Skanska signs construction contract for mixed-use development for $100 million

Press release 1/9/2018 12:00 AM EST

Skanska has signed a contract with RBM Development to manage the construction of a new mixed-use development in Madisonville, Ohio. The contract is worth $100 million which will be included in its U.S. order bookings for the fourth quarter of 2017.

This project is the second phase in the redevelopment of the former NuTone manufacturing site.

Skanska is currently overseeing the construction of several other significant projects in the area including The Summit Hotel, a 239 room hotel that is also part of the NuTone manufacturing site redevelopment, renovations and additions to Fifth Third Arena on the University of Cincinnati campus, and renovations and three new elementary schools for Northwest Local School District.

The project architect is Gresham Smith and Partners. Construction began this month and is slated for completion in fourth quarter 2019.