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Shawmut Design and Construction completes Massachusetts Maritime Academy 4th Company dormitory

Shawmut Design and Construction, an $860 million national construction management firm, recently completed the renovation of the Massachusetts Maritime Academy 4th Company dormitory. In collaboration with the Massachusetts State College Building Authority, the 18-month project added over 100 new dormitory rooms that will house 220 more cadets. The Massachusetts Maritime Academy is just one of 52 projects Shawmut's academic team is completing this fall. "We are proud of the relationship we have built with the Massachusetts Maritime Academy," said Tom Goemaat, CEO of Shawmut. "And, I am proud of our team for meeting a tight deadline while paying particular attention to not disrupt the cadets during their training and schooling." Designed by Prellwitz Chilinski Associates, the 69,000 s/f renovation involved a two-story over-build of the existing 4th Company dormitory, as well as a six-story block and plank addition that was completed in phases in order to accommodate a fully occupied campus and building. The over-build exterior envelope includes a combination of brick veneer, curtain wall, and metal panels consistent with the existing campus aesthetic. The project also included a renovation of the 4th Company dormitory that was necessary to meet the standards of the new additions. The project was designed and constructed to receive LEED Silver Certification. Shawmut also upgraded the campus's existing Waste Water Treatment Facility which included the replacement of the electrical substation over a single weekend. Throughout the summer Shawmut has been at work on over 15 campuses across New England, including Harvard University, Brown University and Yale University. At UMass-Lowell, the academic team constructed University Crossing, a new 225,000 s/f multi-purpose building. The team also worked on a new three-story, 20,000 s/f building at The Boston Conservatory, as well as The Schneider Center, a 16,000 s/f multi-purpose space on the campus of Wellesley College. This October Shawmut will complete work on Boston College's St. Mary's Hall, and recently erected a new scoreboard at Alumni Stadium on the Chestnut Hill campus. Shawmut is a national construction management firm that builds exciting projects for distinguished clients. As an ESOP (employee-owned) company, Shawmut's main objective is delivering exceptional, personalized service to clients. Project teams take the time to truly listen to clients' goals and concerns while implementing comprehensive tools and services.Shawmut's unique business model allows project teams to better service clients by focusing their specialized expertise within one of the following areas: academic, commercial, corporate interiors, cultural and historic, gaming, healthcare and science, hotels, restaurants, retail, and spas and health clubs. Shawmut has offices located in Boston, New York, Providence, New Haven, and Las Vegas.
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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