News: Owners Developers & Managers

Shawmut Design and Construction completes renovations at TD Garden

Shawmut Design and Construction completed a major renovation to Boston's TD Garden including multiple concourses, new concession offerings, and a comprehensive overhaul of Legends. After a long summer of demolition and construction within a fully operational arena, the Shawmut team completed phase 1 of the two-year renovation project in time for the Bruins home opener. "Our team completed a monumental amount of work in just three short months, while the arena remained open for business with countless concerts and events happening all around us," said Randy Shelly, vice president of Shawmut. "We are excited that fans will get to enjoy all these new amenities while cheering for the Celtics and Bruins this season." The expansive concourse renovations included eight new concession stands-each requiring electrical and mechanical updates to allow for more elaborate made-to-order food options. Shawmut also completed Legends, a private high-end restaurant for season ticket holders. The renovations span over 65,000 s/f of reconfigured common space that will enhance the fan experience featuring two new "Market Places" and craft beer bars. The team is in the final stages of completing the Celtics Sun Life Courtside Club which will be open for the Celtics home opener. Shawmut will revamp the seventh floor concourse over the summer of 2015. The latest renovation of TD Garden is just one of many projects Shawmut has completed at the arena over the last 15 years. Additionally, Shawmut recently completed the installation for the infrastructure of Major League Baseball's new instant replay system at all 30 ballparks nationwide, as well as a $15 million renovation of Santa Anita Park in Arcadia, Calif. Shawmut has also completed projects at MetLife Stadium, Alumni Stadium at Boston College, Yankee Stadium, Oriole Park at Camden Yards and Fenway Park.
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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