News: Construction Design & Engineering

Suffolk Construction celebrates key milestone for Broad Inst.'s $175 million expansion

Suffolk Construction recently celebrated the topping off of the Broad Institute's 75 Ames St. project. Suffolk is managing construction of the $175 million, 375,000 s/f research and development facility located in Kendall Sq., a science and technology hub. The 15-story facility will house laboratory and ancillary space, increasing the total research space of the Broad Institute to more than 500,000 s/f. Adjoining the Institute's 7 Cambridge Center site, the 75 Ames St. expansion will create a contiguous research space for developing advancements in science and technology. Other features of the expansion include 4,000 s/f of retail space on the ground floor, three mechanical floors, and an open mechanical area on the roof. Approximately 5,000 tons of steel is being used to support the new structure, which will include 92,000 s/f of exterior glass. The topping off ceremony recognized the placing of the final steel beam on the 75 Ames St. expansion. To celebrate this key construction milestone, Broad Institute director Eric Lander joined the project team, which includes Suffolk Const. development manager Boston Properties, and architect Elkus Manfredi Architects. The team worked together on the preconstruction plan for the expansion, leading to its selection to performconstruction on this important project. Construction on the Broad Institute 75 Ames St. expansion project began in November 2011 and is scheduled for completion in January 2014.
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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