News: Construction Design & Engineering

Lee Kennedy Co. completes Old State House tower restoration

Lee Kennedy Co. celebrated the completion of the Old State House tower restoration with The Bostonian Society, representatives from the National Park Service and secretary of the interior Dirk Kempthorne at an official ribbon cutting ceremony. The ceremony marked the completion of a complex $1 million historical restoration of the tower atop the nearly 300-year-old building. Over a four-month period, the Lee Kennedy Co. team re-gilded the gold dome, restored the windows, applied new copper roofing and wood siding and performed other repairs to make the structure watertight. The team also re-gilded the original weather vane atop the tower, which dates back to 1713 when the Old State House was first constructed. This project is the contractor's second project at the Old State House following a masonry restoration in 2006. "Lee Kennedy Co. has been the ideal partner for this project," said Rainey Tisdale, director, Old State House Museum. "There were so many unknowns regarding the tower's condition. Their expertise in historical restorations, and the way they worked with us every step of the way to identify the best course of action has been a large part of the project's success." The tower restoration is the first construction project completed as part of the National Park Service Centennial Fund.
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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