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"materialize the project" is a correct and usable phrase in written English.
It means to bring a project into reality or make it happen. Example: The team worked hard for months to materialize the project and finally, their efforts paid off when it was successfully launched to the public.
Exact(2)
But since the financing has yet to materialize, the project, like so much of the art scene in Sarajevo, is still just a plan.
Although once more the deal failed to materialize, the project gathered steam as Carmen, with the technical assistance of CLASA studios (Cinematográfica Latinoamericana, S.A ., set about scripting a fictional voice-over narrative and designing a soundtrack that might make these images work for a modern audience.
Similar(58)
Washington's widow, Martha, gave guarded consent, but funding never materialized and the project languished.
This article considers how anticipated futures of space travel and environmental survival are materialized in the project to engineer the minimal biosphere capable of reliably sustaining human life: a human/microbe association with the fewest possible species.
Basically, the project gives two ways to mechanize and materialize the digital and invisible.
The funding has yet to materialize, and today the project remains unfinished, with only a few dozen full-time residents.
Among Mr. Goldin's concerns, a spokesman said, were that the request for proposals had not been widely circulated, that changes were made in the criteria for choosing developers, that apartments for the elderly might not materialize and that the project would disrupt a thriving community.
If you don't know these cues, it is very possible a risk could silently materialize and affect the project, even if you have good contingencies in place.
It goes without saying that if the sales forecast was inaccurate and sales do not materialize as projected the payback on the project may not happen.
If the surpluses continue to materialize as projected, the national debt will be paid off by 2013, meaning there would be virtually no more Treasury bonds.
"The job creation impact of what was considered to be one of the department's most 'shovel ready' projects has not materialized," the report said.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com