News: Construction Design & Engineering

Dhanda completes development of $14 million, 5-story 1075 Mass. Ave. mixed-use project

Six months ago 1075 Mass. Ave. in Harvard Sq. consisted of dirt, concrete and steel beams. But by Labor Day, developer Raj Dhanda had changed the site into a 5-story 33,648 s/f residential and retail building at the intersection of Mass. Ave. and Mount Auburn St. The 20 residential units featuring sub-zero refrigerators, Viking stoves, Bosch dishwashers, Lutron light controls and automatic shades have been sold. The building also features two affordable units. The lobby has a chandelier by one of Europe's best-known designers. A roof top garden features deck and custom made benches made of Ipe, a Brazilian wood with embedded led lighting. Two of the four ground floor retail units have been leased to Neenas Lighting and Kartell Furniture. Dhanda was involved in every aspect of the project: permitting, neighborhood meetings, construction, finishes, colors and tenant selection. The contractor was Callahan Const., the architect was Peter Quinn Architects and the building owner is Sundance at Harvard Holdings LLC. The total project cost, including acquisition, construction and soft cost, was $14 million.
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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