GVA Granite Construction Incorporated

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

WATSONVILLE, Calif.--(BUSINESS WIRE)--

(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, , and connect with Granite on , , , and .

EN
07/11/2024

Underlying

GVAGranite Construction Incorporated

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Granite Construction Incorporated

Free Trial
GVA Granite Constru...

Granite Construction Inc: 1 director

A director at Granite Construction Inc sold 22,999 shares at 80.833USD and the significance rating of the trade was 72/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two year...

GVA GRANITE CONSTRUCTION INCORPORATED
05/02/25 May 2, 2025 1 EN
 PRESS RELEASE
Free
GVA Granite Constru...

Granite Declares Quarterly Dividend

WATSONVILLE, Calif.--(BUSINESS WIRE)-- (NYSE:GVA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per common share. The dividend is payable on April 15, 2025, to all shareholders of record at the close of business on March 31, 2025. 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 ...

March 18, 2025 1 EN
 PRESS RELEASE
Free
GVA Granite Constru...

Granite Earns its Fifth Consecutive Early Talent Award from Handshake

WATSONVILLE, Calif.--(BUSINESS WIRE)-- (NYSE:GVA) has secured Handshake’s Early Talent Award (ETA) for the fifth consecutive year. This annual award celebrates the best employers for individuals starting their careers. Granite is among a select group in its industry to be recognized out of over 900,000 employers using Handshake. The ETA highlights companies that excel in brand resonance, effective engagement (measured by unique clicks per message recipient), active participation in events like career fairs, and maintaining strong relationships with students through reciprocal messaging. Thes...

March 11, 2025 1 EN
 PRESS RELEASE
Free
GVA Granite Constru...

Granite Joint Venture Team Awarded $97 Million Military Infrastructure...

WATSONVILLE, Calif.--(BUSINESS WIRE)-- (NYSE:GVA) announced today that the joint venture team comprised of Granite and Obayashi Corporation has been awarded an approximately $97 million contract by the Naval Facilities Engineering Command (NAVFAC) to improve the Battery Energy Storage System (BESS) capabilities at Polaris Point, Guam. Project funding comes from the Department of Defense (DOD), and as consolidating partner, the total contract award of $97 million will be included in Granite’s first-quarter CAP. The project scope includes constructing a 17,000 square foot facility and associat...

March 10, 2025 1 EN
 PRESS RELEASE
Free
GVA Granite Constru...

Granite Announces Caldwell Avenue Interchange Reconstruction Project o...

WATSONVILLE, Calif.--(BUSINESS WIRE)-- (NYSE:GVA) has been awarded an approximately $66 million contract by the California Department of Transportation (Caltrans) for an infrastructure project that will enhance the Caldwell Avenue interchange located on SR99 in Visalia, California. Project funding comes from state and federal sources and will be included in Granite’s first-quarter CAP. The project scope includes the construction of two new precast girder bridges: a two-span structure over SR99 and a single-span structure over the UPRR tracks. Additionally, 12 new retaining walls will be buil...

March 6, 2025 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch