186 acres (480 hectares)Australia
Flushing Waterfront District
New York City
29.0 acresU.S.The huge mixed-use project is envisioned to include housing, commercial retail and office space, and hotel lodging. A joint partnership between United Construction & Development Group, F&T Group, and Young Nian Group.
Flying Horse East
Classic Cos.
5,400 acresU.S.The former Ververs Ranch cattle ranch. Adjacent to Schriever Air Force Base, in Colorado Springs.
Freedom West Revitalization
820 McAllister St., San Francisco, California
U.S.To be redeveloped by MacFarlane Partners and Avanath Capital Management. A $2-billion plan to revitalize the 1973-era housing complex in the city's Fillmore District. The design concept includes a project with 2,500 units.
Gamuda City
Hanoi
1,236 acres (500 hectares)VietnamMega lifestyle development. The first phase of Gamuda City is Gamuda Gardens, a 73ha integrated lifestyle project with a gross development value of US$850 million. A Gamuda Land project.
GM stamping plant
Indianapolis
U.S.Indianapolis developer Ambrose Property Group won a competitive bidding process to gain rights to the property in May 2017. The property appears to now be headed for sale; the original plan envisioned 1,350 housing units, 620 hotel rooms and 2.8 million SF of office space. The developer failed in a bid to attract Amazon’s HQ2.
Google's Downtown West Mixed-Use Plan
San Jose, California
81 acresU.S.Proposed development may include up to 7.3 million SF of office space, 4,000 housing units, 500,000 SF of retail-cultural space, and event space and as many as 300 hotel rooms and 800 corporate accommodations. Australia-based contractor Lendlease will provide master planning, entitlement and development services for the project
Google’s Middlefield Park
Mountain View, California
40 acresU.S.The Google project would consist of as much as 1.33 million SF of office space, 1,675 to 1,850 residential units, 30,000 SF of active uses and retail sites, 20,000 SF of civic, event, and amenities spaces, and 12 acres of open space.
GreenCity
Henrico County, Virginia
Capital City Partners LLCU.S.The developer has a tentative agreement to purchase the 92.3-acre former Best Products Co. Inc. headquarters from Henrico County. The developer envisions development of an arena mixed-use project to include about 2 million SF of office space, 280,000 SF of retail space, two hotels and more than 2,400 residential units.
HafenCity
Hamburg, Germany
388 acres (157 hectares)Germany
Heartland Town Square
Islip, New York
452 acresU.S.Envisioned to include 3 million SF of office space, 9,000 apartments, and one million SF of retail space. Project is located on the site of a former state psychiatric hospital.
Hollywood Center
MP Los Angeles
4.5 acresU.S.
Hub on the Causeway
Boston, Massachusetts
2.5 acres U.S.A project of Boston Properties and Delaware North Companies. On the 2.5 acre site of the former Boston Garden at Causeway Street.
Hub RTP43.0 acresU.S.Mixed-used destination planned for Research Triangle Park; a project of Research Triangle Foundation and its partners. 1 million SF of office space plus retail, residential and hotel.
Hudson Yards
New York, NY
28 acres.U.S.A project of The Related Companies L.P. and Oxford Properties Group Inc. Situated in the Chelsea and Hudson Yards neighborhoods of Manhattan.
Hunters Point Naval Shipyard
San Francisco, California
638 acresU.S.
i-City SGT
Shah Alam City
1,766 acresMalaysiaThe plan will widen the footprint for the RM10 billion i-City SGT, which will morph from a 72-acre ultrapolis development to a 1,766-acre economic zone within the state encompassing the neighboring Section 4 and Section 7.
Jabal OmarSaudi ArabiaMulti-use real estate mega development project within walking reserve of The Grand Mosque of Makkah.
Jouzor Jannat Aden6,178 acresYemenSituated along the along the Gulf of Aden.
Leander Springs
Leander (Williamson County), Texas
78 acresU.S.Planned development featuring a man-made Crystal Lagoon created by Crystal Lagoons U.S. Corp. A project of Leander Springs LLC, a company set up by iLand Development Group (Austin).
Les Groues
Paris, France
116 acres (47 hectares)France
Liberty Towers
Madison Realty Capital
2 acresU.S.Mixed-use development now in approval process. A 911,752 SF complex near the St. George waterfront and the Staten Island Ferry Terminal.
Lifestyle City
Istanbul region
TurkeyMixed-use project. A Just Real Estate ("JRE" Doha, Qatar) project.
Lincoln Yards
Chicago, Illinois
www.lincolnyards.com
55.0 acresU.S.Lincoln Yards is a new development that will transform a vast area of Chicago's riverfront to unite Lincoln Park and Bucktown. A project of the Sterling Bay Companies.
Macau New Urban Zone2.8-square milesChinaLand reclamation project.
Madrid Nuevo Norte568 acres (230 hectares)Spain
Marsa Zayed
Aqaba
800 acresJordan
Melbourne Docklands,
Melbourne, Australia
470 acres (190 hectares)AustraliaThe project commenced in 1997.
Metropolis
Los Angeles, California
6.33 acresU.S.
Middlefield Park Master Plan
East Whisman Area
Mountain View, California
40 acresU.S.Transit village, and revisit of the old company towns such as Pullman (Illinois) and Hershey (Pennsylvania). A Google joint venture with Lendlease, to develop as many as 1,800 housing units. The redevelopment would also include at least 12 acres of Google-owned parks and open space, 30,000 SF of retail, 20,000 SF of civic and event space, and about 1.3 million SF of office space.
Midtown Exchange

