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Huge Rainwater Harvesting Cistern and Rooftop Park for New Houston Tower

HOUSTON – A 50,000-gallon rainwater harvesting cistern will be installed – along with  a green rooftop park – at the new Skanska skyscraper under construction in downtown Houston. The captured water will be used to sustain the 24,000-SF Sky Park at Capitol Tower, which will be located on the 12th story above street level. OJB Landscape Architecture designed the park, ... Read More »

With Foundation Already Poured, New Skanska Skyscraper Will Zoom Onto Houston Skyline in Record Time

HOUSTON – Skanska USA’s Capitol Tower will make its appearance on Houston’s downtown skyline in record time, perhaps with building being completed before the start of 2019. Work appears to be starting now on the 35-story, 750,000-SF tower. Construction cranes have been erected, a sure sign Skanska is serious. Typically, a 35-story office tower will take two years to complete. ... Read More »

Report: Skanska Preparing to Start Construction on Capitol Tower in Downtown Houston

HOUSTON – Skanska USA erected a construction crane in downtown Houston over the weekend, a sign that the firm expects to begin construction soon on an office tower, according to a report in the Houston Chronicle. Several years ago, Skanska announced plans to build a 35-story office tower on the site, a block bounded by Capitol, Rusk, Milam and Travis ... Read More »

Skanksa’s New Downtown Tower Solidifies Firm’s Houston Activity: Q&A with Skanska’s Matt Damborsky

HOUSTON – Bank of America is poised to become an anchor tenant in Skanska’s proposed Capitol Tower office building in downtown Houston, where vacancy rates have been rising and Hines is delivering a new 1 million SF tower in the first quarter. The Skanska site is bounded by Capitol, Rusk, Milam and Travis streets. The foundation for the new tower ... Read More »

Skanska CEO: It May Be A While Before Skanska’s Downtown Office Tower Gets Built

NEW ORLEANS – Skanska USA won’t start construction on its proposed Capitol Tower office building until the Houston office market rebounds, says Richard Cavallaro, CEO of Skanska USA. Skanska poured the foundation for the proposed 35-story tower in August  of last year and a multi-level parking garage has been built on the site – a full city block bounded by ... Read More »

Skanska’s Energy Corridor Office Building Tops Out

HOUSTON – Skanska announced its 385,000 SF office project in the Energy Corridor of west Houston has been topped out. Construction completion is slated for the second quarter of 2016. The building, called West Memorial Place ll, is 42 percent leased with IHI E&C occupying 160,000 SF. Skanska, part of a large Stockholm-based parent company, self-finances most of its projects. ... Read More »

Skanska Pours Foundation for Future 35-Story Tower in Downtown Houston

HOUSTON – Skanska USA says it’s just planning ahead. But over the weekend, the firm was preparing for the future in a very tangible way – by pouring 9,300 cubic yards of concrete for the foundation of its proposed Capitol Tower in downtown Houston. Someday, the foundation will be used by Skanska for a 35-story, 750,000-square-foot office tower at 800 ... Read More »

Major Lease Fills Some Office Space in Energy Corridor

HOUSTON – The Energy Corridor office market of Houston, which has been sliding in recent months as prices for West Texas Intermediate crude fell sharply, has racked up some positive news. IHI E&C, an engineering, procurement and construction company specializing in the energy, petrochemical, refining, chemical and natural gas industries , has leased 158,050 square feet in the new West ... Read More »

Houston’s Top 17 Catalyst Deals of the Year

HOUSTON – Houston realty outscored the nation in most categories last year. The city has more than 17 million square feet of office space under construction, far more than any other city. And it had more single-family housing starts than any other market in the nation last year. Plus, existing single-family sales are on a record-setting pace. While adding 125,000 ... Read More »

Hearst Selects HFF to Market Houston Chronicle Downtown Property

HOUSTON – Hearst Corp. has selected the HFF commercial real estate brokerage firm to handle the sale of its Houston Chronicle property in downtown Houston. Hearst interviewed a number of Houston’s leading commercial real estate brokers before selecting HFF, a national firm with a strong local office. The 10-story Chronicle building, 801 Texas Ave., covers a full city block and ... Read More »

Sunday A.M. Implosion Clears Way for 750,000 SF Office Tower

HOUSTON – Downtown’s old Houston Club Building was imploded Sunday, clearing the way for Skanska to develop the 35-story Capitol Tower in downtown Skanska, which has several office projects under way in Houston, is developing a 750,000-SF office tower to be built at 808 Capitol Street in block bounded by Rusk, Milam and Travis streets. In order to meet the ... Read More »

Skanska Buys Acreage for 1 million SF Office Development Next to Exxon Mobil’s new Campus North of Houston

HOUSTON – Skanska USA Commercial Development announced it has acquired 14 acres of land for a 1 million square foot office development across from the new Exxon Mobil campus. The Skanska site, which is south of The Woodlands, is part of a development trend that has led some to tout the Exxon Mobil area as the “New Energy Corridor.” The ... Read More »

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