News: Construction Design & Engineering

Lee Kennedy Co. awarded $10m Wheelock College dorm project

Lee Kennedy Co. has been awarded a $10 million residence hall renovation at Wheelock College. The fast-track project began early this month after a short preconstruction period. Working with DiMella Shaffer in a design/ build capacity, Lee Kennedy Co. will complete the project on an aggressive 29-week schedule to accommodate student move-in for the fall semester. Lee Kennedy Co. will perform a full gut rehab and expansion of the existing four-floor residence hall to increase student capacity to 128 beds over 31,000 s/f The team will complete extensive structural upgrades, infill the rear of the building and install new MEP systems, finishes and an elevator. Exterior work will include selective masonry repairs and the installation of all new windows in addition to utility upgrades and the creation of new walkways. Situated on a tight site along the Riverway, strict logistical considerations will be required to ensure the safety of staff and students, minimize construction impact on campus operations and coordinate timely material deliveries. The Riverway House renovation marks Lee Kennedy Co.'s first partnership with Wheelock College and the continuation of a long relationship with DiMella Shaffer. The two firms are currently working together on another full-scale renovation at Boston College. The Wheelock College project is just the latest addition to Lee Kennedy Co.'s extensive academic portfolio. The Riverway House joins other current projects including the Simmons College School of Management, Harvard University's Weld Hill Research & Administration Building and the architecture department renovation at MIT, among others.
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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