News: Construction Design & Engineering

Project of the Month: Congress Building completes 80-unit $13 million The Residence at South Windsor Farms

Congress Building Corp. completed construction on The Residence at South Windsor Farms, a $13 million senior living community. Located at 200 Deming St., the new community features assisted living, independent living and reflections memory care living. Residents began moving in on March 1. Owned and operated by LCB Senior Living, LLC and designed by The Architectural Team, the 66,000 s/f, three-story community was built in the Craftsman style and houses 80 apartments. The residence features a country kitchen, open and enclosed porches, common living and dining rooms, group activity and lounge areas, an exercise room, a barber/beauty salon, and media room. Three meals are offered daily as well as a full activities program. Scheduled transportation services, laundry and cleaning services are also available. Apartments include kitchenettes and private bathrooms and assistance with the activities of daily living. "We are proud of the work we have accomplished with valued repeat client LCB, and the Architectural Team. We are highly appreciative of this ongoing relationship. The Residence at South Windsor Farms is a spectacular design, and a project that the entire team can be proud of. It represents the new state-of-the-art in assisted living design and construction. We wish LCB continued success as they open yet another quality project in a quality community. We'd also like to thank the town of South Windsor for their support and cooperation through the entitlement and construction process; we are appreciative of their efforts every step of the way as well," said William Nicholson, Congress CEO.
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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