http://www.globest.com/"Skanska USA’s local Commercial Development business unit will begin the spec development of an eight-story, 165,000 square foot office building in the East End this year. The company has acquired the development rights for the parcel at 10th and G. PN Hoffman, which had begun development of the site but was forced to stop last year when it lost its funding, will partner with Skanska in the building's development, which will be located at 733 10th St.
Skanska is financing the project entirely from its own balance sheet, Rob Ward, EVP of Skanska USA tells GlobeSt.com. It is an entirely spec deal with no preleases signed or in negotiations, he says."