News: Retail

Shawmut Design and Construction selected to build two new Shake Shack restaurants

Shawmut Design and Construction, located at 560 Harrison Ave. in Boston, has been selected to build two new Shake Shack restaurants for Danny Meyer's Union Square Hospitality Group (USHG). Presently under construction, the Shake Shack located at 1849 Post Rd. East is scheduled to be completed this month. This project will mark the first Shake Shack located outside a major urban area. Shawmut is also scheduled to begin work on a Shake Shack located at 409 Fulton St. in downtown Brooklyn this month. It will take approximately eighteen weeks to complete. Each Shake Shack is tailored to fit the neighborhood it is located in, and the design concept incorporates sustainable and reclaimed elements to minimize its environmental footprint. Shawmut has previously constructed seven Shake Shack restaurants over the past four and a half years, and since 2007, has served as the construction management firm for multiple projects by USHG, including Blue Smoke Restaurant, Maialino, and Untitled at the Whitney.
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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