Skanska’s Houston leasing team tells us about two significant projects underway locally: the 12-story, 330k SF West Memorial Place in The Energy Corridor is 50% leased and recently topped out. The company acquired the site in 2012 and is financing the development itself, which is set to open in January 2015. Phase II, which consists of 380k SF, is in the works and could deliver at the end of 2015. The other big news is the 750k SF Capitol Tower. Skanska is currently demolishing the former site and will be able to deliver the new building in Q1 '18. Look for some very active marketing on that property: It’s been pre-certified as LEED Platinum, and has a unique 40-ft tunnel level. The Swedish global construction and development company has been in the Houston market since 2008, with projects going in all submarkets. For more info on our sponsor, click here.
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