News: Owners Developers & Managers

Dellbrook|JKS completes The Caldwell - 10-story project in Lynn

Lynn, MA Dellbrook|JKS has completed The Caldwell, a 10-story, 250,000 s/f multifamily high rise with The Procopio Companies and architects DMS Design LLC. This is Dellbrook|JKS’ tallest completed project to date.

The Caldwell used a cast-in-place concrete foundation and podium along with the Infinity System which panelized load-bearing metal stud framing for the structure.

With LEED Platinum status, sustainability was a primary focus of The Caldwell which features rooftop gardens, on-site solar power production, and an energy-efficient automated stacker parking system.

“The Caldwell was the architect’s, owner’s, and general contractors first high-rise and Infinity structure, said Dellbrook|JKS project manager Tim Dann. “It provided a list of new challenges which we used as an opportunity to build a strong, collaborative, and communicative team. We carried this team mentality throughout the project with a single goal in mind: to provide an incredible product for the end users. The open communication, willingness to collaborate, and relationships built with The Procopio Companies and DMS helped drive the success of The Caldwell.”

The 259-unit development has studio, one-bedroom, one-bedroom plus den, and two-bedroom options with walk-in closets, floor-to-ceiling windows, and energy efficient appliances.

“The Caldwell, between its location in Lynn’s art district and proximity to transit, to its sustainable features and high-end finishes, is an attractive option for tenants in Greater Boston who are already moving in,” said Michael Procopio, vice president, development of The Procopio Cos. “We are grateful for the partnership of Dellbrook|JKS, DMS Design llc, CIT Bank, NA, Square Mile Capital, and the City of Lynn, which allowed our vision of creating a smart, large-scale transit-oriented residential experience to come to life.”

On-site amenities include first floor bike storage along with repair center, a rideshare lounge with live transit updates, and a gym with an interactive spin studio, rock climbing wall, and strength training equipment.

The sixth floor hosts a sports lounge with TV and game rooms, a mini market, brew bar, and community clubroom.

The Caldwell’s tenth floor features a rooftop pool deck with cabanas and fire pits, outdoor cooking and dining areas, and a sky lounge with views of the Boston skyline.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
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