Skanska builds mixed-use development in St. Petersburg, Florida, USA, for USD 111M, about SEK 1 billion

Skanska has signed a contract with Marina Club Apartments LLC to build a mixed-use building in St. Petersburg, Florida, USA. The contract is worth USD 111M, about SEK 1 billion, which will be included in the US order bookings for the third quarter 2022.

The multifamily-led project will consist of an 8-story pre-cast building overlooking Boca Ceiga Bay. The project includes construction of a new 400-unit apartment complex with a 2-story podium parking garage, amenities deck, mixed-use space, and first-floor retail space.

Work began in August 2022 and is expected to reach completion in December 2024.

For further information please contact:

Peggy Cook, Communications Manager, Skanska USA, tel +1 (513) 222 5310

Jacob Birkeland, Head of Media Relations and Public Affairs, Skanska AB, tel +46 (0)10 449 19 57

Direct line for media, tel +46 (0)10 448 88 99

This and previous releases can also be found at www.skanska.com.

Skanska Group uses knowledge & foresight to shape the way people live, work, and connect. Over 135 years in the making, we’re one of the world’s largest project development and construction companies, with 2021 revenue totaling SEK 148 billion. We operate across select markets in the Nordics, Europe and USA. Together with our customers and the collective expertise of our 30,000 teammates, we create innovative and sustainable solutions that support healthy living beyond our lifetime.