News: Construction Design & Engineering

Boston Redevelopment Authority approves phase 2 of Trinity Northampton LP's $150 million Northampton Sq. project

Boston Redevelopment Authority (BRA) Board approved phase two of the Northampton Sq. project in the South End. The second phase of the project includes the construction of a 26-story tower at the corner of Albany and Northampton Sts. (Albany Tower) and the rehabilitation of the 12-story residential building at 860 Harrison Ave. (Harrison Tower). Albany Tower will include 211 residential units and 53,000 s/f of office space for the Boston Public Health Commission (BHCC). Harrison Tower will include 109 residential units. At least 102 of the units created by phase two will be affordable. The plaza on top of an existing parking garage will be renovated into an open space amenity for residents, including areas of green roof and rooftop farming. The two approved buildings are part of the 3.59 acre Northampton Square Campus, which includes the existing offices of the BHCC, the South End Fitness Center, the Carter Auditorium, and a 538-space parking garage. The total cost for the 371,881 s/f project is $150 million Trinity Northampton Limited Partnership is the developer. The Architectural Team is the architect on the project.
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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