|
contents | business | |||||||||
| Skanska invests in laboratory and office building in Cambridge, USA Swedish engineering and construction giant Skanska is investing USD 70 M, about SEK 445 M, in a laboratory and office building located at 150 Second Street in Cambridge, Boston, USA. The project is Skanska's first commercial real estate investment in Cambridge, home to the world's leading biotechnology and technology innovation center, Kendall Square. The building is scheduled for completion in November 2012. Construction will commence in October 2011 and will be implemented by Skanska USA Building. Skanska USA Commercial Development acquired the 5 600 square meter parcel in November 2010. The three-story Class A building, designed by Elkus Manfredi Architects, will be designed and developed to LEED Gold minimum standards. The project will include approximately 11 150 square meter of highly sustainable lab space. Skanska will self-finance 100 percent of the development costs. write your comments about the article :: © 2011 Construction News :: home page |