News: Construction Design & Engineering

National Dev. selects Maugel for NEEP upgrades

Maugel Architects has been selected by National Development to design façade improvements and common area transformations for five buildings at New England Executive Park. Maugel's conceptual designs aligned well with National Development's vision of creating a vibrant, cohesive pedestrian environment which will integrate new retail uses into the campus. Maugel brought the vision to life with conceptual illustrations generated in just a few weeks. Andrew Gallinaro of National Development is managing the repositioning of the park. Andrew and his team of Allan Luciw and David Costello have a clear vision for the new look and feel of the campus which will feature new restaurants and amenities. Maugel's work will include new entries and lobby renovations at five buildings and a complete renovation of the popular Rebecca's Café. The expanded café will serve as the center piece of outdoor activities. The redesigned outdoor amenities will feature a new dining plaza and a formal park organized around pedestrian paths. "We want the experience of the people employed at New England Executive Park to be second to none with an active vibe fueled by the exciting new restaurants, amenities and services, and upgraded building common areas," said Brent Maugel, president of Maugel Architects. "We are very excited to be teaming with National Development on these transformative renovations." The project team expects the major work to begin this spring and to be completed by the fall. Celebrating over twenty years of design excellence, Maugel Architects has been providing commercial architectural, space planning, and interior design services to Boston area clients since 1993. To date, Maugel has designed over twenty million square feet of commercial real estate representing nearly $3 billion in construction throughout New England.
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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