Maguire, GZA, GRA, Garofalo and Aldinger start TIGER projects
Earlier this year R.I.s congressional delegation, with Sen. Jack Reed taking the lead, worked to secure $22 million in federal stimulus grant funds for Quonset. These grants will lay the foundation for the next wave of growth at the Business Park with major federal investments in infrastructure.
Five engineering firms from Rhode Island are now getting to work on projects funded by the TIGER (Transportation Investment Generating Economic Recovery) grant. They are the Maguire Group, GZA, Garofalo & Associates, GRA Engineering and Paul Aldinger & Associates. Initial designs have been submitted for Terminals 4 and 5 at the Port of Davisville as well as for road improvements there. Materials are due to arrive for the railroad improvement portion of the grant any day, with construction beginning this month.
The Romano Vineyard Way Bridge, another important infrastructure project funded by federal recovery funds, is 65% complete and ahead of schedule.
"All these projects are providing construction jobs today and are laying the groundwork for a wide variety of new jobs in the future," said Steven King, P.E., QDC's managing director. "We are grateful for the on-going support of senator Reed and the congressional delegation, which have made these investments possible."
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