News: Front Section

Suffolk Construction completes 5 year $150m renovation of Charles St. jail

It is hard to imagine a more original design than a hotel carved out of an iconic 19th century jail. But when the city is one as passionate about history as Boston and the structure is the Charles St. Jail, the vision of developer Richard Friedman comes into focus. Following a restoration, the National Historic Landmark building will become one of the country's most stunning and inspired "reuse" developments, debuting as The Liberty Hotel. The $150 million luxury showplace is at the foot of Boston's Beacon Hill neighborhood overlooking the Charles River. Completed in 1851, the building was a collaboration between architect Gridley James Fox Bryant and Rev. Louis Dwight. The transformation of the site was equity financed by Friedman's Carpenter & Co., Inc. and Seattle-based Kennedy Associates, with debt provided by Deutsche Bank and San Diego National Bank. Success also hinged on support from Mayor Menino and some $15 million in tax credits approved by the Mass. Historical Commission. The project architect, Gary Johnson of Cambridge Seven Assocs., Inc. and consulting historic preservation architect Pamela Hawkes, FAIA, of Ann Beha Architects, worked in tandem with historians and conservationists from the Mass. Historical Commission, the Boston Landmarks Commission, the National Park Service and the BRA. General contractor Suffolk Const. took on the task of ensuring the end result reflects the design standards set forth by these many players and the overall goal of creating a careful balance between preservation and dynamic use. While the developers' approach to preservation reflects a commitment to authenticity, a more playful attitude defines its day-to-day style. Within the building, there are 18 brick-walled guest rooms, as well as meeting rooms and a grand ballroom. A restored jail cell façade with a catwalk above features the history of the building on etched glass panels. The hotel's 300 guest rooms range in size from 400 - 800 s/f and feature imported bedding and floor to ceiling windows. A Koko Smartrainer is available for personalized fitness programs. Liberty Hotel has three venues for dining; CLINK, Silky Anteater and Mumbai Express. In-room dining is available 24 hours a day. Patrick Lyons, will operate a ground floor bar, "Alibi," and chef Lydia Shire is opening Scampo later this fall. The restaurant will be designed by Raphael Alvares.
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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