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$126M Construction Contract Signed For Watermark Seaport

Mar 3, 2014 | Reprints | Unlock Link | Print

Co-developer Skanska announced Monday that it signed a $126-million construction contract for the Watermark Seaport luxury apartment complex in Boston’s Seaport District.

Watermark Seaport LLC, a joint venture of Skanska USA Commercial Development and Twining Properties of New York, is developing the 28,000-square-foot complex which will include a pair of six- and 17-story buildings totaling 346 rental units.

Construction is expected to be complete in March 2016, Skanska said. The cost of the contract will be included in the Stockholm-based developer’s first-quarter financials.

Skanska and Twining Properties acquired the parcel on Seaport Boulevard for $18.6 million in March 2012.

Commercial & Industrial