News: Construction Design & Engineering

Gilbane's special project group completes new 3,500 s/f Citizen's Bank branch building

Gilbane's special projects group completed construction management services for a new 3,500 s/f model branch for Citizen's Bank. The building is a stand-alone brick facade facility within a new retail plaza. The bank, designed by idGroup of Boston, includes 6 teller stations, glass walled offices, a conference room and plasma screen televisions. Design elements create a welcoming atmosphere for customers. The new facility also includes a 24-hour ATM along with drive-up teller stations, a drive-up ATM and a night drop-off box. Challenges that could have delayed the project included the location of the new bank and severe winter weather. The construction team had only six feet of space to set up the rigging and scaffolding needed to install the glass and aluminum storefront. Winter weather extended into March and the team had to begin steel erection prior to the installation of the concrete walled vault. Once the steel was complete the team carefully maneuvered through the steel to set the concrete slabs in place for the vault. "Gilbane had a very hardworking and dedicated team that did whatever it took to make this project a success," said Greg Emerson, Gilbane's project manager. The project was completed on-time and within budget with no safety issues. The new branch opened to the public on August 17. Gilbane has worked on the construction and renovation of over 100 branch locations and several corporate offices for Citizens Bank throughout New England.
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Ask the Electrician:  How do I prepare my commercial building for a disaster?

Ask the Electrician: How do I prepare my commercial building for a disaster?

New England’s notorious weather – from fierce winter storms to summer squalls and fall hurricanes – can leave businesses in the dark. While power outages are often blamed on storms, they can also be caused by unforeseen events like accidents or construction mishaps. While it’s impossible to prevent disasters and power outages entirely, proactive preparation can significantly minimize their impact on your commercial building.
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