Skanska invests $129m in office development project in Virginia, US


Skanska has announced an investment of $129m (aboutSEK1.1b), in the office development project 3901 Fairfax in Arlington, Virginia, the US.

The construction contract is valued at $64m (SEK 540m).

This contract will be included in the US order bookings for Q3 2021.

Skanska will develop and build a nine-story, approximately 19,000m2 office building.

This project will include a private rooftop deck, conference centre, ground floor fitness centre, 250 space below-grade parking garage with electric car charging stations, ground floor retail, and a public plaza.
It is WELL Core Pre-certified and aims for LEED and WiredScore Gold certifications as well as an Energy Star certification.
Construction is slated to commence in September 2021 and expected to complete in 2023.
Skanska stated that it has invested a total of $3.2bn in commercial and multi-family projects since 2009, creating over one million square meters of sustainable and community focused developments in the US.

Last month, Skanska secured a contract from the San Gabriel Valley Council of Governments to act as the contractor for the Fullerton Road Grade Separation Project in City of Industry, Southern California, the US.

The contract is valued at $96m and will be included in the US order bookings for Q3 2021.

This project will lower Fullerton Road under the current Union Pacific railroad tracks between Rowland Street and State Route 60.

Skanska will be responsible for construction of a six-lane roadway underpass, four-track railroad bridge and a bridge for Railroad Street spanning Fullerton Road.

Construction is scheduled to commence in Q3 2021 with completion expected in Q4 2024.

Image: Skanska will develop and construct a nine-story office building. Credit: Hands off my tags! Michael Gaida from Pixabay

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