Construction has started on the $221 million The Heming in Tysons, VA. The construction contract is reported to be valued at $150 million, Multi-Housing News (MHN) reported earlier. (The project had apparently been almost ready for construction in late 2019, but work is finally getting under-way).
Skanska is developing the 28-story structure, with 410 units. The building will also include 38,000 sq. ft. of ground floor residential and retail space. The Swedish construction and development company is aiming for Lead Gold certification.
MHN reports that Skanska has been active in greater Washington, D.C., area with multifamily and office investments in recent years.
“In June, the firm sold RESA, its first residential project in Washington, D.C., to Northwestern Mutual for approximately $141 million,” the published report says.
“The 12-story, 326-unit luxury apartment community at 22 M. St. NE in the city’s NoMa neighborhood was part of the firm’s mixed-use Tyber Place project. The three-building live-work-play development also has 585,000 sq. ft. of office space and 30,000 square feet of restaurants and retail.”