News: Construction Design & Engineering

Marriott AC Hotel to be built at National Development's Station Landing

Medford's Station Landing development will be home to the first AC Hotel by Marriott to be built in the Boston area. At a briefing with the mayor Michael McGlynn at Medford City Hall, National Development managing partner, Ted Tye said that the 152-room, European-style boutique hotel is anticipated to start construction in late 2014. "A hotel has been part of the vision of Station Landing from the beginning," said Tye. "We waited until the area had developed to a level that supports a hotel that adds to our Station Landing brand." AC Hotels by Marriott are inspired by Marriott's European joint venture with AC Hotels and its founder AC Catalan which includes 79 properties in Spain, Italy, Portugal and France. The Station Landing hotel will be a select service hotel offering a bistro, bar and meeting spaces. Marriott calls the AC "stylish, urban, cosmopolitan and tailor-made for people looking for a new way of understanding, experiencing and feeling the city." The hotel will be the final building at Station Landing, which includes over 600 luxury residential units, stores and restaurants, office space and a Boston Sports Club. The nationally recognized 16-acre mixed-use development offers direct access to the MBTA's Wellington Station on the Orange Line. When completed, the hotel will replace an area currently used for surfaces parking. "The Station Landing area has become one of the hottest real estate locations in Boston," said Tye. "In addition to all of the activity at Station Landing, there has been incredible growth in adjacent Somerville and planned growth for Everett. We are close to Boston and Logan International Airport, all of which make this a sought after hotel location."
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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