Skanska Invests In Office Development Project In Houston

Skanska, a contracting company based in Stockholm, Sweden, has invested in a US$525-million office development project in downtown Houston, Construction Global reported in June. The building, called 1550 on the Green, will be 28 floors and 34,800 m2, and located at 1550 Lamar Street. It is the first part of a three-block plan by Skanska to turn the area into a district known as Discovery West, which will consist of 3.5 acres of mixed-use buildings that include restaurants, retail and green space. The project will target LEED and WiredScore Platinum certifications.