Mayor Dannel Malloy and Senator Andrew McDonald joined project developers Seth Weinstein, principal of Hannah Real Estate Investors, Ray Kinol of Stillwater Investment Management, and Steven Wise of Summer Partners at a ribbon cutting ceremony for The Metropolitan, 1515 Summer St. The Metropolitan, Stamford's first luxury loft condominium development, has captured the interest of Stamford buyers seeking a truly unique, sophisticated, urban living experience.
The building represents a first of its kind conversion of a 66,000 s/f office building in Stamford. The Metropolitan's soft gray stucco, natural copper, and stainless steel façade opens to a modern lobby. The 39 luxury condominium residences astound with 10-11 ft. ceilings, expansive windows, and sleek interiors. Penthouse units offer large private terraces and panoramic views. All residents enjoy the lifestyle enhancing amenities of a building concierge, private fitness center, a temperature-controlled wine storage facility, and a club room with flat screen television.
Construction financing has been provided by Citizens Bank of Connecticut.
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