News: Construction Design & Engineering

Dickinson Development completes 69,000 s/f Stop & Shop on old landfill site at Walkers Brook

Dickinson Development Corp. recently completed its third retail project in four years. A new 69,000 s/f Stop & Shop opened in September, occupying a five-acre parcel on Walkers Brook Dr., across from Dickinson's 480,000 s/f, $90 million Crossing at Walkers Brook retail center off Rte. 95 and I-128, home to Jordan's Furniture, Home Depot, Staples, Linens 'N' Things, and seven other retailers and restaurants. Dickinson's partners in the project were Pinnacle Partners of Braintree and Morris & Morse Co. of Boston. General contractor Pinncon LLC began the supermarket's site work last December. The site had been home for decades to the former Boston Stove Co. and more recently housed several warehousing tenants. "The success of Walkers Brook is having a 'snowball' effect on an area once seen as a no man's land because the predominant use was a closed dump and older industrial buildings," said Mark Dickinson, president of Dickinson Development. The project has created hundreds of new jobs and will provide a permanent stream of real estate taxes to Reading and income tax revenue to the commonwealth. "Just as important," said Dickinson, "we transformed a landfill into an attractive, productive destination retail site."
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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