News: Construction Design & Engineering

Pro Con Inc. breaks ground on new 30,000 s/f medical facility in Chelmsford for Lowell General Hospital: project team includes Doonan, Ahern and Watermark, Enterprise Bank and Lowell Five

Members of town leadership joined Lowell General Hospital and Pro Con, Inc. in the ceremonial groundbreaking for a new facility that will expand the hospital's suburban campus. The addition of 14 Research Place to the hospital's suburban campus will bring a 30,000 s/f medical office building and a 347 car parking deck to accommodate medical and physician practice space. The building, to be placed between two existing facilities in use by the hospital at 10 and 20 Research Place, has tenants preparing to take occupancy in spring of 2012 when the facility is complete. Construction began for the new facility and parking deck in late May under the direction of Pro Con which is also the architect for the expansion, following the conceptual design by Doonan Architects. The campus is being designed with many landscape and aesthetic considerations using the services of Kim Ahern with engineering services of Watermark Environmental. Funding has been provided by Enterprise Bank and Lowell Five. "Today we are here to break ground on not only a new building for Lowell General Chelmsford, but in reality, a new campus," said Lowell General Hospital's president and chief executive officer, Normand Deschene. "This $10 million expansion will bring an extensive array of new quality, leading edge outpatient services to the Chelmsford community and beyond; improve access to medical care and physician practices; and unify our campus, turning Lowell General Chelmsford into the premiere outpatient facility in the Merrimack Valley." Chelmsford town manager, Paul Cohen, said, "The town has worked collaboratively both with the hospital and with its own representative groups, beginning with the joint meetings of the planning board, board of selectman and the conservation committee in December. The success of the project thus far demonstrates that the town of Chelmsford can keep up with the pace of business today."
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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