In order to better serve clients throughout the New England region, Faithful+Gould opened a new location in Providence. Located at 151 Broadway in the historic Federal Hill neighborhood, the new office will be led by Walter Zaman, lead estimator, with oversight by Paul Male, senior vice president and director of Faithful+Gould's Boston office.
Zaman said that the addition of a Providence office will enable the firm to expand its presence throughout the region. "Faithful+Gould has worked with almost every college and university in New England, but the distance to Rhode Island and Connecticut in particular has been an obstacle," he said. "Having a base of operations in Providence will allow us to better serve our clients in those states and to target new opportunities."
Zaman will be joined in this move by project managers/cost estimators Ron Ricitelli and Robert Zaman, also formerly of the Boston office.
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 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!
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 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