SSG Development begins construction of $12m, 114,000 s/f self storage facility
According to Gerald Cohen, manager of SSG Development LLC, they have commenced construction on a 114,000 s/f, 4 story, fully climatized self storage facility along the Mass Pike at 156 Lincoln St.
The facility will be fully climatized and have state-of-the-art security and office area, elevators, and on-site parking. The four story building is being designed by BL Companies of Meriden, Conn. and constructed by SSG Construction LLC. The facility will be open in February. The project is being financed by The Washington Trust Company in Providence, SSG Dev. currently has 8 additional projects in New England and Florida in various stages of approvals.
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