Dewitt Carolinas
40 acresU.S.As envisioned the project will included 915,000 SF of commercial space, 1,575 residential units, and 300 hotel rooms. The residential will include multifamily units and senior living.
Mitsubishi-Temasek Smart City
Bumi Serpong Damai (southwest of Jakarta)

The smart city will include homes, shopping centers and medical facilities, with the goal of housing 40,000 to 60,000 permanent residents.
1 square kilomterIndonesiaIn Jakarta suburb, Mitsubishi and Temasek plan $2bn smart city
Nanhui New City
Pudong, Shanghai
ChinaGroundbreaking in 2003.
Formerly called Lingang New City.
Neom
Tabuk Province
www.neom.com
10,200 sq mi
Saudi ArabiaA $500 billion planned megacity to border the Red Sea, according to Saudi's PIF.
New Capital City
East of Cairo
270-square milesEgyptGroundbreaking in 2015. Forty-five kilometres east of Cairo.
New City Istanbul
Istanbul
Turkey
New Delhi Railway Station124.0 acresIndiaA redevelopment area at or about the largest and second busiest railway station in the country. The objective of the project is to position the New Delhi Railway Station as a multi-modal hub by upgrading infrastructure. The objective of the project is to position the New Delhi Railway Station as a multi-modal hub by upgrading infrastructure. The project would also include a significant commercial component entailing a mix of retail, office, and hospitality developments such as 5-star hotels, budget hotels and serviced apartments Rail Land Development Authority ("RLDA") is the agency in charge.
New Kuwaiti City
Salini Impregilo
29,653 (12,000 hectares)KuwaitAt build-out, the new city will be home to 400,000 residents.
Newhall Ranch
Los Angeles County
www.netzeronewhall.com
46,000 acresU.S.Planned for 21,500 homes. A large scale master-planned community being developed in an unincorporated portion of Los Angeles County along the Santa Clara River in the westerly portion of the Santa Clarita Valley.
Nordhavnen
Copenhagen, Denmark
494 acres (200 hectares)Denmark
North Union
Chicago, Illinois
JDL
8.0 acresU.S.Moody Bible Institute site in River North. Development is seeking approvals for a major residential project on the site. The project could include as many as 3,950 residential units and 30,000 square feet of retail.
Old Oak and Park Royal Development Corporation (OPDC)1,606 acres (650 hectares)U.K.
One Central
Chicago, Illinois
U.S.A $20 billion megaproject near Soldier Field, envisioned to 9,000+ residences over existing Metra commuter rail tracks. In addition to multifamily the project would include 1.5 million SF of retail, dining and entertainment amenities. A Landmark Development project.
Packard Plant
Detroit, Michigan
www.packardplantproject.com
40.0 acresU.S.The Packard Automotive Plant is a former automobile-manufacturing factory in Detroit, Michigan, where luxury cars were made by the Packard Motor Car Company and later by the Studebaker-Packard Corporation.
Penn's Landing | Philadelphia Waterfront
The Durst Organization
Two planning areas.U.S.Delaware River Waterfront Commission (DRWC) has selected Durst for this redevelopment.
Perkins Somerset Oldtown Transformation Project
Baltimore, Maryland
244 acresU.S.The $1 billion plan calls for 2,172 residences, a school, retail space, public parks and a grocery store. The residential includes a mix of affordable public and market rate apartments.
Perth CityLink
Far East Consortium
Australia
PES Refinery Redevelopment
Philadelphia, Pennsylvania
Hilco Redevelopment Partners
1,300 acresU.S.Redevelopment of former refinery facility, envisioned to include as much as 15 million SF of commercial space. Philadelphia Energy Solutions, was the operator of the former refinery.
Port Covington
South Baltimore, Maryland
235 acresU.S.A $5.5 billion project. A project of Weller Development. First proposed by Sagamore Development (Kevin Plank, Under Armour founder); the original concept called for a massive mixed-use project surrounding a 50-acre corporate headquarters for the sportswear giant.
Potomac River Generating Station
1300 N. Royal St., Alexandria, Virginia
Hilco Redevelopment Partners
20 acresU.S.A redevelopment scheme is in its early stages. Before it was shuttered in 2012, the 71-year-old plant was regularly cited as one of the largest sources of air pollutants in all of Northern Virginia.
Potrero Power Station adaptive re-use
San Francisco
29 acresU.S.The adaptive re-use project plans call for about 2,400 units, 1.5 milioin SF of commercial space, about 100,000 SF of retail and a 200+ room hotel. Estimated total project cost is $2.78 billion. A project of Associate Capital and Enrique Landa.
Promenade 2035 at Warner Center34 acresU.S.Includes repurposing of the existing Westfield Promenade mall into a commercial community of residential units, retail, office tower, hospitality and a stadium. A Unibail-Rodamco Westfield project.
Related Santa Clara
Santa Clara, California
240.0 acresU.S.Envisioned at 9.2 million SF at build-out. Adjacent to the San Francisco 49ers home at Levi's Stadium.
Riverwalk San Diego
San Diego, California
200 acresU.S.Envisioned to include 4,200 multifamily units, 1 million SF of office space, and 150,000 SF of retail, along with 100+acres of open space. Project costs are estimated at $3 billion, per press reports. a partnership between Hines and the Levi-Cushman family landowners.
San Diego Research and Development District ("The RaDD")
IQHQ Inc.
8 acresU.S.Life sciences campus.
Shibuya Station Area Redevelopment5.2 acres (2.1 hectares)Japan
SmartCentres REIT
Cambridge, Ontario
73 acresCanadaA 73-acre redevelopment envisioned to include 11 million SF mixed-use district. And up to 10,000 new residential units.
Located at 18 to 60 Pinebush Road in the city just west of Toronto. The current SmartCentres Cambridge, a major regional shopping destination, was built 22 years ago.
Spring District
Bellevue, Washington
U.S.To included 3.3 million SF. With its own light rail station expected to open in 2023, it will be minutes from Microsoft’s campus and downtown Bellevue.
Suffolk Downs Redevelopment
Boston, Massachusetts
HYM Investment Group
161 acresU.S.A 161-acre former thoroughbred horse track and racing facility, will be transformed into a mixed-use district. Approved plans for the project include 10,000 residential units, 40 acres of publicly accessible parks and open space; and 3 million SF of office and retail space.
Sunnyside Yard
Queens, New York
180 acresU.S.A proposed $14.5 billion project.
The proposal includes “100% affordable housing” with 12,000 residential units, 6,000 of which would go to low-income New Yorkers.
The 78
Chicago, Illinois

