Demolition is underway at a crucial Montrose corner in which Skanska United states of america is shepherding a key transformation.

Skanska United states of america Commercial Enhancement, the enterprise that created downtown’s Bank of America Tower and other superior-finish projects throughout the United States, procured the prized 3-acre tract at Westheimer and Montrose for $27 million — just one of the maximum selling prices compensated for land in the area — past summertime, signaling the scale of the transformation to come.

Video clip: Houston Chronicle

The 1930s-period procuring middle at 1001 Westheimer, which housed a fifty percent-dozen tenants, which include a Spec’s liquor retail outlet, Fifty percent Selling price Books and a Jack in the Box cafe, was becoming demolished this 7 days. Skanska has but to depth its ideas for the site, but mentioned in August the venture would probable be a blend of flats, offices and outlets.

“We really don’t have any new data to share at this time, as we are nevertheless finalizing the options for the internet site as a full,” Matt Damborsky, government vice president and regional supervisor of Skanska Usa Commercial Development, said in a assertion Monday.

The corporation intends to operate with an as-but unnamed nearby spouse on the venture, Damborsky additional, contacting the progress just one that would “provide an chance for Houstonians to safely engage and socialize in just this dynamic neighborhood.”

The business declined to be a lot more particular but explained additional particulars would be coming shortly.