News: Front Section

Project of the Month: Integrated Builders makes headway on 135,000 s/f office renovation for Two Wells Ave., LLC

Two Wells Avenue office building in Newton, Mass. Two Wells Avenue - Newton, MA

Newton, MA Integrated Builders has been selected to construct 110,000 s/f of new office space for Two Wells Avenue, LLC. The firm commenced construction in June 2016 with the demolition of two wings of the existing building in order to increase its total size from 69,000 s/f  to 135,000 s/f.  Two Wells Ave. will undergo a vertical expansion from one floor to three floors. The office building is located at the entrance to Newton’s Wells Ave., and its renovation marks the first of repurposed properties for higher and better use on that route.

The office space was constructed more than 40 years ago and has not been modernized since that time. Integrated Builders will implement a modern design that includes new utilities, a common corridor with contemporary interior design, an underground storm water filtration system, additional parking, and a reflective glass exterior in order to bring the building into the current date. In addition, energy efficient lights and HVAC will be installed to increase the building’s sustainable advantage.

“Two Wells Avenue has great bones and we are excited to not only double the size of the building, but also preserve a portion of the existing space which holds a great amount of history,” said Jay Dacey, president of Integrated Builders. “This area of Newton and Needham is currently experiencing growth and significant transformation. This enhanced facility will complement other nearby developments with its modern glass design, high-end upgrades, amenities, features and finishes, making the area even more attractive for growing businesses and the respective employees.”

Integrated Builders has made tremendous progress in a short period of time. The selective demolition effort is scheduled to finish before the end of the this month. The construction team has begun preparation for foundations, and foundation work will start toward the middle of August. In September, structural steel is expected to be delivered and erected on site, followed up with roof placement. Integrated Builders has been conducting frequent meetings to discuss logistics and to ensure that the project is delivered on-time and within budget.

The Integrated Builders team includes project manager Brian Kidder, superintendent Craig Ablondi, and assistant project manager Barbara Frazier who will provide construction management expertise in collaboration with architect Spagnolo Gisness & Associates Inc. (SGA), structural engineer Thornton-Tomassetti Group, MEP/FP engineer WSP| Parsons Brinckerhoff, civil engineer Nitsch Engineering, and owner’s representative John Hennessey, structural steel Novel Iron Works, HVAC Tech Mechanical, drywall and framing Metro Walls and plumbing Dan-Cel Co.

Located near the Mass. Turnpike and Rte. 128/I-95, Two Wells Ave. provides an ideal destination for commuters. The building is situated near the city’s retail district along Needham St., offering a selection of restaurants, banks, hotels, and retail shops. Additionally, access to the site will be enhanced with the completion of the new Kendrick St. interchange at Rte. 128/I-95.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
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