News: Financial Digest

Maugel DeStefano Architects designs new bank branch for Milford Federal Bank

Milford, MA Maugel DeStefano Architects has begun construction on a new Milford Federal Bank branch located at 67 Medway Rd. 

Sited on the high visibility corner of Medway and Branch Sts., the ground-up construction features a large open concept public banking area with exposed structure, individual banking pods, private lender and manager offices, a conference room, and an employee break room. The design concept marries the welcoming experience of being at home – familiar to long-standing members – with a fresh, innovative aesthetic to attract new members. Exterior features include a walk-up ATM in the main vestibule, canopied drive-up teller locations, and a monumental sign with a flagpole and seating area.

“Milford Federal’s thoughtful team took great care to create a modern banking environment that reflects the bank’s brand and vision,” said Sarah Cormier, project manager at Maugel DeStefano Architects. “The end result is a welcoming space that provides all the modern banking amenities while retaining the friendly, family-like culture cherished by all clients – both long-time and new.”

In addition to Milford Federal and Maugel DeStefano Architects, team members include Lobisser & Ferreira, general contractor; BLW, MEP/FP; TFMoran, structural; and Allen Engineering, civil. 

Construction completion is scheduled for the end of 2023. 

Celebrating 30 years, Maugel DeStefano Architects shapes exceptional spaces and creates environments for innovation and growth. Their designs come to life in millions of s/f of commercial and residential real estate throughout New England for a wide range of clients and industries, including commercial, multifamily, healthcare, science and advanced technology, industrial, and residential.

MORE FROM Financial Digest

Preservation of Affordable Housing secures $23.5 million in financing from Rockland Trust and Citizens Bank

Cambridge, MA The nonprofit Preservation of Affordable Housing (POAH) has secured $23.5 million in financing from Rockland Trust and Citizens Bank to transform a 150-year-old, underutilized church complex into housing. The project will ultimately create 46 affordable family-sized apartments.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Conn. hospitality market: A technical appraisal perspective on market dynamics and valuation challenges (2019-2025)

Conn. hospitality market: A technical appraisal perspective on market dynamics and valuation challenges (2019-2025)

The Connecticut hospitality market has demonstrated uneven recovery patterns between 2019 and 2025, with boutique and historic properties achieving $125 RevPAR in 2025, up 8.7% from the 2019 level. Coastal resort properties achieved a $105 RevPAR in 2025, representing 10.5% growth since 2019. Casino corridor properties maintained modest growth with RevPAR improving 4.5% to $92 in 2025.
Examples of investors who used Kay Properties for legacy and estate planning purposes for rental property/portfolios - by Dwight Kay

Examples of investors who used Kay Properties for legacy and estate planning purposes for rental property/portfolios - by Dwight Kay

Preserving wealth across multiple generations requires strategic planning, foresight, and the right investment vehicles. Delaware Statutory Trusts (DSTs) offer a powerful solution for families looking to build and protect their financial legacy and to efficiently plan for their estate.