News: Construction Design & Engineering

Churchill & Banks completes site work for 50,000 s/f Stop & Shop Supermarket ground lease

After 20 weeks of site work at the former Warwick Nurseries location on Warwick Ave., Churchill & Banks has completed site preparation and infrastructure installation on a 7.79 acre parcel for a new 50,000 s/f Stop & Shop Supermarket to be opened this year. Site activities included demolition of existing structures, environmental and geotechnical remediation, installation of all new utilities and infrastructure, and construction of an 1,100 foot, 20 foot high retaining wall. "We started working on this development for Super Stop & Shop in 2001. A decade later, through the most difficult economy since the great depression, we have finally persevered. Stop and Shop will open this summer and serve the only market in Rhode Island which they didn't have a presence," said Richard Baccari II, executive vice president of development Churchill & Banks The new supermarket is the 26th venture during a 25 year relationship between Churchill & Banks, a real estate development, construction, and property management firm in Providence and The Stop & Shop Supermarket Co. of Quincy, Mass. J. H. Lynch & Sons Inc. was the site contractor; site and civil engineering was performed by DiPrete Engineering Associates, Inc.; and construction financing was provided by Rockland Trust.
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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