News: Northern New England

PROCON provides design-build services for Northeast Credit Union headquarters

Dover, NH Northeast Credit Union will be relocating its corporate headquarters to 100 Education Way. The new headquarters is expected to be fully operational by early 2025.

The relocation of the existing headquarters in Portsmouth, is part of the organization’s ongoing growth strategy and will enable Northeast Credit Union to better serve its members and employees. The new 100,000 s/f location is a central site for most of its 400+ employees and provides access to major roadways and transportation options.

The future headquarters will offer facilities and amenities throughout the four-story building, including employee training rooms, a cafeteria, fitness center, outdoor spaces, car charging stations, and nearby walking and biking trails. The new design will also have an emphasis on incorporating natural elements and light, hybrid workstations, and an environment that fosters collaboration and creativity.

The property is being sold by Tidemark and Kane & Co. development team, while PROCON is the architect and design-builder for the exterior renovations. The exterior of the building underwent a complete transformation by PROCON’s team, who incorporated new materials and windows to reflect the New Hampshire vernacular.

Maugel DeStefano Architects is leading the interior transformation.

Northeast Credit Union’s senior leadership team and board members along with Robert Carrier, the mayor of Dover and executives from PROCON’s design-build team, Tidemark, Kane Company, Maugel DeStefano Architects and law firm Sheehan Phinney all gathered for a “wall smashing” ceremony at the future headquarters. During the event, participants had a first look at renderings and designs before taking sledgehammers to walls to mark the start of the demolition process.

“We are thrilled to unveil the relocation of our corporate headquarters to the vibrant city of Dover,” said Chris Parker, president, and CEO of Northeast Credit Union. “As our purpose-driven credit union continues to grow, this pivotal move underscores our commitment to attracting and nurturing exceptional talent. The cutting-edge facility represents a milestone in our journey, providing our dedicated team members with an environment designed to promote inclusion, communication and collaboration, amongst many other things, while empowering our team to enhance our service to our valued members, and the communities we proudly serve.”

“We are excited to welcome Northeast Credit Union to Dover,” said mayor Robert Carrier. “The company’s relocation is a testament to the strength of our community and commitment to attracting and supporting innovative and mission driven businesses. We look forward to working with Northeast Credit Union to help assist with growth, job creation, boost the local economy and support the communities they serve.”

“Tidemark is thrilled to welcome Northeast Credit Union to our Education Way Campus in Dover,” said Eben Tormey, partner of Tidemark. “Tidemark’s Community Minded purposed built mission aligns with Northeast Credit Union’s commitment to help communities thrive through the elimination of food insecurity, access to affordable housing, and support of education. We look forward to working with Northeast Credit Union and our long-standing partners, the Kane Company and PROCON to deliver a first-class headquarters for Northeast Credit Union in this idyllic setting along the Cocheco River.”

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