News: Rhode Island

Integrated Builders completes site work for Shops at Quonset Point

Integrated Builders recently completed the site work for the 25-acre The Shops at Quonset Point and built the 80,000 s/f Outside Air Center, which houses Dave's Marketplace grocery store. In addition, Integrated Bldrs. completed tenant fit ups for Super Cuts and Hollywood Nails at the mixed-use office and retail complex whose first phase development has been recently completed. As part of an $80 million master development plan, The Shops at Quonset Point is being developed by New Boston Fund's Urban Strategy America Fund, an investment fund that executes on the promise of a triple bottom line, generating solid returns to investors, spurring economic development, and promoting environmental sustainability. The first phase of the project consisted of 200,000 s/f of space, including 160,000 s/f of retail and 40,000 s/f of office space. Integrated Bldrs. was responsible for all site development, utility infrastructure, Kohl's pad and utilities and construction of the 80,000 s/f Outside Air Center, which also included a shell for a 25,000 s/f Dave's Marketplace grocery store. The entire development, when completed, is expected to have a limited-service hotel, a visitor's center, drug store, coffee shop, restaurants, a bank, small shops, and two anchor stores. The design incorporates innovative, sustainable elements such as use of recycled materials, and other environmentally friendly strategies. "We're very pleased to have completed this exciting project," said Jay Dacey, president of Integrated Builders. "It's a top-notch, mixed-used development project in Rhode Island." Architect for the project was Bergmeyer Associates, Inc. Other members of the project team included civil engineer: Vanasse Hangen Brustlin, Inc.; structural engineer: ODEH Engineers, Inc., and MEP engineer: AHA Consulting Engineers, Inc.
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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