News: Owners Developers & Managers

BOND awarded Boston College's 245,000 s/f residence hall; designed to achieve LEED Silver

BOND is providing construction services for Boston's College's nearly 245,000 s/f residence hall at 2150 Commonwealth Ave. The project will allow for an additional 490 student beds in a mix of apartment-style suites for BC students. Located on the site of the former St. Thomas More Hall, the project required the demolition of this building. The residence hall is expected to achieve LEED Silver certification and will be completed in June 2016, in time for the 2016 academic year. Boston College stakeholders looked to hire a firm with expertise in Lean construction methodologies. The BOND team successfully completed a 305-bed residence hall at Wentworth Institute of Technology utilizing Lean principals of pull planning and small batch execution. These strategies proved to be successful in optimizing project value by fast-tracking a challenging schedule and mitigating multiple project risks associated with a tight, urban site. Similar Lean techniques will be applied to the 2150 Commonwealth Ave. project to minimize waste and maximize efficiency. Hired by Boston College as the project's design neared the completion of construction documents, BOND's preconstruction team immediately became involved in a series of budgeting, constructability, and value analysis. The team also developed a procurement plan under a guaranteed maximum price (GMP) format that allowed for demolition with abatement in early spring 2014, while ensuring overall budget adherence. "We are excited to be building the next residential experience at Boston College," said Robert Murray, BOND president. "Our understanding and work with Lean construction will produce a quality structure that better complements a 21st century academic model."
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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