News: Construction Design & Engineering

Metric Construction converts mill building into 70,000 s/f Heywood Wakefield 3 assisted living facility

Metric Construction has completed Heywood Wakefield 3. Metric provided full service construction management and general construction for the newest assisted living facility. Working with Architect, Henry Schadler Associates, Worcester Community Housing Resources and Commonweal Collaborative, Metric provided the necessary expertise to convert a vacant mill building into 70,000 s/f of finished space including 78-units of housing, a commercial kitchen, dining room, library, wellness facility, and other common areas to service the daily living needs of the residents. Congressman John Olver spent the better part of ten years working to secure funding to assist with the financing of the much anticipated project in downtown Gardner. Heywood Wakefield 3 provides100% affordable, assisted living residences and a facility to service the daily living needs of area seniors. The units were constructed in a portion of the historic Heywood Wakefield furniture manufacturing facility. The housing consisted of studio apartments and the complex offers extensive common areas. Residents will also have the added benefit of receiving assistance with activities of daily living and housekeeping. The complex is conveniently located within walking distance to amenities in the town, including the central business district, library, municipal services, and medical/hospital facilities.
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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