Granite Announces Phase 1 of the $425 Million Mosaic Quarter Development in Tucson, Arizona
08 November 2024 - 12:30AM
Business Wire
Granite (NYSE:GVA) announced that it has been awarded the
civil scope of work for Phase 1 of the Mosaic Quarter project, an
approximately $27 million subcontract for general contractor Hensel
Phelps. Mosaic Quarter is a sports and entertainment-focused
lifestyle center, serving as a destination point for residents and
visitors. It features state-of-the-art venues for entertainment,
recreational and collegiate sports, including ice hockey,
basketball, soccer, and much more.
The project is situated near South Kino Parkway and I-10 in
Tucson, Arizona and is being developed, funded, and operated by
Mosaic Quarter Development. The award is included in Granite’s
fourth-quarter CAP.
This keystone project supports the City of Tucson, Pima County,
and Southern Arizona and continues Granite’s history of building
successful projects with Hensel Phelps.
“Since March of 2023, our Arizona Region has provided Hensel
Phelps with design-assist services and cost model development
essential to the civil site work package,” said Derek Betts,
Granite Vice President of Regional Operations. “With design
complete and construction agreements in place, the team is excited
to finally begin construction of this marquee project for the
community.”
Granite’s nearby Swan Plant will be supplying the following
materials:
- 32,000 Tons of aggregate base for roadway, parking lots, and
building base.
- 14,000 Tons of sand for utility bedding, shading, and
backfill.
- 20,000 Tons of asphalt for roadways and parking lots.
Granite’s Phase 1 work began in early November 2024 and is
expected to be completed in August of 2026.
About Granite
Granite is America’s Infrastructure Company™. Incorporated since
1922, Granite (NYSE:GVA) is one of the largest diversified
construction and construction materials companies in the United
States as well as a full-suite civil construction provider.
Granite’s Code of Conduct and strong Core Values guide the Company
and its employees to uphold the highest ethical standards. Granite
is an industry leader in safety and an award-winning firm in
quality and sustainability. For more information, visit the Granite
website, graniteconstruction.com, and connect with Granite on
LinkedIn, X, Facebook, and Instagram.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241107459362/en/
Granite Contacts Media Erin Kuhlman 831-768-4111
Investors Wenjun Xu - 831-761-7861
Granite Construction (NYSE:GVA)
Historical Stock Chart
From Oct 2024 to Nov 2024
Granite Construction (NYSE:GVA)
Historical Stock Chart
From Nov 2023 to Nov 2024