Charter Realty and David Adam Realty relocates Kemper-Gunn house
Charter Realty & Development along with David Adam Realty, has relocated the historic Kemper-Gunn house across the street to 35 Elm St., and renovations are now underway. The new location is a downtown location, steps from Main St. The house was relocated to make way for the $100 million Bedford Square development that is being built by Charter Realty and David Adam Realty across the street. There is 40 feet of frontage on Elm St. and is surrounded by a huge municipal parking lot. The team is excited to announce that a lease for 5,100 s/f has been signed by Serena & Lily for their northeast flagship store.
Serena & Lily is a home décor company whose products feature many different colors and patterns. Serena & Lily produce and supply original fabrics, bedding, bath, furniture, rugs, décor, art, gifts, and apparel.
In addition to the retail space, the Kemper-Gunn house has 1,400 s/f of office space that is currently available to lease.
New England’s notorious weather – from fierce winter storms to summer squalls and fall hurricanes – can leave businesses in the dark. While power outages are often blamed on storms, they can also be caused by unforeseen events like accidents or construction mishaps. While it’s impossible to prevent disasters and power outages entirely, proactive preparation can significantly minimize their impact on your commercial building.
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!
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 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