News: Construction Design & Engineering

J. Calnan & Associates and Anchor Line Partners celebrate topping off at 245 Fifth Ave. development

Waltham, MA J. Calnan & Associates (JC&A), a leading construction management firm specializing in world-class preconstruction services and challenging construction projects, has completed the topping-off ceremony at 245 Fifth Ave. Mayor Jeannette McCarthy, city officials, and project partners such as Anchor Line Partners, Northwood Investors, Perkins & Will, McNamara Salvia, NV5, Paul Finger and Associates, and sub-contractors, joined JC&A in commemorating the placement of the final steel beam on Tuesday, June 27th.

This milestone marks a step forward in the development of 245 Fifth Ave. Upon completion, this ground-up project will encompass an impressive 262,000 s/f, featuring six floors of cutting-edge lab and office space, along with three levels of underground parking.

Jay Calnan, CEO of JC&A, said, “As a prominent player in the life sciences market of the Northeast, JC&A is honored to be entrusted with this high-profile project. We take great pride in the relationships we have built, and the team of experts dedicated to delivering exceptional results.”

Reflecting on the event’s importance, Dan Charest, partner at JC&A and project executive at 245 Fifth Ave., said, “This milestone represents a remarkable achievement for 245 Fifth Ave., made possible by the unwavering support of the city of Waltham and the collective effort of every project and subcontractor partner. While we pause to celebrate this milestone, our focus remains on the next accomplishment.”

The property itself boasts an array of features, including 227,000 s/f of future lab space with 42,000 s/f floorplates. Additionally, there will be 18,000 s/f of amenity space, a food truck hall, and flexible space.

JC&A extends its gratitude to all subcontractors and partners who have played a vital role in laying the foundation and groundwork for this project. The company eagerly anticipates the continued progress of this endeavor as it moves closer to completion. 

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