News: Construction Design & Engineering

JK Scanlan breaks ground on bank branch at Rosebrook Place: mixed-use wareham project owned by A.D. Makepeace Co.

Groundbreaking ceremonies were held recently at the Cape Cod Five Cents Savings Bank building, the first structure in Rosebrook Place. The building will house Cape Cod 5's first off-Cape full-service branch. The 12,000 s/f building will also house a coffee shop and office space. The bank building at Rosebrook Place was designed by Brown Lindquist Fenuccio & Raber Architects and construction is by JK Scanlan Company. A.D. Makepeace president and CEO Michael Hogan was joined at the ceremony by Dorothy Savarese, president and CEO of the Cape Cod Five, state rep. Susan Williams Gifford, and Wareham selectman chairman Peter Teitelbaum.. "The Cape Cod 5 team, led by Savarese, understands the opportunities that this untapped market presents," Hogan said. "We envision Rosebrook Place as a unique mixed use development whose highway access makes it very appealing. The result will complement existing businesses in the area and create a true hospitality and shopping destination." "We are so excited about our opportunity to serve the customers and communities around the wonderful new Rosebrook development," said Savarese. "As a locally owned and managed business, the A.D. Makepeace Company shares our values and commitment, and we hope to support their efforts to increase economic activity, and create new jobs and amenities in the area." Site work at this location is being done by KR Rezendes Inc. and will include parking and access to the new TownePlace Suites by Marriott, to be built by the Lafrance Hospitality Group. Among the qualities of the Rosebrook development is the active cranberry bog located between Rosebrook Place and Rosebrook Business Park. The first building of the business park is occupied by Southcoast Health System and Fresenius Medical Care. About the A.D. Makepeace Company The A.D. Makepeace Company is one of the world's largest cranberry growers, the largest private property owner in eastern Massachusetts, and a recognized leader in environmentally responsible land development and stewardship. About The Cape Cod Five Cents Savings Bank Founded in 1855, The Cape Cod Five Cents Savings Bank is an independent state-chartered savings bank with over $2 billion in assets. Through its 22 offices, The Cape Cod Five offers a broad range of financial products and services to customers living on the Cape and Islands and surrounding areas. Services include consumer and commercial banking products; residential mortgages; investment management and trust services.
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