Skanska inks $163M extension deal for Nashville mixed-use project

ConDig (19-Mar-18).  Developer and contractor Skanska has secured a $163 million extension to its contract to build a mixed-use scheme in Nashville.

Under the deal, Skanska and its partner OM-SE will expand their current deal for the downtown project Fifth + Broadway, which will replace the Nashville Convention Center.

Construction started last year and is schedule for completion in March 2020.

The overall project, which will cost $300 million, will deliver about 23,000 square meter of retail, food & beverage and entertainment space, including a lease signed with retailer H&M and premises for the National Museum of African American Music.

A 38,000-square-meter Class-A office tower will also be built and over 380 residential units in a new 41,000-square-meter residential tower. The project features multiple onsite parking garages and the renovation of existing conference center space.

In January, Skanska and engineer and architect Burns & McDonnell landed a $68 million contract to build a generating plant in the Northeast of the US. It announced that it had secured a $100 million contract to build a mixed-use development in Madisonville, Ohio.