Skanska has acquired about 2,787 square meters of land in Boston, Massachusetts for USD 177M, about SEK 1.5 billion.
Located at 380 Stuart Street in the Back Bay neighborhood, Skanska plans to develop a 27-story, about 58,000 square meter, Class-A office building with ground-floor retail and below-ground parking.
The project will target LEED Platinum, Fitwell, and WiredScore certifications.
This acquisition marks Skanska’s seventh commercial venture in Greater Boston, and one of the few remaining opportunities for a new, ground-up development in Back Bay.
