M id A tlantic Real Estate Journal — Owners, Developers & Managers — October 28 - November 10, 2016 — 3B
www.marejournal.com
O wners , D evelopers & M anagers Skanska delivers first major US P3 months ahead of schedule Skanska USA announces first multi-family development in Washington, D.C.
W
towed 220 nautical miles down the Chesapeake Bay to the project site in Portsmouth, VA. They were then immersed and positioned – one element at a time – in a dredged trench nearly 100 feet at the bottom of the Elizabeth River and then connected together through a series of locking mechanisms and seals. “It is a significant accom- plishment to have completed the new Midtown Tunnel sev- eral months ahead of sched- ule,” said Wade Watson , ERT project director for SKW, re- sponsible for the design-build
aspect of the project. “This al- lows us to begin rehabilitation of the existing Midtown Tunnel months sooner than originally planned.” The new tunnel will reduce traffic congestion on U.S. 58 by providing extra travel lanes, and enhance driver safety by having one tube for eastbound traffic and another tube for westbound traffic. The existing Midtown Tunnel is more than 50 years old. It is considered the “most heavily traveled two-lane road east of the Mississippi”, according to the Virginia De- partment of Transportation. n
A S H I N G T O N , D.C. — Skanska USA Commercial
and Real Assets. The project is using a public private part- nership (P3) model for the finance, development, design, construction, operation and maintenance of a new two-lane tunnel adjacent to the existing Midtown Tunnel under the Elizabeth River, connecting the communities of Norfolk and Portsmouth. The 3,800 foot- long underwater vehicle tunnel is one of the few immersed-tube tunnels in the U.S., and is com- prised of 11 16,000-ton concrete elements. The tubes were fabricated at Sparrows Point, MD, and
Development announced its first multi-family development in Washington, D.C., RESA at Tyber Place located in NoMa. RESA is a new 12-story, 326-unit luxury building with rooftop amenities and 7,000 s/f of ground-floor restaurant and retail space. Located at 22 M St. NE between North Capitol and First Sts., NE. The residences’ design applies the concept of practical simplicity creating open, sustainable and inviting interior spaces where tenants can reside and relax. The building is designed to LEED Silver standards. “Tenants today are looking for a live-work-play ecosystem. With RESA, we have taken what we know from our suc- cessful multi-family develop- ments in our other markets to provide a fresh perspective and a different kind of urban apartment right here in the D.C. market,” said Rob Ward , executive VP for Skanska USA Commercial Development in Washington, D.C. “The collabo- ration between residents, plan- ners and developers like us has created a sense of community here that is remarkable. Our commitment to sustainability dovetails perfectly with the priorities of this neighborhood.” In other news, Skanska, lead- ing a joint venture of Skanska, Kiewit Construction and Weeks Marine (SKW Con- structors) has reached sub- stantial completion of the new Midtown Tunnel, a key element of the Elizabeth River Tunnels project between Norfolk and Portsmouth, VA, four months ahead of schedule. “This project was Skanska’s first public private partnership in the U.S. and the early com- pletion clearly demonstrates the value that Skanska can pro- vide in developing and invest- ing in critical infrastructure,” said Johan Henriksson ex- ecutive vice president, Skanska Infrastructure Development. “P3 (public-private partner- ship) allows for effective risk recognition and mitigation and more efficient and accel- erated procurement than the traditional design-bid-build process.” The ERT project consists of Elizabeth River Crossings (ERC), a joint venture of Skans- ka Infrastructure Development and Macquarie Infrastructure
22 M St. NE
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