Skanska has purchased four land parcels, including one full city block, totaling about 14,200 square meters in downtown Houston, Texas. The seller is a private citizen. The total investment amounts to $55 million.
Located adjacent to Discovery Green, these four sites are in Houston’s Central Business District and Skanska plans to develop a mix of office, multi-family and retail for the local community.
Since 2009, Skanska USA Commercial Development has invested more than USD 2 billion in office and multi-family projects, and has developed office headquarters for tenants including, Waste Management Inc., Bank of America, Brooks Sports, PricewaterhouseCoopers and Tommy Bahama.