News: Northern New England

North Branch Const. completes $5 million Squamscott Block project for New England Workforce Housing, LLC

North Branch Construction has completed construction of the new $5 million Squamscott Block several weeks ahead of the contract schedule. North Branch Const. served as construction manager for the project, which is owned by the New England Workforce Housing, LLC. The new building is located on Water St. in downtown Exeter at the site of a former parking lot. Due to the location of the property (abutting a bank on one side, town hall on the other and a church behind), the construction was completed in three phases. Phasing of the project was designed to keep the abutting bank in full operation during construction. With the construction nestled between buildings in downtown Exeter, a helical shoring system was used so foundations could be dug and poured without affecting the nearby buildings. Using the helical shoring system, the foundation excavation was dug in stages. The helical shafts were screwed into the soil and a large washer placed over the shaft. A layer of shoring fabric was installed over the washer with an additional washer anchored in place to secure the fabric in place. Once this layer was secure, the next level would be dug and anchored. With the foundations complete, the helical shoring system remained in place, buried with the foundation backfill. The new four-story, 32,600 s/f building includes 2,600 s/f of retail space on the first floor and 30 mixed-income apartment units on the remaining three floors with a structural steel and concrete parking deck. The building was designed by Archetype, PA of Portland to fit in with existing structures in the area, with brick veneer and precast concrete, and was designed to meet Energy Star standards for mixed market rate and subsidized rate apartments. North Branch Const., one of the largest construction firms in the state of New Hampshire, has been serving the commercial and residential needs of its clientele since 1958. Recent projects include the Summer Dining Hall renovations project at the UNH in Durham, the new 36,300 s/f Aerohex Aircraft Hangar at the Manchester-Boston Regional Airport in Manchester and major HVAC upgrades and re-roofing project at the N.H. Community Technical College at Pease Tradeport in Portsmouth.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
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