Coastal Partners completes 119,000 s/f BJ's wholesale club
Coastal Partners has completed development of the 119,000 s/f, free standing BJ's Wholesale Club, with gasoline facility, at the Ward Hill Office Park. The BJ's had a successful grand opening August 3rd which included state and local officials and BJ's senior management and staff to celebrate.
BJ's new property is located on a fourteen acre parcel immediately off Rte. 495 at the intersection of the Rte. 125 connector and Shelley Rd. The development plan included raising an existing 175,000 s/f industrial building, install a new drainage system, upgrade the wetlands, and erect a new 119,000 s/f prototypical BJ's with their signature New England facade with retail gas and propane facility. In addition to the BJ's Development Coastal Partners worked with Mass. Hwy. to widen Shelley Rd. to accommodate designated access and turning lanes and installed new signal mast arms throughout the Rte. 125 / Shelley Rd. intersection.
BJ's Haverhill development team includes; RJ O'Connell providing civil engineering; Cubellis Associates architectural/mechanical/structural; Vanasse Associates traffic; Masterson Construction site contractors and Metric Construction with construction lending by KeyBank National.
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 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