News: Construction Design & Engineering

Sundance at Harvard Sq. Holdings LLC holds topping off of 1075 Mass. Ave project

The topping off ceremony was held on February 3rd, for a project under construction and moving rapidly towards completion in Harvard Sq. at 1075 Mass. Ave. The mixed used project consists of street level retail, four stories of 20 residential units with a roof top garden. It is being developed by Sundance at Harvard Sq. Holdings LLC owned by Raj and Neena Dhanda of Brookline. The site formerly occupied by Bowl & Board retail store has been hailed as the gateway to Harvard Sq. It is located at the intersection of Massachusetts Ave., Mount Auburn St., Putnam Ave. and Trowbridge St. The site was purchased by Raj Dhanda in May 2009 with the idea of renovating the then existing building but it soon became clear that such a unique and rare site deserved a new landmark building. The permitting which occurred in 2010 had the support of the abutters and progressed smoothly through City Hall. Construction began in the late summer of 2011 and is expected to be completed this August. The design of the building is contemporary with more than three quarters of the skin in glass. Peter Quinn designed the building. The general contractor is Callahan Construction. Construction and the financing was provided by TD Bank. There is a lot of buzz about this building in the real estate circles in the city as this is the first new construction of significant size (not connected to Harvard University) since The Charles Hotel was built in 1992. The demand for both retail and commercial units is anticipated to be strong with residential units averaging more than $800 per s/f. Raj Dhanda, the Developer is owner of several prominent Harvard Sq. properties including Crimson Galeria whose tenants include Staples and a multitude of restaurants offering Asian and American cuisines. Raj Dhanda is also the founder and owner of Neenas Lighting with designer lighting showrooms in Boston, South Boston, Brookline and Wellesley.
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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