Construction was started recently for St. Mary's Plaza at 75 Pleasant St. by Cruz Construction Co. of Mattapan.
The project, which was funded with a $5.42 million loan under the Department of HUD's Section 202 program, consists of the renovation of a vacant elementary school into 32 housing units and construction of a new seven story 67 unit facility adjacent to the school.
Architect for the site is the Boston Architectural Team with Joseph Kelly as project architect.
The building will contain 94 one bedroom and 5 two bedroom apartments, 12 of those for handicapped persons. The hot water heating system is designed for solar assistance. Completion is scheduled for Feb. 1983.
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 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!
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 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