Skanska to develop and build 13-story, 275-unit luxury apartment building in Northeast Washington, DC for USD 128 million

Skanska to develop and build 13-story, 275-unit luxury apartment building in Northeast Washington, DC for USD 128 million

(PRESS RELEASE) STOCKHOLM, 22-Oct-2021 — /EuropaWire/ — Skanska (STO: SKA-B), a world leading project development and construction group, has announced it invest USD 128M (SEK 1.1 billion / EUR 110 million) in OZMA, a multi-family development project in Washington, DC, USA. The construction contract is worth USD 96M, (SEK 800M / EUR 82 million), which will be included in the US order bookings for the third quarter 2021.

Located in Northeast Washington, DC, Skanska plans to develop and build OZMA, a 13-story, 275-unit luxury apartment building. The project will feature 5,200 square meter of amenity space, below grade parking, 2,400 square meter of ground floor retail space and is targeting LEED Gold, WiredScore Gold and Fitwel Certifications.

Construction starts in October and the project is scheduled to be completed in 2024.

Since 2009, Skanska has invested a total of USD 3.2 billion in commercial and multi-family projects, creating more than 1 million square meters of sustainable and community focused developments in select U.S. markets.

Skanska is one of the leading construction- and project development companies in U.S., specialized in building construction, civil infrastructure and developing commercial properties in select U.S. markets. Skanska USA had sales of SEK 66 billion in 2020 and had about 7,600 employees in its operations.

Media contacts:

Alicia Jones, Director Communications, Skanska USA, tel + 1 703 835 2762
Andreas Joons, Press Officer, Skanska AB, tel +46 (0)10 449 04 94
Direct line for media, tel +46 (0)10 448 88 99

SOURCE: Skanska AB