News: Construction Design & Engineering

Essex Builders completes 25,000 s/f mixed-use project for Just-A-Start Corp.

Essex Builders Corp. has completed construction of the $3.9 million Elm Place at 1066 Cambridge St. for Just-A-Start Corp. This 25,000 s/f, four-story building includes 19 affordable apartments with select retail space at street level. The design by VMY Vitols Architects includes a 24 kilowatt solar power plant, and is expected to be awarded LEED Gold certification. Leases have already been signed for 15 units with the remaining four close to being finalized. Interest exceeded what was available and Just-A-Start has had to close the wait-list. A ribbon cutting ceremony was held on June 23. "The current economic climate underscores the importance of seeking competitive construction services," said David O'Neil, president of Essex Builders. The Just-A-Start non-profit program continues to flourish, providing affordable housing solutions to Cambridge residents and surrounding communities. Elm Place brings their completed project totals to: 561 rental apartments; and 120 condominiums with financing specifically structured for first time home buyers.
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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