News: Construction Design & Engineering

Bowdoin Construction completes 50,000 s/f $7.5 million campus

The South Area Solomon Schechter Day School's (SASSDS) new 4.6-acre $7.5 million campus was completed on budget and on time - ready for the start of the new school year. The fast-track construction phase, led by general contractor Bowdoin Construction, began on February 1st, and was completed a few weeks before the first day of school on September 4th. The campus includes three buildings totaling 50,000 s/f including the main school, new gym, and development / business offices. The campus is just off Rte. 1 behind Home Depot and Stop & Shop, located near several major highways along the Rte. 1 corridor. School leaders commended Bowdoin Construction's vice president Irwin Yanowitz; construction consultant William Pineo; The Energy Guys / Energy Economics' Gary Elovitz, and the school's project manager Steve Greenberg. They also thanked Elizabeth Jick of Zions Bank and the team at Sovereign Bank. They also thanked SASSDS parent David Maltz of FloorTech. The new facility more than doubles the school's previous space and has room for about 40% more students with expansion potential. Besides the new gym / performing arts center, the school includes a state-of-the-art science, music, art and drama facilities. A highlight is the Israel Arbeiter Interfaith Gallery of Understanding. There is plenty of parking and outdoor playground space. According to the director of institutional advancement Harry Bloom the school has raised $6.3 million, or 84% of its fundraising goal. The school also used proceeds from a MassDevelopment tax-exempt bond issue to aid with the purchase and renovation of the new campus.
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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