Office Project in Houston Slated for 2024 Completion

The office building will be the first part of a three-block master plan in Houston. (c) Skanska

01 July 2021 | Houston, United States

Skanska is investing US$225 million in an office development project, 1550 on the Green in Houston, with construction beginning in June 2021 and scheduled to be completed in 2024.

The construction contract is worth US$125 million, which will be included in the Q2 order bookings. International law firm Norton Rose Fulbright has signed a 15-year lease for about 30 percent of the building.

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Located at 1550 Lamar Street, adjacent to Discovery Green, in downtown Houston, Skanska plans to develop and build a 28-floor, 34,800-square-meter office tower.

1550 on the Green will be the first part of a three-block master plan by Skanska, which will transform the parcels into a distinguished district known as Discovery West and consist of 3.5 acres (1.4 hectares) of mixed-use development full of restaurants, retail and lush green space. The project will target LEED and WiredScore Platinum certifications.

Since 2009, Skanska has invested a total of US$2.8 billion in commercial and multi-family projects, creating more than 1 million square meters of sustainable and community focused developments in select US markets.

For more on this story, go to Construction Global.