Related Midwest
62.0U.S.Groundbreaking in 2019
The Central
Dallas, Texas
De La Vega Development
27 acresU.S.A $2.5 billion project on North Central Expressway. The 27-acre development — called The Central — is situated just north of the Cityplace complex on the east side of the highway. The Central is one of the largest mixed-use projects in the works in central Dallas.
The River District
Fort Worth, Texas
276 acresU.S.Mixed-use, master-planned community.
The Wave

$3.5 billion waterfront community developed by Al Mouj
The Wharf
Washington, DC
Hoffman & Associates, co-developer
24 acresU.S.3.2 million SF. Situated along the Washington Channel of the Potomac River.
Todtown
Shanghai's Minhang District
ChinaGroundbreaking in 2014
Vogt Machine Co. Redevelopment
1000 W. Ormsby Avenue, Louisville, Kentucky
Vintage South Development
32 acresU.S.Proposed mixed-use project on the site of the former Vogt Machine Co.
Wade Park
Frisco, Texas

Wade Park Land LLC (Georgia)
175.0 acresU.S.Groundbreaking in 2014. August 2020 - filed for Chapter 11 in the U.S. Bankruptcy Court of Northern Georgia. Lender Gamma Real Estate took over the property in August 2019.
Waterbank
Perth, Australia
LendLease
Six hectaresAustralia$1.3 billion urban regeneration project on the edge of Perth's CBD adjacent to the Swan River.
Wave Break Island
Queensland
Australia
Xiongan New Area40 square milesChina
Yujiapu Financial District
Tianjin area
ChinaGroundbreaking in 2008.
Zhuhai WaterfrontChina5.6 million SF mixed-use. Designed by SOM

Global Top 100 Mega Projects – the Latest List

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