News: Retail

Konover Construction completes $3.4m construction of Ocean State Job Lot

Konover Construction Corp. has completed the newest store for Ocean State Job Lot, in the Meriden Parkade Shopping Center located at 1201 E. Main St. This is the very first time the popular discount retail chain has built a new store instead of renovating an existing one, as is typical. Ocean State Job Lot opened the new 30,000 s/f store in November. The highly detailed project took approximately six months to complete. Konover built the store from the ground up, demolishing two existing structures, as well as cleaning and grading a parcel of land that was adjacent to the existing Meriden Parkade center. The Ocean State Job Lot project was $1.7 million in construction cost and $1.7 million in site work. The company built a new entrance and 2.5 acre parking lot. The end of the new Ocean State Job Lot building is now joined to the existing shopping center.
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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