News: Connecticut

Ceebraid-Signal donates site to St. Luke's LifeWorks

A unique partnership forged between St. Luke's LifeWorks, a local nonprofit organization dedicated to providing support services and housing assistance to those facing homelessness, and Ceebraid-Signal, the developer of Stamford's Highgrove condominium, will result in up to 30 units of affordable housing for the city of Stamford. Ceebraid-Signal has donated the site of its current sales center for Highgrove, a .3-acre parcel of land on Summer St, appraised at $2 million, to St. Luke's LifeWorks. The nonprofit organization is using the land as collateral to raise the pre-development money it requires to move forward with plans to construct the affordable housing on property it currently owns in the south end of Stamford. In accordance with Stamford's regulations, Ceebraid-Signal was required to construct 22 units of affordable housing in the city after receiving approvals to construct Highgrove condominium at Forest and Grove Sts. Highgrove is an 18-story residential tower comprised of 93 condominiums designed by Robert A.M. Stern Architects. Through the partnership between Ceebraid-Signal and St. Luke's LifeWorks, plans to fulfill the city's affordable housing obligation exceed the minimum requirement of 22 units, with the expectation of constructing up to 30 units of off-site affordable housing. The partnership with Ceebraid-Signal could result in a 40% increase in the overall housing stock St. Luke's has available to it for permanent supportive housing.
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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

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