News: Construction Design & Engineering

Congress Building named construction manager for Atria Ridgefield

Ridgefield, CT Formation Development Group has selected Congress Building Corp. as construction manager for its 82,000 s/f 86-unit assisted living and memory care community. Atria Ridgefield will be operated by Atria Senior Living. This is the sixth project between Atria and Formation, and the first in Fairfield County. The architect is PRDG. Faulkner Design Group is the interior designer. The civil engineer is CAA.

William Nicholson, CEO of Congress Building said “We are excited to have been selected for this project and are honored to work with Formation Development.”

Congress worked with PRDG and Formation Development to guide the project through the preconstruction and construction phases. Congress delivered preconstruction and construction phase scheduling, line item budgeting, value engineering, cost estimating, and evaluations of alternative building systems options.

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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