News: Spotlights

Master plan and green design rejuvenates community

Once a blighted South Boston housing development, Phase One of the new Homes at Old Colony were reborn as an award-winning, super-green LEED Platinum certified community. Stemming from a grant for "environmentally sustainable public-housing transformation" given three years ago by the U.S. Department of Housing and Urban Development through the American Recovery and Reinvestment Act , Old Colony demonstrates how proper master planning and green building practices enliven communities that have obsolete, unsafe housing projects. Completed in December 2011, the revitalized development provides 116 affordable multifamily units, and a 10,000 s/f learning center. According to Michael Binette, AIA, principal at The Architectural Team, Old Colony was among the most physically distressed developments in the Boston Housing Authority's (BHA) portfolio. "This redevelopment does more than merely rejuvenate a large Boston site. It introduces ambitious green-building and energy-efficiency measures, and serves as a catalyst for neighborhood revitalization," said Binette. Old Colony achieved LEED Platinum certification for both the townhouse and midrise buildings. The Joseph M. Tierney Learning Center achieved LEED-NC Gold status. Planning for Old Colony began in 2009 with the BHA and master planner Chan Krieger NBBJ. Later that year, BHA engaged Beacon Communities as developer and TAT as master planner and architect. The master planning and design focus was to create unity between the new Old Colony community and its surrounding South Boston neighborhood. Beacon Communities Development LLC: owner Boston Housing Authority: owner The Architectural Team: architect Suffolk Construction: contractor New Ecology: LEED consultant HW Moore Associates: civil engineer Petersen Engineering: M/E/P engineer Odeh Engineers: structural engineer Beacon Concepts: interior design Stantec landscape: architect Medicine Wheel Productions: art consultant
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Columns and Thought Leadership
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