News: Construction Design & Engineering

Pro Con Inc completes Brightview North Andover senior living community

Pro Con Inc has completed Brightview North Andover, a new senior living community located at 1275 Turnpike Rd. The $19.8 million design build project was developed by Shelter Development and is being operated by Brightview Senior Living. Pro Con was the project architect and construction manager for the senior living project, which is the fifth Brightview community in Massachusetts. The 4-story, 140,530 s/f senior living community offers a social environment where housekeeping, dining, transportation, and maintenance are provided by a caring staff. Brightview North Andover has 133 units including 65 apartments for independent living, 41 apartments for assisted living and 27 apartments for Alzheimer's and dementia care. The apartments, which are all under one roof, offer the residents a variety of floor plans and care options. The community will feature full-service independent living apartments on a monthly rental basis with no large entrance fee. The all-inclusive monthly fees include private 1 or 2-bedroom apartment homes, exterior and interior maintenance including appliances, full kitchens, washer/dryer, housekeeping, chef-prepared meals, utilities, transportation, and a full-time program director to coordinate daily programs and social events. Community amenities include a fitness center, beauty/barber shop, internet café, pub, movie theater and game room. Pro Con Inc began site work on Brightview North Andover in February 2012 and the senior living community was completed last month. "The Brightview North Andover apartments are complete and ready for the residents to move-in" said the project manager for Pro Con Inc.
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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