Granite Announces Phase 1 of the $425 Million Mosaic Quarter Development in Tucson, Arizona
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Granite (NYSE:GVA) has been awarded a $27 million subcontract for Phase 1 of the Mosaic Quarter project in Tucson, Arizona. The project is a sports and entertainment-focused lifestyle center.
November 07, 2024 | 1:45 pm
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Granite has been awarded a $27 million subcontract for the Mosaic Quarter project, enhancing its portfolio in the construction of sports and entertainment facilities.
The award of a $27 million subcontract for a significant project like the Mosaic Quarter is likely to positively impact Granite's stock in the short term. This project enhances Granite's portfolio and showcases its capabilities in the construction of sports and entertainment facilities, potentially leading to more contracts in the future.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90