News: Connecticut

Palmer Hill hosts groundbreaking ceremony for second phase development

Palmer Hill Partners recently broke ground on the second phase of construction at Palmer Hill, Stamford's premier luxury new community. More than 70 prospective homeowners toured select model residences and the site for Phase Two, which will feature 16 new townhomes with various layouts and 27 garden condominiums in the new South Building. These condominiums will include a newly designed Chestnut loft floor plan with more than 2,000 s/f of living space. "We have seen renewed energy among potential home buyers this spring selling season, and are pleased to unveil these new townhome and condominium residences," said Bill McGuinness, a partner of Palmer Hill Partners. "Prospective buyers have expressed interest in both the variety of home options available at Palmer Hill and the unique amenities offered at the community." Ideally situated in the heart of lower Fairfield County, where Old Greenwich meets Stamford, Palmer Hill is an award-winning community set on nearly 20 acres of park-like landscaped grounds and conservation areas and is designed in the traditional architectural style of coastal New England. The private, gated community features 195 residences, including 114 townhomes and 81 condominium residences. Amenities include a 3,500 s/f community clubhouse with a resort-style swimming pool, spa hot tub and outdoor fire pit. Palmer Hill is easily accessible to Manhattan by public transportation and by car. The community is minutes from exit 5 of I-95 and both the Stamford and Old Greenwich Metro-North train stations. Palmer Hill is also a short drive from the historic village of Old Greenwich and the downtown Stamford which provide plentiful dining, shopping and cultural offerings. Palmer Hill Partners is a venture of Buckingham Partners, Sun Homes and O'Connor Capital Partners.
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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

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