News: Owners Developers & Managers

Jewett Construction contracted by Nine Zero Washington, LLC for 24,000 s/f restoration and addition

Salem, MA New England developer, Nine Zero Washington, LLC is comprised of three partners, George Vernet, Kenneth Carpi and Thomas Carpi. The group had the opportunity to purchase and restore the property at 90 Washington St. They are no strangers to the town, all three have developed and managed commercial and residential investment property in town and the surrounding areas for the past 35 years. Vernet also owns the Tuckaway Tavern in Raymond, NH, which has quickly become one of New Hampshire’s most frequented and sought out dining experiences. Kenneth and Thomas Carpi have investments spanning the entire Eastern Coast of the United States and have concentrated a significant portion of their business in Salem. 

Jewett Construction has been contracted to perform a 24,000 s/f restoration and two-story addition to the property which will be the future location of the City of Salem Administrative offices (across the street from the existing Salem City Hall) with public meeting rooms. 

Craig Jewett, president of Jewett Construction, said, “Salem is a great, vibrant city with so much going on. We are privileged to have the opportunity to perform a historic renovation and create a new home for city of Salem employees.”

The project was designed by Winter Street Architects, and the design was created with a specific emphasis on preserving and restoring the historical features and character of the property. Construction is now underway and is expected to be completed during the upcoming winter. The neighboring businesses will remain open and operational throughout construction. 

Jewett Construction is a family-owned construction management company with a 45-year history in New England. Jewett specializes in commercial construction projects in the office, manufacturing, retail and automotive sectors. For more information, visit www.jewettconstruction.com.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
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