Skanska has, together with its joint venture partner Shoemaker Construction Company, signed a contract with Pennsylvania Real Estate Investment Trust and Macerich to complete renovations of The Gallery shopping mall in Philadelphia, Pennsylvania. The total contract is worth $126 million. Skanska USA Building will include its share of the contract worth $61 million, in the order bookings for the fourth quarter 2016.
The work at the 1-million-square-foot shopping mall includes selective structural demolition; new structural and architectural construction; modifications and additions to the MEP and fire protection systems; replacement of all common area floor finishes, ceilings and lighting, neutral columns and storefront bulkheads and related core and shell work and extensive work to the exterior façades, including digital signage.
Construction will begin in the fourth quarter of 2016 and is scheduled to be complete by August 2018.
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