News: Owners Developers & Managers

ADD Inc completes design of 500,000 s/f One Channel Center; Final phase of $175 million project developed by Commonwealth Ventures

ADD Inc, now with Stantec, completed the design of One Channel Center, the final phase of the seven-acre Channel Center master plan, a 2.1 million s/f mixed-use development by Commonwealth Ventures. The $175 million project is located at 1 Iron St. in the Fort Point Channel in the city's Innovation District, the largest urban redevelopment near a major downtown area in the country. The 500,000 s/f, 11-story structure is home to 4,000 employees of State Street Bank and is part of a multi-building masterplan that includes a new two-acre park and a ten-level, 900-car garage. The design team's vision for the project was based on a digital vortex, a concept that aligns with the technology-focused culture of State Street Bank, the building's only tenant. In order to reduce the apparent scale of the building, the design team divided it into three parts. Two volumes flank a sloping glass curtain wall entry façade at the building's center. The curtain wall is a design gesture that breaks down the visual scale of the building, delineates its entry, and it transforms to a shimmering light display at night. The two masonry sides of the building incorporate textured red and brown precast concrete, which resembles brick and terracotta in a nod to neighboring historic warehouses. Colored glass panels punctuate the façade and evoke the whirling activity of the office within. Designed to thread into the neighborhood context, the two-story lobby is a portal between the historic warehouses on Channel Center St. and the new park on the building's southern edge and features local art. One Channel Center features many green elements, such as continuous insulation on facades, efficient mechanical systems (HVAC), recycled and local materials, such as structural steel and precast concrete, and low VOC materials that improve indoor air quality. The building is expected to attain LEED Silver Certification. ADD Inc, an award-winning architecture, interior design, planning and branding firm with offices in Boston and Miami, has joined Stantec's Buildings Group, a team of more than 2,500 design and allied professionals working in over 90 offices across North America. This evolution of ADD Inc gives our talented designers access to Stantec's world-class resources and multi-disciplinary expertise, which will enhance the design creativity and capability they bring to projects and position their team to work in locations worldwide. ADD Inc's strong reputation for design excellence and our deep expertise in multi-family housing, workplace interiors, commercial/mixed-use buildings, college and university projects, and branding enhance Stantec's existing capabilities in the Northeast and Gulf Coast. Through this partnership, they can go anywhere to support their clients' dynamic needs in even more creative, collaborative, and personalized ways.
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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