News: Rhode Island

DiPrete Engineering provides permitting and engineering for 8,000 s/f

Brewed Awakenings' fifth and largest coffeehouse on Bald Hill Rd. is almost ready to open its doors. Located at the former Land Rover dealership, the 8,000 s/f space will seat 200 patrons with areas for large and small tables, a conference room, and an outdoor seating area with a heated patio. "This location includes several unique features and distinctive elements. The large space allowed us to be creative with the eating areas," said David Levesque, owner of Brewed Awakenings. "It's our second shop to have a drive-thru with two pull forward spots to keep cars moving along." The new location will service the area's heavily traveled shopping district from 5 a.m. to midnight. "We modified the traffic pattern and reconfigured the curb cuts to provide customers easy access to and from Rte. 2," said Nicole Reilly, senior project manager at DiPrete Engineering. DiPrete Engineering worked alongside Brewed Awakenings to provide permitting and engineering for the fifth location. The team collaborated to receive approvals from the city of Warwick. Brewed Awakenings' Warwick location will generate about 45 new jobs. The new location will begin operations this Fall. The Johnston-based company opened its first store about 18 years ago and has locations in Cranston, Wakefield, Johnston, and Cherry Hill.
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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

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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