JHR Development, LLC receives the Business of the Year Award from Southern Midcoast Maine Chamber of Commerce
JHR Development, LLC, with over 350,000 s/f of developed space in the region, was honored by the Southern Midcoast Maine Chamber of Commerce with their Business of the Year Award. The Chamber, which serves more than 600 area businesses in 16 communities, chose JHR based on rigorous criteria.
JHR became part of the local business landscape in 2007 as Brunswick, Maine's "real estate developer of choice" for Brunswick Station, a 5-acre, mixed-use development on Amtrak's Downeaster line. The multimodal project, adjacent to Bowdoin College, created momentum that has led JHR to develop the 52-room Brunswick Hotel & Tavern, a 200,000 s/f property that is home to Paradigm Windows and AdvancePierre Foods, and a 36,000 s/f renovation of a former naval commissary in Topsham recently sold to Wicked Joe Coffee.
Presently, JHR is building a medical center for Mid Coast Hospital in Bath, Maine. In Massa., JHR won an RFP bid to work with Northshore Education Consortium of Beverly to redevelop a 35,000 s/f school for children and adolescents with special needs. The school is slated to open this summer.
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 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!
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 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