A total of 19 U.S. projects valued at $100 million or more entered planning during May. The largest commercial sector projects included:
- The $500 million renovation of the former Mirage Hotel to a Hard Rock Hotel and Casino in Las Vegas.
- A $495 million Prime data center in Fort Worth, Texas.
- A $481 million Prime data center in Garland, Texas.
The largest institutional projects to enter planning included:
- The $377 million renovation of Neyland Stadium at the University of Tennessee.
- The $350 million Woodland Research and Technology Office in Woodland, California.
Martin noted the overall DMI is 40% higher than the pre-pandemic levels seen in May 2019. It also indicates a steady pipeline of construction projects that will be ready to break ground through mid-2025.
