News: Owners Developers & Managers

Northbridge Co. completes first phase of Stafford Hill Asst. Living

The Northbridge Companies, celebrated the opening of Stafford Hill Assisted Living, an 85 apartment assisted living and memory care community for seniors. The community opened on November 5th, at 55% reserved. Located at 60 Stafford St., Stafford Hill is the first assisted living community to open on the South Shore in at least 7 years. Taking advantage of the latest technology and design considerations, the physical and operational makeup of the community was derived from Northbridge's SeniorGreen Program, environmentally sound initiatives such as energy and water conservation, recycling, and utilization of renewable resources. Northbridge has also instituted The S.T.A.R. Program (Sharp Thinking Active Residents), a comprehensive activity program for residents and well as The Brain Gym, a suite of innovative software and behavioral programs to enhance cognitive well-being of the residents. "Our market research has shown that Stafford Hill is viewed as the next generation of assisted living by professionals and caregivers on the South Shore", said Wendy Nowokunski, partner at The Northbridge Co. "Our building and programmatic design is not just new, it's unmatched in the marketplace which translates to value in quality of life for seniors and their families. We are very proud to bring Stafford Hill to the South Shore." Stafford Hill Assisted Living is the first of a two-phase senior living campus which the Northbridge Companies is developing. The second phase, set to begin construction in early 2008 is The Residences at Stafford Hill, an independent living building of 48 apartments located adjacent to the assisted living building. The campus will serve as a residential setting for seniors offering a full continuum of care.
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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.
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