News: Construction Design & Engineering

Arrowstreet designs renovation of Reykjavik Natura Hotel in Iceland

Reykjavik, Iceland Arrowstreet served as design consultant for the renovation of Icelandair Hotel's Reykjavik Natura (formerly Hotel Loftleider) to position this flagship property as Icelandair's "gateway" to Iceland. A newly created entry court yard, bounded by traditional turf walls, leads to a light-filled, reconfigured lobby and attached outdoor deck. Other changes include improved guest rooms, a new restaurant, and swimming pool improvements including a new spa. Prior to renovations, the lobby was small and dark, with no windows or natural light. By rearranging staff offices, guests can now enjoy a larger space with comfortable casual seating and views to the outdoors. "Our core design strategy was to integrate elements of Icelandic nature and culture into all aspects of the design," said John Cole, Arrowstreet's project principal. "The result has been a modern and beautiful hotel that pays respects to its local vernacular and aesthetic." Visitors now have a choice of staying in moss, geothermal, Aurora Borealis, volcano, or water themed rooms, each offering educational facts about and beautiful art of Iceland's natural elements. Continuining in this theme of local natural focus, new restaurant Satt's cuisine focuses on local Icelandic seasonal produce; and the lobby, hallways, and other public spaces display local artists' work.
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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