News: Owners Developers & Managers

Pro Con Inc. nears completion of window/masonry work at Lowell General Hospital

The window installation and masonry work are nearly complete at Lowell General Hospital's new 30,000 s/f medical office building complex at 14 Research Place. The initial conceptual design was provided by Doonan Architects and Pro Con Inc. is the architect of record and construction manager for the new design build facility. The building is significantly expanding the hospital's suburban campus. Merrimack Valley Cardiology and Orthopaedic Surgical Associates of Lowell, which currently use the diagnostic and surgical services at the Lowell General Chelmsford campus, are planning to move into the medical building when it is completed this spring. The medical office building will have a 2-story, 347 car parking garage and deck to accommodate medical and physician practice space. The new building is being built between two existing facilities in use by the hospital at 10 and 20 Research Place. The initial base coat paving and sidewalk placement has been completed and a portion of the top level of the parking deck was turned over to the hospital; enabling 55 parking spaces to be utilized for medical staff parking in advance of the building being completed. The campus was designed with many landscape and aesthetic features using the services of Kim Ahern, with engineering services of Watermark Environmental. Funding has been provided by Enterprise Bank and Lowell Five. The hospital's $10 million expansion will bring an extensive array of new quality, leading edge outpatient services to the community and beyond; improve access to medical care and physician practices. Pro Con Inc is a full service architecture and construction management firm specializing in commercial, hospitality, institutional, industrial and multi-family residential projects. The company is recognized as an industry leader and is known for their single source design-build delivery system, "The Diamond Solution."
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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