1. Skanska signs $175M contract for Nashville residential and hotel project. 2. The Bend will include 12-story residential tower and Moxy Hotel. 3. Project completion expected by September 2027, enhancing local development.
The contract signifies growth and order book expansion for Skanska. Similar projects historically led to stock price increases.
New contracts can drive investor confidence and long-term growth perceptions, positively influencing SKBSY's stock price.
Project completion in 2027 suggests sustained revenue boost over several years. Long-term contracts often stabilize and increase stock valuation.
STOCKHOLM, Oct. 13, 2025 /PRNewswire/ -- Skanska has signed a contract with Ridgeline Development Partners for a new residential building and a new hotel building in downtown Nashville, Tennessee, USA. The contract is worth USD 175M, about SEK 1.7 billion, which will be included in the US order bookings for the fourth quarter of 2025.
The project, called The Bend, is a new approximately 50,800 square meter development that will include a 12-story residential tower with 261 units, amenity spaces, and three levels of below-grade parking. The project will also feature a 9-story Moxy Hotel with 188 guest rooms and dedicated amenity areas. Additionally, the development will offer 1,600 square meters of shell retail space, providing opportunities for future shopping and dining.
Site work has begun and is expected to reach completion in September 2027.
For further information please contact:
Peggy Cook, Communications Director, Skanska USA, tel +1 (513) 222 5310
Andreas Joons, Press Officer, Skanska Group, tel +46 (0)10 449 04 94
Direct line for media, tel +46 (0)10 448 88 99
This and previous releases can also be found at www.skanska.com.
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20251013 US residential tower and hotel | |
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SOURCE Skanska