News: Spotlights

315 on A project achieves LEED Gold certification

315 on A is a 20-story, 258,000 s/f high-end apartment building located in the city's Fort Point district. The 202-unit apartment building contains artist live-work spaces, loft-style apartments, and innovation units consisting of compact apartments built around common work areas and other shared community spaces. The project also includes a four-level, above-grade parking garage with 96 spaces. The 315 on A project recently earned LEED Gold certification, and it is the first project to earn an Innovation and Design "Learning Controls" Pilot Credit (EQpc85) for the installation of NEST Thermostats. The highly sustainable project also earned a total of 64 points, which is four points above the number of points required to achieve LEED Gold certification. Additional sustainable features of 315 on A include: * Achieving 4 out of 6 Regional Priority Credits including Renewable Energy, Brownfield Redevelopment, Heat Island Roof and Heat Island Non-Roof. * 24% of the materials on the project are made from recycled products. * 20% of the materials on the project are regionally sourced and manufactured. * Water use has been reduced 36% below the baseline and will save 33.3 million gallons annually. * A combined heat and power unit provides on-site energy and hot water through a natural gas turbine. * The high-end apartment building will use 27.42% less energy than the same building just built to ASHRAE code minimum. This should result in annual savings of 52.9 million kWh or $100,568. * An on-site photovoltaic array will provide 1% of the project's annual energy from renewable solar power. This is projected to save 7,787 metric tons of CO2 annually. Through team-wide collaboration, the 315 on A project team was able to successfully deliver this highly sustainable apartment building that will maximize space and minimize energy usage for all residents alike. Project Team Included: Owner: Gerding Edlen Development Company Architect: ADD Inc Construction Manager: Suffolk Construction Company LEED Consultant: Brightworks Commissioning Agent: AHA Consulting Engineers Structural Engineer: Odeh Engineers Civil Engineer: Nitsch Engineering Electrical / Mechanical Engineer: WSP Lighting Designer: LAM Partners Landscape Architect: Copley Wolff Design Group
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Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary