News: Construction Design & Engineering

Lee Kennedy Co. selected for 300,000 s/f fit out

Lee Kennedy Co. will complete a 300,000 s/f fit out of the old Verizon building at 185 Franklin St. in a $40 million construction effort to help BrownBrothers Harriman consolidate its Boston contingent into one headquarters location. Lee Kennedy Co. will build out 12 floors of new office space in a scope of work includes open work stations, perimeter offices, trading areas with heavy tel-data requirements, a new conference center, training rooms, a full-service cafeteria and kitchen, an executive dining facility, atriums and interconnecting stairs. Lee Kennedy Co. has begun a three-month preconstruction process with design partners Habjan Architecture + Interior Design out of New York City and Boston-based Dyer Brown & Associates. Construction is slated to begin in November and final occupancy in August 2013. In addition to the size and scope of work, an added level of complexity comes from the need to repurpose a building originally constructed as a telecom outpost. The 65-year-old building has built in telecom infrastructure along with heavy switch gear and unique equipment that will need to be removed. Additional challenges include varying deck-to-deck heights on every floor and unreliable as-built drawings to help the entire team ascertain existing conditions. "We are excited to work with Brown Brothers Harriman again," said Scott Giles, vice president - interiors. "The project at 185 Franklin combines elements that play to our strengths as a team - preconstruction services, construction over multiple floors, interconnecting stairs and complex system infrastructure. It will be a fast-paced, rewarding project for the entire team."
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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