News: Owners Developers & Managers

Peabody Properties’ Powdermill Village honored by NAHMA

Westfield, MA According to full-service real estate and property management firm Peabody Properties, Powdermill Village, a 250-apartment and townhouse property, was selected as the winner of a 2017 Community of Quality Award (COQ) in the Exemplary Family Development Category by the National Affordable Housing Management Association (NAHMA).

Doreen Donovan, Peabody Properties; Kathy Talbot,
Powdermill Village; Tracey Lynch, Powdermill Village;
Lisa Gagne, Powdermill Village; and Kris Cook, NAHMA.

Each year, NAHMA’s COQ Awards recognize the best in the industry: affordable housing providers who develop and maintain outstanding properties that are safe and vibrant places to live. 

Powdermill Village, located at the foothills of the Berkshires, enjoys both an urban and rural flair. This community of 250 apartment homes and townhomes is spread out in a country setting in 12 buildings. Residents have the convenience of the Mass Pike and interstate highways close by as well as access to recreational opportunities including Amelia Park, Stanley Park, and Westfield State College. 

Residents also enjoy a variety of outdoor recreational options such as pool, playground, basketball court, and outdoor patio. In addition, the community offers many resident service programs and activities as well as on-site after-school Boys & Girls Club summer programs. 

Representatives from Peabody Properties and Powdermill Village accepted the award during a special ceremony at the recent NAHMA Communities of Quality Awards Luncheon held in Washington, D.C., during NAHMA’s winter meeting.

The competitive process to be named a National Community of Quality Award® winner is rigorous with exceptional properties vying against one another for final selection by an independent panel of judges tasked with carefully analyzing entries to select those that stand out above the rest. 

This year’s competition resulted in 45 entries, underscoring “how outstanding Powdermill Village is to win in such a competitive field of entries” according to Kris Cook, Executive Director of NAHMA. 

“We are so very proud of our team members at Powdermill Village for cultivating this special community; offering the highest quality of life for their residents,” said Melissa Fish-Crane, Principal and COO of Peabody Properties, Inc. “We are also very grateful to NAHMA for this exceptional recognition. Thank you!” 

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