HOUSTON (May 14, 2024) — Skanska USA has been selected to construct a new $54.5 million building at Rice University for the Jones Graduate School of Business that will support the school’s growing student and faculty population. The university and project teams celebrated the new project with a groundbreaking on May 9 to unveil the design of the new facility.  

The new 112,000-square-foot structure features classrooms, modern office spaces and vibrant amenities such as dining areas, open gathering spaces and facilities for private events. The new building will integrate with McNair Hall — the current home of Rice Business — enhancing the campus environment and continuing to cultivate a collaborative culture. 

Skanska is partnering with B. Bell Builders on the project, a local general contractor based in Sugar Land, Texas.    
 
The new building will expand around the existing one, creating new public spaces between the sections, and is designed to blend with the campus and its surroundings. Additionally, the new building will be constructed above an existing underground parking garage and will include flood-proofing measures to enhance the school’s resilience to extreme weather. 

The Jones Graduate School of Business building is expected to reach completion in February 2026. 

Visit usa.skanska.com.