Press Release

Granite Announces Phase 1 of the $425 Million Mosaic Quarter Development in Tucson, Arizona

Nov 07, 2024

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 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.

Granite Contacts

Media

Erin Kuhlman 831-768-4111

Investors

Wenjun Xu - 831-761-7861

Source: Granite

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