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Skanska to Build 27-Story Office Tower in Boston’s Back Bay

Global construction and development firm Skanska has announced plans to build a 27-story office tower in Boston’s Back Bay neighborhood. The firm reportedly paid $177 million for the development site.

Located at 380 Stuart St., the 3,000-square-foot parcel is one of the neighborhood’s last remaining developable sites. Skanska plans to build a 625,000-square-foot building at the site. A vacant 144,000-square-foot building currently sites on the site, which is nearby Back Bay’s 62-story John Hancock skyscraper. Plans for the property call for ground-floor retail, below-ground parking and LEED Platinum certification.

“While Boston has proven to be a major hub with a strong tenant base in medical, education, life-sciences and finance, Back Bay is an ideal location to bring a new, modern and flexible office building to the community,” said Russell DeMartino, USA Executive Vice President at Skanska.

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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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