Skanska to Develop $112M Apartment Project in D.C.

by John Nelson

WASHINGTON, D.C. — Skanska USA plans to invest $112 million for RESA at Tyber Place, a new 12-story multifamily development located at 22 M St. N.E. in Washington, D.C.’s NOMA neighborhood. Skanska USA is the developer and owner of the 326-unit project, which will be the multifamily component of Tyber Place, a three-building mixed-use development that Skanska is planning. The other components include more than 580,000 square feet of office space, more than 30,000 square feet of retail and restaurant space and an open-air courtyard. Skanska is aiming for LEED Silver certification for the new apartment building, which will feature 7,000 square feet of ground-floor retail space and a rooftop pool and lounge. Skanska USA will break ground in October with completion scheduled for fourth-quarter 2018.

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