Lila Delman R.E. wins Doris Duke Historic Preservation Award
Lila Delman Real Estate was a recipient of the one of three of the first annual Doris Duke Historic Preservation Awards, given by the Newport Restoration Foundation. President Melanie Delman accepted the award, conferred for the Lila Delman Real Estate office, located at 3 Memorial Blvd., recognizing the building's restoration for its successful integration of a contemporary business into a restored historic building. The ceremony was held September 14 at Rough Point, the former home of Doris Duke, where over 200 guests attended a cocktail reception. The awards were given by theNewport Restoration Foundation (NRF) and the city of Newport to celebrate local excellence in historic preservation, and were presented by Pieter Roos, NRF's executive director, and were made possible in part by a generous grant from BankNewport
Honoree Noreen Drexel received the Distinguished Stewardship award for her strong commitment to philanthropy and preservation in Newport for more than half a century. In her acceptance comments, Drexel fondly recalled her friend, the late Doris Duke, as both a champion of preservation in Newport and as an animal lover. Three other awards were given to recognize distinctive projects that have contributed to preserving the historic fabric of Newport. The Redwood Library & Athenaeum was honored for its recent project that involved rehabilitation as well as new construction on this National Historic Landmark site. Nicholas Scheetz received an award for his restoration of 40 Division St., which incorporated modern conveniences into an 18th century single-family home while respecting its historic significance, and the Lila Delman Real Estate office.
Each recipient received The Doris Duke Award, a sea-colored, Egyptian Revival glass column, mounted on an inscribed bronze base, designed and handcrafted by Rhode Island artist Steven Easton. In recognition of their contribution to historic preservation, honorees also received a citation from the state of Rhode Island, signed by governor Donald Carcieri, a citationfrom congressman Kennedy, and a proclamation from the city of Newport.
All proceeds from this event will go directly to grants to be made by the newly instituted Doris Duke Fund for Historic Preservation. While the NRF has given grants to small preservation projects, the establishment of this fund will enhance the NRF's ability to support preservation.
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