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Skanska Tapped to Build Radford University’s $102M Center for Adaptive Innovation

Global construction and development firm Skanska has been selected to build Radford University’s new Center for Adaptive Innovation and Creativity (CAIC) in Radford, VA.

The $102 million, 177,917-square-foot building will replace the existing space for the College of Visual and Performing Arts and create interdisciplinary student spaces. Skanska’s portion of the project is $80.5 million. The Center represents the largest capital construction project in the history of Radford University in terms of total project funding and square footage. The new building will allow for the cross-disciplinary collaboration of educational programs in the arts, health sciences, and technology.

“We are excited to enhance the educational experience of the students, faculty and staff at Radford University,” said Greg Peele, executive vice president responsible for Skanska’s North Carolina and Virginia building operations. “The new CAIC building will allow for the integration of programs for innovative research, study and socialization with modern amenities and spaces for students to prosper.” 

The project is slated to begin in June 2021 and be completed by end of 2023.


Inside The Story

connect with Skanska’s Peele

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

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