{"id":1004201788,"date":"2017-12-26T06:52:57","date_gmt":"2017-12-26T14:52:57","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004201788"},"modified":"2022-12-04T11:45:46","modified_gmt":"2022-12-04T19:45:46","slug":"skanska-to-build-125m-mixed-use-tower-in-ma","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/skanska-to-build-125m-mixed-use-tower-in-ma\/","title":{"rendered":"Skanska to Build $125M Mixed-Use Tower in MA"},"content":{"rendered":"<p>By Barbra Murray<\/p>\n<div id=\"attachment_1004201790\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/EF-Education-First-Building-III-Cambridge-Mass.-Aerial.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004201790\" data-attachment-id=\"1004201790\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/skanska-to-build-125m-mixed-use-tower-in-ma\/ef-education-first-building-iii-cambridge-mass-aerial\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/EF-Education-First-Building-III-Cambridge-Mass.-Aerial.jpg\" data-orig-size=\"1860,952\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"EF Education First, Building III, Cambridge, Mass. &#8211; Aerial\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/EF-Education-First-Building-III-Cambridge-Mass.-Aerial.jpg?w=1024\" class=\"wp-image-1004201790 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/EF-Education-First-Building-III-Cambridge-Mass.-Aerial.jpg\" alt=\"EF Education First, Building III, Cambridge, Mass. - Aerial\" width=\"300\" height=\"154\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/EF-Education-First-Building-III-Cambridge-Mass.-Aerial.jpg 1860w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/EF-Education-First-Building-III-Cambridge-Mass.-Aerial.jpg?resize=300,154 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/EF-Education-First-Building-III-Cambridge-Mass.-Aerial.jpg?resize=768,393 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/EF-Education-First-Building-III-Cambridge-Mass.-Aerial.jpg?resize=1024,524 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/EF-Education-First-Building-III-Cambridge-Mass.-Aerial.jpg?resize=1536,786 1536w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004201790\" class=\"wp-caption-text\">Image courtesy of Skanska<\/p><\/div>\n<p>Skanska USA\u2019s strong relationship with EF Education First just got stronger. The construction and project development company has inked a deal with EF to construct the third building on the education company\u2019s North Point campus in Cambridge, Mass. Skanska USA\u2019s contract for the approximately 300,000-square-foot development is $125 million.<\/p>\n<p><em>\u201cPublic-private partnership is increasingly key to creating critical social infrastructure, and EF\u2019s growing campus is a prime and leading example<\/em>,\u201d Richard Kennedy, president &amp; CEO of Skanska USA, said in a prepared statement.<\/p>\n<p>EF III won\u2019t be the traditional campus building; it will be quite a diversified mixed-use property. The upper floors of the 12-story tower will offer general office and administrative accommodations, as well as student housing for Hult International Business School. The entire ground floor, however, will be devoted to recreational amenities, including a public fitness facility and a caf\u00e9. The building will also feature above-grade parking.<\/p>\n<p>Skanska USA delivered EF\u2019s $125 million North American Headquarters facility on the North Point campus in 2014. The company is scheduled to wrap up construction on EF III in spring 2019.<\/p>\n<h2><strong>CHANGE AFOOT<\/strong><\/h2>\n<p>Skanska USA\u2019s parent company, Stockholm, Sweden-based Skanska AB, will get a <a href=\"https:\/\/www.commercialsearch.com\/news\/skanska-names-new-president-ceo\/\">new president &amp; CEO<\/a>, effective, January 1, 2018. The company promoted from within, naming Anders Danielsson, a Skanska employee since 1991, to the position, replacing Johan Karlstr\u00f6m.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company is developing on EF Education First\u2019s campus in Cambridge. EFIII will include office and administrative accommodations, as well as student housing.<\/p>\n","protected":false},"author":969,"featured_media":1004201790,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,21752,21742,10],"tags":[32886],"class_list":["post-1004201788","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-mixed-use","category-latest","category-northeast","tag-skanska"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Skanska to Build $125M Mixed-Use Tower in MA - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/skanska-to-build-125m-mixed-use-tower-in-ma\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Skanska to Build $125M Mixed-Use Tower in MA\" \/>\n<meta property=\"og:description\" content=\"The company is developing on EF Education First\u2019s campus in Cambridge. EFIII will include office and administrative accommodations, as well as student housing.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/skanska-to-build-125m-mixed-use-tower-in-ma\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-12-26T14:52:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-04T19:45:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/EF-Education-First-Building-III-Cambridge-Mass.-Aerial.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1860\" \/>\n\t<meta property=\"og:image:height\" content=\"952\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/skanska-to-build-125m-mixed-use-tower-in-ma\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/skanska-to-build-125m-mixed-use-tower-in-ma\/\",\"name\":\"Skanska to Build $125M Mixed-Use Tower in MA - 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