Skanska invests approximately USD 65 M in its first Los Angeles office development project located in Beverly Hills.
The construction contract is worth about USD 33.3 M and will be included in the US order bookings for the fourth quarter 2020.
Located at 9000 Wilshire Boulevard in Beverly Hills, California, Skanska plans to develop and build a four-story, 4,270 square meter office building with roof top terrace and four below grade parking levels. The project will target LEED Platinum certification.
Skanska expects to begin construction in the end of October 2020 and the project is scheduled to be completed in third quarter of 2022.
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.