News: Rhode Island

Pro Con completes cast-in-place concrete for NYLO Warwick

The cast-in-place concrete super structure is complete and the masonry panels are being installed for the NYLO Warwick, a hotel being built at the corner of Knight St. and Greenwich Ave. The property will overlook the Pawtuxet River and is located 2 miles from the TF Green International Airport. Pro Con Inc. of Manchester, N.H. is the construction manager of the hotel and Forum Studio Inc. of St. Louis is the project architect. The project is being developed by NYLO Hotels LLC of Atlanta. The 82,800 s/f, 164-room, five-story hotel will be the anchor tenant in the multi-use redevelopment of Pontiac Mills, a 19th century textile mill. The hotel project cost is $12 million. The hotel's common area called, The Loft, has been designed to be a place where guests can relax, eat, drink, work or play. The centerpiece of the area will be its bar and restaurant. The hotel will also offer a 24-hour business center, comfortable library, game room, and several meeting rooms, as well as, a fitness center. Pro Con began site work on the project in July 2007 and has scheduled a July completion date for the hotel.
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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