Urbanization and population growth are driving demand for all kinds of projects, including transportation, data centers and energy, says Silvia Ruiz, the contractor’s global head of investor relations.

A spike in scrapped jobs drove the sharpest rise in construction stress in over a year as developer confidence erodes, according to ConstructConnect.

The project, which will feature 864 inpatient rooms and 50 operating rooms, has ballooned in cost from the original $1.6 billion estimate.

Fentress Architects said it will rebrand as Fentress Studios, a Populous company and will continue working from offices in Denver and Washington, D.C.