News: Owners Developers & Managers

Herbert Newman and Partners named master planner for $100m revitalization project

Herbert S. Newman and Partners, PC has been selected by the Stamford Housing Authority as the master planner and architect for the design of 350 new residential units for low- and moderate-income working families and for market-rate households. The long-term, multi-site program will be constructed in several phases over the next six years at an estimated cost of $100 million. The first phase, a 50-unit site located at 58 Progress Dr., is now underway. The Vidal Court revitalization plan calls for the replacement of 216 units in existing six-story apartment buildings with new townhouses. When Vidal Court is complete it will be a crucial actor in transforming the city's entire Westside neighborhood into a stable, economically balanced community. A master plan for Vidal Court was developed by Herbert Newman and Partners in collaboration with Johnson Jones Architects. In addition to architectural design, Newman and Partners will continue as the coordinating planning architect for the duration of the project. According to partner Joseph Schiffer, AIA, in charge of the Vidal project for Newman, "the townhouse building designs will be of a quality that more than meets the living needs of the residents while also addressing their deep desire to have a home, which is in the spirit of the best of American domestic architecture. By incorporating the recognized community-building principles of New Urbanism and defensible space, concepts which combine the creation of safe pedestrian-friendly streets and public spaces, the new Vidal Court will be a model for the renewal of much of the residential urban fabric of Connecticut's inner cities." Demolition of all existing buildings will occur in phases as residents are relocated into their new homes.
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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