August 9th marked a milestone in the T.F. Green Airport Terminal Improvement Project (TIP) with the official opening of two new passenger deplaning ramps that will lead arriving passengers from the second floor concourse area down to the first floor baggage claim area and terminal exit. The event was an important step in the $83.5 million project aimed to improve security procedures, enhance concessions, minimize congestion and ease circulation.
Terminal improvements will continue through year's end with the relocation of the In-Line Explosive Detection System (EDS) Baggage Handling System from the centrally located lobby to a new area behind the scenes.
In the final installment of the project, new restaurants and shops are scheduled to open this winter on both levels and in both pre-security and post-security areas. New dining and shopping options include Starbucks, Borders, Providence Oyster Bar, Johnny Rockets, and Brooks Brothers.
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 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!
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 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