News: Rhode Island

Governor Chafee to honor Modern Design + Construction on May 11 - 80th anniversary

Governor Lincoln Chafee will honor Modern Design + Construction (MD+C) with a Gubernatorial Citation that commemorates MD+C's 80th anniversary for operating as a business in the State of Rhode Island. The Chafee will tour MD+C's Providence headquarters on May 11 and meet MD+C's skilled designers, engineers, and craftsmen. MD+C was established in Providencein 1932. The firm evolved in response to the market need for newly designed hospitality and retail stores following the repeal of Prohibition. Bold concepts called for one plan, one responsibility, and one price. Ned Capozzi, Jr., president and third generation of the founder, joined the firm in 1982 and expanded MD+C's focus to include high-end residential and corporate projects. MD+C is headquartered in a 50,000 s/f facility on 242 West Exchange St. MD+C employs 35 design and building professionals who collaborate on 25 major residential, corporate, healthcare, and hospitality projects annually. Capozzi said, "Our 80th anniversary as a R.I. business is a significant milestone and MD+C is honored to receive a Gubernatorial Citation from Gov. Chafee. When the Governor tours our Providence headquarters next month to meet the many talented Rhode Islanders who work here, he will follow in his father's footsteps. In the 1960s, my father and fellow employees proudly welcomed Governor John Chafee to MD+C's Providence headquarters." MD+C offers an integrated project delivery system to meet commercial and residential construction needs. This system moves away from the design-bid-build process and represents a return to the masterbuilder concept where the entire building team works collaboratively throughout the design and construction phases. Design/Build services are contracted through one entity for one unified flow of work. MD+C assumes full responsibility for projects with owners to assure efficient execution. MD+C approaches projects with a thorough understanding of the construction process. Their experienced team of designers, project managers, and craftsmen effectively manage all design and construction details. MD+C estimates construction costs and establishes schedules early in the design phase to provide owners with realistic construction budgets and firm completion dates. Their design + construct model brings together all the stakeholders — owners, architects, designers, project managers, subcontractors — to collaborate through all phases. MD+C's award-winning residential division combines architecture, construction, and landscaping into an integrated project. Their team acts as the single point of responsibility for exceptional owner-focused luxury home design and construction. Their residential capabilities include historic restorations, renovations, additions, and conservatories. For 80 years, they have worked on a variety of distinct properties, ranging from upscale townhomes in Boston to Shingle Style homes in Newport to high-rise apartments in Manhattan. MD+C's commercial division specializes in new facility construction and interior fit-outs. Their commercial portfolio includes the financial, healthcare, hospitality, and retail industries. MD+C's reputation for master cabinetmaking and architectural woodwork dates back nearly a century. Their manufactory equipped with state-of-the art machinery has produced exquisite fitted cabinetry and hand-joinery for many exclusive projects from the White House to the executive offices of Fortune 500 companies. Their cabinetmakers adhere to the Architectural Woodwork Institute's standards of excellence. MD+C seeks to be environmentally conscious and incorporates FSC harvested veneers and hardwoods.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
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