Konover chosen as CM for 3 retail units at DC USA; a $140m project
The Columbia Heights neighborhood of the nation's capital is undergoing an era of exciting revitalization in shopping, entertainment and housing - led by the DC USA retail project. Konover Construction Corp.has been selected as construction manager for three stores within this 546,000 s/f, $140 million, multi-floor interior mall.
Konover Const. has begun work on: a 32,000 s/f Best Buy, a 32,000 s/f Bed, Bath and Beyond, and a 25,000 s/f Marshalls.
Future plans include a Mattress Discounters, Staples office supply, Vitamin Shoppe and Quizno's sub shop. All work is scheduled to be completed in early winter for the official March 2008 opening of the mega-complex.
This is a highly detailed project involving many construction companies working simultaneously to meet the same completion date. Konover Construction is working closely with the building's owners to coordinate their needs to complete the seven retail shops on schedule.
"Each time we complete a retail project, we know we are creating a structure that will help serve the needs of the community," said Mike Kolakowski, president and chief executive officer of Konover Construction Corp.. "With DC USA, we are also taking part in an historic revitalization project that is actually transforming a neighborhood. It is rewarding to know our dedicated team of construction managers and workers is involved in this important - and beautiful - project."
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