News: Construction Design & Engineering

HMFH designs Boston Renaissance Charter School's new 97,000 s/f

The Boston Renaissance Charter Public School broke ground on a $40 million, 97,000 s/f school building at 1415 Hyde Park Ave. The charter school will restore a 70,000 s/f heavy timber and masonry mill building built in 1889, and a 21,000 s/f 1974 metal siding and concrete block warehouse building, as well as a 15,000 sf addition. HMFH is designing a LEED certifiable renovation of two buildings. The mill building will house classrooms and the warehouse will house the library, gymnasium, music rooms and cafeteria. A new 16,000 s/f addition will connect the two buildings and include administrative space and classrooms. The new school is being financed with the proceeds from the sale of 100 Arlington St. to developer Dean Stratouly for $45 million last year and a loan from Century Bank. It also received $5 million in Qualified Zone Academy Bonds, and $11.6 million in tax-exempt bond financing issued by the Boston Industrial Development Financing Authority.
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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