News: Connecticut

New Haven Hotel interior renovations nearly complete

Top-to-bottom interior renovations are nearly complete at the New Haven Hotel which is managed by the Newport Hotel Group of Middletown, R.I. The independent luxury hotel is located at 229 George St. in the heart of downtown New Haven and is located near Yale University, The Yale New Haven Hospital, and the Yale Medical Center. Pro Con Inc. is the architect and construction manager for the design-build hotel renovation project. The 7-story hotel features 118 guest rooms, a full service restaurant, fitness center, business center, guest laundry and flexible meeting space to accommodate up to 100 guests. As part of the renovation, the guest rooms, corridors and public spaces are being refreshed with new interior finishes, fixtures, and furniture. Upon completion, the 2,500 s/f lobby with its 18 ft. ceilings will feature custom porcelain tile flooring, imported wool carpets, and personalized individual seating groups with LCD televisions. Pro Con Inc.'s phased design-build schedule has enabled the hotel to remain fully operational during construction. The renovation began in late fall 2009 and will be complete in July 2010. Newport Hotel Group manages a collection of upscale hotels and resorts throughout New England including the Inn on the Square in Falmouth, Mass., the Hyannis Harbor Hotel in Hyannis, Mass., the North Conway Grand Hotel in North Conway, N.H. and the Newport Beach Hotel and Suites in Newport, R.I. This is one of several design-build hotel renovation projects Pro Con Inc. is currently managing including the $1.5 million renovation of the Sudbury Inn and Suites in Sudbury, Mass. and the Ashworth by the Sea hotel's $1 million renovation in Hampton Beach, N.H.
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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