Skanska invests $129M in Virginia office development

ConDig (01-Sept-21).  Swedish developer and contractor Skanska has invested $129 million into an office development in Arlington, Virginia.

The company said the 3901 Fairfax development project will involve building a 9-story, 19,000 square meter office building. It will include a private rooftop deck, conference center, ground floor fitness center, 250 space below-grade parking garage with electric car charging stations, ground floor retail and a public plaza. 

The project is WELL Core Pre-certified and will target LEED and WiredScore Gold certifications as well as an Energy Star certification, the company noted. 

Construction on the development is slated to begin in September this year and the project is scheduled to be completed in 2023.

Skanska added that since 2009 it has invested a total of $3.2 billion in commercial and multi-family projects.

In July, Skanska signed a $248 million contract to upgrade an existing corporate campus in Long Island, New York.

The company said it had sold off its US multi-discipline design firm PCI Skanska Inc (PCIS) for $20 million in June. 

In May, Skanska made a record investment in its biggest office development project in Bellevue, Washington. It plans to develop and build a 25-story, 50,300 square meter office tower called The Eight for an investment value of $476 million. 

In April, a joint venture led by Skanska landed a $308 million contract for a Signia by Hilton hotel in Atlanta, Georgia.

Skanska secured a $73 million contract for a multi-purpose event center in Clarksville, Tennessee, also in April.

In December, Skanska bagged two contracts in Georgia and Florida worth a total of $120 million. It also signed an additional $80 million contract to expand Portland International Airport, Oregon.

In October, Skanska secured a $91 million contract to upgrade an aluminum processing facility in the Southeast of the US.

In September, Skanska secured a $64 million contract to build a data center in Oregon. It also bagged a $106 million deal last month for the 95 Northbound viaduct replacement in Providence, Rhode Island.

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