Traducción:Hay mucha construcción en esa calle.
What the English means is that a great deal of building is being done on that particular street. A more concise way of saying that is to use the noun 'construction', not to be confused with 'constructions', which refers to several specific buildings that are being built. 'There is much/a lot of construction...', as Duo's sentence. 'A lot of' can take a singular or a plural verb: 'There is a lot of construction,' singular; 'There are a lot of buildings,' plural.