Skanska, a construction and development company based in Sweden, has announced plans to invest $392M in an office project in Seattle, US.
The project will involve the construction of a new 38-storey office building. The property will feature about 62,000 sq m of office space, 1,700 sq m of retail space, and 2,200 sq m of covered, outdoor open space that will create a public urban village.
Construction work is expected to commence this month and be concluded in the second quarter of 2019.
The construction contract for the project is valued at $228M and will be included in Skanska USA Building’s order bookings in the first quarter of 2017.
Since 2009, Skanska USA Commercial Development invested about $1.5bn in various projects.
* Data provided by Timetric's Construction Intelligence Center.