Granite Announces Phase 1 of the $425 Million Mosaic Quarter Development in Tucson, Arizona
Granite Construction Incorporated (GVA)
Last granite construction incorporated earnings: 10/25 06:55 am
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Source: Business Wire
WATSONVILLE, Calif.--(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 m
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