News: Construction Design & Engineering

Mattapan Community Health Center raising funds to build 50,000 s/f facility; designed to achieve LEED Silver

Mattapan Community Health Center (MCHC) is nearing the first closing on a land acquisition that will bring a $32 million health facility to the neighborhood. With the completion of the agreement, MCHC now owns 6 of the 8 parcels of land on Blue Hill Ave. where the new center will be build. The remaining parcels are expected to close this month. A ground breaking is scheduled for September 10th. MCHC has put together, through financing and philanthropy, $30 million of the $32 million project goal. The new center is expected to create 150 new jobs. Funding for the new MCHC facility has come from four sources: ARRA funds (stimulus funds already awarded), loans, New Markets Tax Credit Equity and philanthropy. Launched earlier this year, the campaign to generate philanthropic support for the new Mattapan Community Health Center facility has already borne fruit. To date, MCHC has raised more than $9 million or 75% toward its philanthropic goal of $12 million. Key contributions have been secured from the Boston Medical Center, Blue Cross Blue Shield, Partners HealthCare, Greg Bulger, Richard Slifka, Children's Hospital Boston, Denise and Bill Finard, The Smith Family Foundation, the State Street Foundation and Massachusetts General Hospital. The 50,000 s/f building will allow MCHC to double the number of patients it serves and triple patient visits. The new development has been designed to achieve a LEED Silver rating and has applied to the United States Green Building Council (USGBC) for certification. The design incorporates many green and sustainable features such as the use of recycled and regional materials, energy efficient HVAC and lighting systems and a green roof.
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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