News: Rhode Island

HDS Archt. and Aspen Group develop 64-unit Allen St. Lofts

HDS Architecture and The Aspen Group have developed the $10 million. Allen St. Lofts, a 64-unit condominium complex at two former mill buildings. Pascack Builders is the general contractor and Essex Properties is the exclusive leasing agent. "The Allen St. Lofts will be an integral part of the renaissance of downtown Woonsocket," said Hans Strauch, AIA, principal of HDS Architecture. The project includes one-bedroom and two-bedroom condominiums, ranging in size from 750 to 1,400 s/f, and a landscaped river walk. There will be three buildings: * The Landing houses the common multi-purpose meeting room and a great room for social gatherings in addition to 36 one and two-bedroom condominiums. * Canal House accommodates 16 one and two-bedroom loft-style condominiums. * Gate House will be a newly constructed three-story building with 12 one and two-bedroom condominiums. Construction on this building will begin in 2008. Of the 52 condominiums within the existing two buildings, 62% are sold or under agreement. Located along the banks of the Blackstone River, the Allen St. Lofts are housed in the 42,000 s/f former Sydney Worsted Co. Mill, built in 1910, and the 18,000 s/f E.P. Herbert Knitting Mill, built in 1922.
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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