News: Northern New England

Project of the Month: Metric Construction completes 100,000 s/f renovation at Merrill's Wharf on Portland's waterfront

Metric Construction has completed a 100,000 s/f renovation at Merrill's Wharf. The project consisted of a complex renovation resulting in the revitalization and re-use of a landmark property in the city's historic waterfront. Metric worked with Winton Scott Architects and Visnick & Caulfield Associates Inc. to transform the tired five-story mill building into a modern office space for the law firm of Pierce Atwood LLP, and other smaller tenants. Careful coordination allowed for the restoration of certain architectural elements throughout the building where exposed brick, granite and stone were blended into the décor. The project included the construction of networked offices for 170+ attorneys, a virtual conference center, a library, a large cafeteria, and a rooftop deck. Infrastructure improvements around the exterior including updated electric services and sidewalks were also completed to enhance the overall wharf area. Salvaged granite blocks from the Million Dollar Bridge which preceded the Casco Bay Bridge across the Fore River, mark the building's main entrance to celebrate and further preserve the significance of the landmark location. Despite the usual challenges presented with complex rehabilitation, Metric delivered the building on schedule.
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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